Global Ion Exchange Resins Market Size To Reach USD 2,217.37 Million By 2032

06-Mar-2024 | Facts and Factors

According to the Facts & Factors report, the global ion exchange resins market was worth about USD 1,465.36 million in 2023 and is predicted to grow to around USD 2,217.37 million by 2032, with a compound annual growth rate (CAGR) of around 4.71%.

Ion exchange resins are polymers that act as an ion-exchange medium. Ion-exchange polymers and organic polymers are used for purification in a variety of industries. They work to eliminate chlorine, organic compounds, and radioactive elements from water, which are then used for various industrial purposes.

Factors such as the growing demand for clean drinking water and nuclear power generation necessitate water softening and demineralization, and the growing urban population in developing nations are propelling the industry forward. Furthermore, the growing importance of using ion-exchange resins in the pharmaceutical industry for recycling wastewater and drug manufacturing is expected to create opportunities for improving the global ion exchange resin market during the forecast period.

Browse the full “Ion Exchange Resins Market Size, Share, Growth Analysis Report By End-Users (Power Generation, Chemical & Fertilizer, Food & Beverage, Electrical & Electronics, Pharmaceuticals, Domestic & Wastewater Treatment, Paper & Pulp, And Others), By Applications (Water And Non-Water), By Product Types (Anion Exchange Resins, Cation Exchange Resins, And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032"  report at https://www.fnfresearch.com/ion-exchange-resins-market

Growing demand for water treatment chemicals, combined with a substantial increase in the amount of waste generated by industry, is expected to drive ion exchange resin market growth. Increasing adoption of ion exchange resins by the energy and power generation industries, as well as the wastewater treatment process industries, is anticipated to drive the market in the near future.

The pharmaceutical and electronic industries' increasing demand for ultrapure pure water is anticipated to propel the growth of the market. Increasing demand for semiconductors and microelectronics, which require a large amount of ultrapure water for chip rinsing, washing, and etching processes, is expected to drive market growth over the forecast period.

However, strict rules and regulations imposed by the European Commission and the EPA on limiting the use of water treatment are expected to stymie the market growth. The varying cost of raw materials used in the manufacture of ion exchange resins is expected to limit market growth over the forecast period.

The global ion exchange resins market is segmented on the basis of end-users, applications, product type, and region.

By end-users, the market is divided into pharmaceutical, power, food & beverage, and chemical & petrochemical. The power industry held the largest share of the market and is rapidly expanding in emerging economies such as India, China, and the United Arab Emirates, fueling demand for ion exchange resins.

By application, the market is divided into non-water and water. Ion exchange resins are widely used in water treatment processes such as demineralization, deionization, purification, separation, and decontamination.

By product types, the market is divided into anionic resins and cationic resins. The cationic resins segment dominated the market and is anticipated to continue throughout the forecast period.

During the forecast period, the Asia Pacific region's ion exchange resins market is likely to account for the largest share and have the highest CAGR. The region's demand for ion exchange resins is being driven by the region's continuous increase in ion exchange resin production for use within the region and exports.

Furthermore, a rising population and expanding end-use industries have spurred innovation and development, transforming the Asia Pacific region into a major global industrial hub. Increased innovation, combined with industry consolidations, is expected to drive rapid growth in the region's market. Because of the rising demand for clean water in these countries, emerging countries such as India, China, Saudi Arabia, and Malaysia offer growth opportunities for the ion exchange resin market.

Report Scope

Some of the global ion exchange resins market players are Samyang, Suzhou Bojie, Zhejiang Zhengguang, Jiangsu Linhai Resin, Mitsubishi Chemical, Shanghai Resin, Wandong, Jiangsu Success, Dongyang Mingzhu, Finex Oy, Zibo Dongda Chem, Lanxess, Suqing Group (Former Jiangyin Organic Chemical Plant), Sunresin, Dow Chemical, The Chemical Plant Of Nankai University, Resintech, Hebi Juxing, Purolite, and Xian Dianli.

Recent Development

• In 2023, 3M Health Care introduced the 3M Polisher ST, a single-use anion exchange chromatography solution intended to replace reusable polishing columns in biologic drug manufacturing.

The global ion exchange resins market is segmented as follows;  

By End-Users Segment Analysis

• Power Generation
• Chemical & Fertilizer
• Food & Beverage
• Electrical & Electronics
• Pharmaceuticals
• Domestic & Wastewater Treatment
• Paper & Pulp
• Others

By Applications Segment Analysis

• Water
• Non-Water

By Product Types Segment Analysis

• Anion Exchange Resins
• Cation Exchange Resins
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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