Ion exchange resins are polymers and insoluble matrices which have the capability to exchange specific ions in the polymer with the ones in the solution. This exchange of ions takes place without any alteration made to the material. Some of the natural substances, such as cellulose, soil particles, proteins and living cells, exhibit the properties of ion exchange. Ion exchange resins occur in the form of small, white or yellowish microbeads. These polymers are mostly used for several processes such as decontamination, separation and purification. According to the latest report by IMARC Group, titled “Ion Exchange Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global ion exchange resins market reached a value of US$ 1.7 Billion in 2018.
There has been a rapid rise in the utilisation of ion exchange resins for water treatment owing to the presence of various contaminants such as pollutants, factory wastes and pathogenic microorganisms in the drinking water. This is one of the primary factors driving the growth of the global ion exchange resins market. In addition to this, various measures are being adopted to control the air pollution on account of increasing industrialisation which has contributed towards the propelled demand for ion exchange resins across the globe. This has positively influenced the growth of the market. Furthermore, ion exchange resins are being increasingly used in sugar refining, MTBE catalysis, liquid glucose, and gold and uranium mining among others. Looking forward, the market value is projected to reach US$ 2.1 Billion by 2024, expanding at a CAGR of 3.8% during 2019-2024.
This report provides a deep insight into the global ion exchange resins market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ion exchange resins market in any manner.
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