Nuclear power has become an important energy source, and the application demand for adsorption resins for nuclear-grade ultrapure water is rising.

Nuclear energy is a zero-carbon energy source and an indispensable alternative energy source on the road to carbon neutrality. China currently accounts for only 16% of clean energy. To achieve carbon neutrality, it needs to significantly increase the proportion of clean energy. As a stable, zero-carbon energy source, nuclear power is a good alternative to thermal power generation. The construction of nuclear power in the “Thirteenth Five-Year Plan” fell short of expectations. By 2020, there are only 50 units in operation in China, with a total installed capacity of about 51.1 million, and 16 units under construction, with a total installed capacity of 17.4 million kilowatts, a gap of 16 million kilowatts compared to the plan. During the “14th Five-Year Plan” period, nuclear power construction will surely catch up. Benefiting from the construction and development of nuclear power, the application demand for adsorption resin for nuclear-grade ultrapure water has increased, and the industry has good development prospects.

According to the “2022-2026 Global Nuclear Grade Ultrapure Water Adsorption Resin Industry In-depth Market Research and Key Area Research Report” released by the Industrial Research Center shows that adsorption resin for nuclear-grade ultrapure water plays an important role in nuclear power. Its application environment is relatively complex, so it has high product requirements. Adsorption resin for nuclear-grade ultrapure water must have a high regeneration conversion rate, low impurity content, good resistance to radiation decomposition, and be able to work in high-temperature environments. Under the “double carbon” goal, my country’s nuclear power industry is developing rapidly. It is expected that the domestic installed nuclear power capacity will reach 120 million kilowatt hours by 2030, and the corresponding market size of adsorption resin for nuclear-grade ultrapure water will be around 1.3 billion yuan.

Globally, with changes in the energy structure and the development of the nuclear power industry, the demand for application of adsorption resins for nuclear-grade ultrapure water continues to rise. The current global market size for adsorption resins for nuclear-grade ultrapure water has reached US$1.1 billion and is expected to Grow to US$1.4 billion in 2030.

The adsorption resin industry for nuclear-grade ultrapure water has high technical barriers, and the market is basically occupied by chemical giants, with Dow, Purolite, DuPont and others monopolizing the market. Currently, domestic companies that can produce adsorption resin for nuclear-grade ultrapure water include Zhengguang Group, Suqing Group, and Lanxiao Technology. Among them, Lanxiao Technology is a domestic technology leader and is expected to realize domestic substitution of its products. As an important domestic manufacturer of electronic-grade ultrapure water, Lanxiao Technology’s revenue in the first half of 2021 was approximately 556 million yuan, a year-on-year increase of 27.6%.

Industry analysts said that during the “Thirteenth Five-Year Plan” period, my country’s nuclear power industry developed rapidly, but it has not yet reached the requirements. During the Fourth Five-Year Plan period, my country’s nuclear power industry still maintained rapid development. Benefiting from the development of the nuclear power industry, the market demand for adsorption resins for nuclear-grade ultrapure water continues to rise, and the industry has good development prospects. The adsorption resin industry for nuclear-grade ultrapure water has high technical barriers. Currently, there are few companies in this field and the market concentration is high. Domestic Lanxiao Technology has technical advantages and strong competitiveness.