Amberplex Market Size Forecast to Reach US$ 749.7 Million by 2026

(MarketersMedia via Comtex)

Rapid Growth of the Water Services Industry Has Increased the Demand for Amberplex; Thereby Fueling the Market Growth

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Amberplex Market size is forecast to reach US$ 749.7 million by 2026, after growing at a CAGR of 2.3% during 2021-2026. Amberplex is an ion exchange resin that is extensively used in the creation of heterogeneous layers in various applications such as electrodialysis, chromatographic separation, desalination, and more. The bonding material utilized in its production can be hydrocarbon wax, a thermosetting resin such as alkyd polyester, or thermoplastic resin such as polystyrene. Amberplex offers various advantages including improved transmission efficiency, turbulent flow, reduced concentration polarization phenomenon, reduced current density, and more; these properties are driving its demand in various end-use industries. The rapid growth of the water services industry has increased the demand for amberplex; thereby, fueling the market growth. Furthermore, the flourishing food & beverage industry is also expected to drive the amberplex industry substantially during the forecast period.

Amberplex Market Segment Analysis - By Application

The desalination segment held the largest share in the amberplex market in 2020 and is growing at a CAGR of 3.1% during 2021-2026, owing to the increasing usage of amberplex for water desalination. The homogeneous phase ion exchange resin amberplex has a special membrane mass transfer characteristic for the membrane module. Its resistance is low, and its current efficiency is high. The homogeneous phase amberplex adopts simultaneously, can resist higher calcium ion concentration, and reduce the membrane and pollute, and has reduced the seawater pretreatment requirement, which can further reduce seawater desalination process cost. Thus, using amberplex can significantly cut down the processing cost, which is the major factor for the increasing usage of amberplex in the water desalination application during the forecast period.

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Amberplex Market Segment Analysis - By End-Use Industry

The water services segment held the largest share in the amberplex market in 2020 and is growing at a CAGR of 5.6% during 2021-2026, owing to increasing usage of amberplex in the water services such as water treatment, desalination, and more. Amberplex is effective in removing hardness, nitrate, heavy metals, and other emerging pollutants from water and wastewater at least on a pilot scale including boron. The amberplex for the water service applications is encouraging with regard to the cost implication and membrane fouling problem. Further, the amberplex is favorable regarding energy consumption and space use as compared to MFs alone including the double-pass RO. Thus, all these benefits associated with amberplex are the major factor driving the demand for amberplex from the water services industry during the forecast period.

Amberplex Market Segment Analysis - By Geography

Rest of the World region held the largest share in the amberplex market in 2020 up to 35%, owing to the increasing demand for fresh water in the region. In an arid area of the world with rigid climatic conditions and a shortage of permanent natural water supplies such as lakes and rivers, there is a growing demand for desalinated water in the Middle East and Africa.

Amberplex Market Drivers

Flourishing Food & Beverage Industry

Electrodialysis (ED) technology can be used in food production to achieve a variety of goals, including food demineralization, alteration, concentration, and fractionation of food ingredients. Amberplex is sometimes used as a resin layer in electrodialysis. According to the International Trade Administration, Russia is the eighth largest market for processed food goods, with a trading volume of 27.5 million tonnes, and beverages (alcoholic and soft) with a trading volume of 26 billion liters (ITA).

Flourishing Pharmaceutical Industry

Amberplex is largely employed in the pharmaceutical industry for the application of removal of salts and acids from pharmaceutical solutions. The US market for biopharmaceuticals is the biggest, accounting for roughly a third of the global market, according to the International Trade Administration (ITA), and is the world leader in biopharmaceutical R&D.

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Amberplex Market Challenges

Disadvantages Associated with Amberplex

One of the first commercially available large-scale water desalination processes based on membranes was Amberplex-based electrodialysis. However, despite a long-term reliable operation experience in brackish water desalination and wastewater treatment amberplex electrodialysis is replaced more and more by reverse osmosis and nano-filtration which have especially in the production of potable water from seawater a clear cost advantage. It is extremely costly to build and manage an amberplex based desalination system.

Amberplex Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the amberplex market. Major players in the amberplex market are Evergreen Technology Pvt. Ltd., General Electric Company, Ion Exchange Limited, Lanxess Aktiengesellschaft, Merck Kgaa, Pure Water Scandinavia Ab, Resintech Inc., The 3M Company, The Dow Chemical Company, and Toray Industry Inc.

Key Takeaways

Rest of the World dominates the desalination system market, owing to the rapid increase in consumption of desalinated water in the region. The consumption of desalinated water grew in 2019 by around 3,500 million imperial gallons, according to the Dubai Electricity and Water Authority (DEWA).

Every year, about 40 million individuals are affected by water-borne diseases. And, due to fluoride pollution in water, almost six million children under the age of 14 years suffer from fluorosis. The market for desalination and water purification systems is therefore destined to rise, which will drive the amberplex market growth during the forecast period.

According to National Water Mission, during the 12th Plan, the Ministry of Earth Sciences (MES) proposed to take up the work of setting up six desalination plants in the islands of Lakshadweep and a rigid off-shore platform based LTTD pilot demonstration plant in India. Such government initiatives are flourishing in the water services sector, which is then boosting the amberplex market growth.

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which there is a disruption in the manufacturing process of amberplex feedstock such as thermosetting resin and thermoplastic resin, which is hampering the amberplex market growth.

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Source URL: https://marketersmedia.com/amberplex-market-size-forecast-to-reach-us-7497-million-by-2026/89037984

Source: MarketersMedia

Release ID: 89037984

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COMTEX_390234434/2567/2021-07-22T07:48:51