Ion Exchange Resins Market Size Analysis
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.
A polymer or resin known as “ion exchange resin” serves as a medium for ion exchange. Ion exchange resin is typically created from the polymerization of monomers like acrylic, phenolic, or styrene compounds. It is usually white or yellow. These tiny, porous beads have a lot of interior surface area.
These are mostly employed for decontamination, purification, and separation. Applications in several sectors, including power, water treatment, chemicals and petrochemicals, pharmaceuticals, and others, have much potential. It is employed in the pharmaceutical industry to extract and purify viruses, hormones, enzymes, and alkaloids.
GROWING DEMAND FOR WATER TREATMENT CHEMICALS IS DRIVING THE MARKET FOR ION EXCHANGE RESINS
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.
For the forecast period, the market for ion exchange resins is anticipated to grow due to the rising demand for ultrapure pure water from the pharmaceutical and electronic industries, semiconductors, and microelectronics, which use large amounts of ultrapure water for chip rinsing, washing, and etching processes.
STRICT RULES AND REGULATIONS ON RESTRICTING THE USE OF WATER TREATMENT
Strict laws and regulations, such as those set forth by the EPA and the European Commission, have imposed several restrictions on the usage of water treatment. Over the projected period, the market expansion of ion exchange resins is anticipated to be constrained by the fluctuating price of raw materials used in their production.
THE GROWING INVESTMENT BY THE GOVERNMENT IN INFRASTRUCTURE DEVELOPMENT IS EXPECTED TO AUGMENT THE MARKET GROWTH OF THE ION EXCHANGE RESINS
The government’s increasing investment in infrastructure expansion is anticipated to boost the market growth for ion exchange resins. The demand for freshwater is being created by the expanding industrialization and the mining industry, which is predicted to increase the market expansion of ion exchange resins. All of these elements are anticipated to promote the market expansion of ion exchange resins.
Market Segments Covered in Report
By Region and Country:
Why is the cationic resin segment estimated to account for the largest ion exchange resin market?
The cationic resins 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.
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Major industry companies are embracing alternate distribution channels, such as the internet channel, to grow their market position in the region. Several significant market participants are investing in R&D to create technology that would lower operational costs and decrease worker risk exposure. Another area of attention for development projects is better ways to manage ores with declining grades.
While most large companies focus on sustainability, some important businesses focus on expanding their current manufacturing facilities to meet demand from the expanding chemical industry.
The key developments in the Global Ion Exchange Resins Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Application, Type, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.0%.
Growing demand for water treatment chemicals is driving the market for ion exchange resins.
Major global Ion Exchange Resins Market players 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
Strict rules and regulations on restricting the use of water treatment.
Asia Pacific Region is expected to account for the largest market revenue share in the Global Ion Exchange Resins market.
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