Dublin, Oct. 28, 2024 (GLOBE NEWSWIRE) -- The "Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins), Application (Water, Non-Water), End-Use Industry (Power, Chemical & Petrochemical, Pharmaceutical, Food & Beverage), and Region- Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The Ion exchange resins market size is projected to grow from USD 2.13 billion in 2024 to USD 2.83 billion by 2030, registering a CAGR of 4.8% during the forecast period in terms of value.
The global ion exchange resins market is witnessing growth due to its versatile properties and it is also widely used in various industries due to its exceptional properties. Furthermore, ion exchange resins are required for the application in various end use industries like power, chemicals & petrochemicals, food & beverage, pharmaceuticals, fuels the need for ion exchange resins.
Electrical & Electronics end use industry is projected to be the fastest growing end use industry in terms of value
Electrical & Electronics is projected to be the fastest growing end use industry in the ion exchange resins market due to several factors. As electrical & electronics industry is among the fastest-growing industries that depend highly on high-purity raw materials and processes to ensure the reliability and performance of electronic components. Ion exchange resins are used to effectively remove impurities in the form of charged metal ions and organic contaminants that might be used in electronic devices. Examples include semiconductor manufacturing and circuit boards, in which ion-exchange resins provide the purities necessary for good conductivity and function of the semiconductors. They pretty well contribute to the reliability and life of electronic products because they ensure that electronic materials are free of contaminants. With the boom in superior electronic devices, exchange resins are found to play a vital role with regard to quality and efficiency in the manufacturing process.
Municipal water application accounted for the largest market share in water application in 2023 in terms of value
Municipal water application accounted for the largest market share in water application in 2023 in terms of value. The municipal water application segment of the ion exchange resins market is crucial in ensuring clean, safe, and high-quality water is delivered to the public systems. In municipal water treatment facilities, the principal applications of ion exchange resins are water softening and deionization. Water softening entails the removal of calcium and magnesium ions that cause hardness by replacing them with sodium ions, which inhibits scale formation and prolongs the service life of plumbing and appliances. On the other hand, deionization pertains to removing all ionic contaminants using the mixed application of cation and anion exchange resins, imparting ultrapure water for critical applications.
Competitive Landscape
The Ion exchange resins market comprises major players such as DuPont de Nemours, Lanxess (Germany), Mitsubishi Chemical Group Corporation (Japan), Samyang Corporation (South Korea), Ecolab (US), Jacobi Resins (Sweden), Ovivo (Canada), IEI (India), Thermax Limited (India), and Sunresin New Materials Co.Ltd. (China). The study includes in-depth competitive analysis of these key players in the ion exchange resins market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This report segments the market for ion exchange resins market on the basis of type, application, end use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for ion exchange resins market.
The report provides insights on the following:
- Market Penetration: Comprehensive information on the ion exchange resins market offered by top players in the global ion exchange resins market.
- Analysis of drivers: (Growing urban population in Asia Pacific region, Increasing demand for nuclear power in emerging economies, Stringent water treatment regulations) restraints (Volatility in price of raw materials, Increasing competition from reverse osmosis membrane technology), opportunities (Growing industrialization in emerging economies, increasing importance of recycle and reuse of water) and challenges (Finding new applications for ion exchange resins, Lack of strict regulations in developing regions)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the ion exchange resins market.
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for ion exchange resins market across regions.
- Market Capacity: Production capacities of companies producing ion exchange resins are provided wherever available with upcoming capacities for the ion exchange resins market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the ion exchange resins market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 268 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $2.13 Billion |
| Forecasted Market Value (USD) by 2030 | $2.83 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Ion Exchange Resins Market
4.2 Ion Exchange Resins Market, by Type
4.3 Ion Exchange Resins Market, by Application
4.4 Ion Exchange Resins Market, by End-use Industry
4.5 Ion Exchange Resins Market, by End-use Industry and Region
4.6 Ion Exchange Resins Market, by Key Countries
5 Market Overview
5.1 Introduction
5.2 Impact of AI/Generative AI
5.3 Market Dynamics
5.3.1 Drivers
- Growing Urban Population in Asia-Pacific
- Increasing Demand for Nuclear Power in Emerging Economies
- Stringent Water Treatment Regulations in US and Europe
5.3.2 Restraints
- Volatile Raw Material Prices
- Increasing Competition from Reverse Osmosis Membrane and Other Emerging Technologies
5.3.3 Opportunities
- Growing Industrialization in Emerging Economies
- Increasing Importance of Recycling and Re-Use of Water
5.3.4 Challenges
- Finding New Applications for Ion Exchange Resins
- Lack of Strict Regulations in Emerging Economies
5.4 Porter's Five Forces Analysis
5.5 Key Stakeholders and Buying Criteria
5.6 Value Chain Analysis
5.7 Macroeconomic Outlook
5.8 Ecosystem Analysis
5.9 Case Study Analysis
- Hellenic Petroleum SA's Use of Dupont Amberlite Resins
- Chlor-Alkali Brine Purification at Coogee Chemicals in Lytton, Australia
- Reducing Costs and Treating Hardness in Drinking Water with Purolite's Ion Exchange Resins
5.10 Regulatory Landscape
5.11 Technology Analysis
5.12 Trends/Disruptions Impacting Customer Business
5.13 Trade Analysis
5.14 Key Conferences and Events, 2024-2025
5.15 Pricing Analysis
5.16 Investment and Funding Scenario
5.17 Patent Analysis
6 Ion Exchange Resins Market, by Type
6.1 Introduction
6.2 Cationic Resins
6.2.1 Extensive Utilization of Cationic Resins in Water Treatment Applications to Drive Growth
6.3 Anionic Resins
6.3.1 Effectiveness in Removing Negatively Charged Ions from Solutions to Drive Growth
6.4 Other Types
7 Ion Exchange Resins Market, by Application
7.1 Introduction
7.2 Water
7.2.1 Growth in Various End-use Industries to Drive Market
7.3 Non-Water
7.3.1 Pharmaceuticals and Chemicals & Petrochemicals Industries to Drive Growth
8 Ion Exchange Resins Market, by End-use Industry
9 Ion Exchange Resins Market, by Region
10 Competitive Landscape
11 Company Profiles
11.1 Key Players
- Dupont De Nemours, Inc.
- Lanxess
- Ecolab (Purolite)
- Mitsubishi Chemical Group Corporation
- Samyang Corporation
- Ion Exchange India (Iei)
- Jacobi Resins
- Thermax Limited.
- Ovivo
- Sunresin New Materials Co. Ltd.
11.2 Other Players
- Resintech, Inc.
- Evoqua Water Technologies LLC
- Aldex Chemical Company, Ltd.
- GFS Chemicals, Inc.
- Suqing Group
- Applexion
- Anhui Sanxing Resin Technology Co. Ltd.
- Resindion S.R.L.
- Kovalus Separation Solutions
- Acuro Organics Limited
- Western Carbon & Chemicals
- Doshion Polyscience Pvt. Ltd.
- Aquafilsep
- Graver Technologies
- Hydroflux
For more information about this report visit https://www.researchandmarkets.com/r/dfr5kq
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