Global Ion Exchange Resins Market to Reach US$ 3.0 Billion by 2032, Fueled by Increasing Product Application in Wastewater Treatment

April 20, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Ion Exchange Resins Market Report by Type (Cationic Resins, Anionic Resins, and Others), Application (Demineralization and Water Softening, Food and Beverage, Mining and Metallurgy, and Others), and Region 2024-2032,” the global ion exchange resins market size reached US$ 2.1 Billion in 2023. Ion exchange (IX) resins are insoluble organic polymers formed by cross-linking hydrocarbon chains with one another. The resin is a matrix of porous microbeads, membranes, or granules, which consists of ion-exchange sites, where functional groups of either positively charged ions (cations) or negatively charged ions (anions) are affixed to the polymer network. It acts as a medium for ion exchange reactions that facilitates the removal and replacement of dissolved ions from the solution with other ions of similar electrical charge. The network of cross-linked hydrocarbons gives the resin polymer a more robust and resilient structure and a larger capacity by volume. IX resins are extensively employed in water treatment procedures and industrial water purification purposes to remove chlorine, radioactive elements, and other organic compounds. Apart from this, they are used across various chemical companies at different process stages for purifying and softening water.

Global Ion Exchange Resins Market Trends:

The global ion exchange resin market is primarily driven by the increasing product utilization across water treatment plants for various purposes such as deionization, demineralization, separation, purification, and decontamination of drinking water. In line with this, the expanding use of ion exchange resins to control the rising levels of air pollution caused by rapid industrialization across the globe is acting as another significant growth-inducing factor. In addition to this, the large-scale adoption of reverse osmosis and water purification techniques in commercial and residential applications is propelling the market growth. Moreover, the escalating use of ion exchange resins in sugar refining, methyl tert-butyl ether (MTBE) catalysis, liquid glucose, and gold and uranium mining due to their favorable characteristics, such as cost-effectiveness and the smaller amount of waste generated, is creating a positive outlook for the market. Furthermore, the increasing product demand from the chemical and petrochemical, pharmaceutical, and electronics sectors to replace the magnesium and calcium ions in hard water with sodium ions and remove toxic and heavy metal ions is contributing to the market growth. Besides this, significant technological advancements and developments in generating power from renewable resources, such as wind energy, hydropower, and biogas, are presenting remunerative opportunities for the market. Looking forward, the market value is projected to reach US$ 3.0 Billion by 2032, expanding at a CAGR of 3.8% during 2024-2032.

Market Summary:

On the basis of the type, the market has been segregated into cationic resins, anionic resins, and others.
Based on the application, the market is categorized into demineralization and water softening, food and beverage, mining and metallurgy, and others.
On a regional basis, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined, with some of the key players being Lanxess, Mitsubishi Chemical Holdings, The Dow Chemical Company, Purolite, Thermax Ltd., Ion Exchange (India) Ltd., Resintech Inc., Novasep Holding S.A.S., Samyang Corporation and Jiangsu Suqing Water Treatment Engineering Group Company Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Lanxess, Mitsubishi Chemical Holdings, The Dow Chemical Company, Purolite, Thermax Ltd., Ion Exchange (India) Ltd., Resintech Inc., Novasep Holding S.A.S., Samyang Corporation and Jiangsu Suqing Water Treatment Engineering Group Company Ltd.
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Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Ion Exchange Resins Market to Reach US$ 3.0 Billion by 2032, Fueled by Increasing Product Application in Wastewater Treatment

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