Ion Exchange Resins Market
Ion Exchange Resins Market was valued at USD 1,650 million in 2021 and is slated to register a single digit CAGR of 4.5% over the forecast period, reaching USD 2,346 million in 2029
The factors driving the growth of Ion Exchange Resins Market includes increasing application of Ion Exchange Resins in the end-use industries such as Food & Beverage, Pharmaceutical and Power, limited availability of ground water and rising concerns related to climate change around the world. According to the report published by United Nations Office for the Coordination of Humanitarian Affairs (OCHA), globally, the water consumption is projected to increase by 1% per year over the next 30 years and dependence on groundwater is estimated to rise during the same period due to climate, which will boost the market growth in the coming years. Moreover, the growing demand for nuclear energy, rise in the volume of waste generated by different industries and increasing investments by the industry players on Research and Development, are some of the additional factors supplementing the Ion Exchange Resins Market size. As per the Ion Exchange Resins Market Global Forecast, the growing population growth rates, rapid urbanization, rising disposable incomes and improvements in the living standards, are further contributing to the market growth.
Request a free sample of this report
However, the growth of Ion Exchange Resins Market is hindered due to fluctuations in the prices of raw materials.
The major players operating in the Ion Exchange Resins Market are Samyang Corporation, ResinTech Inc., Bio-Rad Laboratories, Inc., Novasep Holding, DuPont de Nemours, Inc., Lanxess Group, Purolite Corporation, lon Exchange (India) Limited, Mitsubishi Chemical Corporation and Thermax Limited, among others.
Type: Segment Analysis
Based on Type, the cationic resins segment is predicted to grow at a remarkable CAGR during the forecast period. The increasing application of Cationic exchange resins in demineralization and dealkalization and growing demand for potable water, are some of the factors responsible for the growth of the segment.
End-Use Industry: Segment Analysis
Based on End-Use Industry, the Power segment is anticipated to expand at a significant CAGR over the forecast period. The increasing use of ion exchange raisins in the power industry because it providers exceptional operating capacity and enhances the mechanical durability, are some of the features of ion exchange resins propelling the segment’s growth.
Regional: Segment Analysis
Based on Region, the Asia-Pacific region estimated to capture a sizeable market share during the forecast period. The rapid expansion in the Food and Beverage and Wastewater Treatment Industries, emerging need to re-use industrial wastewater growing consciousness amongst consumers about food safety and rise in per capita incomes, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Global Ion Exchange Resins Market by Type
- Cationic Resins
- Anionic Resins
- Others
Global Ion Exchange Resins Market by Application
- Water
- Non-Water
Global Ion Exchange Resins Market by End-Use Industry
- Power
- Chemical & Petrochemical
- Food & Beverage
- Pharmaceutical
- Electrical & Electronics
- Metal & Mining
- Others
Global Ion Exchange Resins Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
