Ion Exchange Resins Market Trend & Forecast

Market Insights

The Ion Exchange Resins Market estimates a healthy growth rate of 4.58% CAGR during the forecast period of 2022-2028 and reaches USD 2.33 billion in 2028 from USD 1.70 billion in 2021.

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What is Ion Exchange Resins?

Ion Exchange Resins are materials that are insoluble in nature and are high in molecular weight. They can contain either basic groups or acidic groups for the process of ion exchange.

Ion Exchange Resins can be cationic resins or anionic resins. They are highly in use in several industry areas such as power, chemicals, water, wastewater treatment, food & beverage, pharmaceutical, electronics, mining, and many others.

Key Players

Some of the major players in the market are-

• The Dow Chemical Company
• Lanxess AG
• Mitsubishi Chemical Corporation
• Purolite Corporation
• Thermax Limited
• Ion Exchange (India) Ltd.
• Jiangsu Suqing Water Treatment Engineering Group Company Ltd.
• Novasep Holding SAS
• Samyang Corporation
• ResinTech Inc
• Anhui Sanxing Resin Technology Co. Ltd.
• Auchtel Products Limited
• Aldex Chemical Co. Ltd.
• Bengbu Dongli Chemical Co. Ltd.
• Bio-Rad Laboratories Inc.
• Eichrom Technologies Inc.
• Evoqua Water Technologies LLC
• Finex Oy
• Hebi Juxing Resin Co. Ltd.
• Jacobi Carbons AB
• Jiangsu Linhai Resin Science and Technology Co. Ltd.
• Ningbo Zhengguang Resin Co. Ltd.
• OVIVO
• Sunresin New Materials Co. Ltd.
• Tianjin Nankai Hecheng Science & Technology Co. Ltd.

Market Drivers

A few other factors are bolstering the demand for Ion Exchange Resins. They are -

• Ion exchange resins are employed in a wide array of industries, such as power, chemical & petrochemical, food & beverages, pharmaceuticals, water & wastewater treatment, food & beverage, pharmaceuticals, electricals & electronics, and metal & mining.
• Among all the application sectors, nuclear power generation is the major sector where ion exchange resins are used for controlling reactor reactions and steam generation.
• They are also extensively found in water and wastewater management as ion exchange resins are used to substitute the magnesium and calcium ions with sodium ions from hard water to alleviate poisonous and heavy metal ions.
• The increasing infrastructural development projects in developing economies are augmenting the demand for electricity, which is driving the growth of the energy & power sector. 

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Segments Analysis

Type Trends

The market is segmented into cationic resins, anionic resins, and others.

The cationic resin segment dominated the market and is expected to maintain its leading position during the forecast period. The extensive use of cationic resins in various water treatment applications in power, chemical, and domestic end-use industries is the major factor behind its dominance in the global market.

End-Use Industry Trends

The market is segmented as power, chemical & petrochemical, water & wastewater treatment, food & beverage, pharmaceutical, electrical & electronics, metal and mining, and others.

The power segment is expected to lead the market during the forecast period, owing to the increasing penetration of ion exchange resins in various power applications including coal-based and nuclear power plants in economies, such as China, Japan, Poland, and India to meet their energy requirements. 

Further, water & wastewater treatment is expected to witness substantial growth during the forecast period, owing to the rising concern towards freshwater scarcity and industrial waste treatment.   

Regional Analysis

Asia-Pacific is likely to dominate the global market during the forecast period, owing to the huge industrial base and growing demand from industries, such as mining, chemical & petrochemical, water & wastewater treatment, and nuclear power.

Further, government initiatives from developing economies, such as China and India to attract investment are acting as a catalyst for the growth of the Asia-Pacific market.

North America and Europe are the other two major markets with substantial growth opportunities, owing to strong demand from end-use industries and rising concern towards water & wastewater treatment.

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The market is segmented into the following categories. 

By Type

• Cationic Resins
• Anionic Resins
• Others

By End-Use Industry

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

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.