The global ion exchange resins market is estimated to be valued at around USd 1.47 million in 2023 and is projected to reach USD 2.37 million by 2033. The global market is anticipated to capture a CAGR of 4.9% during the forecast period.
Key Takeaways:
The demand for ion exchange resins in wastewater treatment is surging rapidly. The increasing water pollution and rising demand for freshwater are fueling the global market size.
North America is a vital region that is robust in developing ion exchange resins. The growing end-use industries such as food & beverages, power generation, and water treatment are advancing the global market size. The demand for fresh water in South Asia Pacific is increasing the adoption of ion exchange resins.
| Attribute | Details |
|---|---|
| Market CAGR (2023 to 2033) | 4.9% |
| Market Valuation (2023) | USD 1.47 billion |
| Market Valuation (2033) | USD 2.37 billion |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The rising demand for ultra-pure water in several regions significantly drives global market revenue. The food & beverage manufacturers are increasing the adoption of these resins for pure water in several processes such as etching, cleaning, and other purposes.
The electronic sector prefers pure water to integrate circuits, displays, and other components. On the other hand, the pharmaceutical industry is operating several cleaning tasks, such as administering injections and cleaning equipment, by increasing the demand for ion exchange resins.
The manufacturers use ultra-pure water for efficient cleaning and to avoid corrosion in the power generation process. The power generation sector is rapidly increasing the adoption of ion exchange resins for generating electricity. These are few of factors that propelling the global market size.
The growing alternative technology for effective water treatment in several end-use industries restrains the global market. Adopting specific regulations and innovating effective alternative technologies such as Electro-deionization and Reverse Osmosis may limit the global market size.
Manufacturers are treating non-chemical water treatment methods for filtering and purification, limiting global market growth. These manufacturers are concerned about more sustainable product treatment, and climate change is declining worldwide. Adopting low chemical consumption for water treatment results in a fall in demand for ion exchange resins.
Principal Consultant
The global market witnessed a CAGR of 4.5% over the historical period of 2018 and 2022. Increasing demand for water purification in pharmaceuticals and power generation enhances freshwater scarcity.
The increasing adoption of decontamination and purification techniques raises the demand for ion exchange resins. The innovation of water filtration and softening processes is bringing lucrative opportunities in the global market. The ion exchange resins separate impurities from water and promote sustainability, attracting end users' demand. These resins are also suitable for effective bio-diesel filtration.
The cation exchange resins category is anticipated to secure 68% of the global ion exchange resins market share by 2033. Cationic exchange resins are employed in several end-use industries to treat salty water treatment. Surging end users' demand for cationic resins for water treatment is fueling the global market.
Rapid urbanization, growing population, and emerging advanced technologies contribute to the global market expansion. These resins are anticipated to rise across several sectors as the economies of Asia Pacific, the Middle East & Africa, and South America, among others.
The rising demand for ion exchange resins in power generation is fueling the global market. These resins are essential to remove toxic and hard water from components. Ion exchange resins can widely replace calcium ions and magnesium with sodium ions.
The power generation sector is estimated to account for 25.4% of the global market. Nuclear power plants are increasing the demand for ion exchange resins in the power generation sector on huge demand. These resins in steam generation, power generation, and consumption drives the global market. The rising demand for electricity and household consumption is surging the global market opportunities.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
China is estimated to secure a share of 7% in the global market by 2033. The rising demand for ion exchange resins in the mining and manufacturing sectors propels the global market. China is rich in several end-use industries that are expanding its position in the worldwide market. These end-use industries are mining, manufacturing, and electronics.
China is significantly driven by producing steel, lead, magnesium, aluminum, coal, and cement. The government of China imposed stringent regulations towards water pollution, increasing the adoption of ion exchange resins-China government initiative Water Pollution Prevention Law for treating polluted water by purification and filtration processes. Ion exchange resins are widely used in the institutional, commercial, and industrial sectors to fuel global market expansion.
The United States is anticipated to dominate, accounting for around 20% of the global market by 2033. The increasing adoption of ion exchange resins in nuclear power plants in chemical control systems is advancing the United States market.
These resins are easy to control chemicals and monitor to dissolve cooling circuits. The United States has more than 93 nuclear power plants that drive market growth significantly. Ion exchange resins are broad uses to treat water composed to reduce radioactive waste.
Environmental Protection Agency in the United States is focused on water quality. In the United States, around one-third of lakes and rivers, water are unsafe for drinking, fishing, and swimming, as per the study.
The United States government is focusing on establishing 16,000 wastewater treatments for drinking in the country. Water purification is a prior changing factor that the United States is continuously progressing.
The number of essential players highly fragments the global market. These players focus on developing cost-effective solutions to attract end users' needs. The growing alternative methods for distribution, such as the Internet of Things, are increasing the market presence. The market players heavily invest in research and development activities to innovate, high-quality, and reduce risk to workers and operational costs.
The increasing awareness of development initiatives and managing ores are contributing a significant role in the global market. Key companies focus on sustainability during manufacturing processes to satisfy end users' demands.
Several companies are playing a significant role in upsurging the global market. A few of these companies are as follows:
These leading companies are estimated to continue to fuel the global market revenue by 2033.
Recent Developments in the Global Market are:
| Company | DuPont |
|---|---|
| Year | 2021 |
| Description | DuPont announced its newly launched ion-exchange resin to enhance manufacturing processes. The company actively offer these resins for pharmaceutical goods including excipients and other ingredients. |
| Company | LANXESS |
|---|---|
| Year | 2020 |
| Description | LANXESS announced its water treatment technology to expand its business portfolio in ion exchange resins. The company offer its products to high-end applications. |
The global market's future is predicted with several challenges, crucial factors, advanced technologies, innovations, and global economic conditions. Numerous developments and trends are shaping the global market future as follows:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Region, Product Type, Application, End Use |
| Key Companies Profiled |
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. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The ion exchange resins market is estimated to secure a valuation of USD 2.37 billion in 2033.
The ion exchange resins market is anticipated to capture a CAGR of 4.9% by 2033.
The United States is estimated to dominate the ion exchange resins market.
Power generation sector is leading the ion exchange resins market.
Investing in research & development activities are bringing strategic growth in the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Cation Exchange Resins 5.2. Anion Exchange Resins 5.3. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Water 6.2. Non-water 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Power Generation 7.2. Food and Beverage 7.3. Electrical and Electronics 7.4. Pharmaceutical 7.5. Domestic and Waste Water Treatment 7.6. Paper and Pulp 7.7. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. The Dow Chemical Company 18.2. Lanxess AG 18.3. Purolite Corporation 18.4. Mitsubishi Chemical Holdings Corporation 18.5. Thermax Limited 18.6. Ion Exchange India Ltd 18.7. Samyang Holdings Corporation 18.8. Sunresin New Materials Co. Ltd 18.9. ResinTech Inc. 18.10. Jiangsu Suqing Water Treatment Engineering Group Co., Ltd. 18.11. Alfa Aesar 18.12. Novasep Holding 18.13. Bio-Rad Laboratories, Inc 18.14. Evoqua Water Technologies 19. Assumptions & Acronyms Used 20. Research Methodology
Chemicals & Materials
October 2022
REP-GB-154
250 pages
Explore Chemicals & Materials Insights
View Reports
Ion Exchange Resins Market
