Ion Exchange Resins Market : Increase In The Demand For Water Treatment Chemicals Anticipated To Increase The Demand In The Market

Ion Exchange Resins Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Ion Exchange Resins Market grew at a CAGR of 4.4% between 2017-2021 and is estimated to be US$ 2,174.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.0% and is expected to reach a valuation of US$ 3,542.2Mn by 2032 end.

Ion exchange resins are employed in numerous sectors to filtrate and soften water. They can remove organic compounds, radioactive elements, and chlorine from water for various industrial processes. Some main end uses of the ion exchange resins are food and beverage, chemical processing, power generation, electronics, wastewater treatment, and mining.

ChemView Consulting has analyzed that the global market for ion exchange resins is driven by an increase in the demand for water treatment chemicals and a notable rise in the volume of waste produced by the sector. Over the next several years, increasing demand for ion exchange resins from the energy and power production and wastewater treatment industries is also anticipated to boost market expansion.

The demand for cationic resins for water treatment applications has expanded due to the rapid urbanization in APAC. The need for ion exchange resins is anticipated to rise across several industries as the economies of APAC, the Middle East & Africa, and South America, among other regions, improve.

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Segments Covered in Report

By Application:

  • Water
  • Non-water

By Type:

  • Cationic Resins
  • Anionic Resins
  • Others (Adsorbent Resins & Chelation Resins)

By End-Use:

  • Power
  • Chemical & Petrochemical
  • Food & Beverage
  • Pharmaceutical
  • Electrical & Electronics
  • Metal & Mining
  • Others (Textile, Agriculture, Wastewater Treatment, and Oil & Gas)

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Ion Exchange Resins Market

  • Based on the type, the cationic resin segment held the market’s greatest share, which is anticipated to maintain its dominance during the projected period. Cationic resins are employed in various end-use industries for the dealkalization, demineralization, and treatment of very saline water.
  • Based on the region, the APAC region is anticipated to hold the largest market share of 57.2% and post the highest CAGR for ion exchange resins during the forecast period. Demand for ion exchange resin in the region is driven by the steadily rising production of domestic and export uses.

Competition Summary

Key companies covered in the market study are The Dow Chemical Company, Lanxess AG, Purolite Corporation, Mitsubishi Chemical Holdings Corporation, Thermax Limited, Ion Exchange India Ltd, Samyang Holdings Corporation, Sunresin New Materials Co. Ltd, ResinTech Inc., Jiangsu Suqing Water Treatment Engineering Group Co., Ltd., Alfa Aesar, Purolite Corporation, Novasep Holding, ResinTech Inc., Sunresin New Materials Co., Ltd, Bio-Rad Laboratories, Inc, Evoqua Water Technologies

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impact market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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