Ion Exchange Resins Market

GMI Research analysis indicates that the Ion Exchange Resins Market estimated at USD 1,650 million in 2021 and is slated to register a single digit CAGR of 4.5% over the forecast period, and is projected to reach USD 2,346 million in 2029.

To have an edge over the competition by knowing the market dynamics and current trends of “Ion Exchange Resins Market,” request for Sample Report here

Key Drivers

The growing demand for ion exchange resins from the wastewater treatment process and energy & power generation industries is a major factor that is projected to surge the ion exchange resins market growth during the forecast period. Increasing demand for nuclear energy electric generation in emerging economies including Brazil, China, India, Indonesia, Mexico, Poland, South Africa, South Korea, and Saudi Arabia, among other countries and the increasing industrialization, coupled with the growing need for conservation & re-use of water are some other drivers of global ion-exchange resins market. Ion-exchange resins have the capability of eliminating chlorine, radioactive elements, and organic compounds from the water. The rising utilization of ion exchange resins for the purification and softening of water across various industries, including food & beverage, pharmaceutical, power, agriculture, and other industries, is driving the growth of the market.

Growing population, the limited availability of potable water, and changing climatic conditions are some of the factors augmenting the increase in the demand of the ion exchange resins market. Increasing demand for semiconductor and microelectronics components in the electronic industry is further projected to drive the growth of the ion exchange resins market owing to the growing demand for ion exchange resins that are used in obtaining ultrapure water for chip rinsing, washing, and etching process. However, the high cost of ion exchange resin, lack of awareness in underdeveloped nations, and uses of alternative options including biosorption technology and reverse osmosis system could hamper the growth of the ion exchange resin market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Type – Segment Analysis

Based on type, the market is segmented into cationic resins, anionic resins, and others. The cationic resins segment is expected to grow at a higher CAGR during the forecast period. This is primarily due to the increasing use of the catonic exchange resins in a wide range of end-use industries for demineralization, dealkalization, and treatment of highly saline water. Rapid urbanization, coupled with the rising demand for potable water, has led to a surge in demand for cationic resins for wastewater treatment applications.

Application – Segment Analysis

Based on the application, the market is segmented into water and non-water. Among these, the water segment is projected to account for a significant share in the market during the forecast period owing to the extensive use of ion exchange resins in the water treatment applications such as purification, decontamination, deionization, demineralization, ultrapure water production, and wastewater treatment.

End-Use Industry – Segment Analysis

Based on end-use industry, the market is segmented into power, chemical & petrochemical, food & beverage, pharmaceutical, food & beverage, electrical & electronics, metal & mining, and others. The power end-use industry segment is expected to grow at a higher CAGR during the forecast period. This is attributed to a large amount of water consumption in the power industry and the growing use of ion exchange resins as a cost-effective and efficient method for creating and maintaining a continual supply of ultra-pure water in the industry.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis

Based on the region, Asia-Pacific region is anticipated to grow at a higher CAGR during the forecast period due to the growth of industries including power, food & beverages, mining, and wastewater treatment industry in developing countries such as India, China, Indonesia, and others. Additionally, the rising need to reuse industrial wastewater and the growing health awareness and safety regarding food and beverage products are further augmenting the use of ion exchange resins during the forecast period.

Top Market Players

Various notable players operating in the global ion exchange resins market include Novasep Holding, DuPont de Nemours, Inc., Mitsubishi Chemical Corporation, Thermax Limited, Lanxess Group, Purolite Corporation, lon Exchange (India) Limited, Samyang Corporation, ResinTech Inc., and Bio-Rad Laboratories, Inc., among others.

Key Developments: 

• • In 2020, DuPont De Nemours, Inc. completed the acquisitions of four water solutions providing companies namely, Desalitech, inge GmbH, Memcor®, and OxyMem Limited. The acquisition of these companies is anticipated to enhance DuPont’s portfolio of water purification and separation technologies, including ultrafiltration, reverse osmosis, and ion exchange resins.
  • In 2020, LANXESS Group has announced to expand its ion exchange resins business and has planned to build a new production facility. The company has planned to establish a new ion exchange resin plant with a production capacity of between 20,000 and 30,000 cubic meters and has been scheduled to complete within the next five years. This is expected to help the company in strengthening the ion exchange resins business.
  • In 2019, DuPont De Nemours, Inc. announced to rebrand the portfolio of ion exchange products and launch the new Amber series of resins and TapTec™ ion exchange resin product families. These products are developed to provide filtration and separation needs of the industries including chemical synthesis, manufacturing, food processing, mining, power generation, agriculture and a variety of other applications and industries.

Segments covered in the Report:

The global ion exchange resins market has been segmented on the basis of type, application, end-use industry, and region. Based on type, the market is segmented into cationic resins, anionic resins, others. Based on application, the market is segmented into water and non-water. Based on end-use industry, the market is segmented into power, chemical & petrochemical, food & beverage, pharmaceutical, food & beverage, electrical & electronics, metal & mining, and others.

For detailed scope of the “Ion Exchange Resins Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Ion Exchange Resins Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Ion Exchange Resins Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Ion Exchange Resins Market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-use industry of global Ion Exchange Resins Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 1,650 million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By End-Use Industry, and  By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Novasep Holding, DuPont de Nemours, Inc., Mitsubishi Chemical Corporation, Thermax Limited, Lanxess Group, Purolite Corporation, lon Exchange (India) Limited, Samyang Corporation, ResinTech Inc., and Bio-Rad Laboratories, Inc. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Ion Exchange Resins Market by Type

• • Cationic Resins
  • Anionic Resins
  • Others

Global Ion Exchange Resins Market by Application

• • Water
  • Non-Water

Global Ion Exchange Resins Market by End-Use Industry

• • Power
  • Chemical & Petrochemical
  • Food & Beverage
  • Pharmaceutical
  • Electrical & Electronics
  • Metal & Mining
  • Others

Global Ion Exchange Resins Market by Region

• • North America Ion Exchange Resins Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Ion Exchange Resins Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Ion Exchange Resins Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Ion Exchange Resins Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Ion Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Ion Exchange Resins Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Novasep Holding
  • DuPont de Nemours, Inc.
  • Mitsubishi Chemical Corporation
  • Thermax Limited
  • Lanxess Group
  • Purolite Corporation
  • lon Exchange (India) Limited
  • Samyang Corporation
  • ResinTech Inc.
  • Bio-Rad Laboratories, Inc.