The scarcity of freshwater and rigorous regulations for water conservation is propelling the growth of the ion exchange resin market.
Market Size - USD 1.35 Billion in 2019, Market Growth - CAGR of 4.8%, Market Trends - Product launches and research for advanced technological development.
The Global Ion Exchange Resin Market size is projected to reach USD 1.97 billion from USD 1.35 billion in 2019, delivering a CAGR of 4.8% by 2027. The market growth is driven by growing demand for ion exchange resins for the purification and softening of water applications across various end-use industries, including food & beverage, wastewater treatment, chemical processing, electronics, mining, power generation, pharmaceuticals, and others.
Ion exchange resins are porous materials that act as a medium for ion exchange. These resins or polymers have the capacity to eliminate chlorine, organic mixtures, and radioactive elements, such as lanthanum and uranium, making it ideal for extensive purification applications. The most common applications include water purification and water softening.
Technological advancement and increasing efficiency of ion exchange polymers, along with growing consumer preference for ion exchange resins over conventional resins, will boost the market growth. Moreover, the decreasing availability of freshwater and growing awareness pertaining to water conservation will supplement the ion exchange resins market revenue share through 2027.
Key findings from the report
Segments covered in the study:
This report about the global ion exchange resin market forecasts revenue growth at the global, regional, and country level to provide an analysis of industry trends in each segment and sub-segment from 2017 to 2027. For the purpose of this study, the market is segmented on the basis of type, application, end-use industry, and regions:
Type Outlook (Revenue in USD Million; 2017-2027)
Application Outlook (Revenue in USD Million; 2017-2027)
End-Use Industry Outlook (Revenue in USD Million; 2017-2027)
Regional Outlook (Revenue in USD Million; 2017-2027)
Reasons to Buy the Report
Market Size - USD 1.35 Billion in 2019, Market Growth - CAGR of 4.8%, Market Trends - Product launches and research for advanced technological development.
The Global Ion Exchange Resin Market size is projected to reach USD 1.97 billion from USD 1.35 billion in 2019, delivering a CAGR of 4.8% by 2027. The market growth is driven by growing demand for ion exchange resins for the purification and softening of water applications across various end-use industries, including food & beverage, wastewater treatment, chemical processing, electronics, mining, power generation, pharmaceuticals, and others.
Ion exchange resins are porous materials that act as a medium for ion exchange. These resins or polymers have the capacity to eliminate chlorine, organic mixtures, and radioactive elements, such as lanthanum and uranium, making it ideal for extensive purification applications. The most common applications include water purification and water softening.
Technological advancement and increasing efficiency of ion exchange polymers, along with growing consumer preference for ion exchange resins over conventional resins, will boost the market growth. Moreover, the decreasing availability of freshwater and growing awareness pertaining to water conservation will supplement the ion exchange resins market revenue share through 2027.
Key findings from the report
- Nearly 33% of the global population faces severe to moderate water shortage. Estimates suggest that 4.5 billion people will have to resort to the consumption of polluted water resources due to scarcity of freshwater by 2026.
- Currently, only 60% of the industrial wastewater is treated, while 40% of this treated water does not conform to set standards. The situation is excessively strict in the case of sewage treatment globally, as urban areas have the capacity to treat only 37% of the sewage generated. It is likely to fuel the demand for the ion exchange resin market over the forecast period.
- Based on type, the cationic resin segment accounted for the largest market share in 2019 and is estimated to witness a notable growth rate of 5% through the forecast period.
- In terms of end-use, the power segment is forecast to account for approximately 47.6% of the global ion exchange resin market share through 2027 on account of the rising number of nuclear power plants in various countries and stringent environmental regulations for water treatment in industries.
- The water treatment segment is estimated to create huge demand for ion exchange resins in the coming years on account of growing concern for sanitation and clean & water for drinking.
- In the regional landscape, Asia Pacific is anticipated to be the fastest-growing region with a CAGR of 5.6% on account of massive qualitative and quantitative potential offered by developing countries, including China and India.
- In 2019, North America accounted for around 37.7% of the ion exchange resin market share and is set to witness significant gains over the forecast period due to technological progression and new product launches in the region.
- Europe is estimated to account for 30.1% of the ion exchange resin market over the forecast period.
- Key players operating in the global ion exchange resin market are DowDuPont Inc. (U.S.), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (U.S), LANXESS AG (Germany), Thermax Ltd. (India), Ion Exchange (India) Ltd. (India), and Resin Tech Inc., among others.
Segments covered in the study:
This report about the global ion exchange resin market forecasts revenue growth at the global, regional, and country level to provide an analysis of industry trends in each segment and sub-segment from 2017 to 2027. For the purpose of this study, the market is segmented on the basis of type, application, end-use industry, and regions:
Type Outlook (Revenue in USD Million; 2017-2027)
- Cationic Resins
- Anionic Resins
- Others
Application Outlook (Revenue in USD Million; 2017-2027)
- Water softening
- Water purification
- Metal purification
- Purification of antibiotics
- Catalysis
- Other
End-Use Industry Outlook (Revenue in USD Million; 2017-2027)
- Power
- Chemical & Petrochemical
- Water & Wastewater Treatment
- Food & Beverage
- Pharmaceutical
- Electrical & Electronics
- Metal & Mining
- Others
Regional Outlook (Revenue in USD Million; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Ion Exchange Resin Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Ion Exchange Resin market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Global Ion Exchange Resin Market Segmentation & Impact Analysis
Chapter 5. Global Ion Exchange Resin Market by Product Type Insights & Trends
Chapter 6. Global Ion Exchange Resin Market by Applications & Trends
Chapter 7. Global Ion Exchange Resin Market by End Users & Trends
Chapter 8. Global Bioplastic Packages Market; Regional outlook
Chapter 9. Competitive Landscape
Chapter 10. Vendor Landscape Company Profiles
Companies Mentioned
- DowDuPont Inc. (US)
- Purolite Corporation (US)
- Mitsubishi Chemical Corporation (Japan)
- LANXESS AG (Germany)
- Ion Exchange (India) Ltd. (India)
- Thermax Ltd. (India)
- Resin Tech Inc.
