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Ion Exchange Resins Market: By Product Type, By Application, By End-User, and Geography
Ion Exchange Resins Market: By Product Type, By Application, By End-User, and Geography
Ion Exchange Resins Market size was valued at US$ 1,111.17 million in 2023 and is poised to grow at a CAGR of 3.8% from 2024-2030. The global ion exchange resins market is poised to grow at a significant CAGR owing to an increase in the purification of water and wastewater treatment. For instance, most of the industries are focusing on wastewater treatment and approximately 60% of water is reusable. Moreover, rapid urbanization and an increase in demand for purified water are expected to create better market opportunities for the market players. In addition, approval for newer products is anticipated to upsurge the revenue growth of the market. For instance, in April 2016, Jacobi’s Resinex division received French Ministere des Affaires et de la Sante (FMASS) approval for Resinex KW-H used in the removal of temporary hardness and other dealkylation processes in potable water supplies.
Furthermore, the expansion of business by market players is a strategy to dominate the ion exchange resin market. For instance, in April 2013, Lanxess expanded its ion-exchange resins facilities in Leverkusen by investing 10 Mn in a new product line for weakly acidic cation exchange resins for water treatment. Ion exchange resins are the polymers that act as a medium in the ion exchange process. Most of the ion-exchange resins are based on cross-linked polystyrene. Ion-exchange resins are classified into anion-exchange resins and cation-exchange resins. Ion exchange resins are widely used in the purification, separation, and decontamination process. Applications of ion exchange resins include water purification, water softening, and metal separation, production of high-purity water, juice purification, sugar manufacturing, and pharmaceutical purification among others.
Study Period
2024-2030Base Year
2023CAGR
3.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Rise in number of food and beverage and pharmaceutical industries, growing demand for purified water, and wide range of applications of ion-exchange resins such as mining of metals and biodiesel production are anticipated to fuel the ion exchange resins market. Moreover, stringent regulations for restricting the chemicals in water treatment, deployment of ion–exchange resins in nuclear power stations, and clinical applications of biocompatible resins are anticipated to boost the ion exchange resins market over forecast timeframe. However, high manufacturing cost for ion-exchange resins, lack of awareness in underdeveloped countries, and increase in adoption of alternative techniques such as reverse osmosis and electro deionization are expected to hinder the growth of ion exchange resins market over forecast period.
Geographically, global ion exchange resins market is segmented into North America, Europe, Asia Paific, Latin America, and Middle East and Africa. Europeion-exchange resins markethas a lucrative growth due to increase in number of food and beverage and pharmaceutical industries, increase in demand for purified water and beverages, and high awareness about ion-exchange among key stakeholders. Asia Pacificion exchange resins market growth driven by growing demand for municipal water treatment, rise in demand for nuclear power in China, India, and Japan, and rapid urbanization are propel the market. Latin Americaion exchange resins market is growing due to adoption of newer products, rise in preference for purified water, and increase in per capita income. Middle East and Africaion exchange resins market has a significant growth owing to expansion of business by market players and increase in the number of industries in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1,111.17 million |
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Market CAGR |
3.8% |
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By Product Type |
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By Application |
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By End-User |
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By Region |
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The global ion exchange resins market size was valued at US$ 1,111.17 million in 2023 and is projected to grow at a CAGR of 3.8% by 2030.
The ion exchange resins market key players are: Purolite Corporation (U.S.) Lanxess AG (Germany) The Dow Chemical Company (U.S.) Thermax Ltd. (India) Ion Exchange Ltd. (India) Mitsubishi Chemical Corporation (Japan) ResinTech, Inc. (Malaysia) BASF SE (Germany) Eichrom Technologies, LLC (U.S.) Novasep Holding SAS (France)
The ion exchange resins market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Ion Exchange Resins Market Introduction |
| 2.1.Global Ion Exchange Resins Market - Taxonomy |
| 2.2.Global Ion Exchange Resins Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.End Users |
| 2.2.4.Region |
| 3. Global Ion Exchange Resins Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID-19 on Market |
| 4. Global Ion Exchange Resins Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Ion Exchange Resins Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Anion-exchange resins |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Cation-exchange resins |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Ion Exchange Resins Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Power Generation |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pharmaceuticals |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electrical and Electronics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Food and Beverages |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Chemicals |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Water Treatment |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Mining and Metal |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Ion Exchange Resins Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Pharmaceutical Industries |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Chemical Industries |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Food and Beverages industries |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Ion Exchange Resins Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Ion Exchange Resins Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Anion-exchange resins |
| 9.1.2.Cation-exchange resins |
| 9.1.3.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Power Generation |
| 9.2.2.Pharmaceuticals |
| 9.2.3.Electrical and Electronics |
| 9.2.4.Food and Beverages |
| 9.2.5.Chemicals |
| 9.2.6.Water Treatment |
| 9.2.7.Mining and Metal |
| 9.2.8.Others |
| 9.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Pharmaceutical Industries |
| 9.3.2.Chemical Industries |
| 9.3.3.Food and Beverages industries |
| 9.3.4.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Ion Exchange Resins Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Anion-exchange resins |
| 10.1.2.Cation-exchange resins |
| 10.1.3.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Power Generation |
| 10.2.2.Pharmaceuticals |
| 10.2.3.Electrical and Electronics |
| 10.2.4.Food and Beverages |
| 10.2.5.Chemicals |
| 10.2.6.Water Treatment |
| 10.2.7.Mining and Metal |
| 10.2.8.Others |
| 10.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Pharmaceutical Industries |
| 10.3.2.Chemical Industries |
| 10.3.3.Food and Beverages industries |
| 10.3.4.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Ion Exchange Resins Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Anion-exchange resins |
| 11.1.2.Cation-exchange resins |
| 11.1.3.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Power Generation |
| 11.2.2.Pharmaceuticals |
| 11.2.3.Electrical and Electronics |
| 11.2.4.Food and Beverages |
| 11.2.5.Chemicals |
| 11.2.6.Water Treatment |
| 11.2.7.Mining and Metal |
| 11.2.8.Others |
| 11.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Pharmaceutical Industries |
| 11.3.2.Chemical Industries |
| 11.3.3.Food and Beverages industries |
| 11.3.4.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Ion Exchange Resins Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Anion-exchange resins |
| 12.1.2.Cation-exchange resins |
| 12.1.3.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Power Generation |
| 12.2.2.Pharmaceuticals |
| 12.2.3.Electrical and Electronics |
| 12.2.4.Food and Beverages |
| 12.2.5.Chemicals |
| 12.2.6.Water Treatment |
| 12.2.7.Mining and Metal |
| 12.2.8.Others |
| 12.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Pharmaceutical Industries |
| 12.3.2.Chemical Industries |
| 12.3.3.Food and Beverages industries |
| 12.3.4.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Ion Exchange Resins Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Anion-exchange resins |
| 13.1.2.Cation-exchange resins |
| 13.1.3.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Power Generation |
| 13.2.2.Pharmaceuticals |
| 13.2.3.Electrical and Electronics |
| 13.2.4.Food and Beverages |
| 13.2.5.Chemicals |
| 13.2.6.Water Treatment |
| 13.2.7.Mining and Metal |
| 13.2.8.Others |
| 13.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Pharmaceutical Industries |
| 13.3.2.Chemical Industries |
| 13.3.3.Food and Beverages industries |
| 13.3.4.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.