USA: +1 347 690-0211 | UK: +44 2032 894158 | JAPAN: +81 50 5806 9039 | Translate : 

report img

Ion Exchange Resins Market By Type (Anionic Resins and Cationic Resins), By Application (Non-Water and Water), By End-User (Pharmaceutical, Power, Food & Beverage, and Chemical & Petrochemical), and By Region - Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022-2028

Covid-19

Global Ion Exchange Resins Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[211+ Pages Report] According to Facts and Factors, during the forecast period of 2022 to 2028, the global ion exchange resins market is estimated to develop at a compound annual growth rate (CAGR) of 4.2%. The global ion exchange resins market was worth USD 1.85 billion in 2021, and it is anticipated to exceed USD 2.8 billion by 2028. The study investigates several elements and their consequences on the growth of the global ion exchange resins market.

logoMarket Overview

Ion exchange resin is a polymer or resin that serves as an ion-exchange medium. Ion exchange resins are yellow or white in color and are primarily composed of monomers such as phenolic, acrylic, or styrene compounds that have been polymerized. These are small porous beads with a large surface area inside. These are primarily employed in separation, purification, and decontamination. There is a lot of potential for applications in industries like water treatment, power, chemicals & petrochemicals, pharmaceuticals, and so on. It is used in the pharmaceutical industry for the extraction and purification of enzymes, alkaloids, hormones, and viruses.

logoCOVID-19 Impact

Unfortunately, the COVID-19 pandemic has affected almost every country on the planet, necessitating measures such as lockdowns, a halt in economic activity, and temporary closures of production plants, all of which have had a significant impact on water treatment activities. This has had a negative impact on global demand for ion exchange resins. During the COVID-19 pandemic, demand for ion exchange resins fell due to the relatively low growth curve of their applications, which included chemicals, agriculture, petrochemicals, and electronics, among others.

Global Ion Exchange Resins Market

logo Growth Drivers

  • Rapid industrialization and wastewater recycling will drive market growth

The rise in industrialization in developing countries raises the demand for ion-exchange resins in a variety of applications, including the production of ultra-pure water in a variety of end-use industries such as gas turbine power and coal-fired power plants. To meet the requirements for safe drinking water, ion exchange resins conduct demineralization and water softening processes. Furthermore, the increasing relevance of using ion exchange resins for reusing and recycling wastewater in the power industry will increase the opportunities for the global ion exchange resin market to grow during the forecast period.

  • In the pharmaceutical industry, there is an increasing demand for ion-exchange resins

In the pharmaceutical industry, ion-exchange resins are used as inactive pharmaceutical components. One of the more inventive applications of ion-exchange resins is as taste-masking agents. They are widely used in oral sustained-release product lines, topical products for local skin application, as well as ophthalmic and nasal delivery. Increased expansion of ion-exchange resin production facilities will also drive industry growth.

logo Restraints

  • Rising environmental consequences will limit market growth

Ion-exchange resins cause calcium sulfate fouling, chlorine contamination, organic matter adsorption, and organic residues from the resin, bacterial contamination, iron fouling, & saltwater released into the atmosphere during ion exchange bed regeneration. The Environmental Protection Agency and the European Commission have even enacted stringent laws and regulations governing water treatment. Bacterial contamination is another significant environmental effect of ion-exchange polymers because cation exchange resins do not reduce contamination from feed water and have high operating costs. As a result, the rising use of ion-exchange resins will have an impact on market growth in the coming years.

logoSegmentation Analysis

The global ion exchange resins market is segmented on the basis of type, application, end-user, and region.

By type, the market is divided into anionic resins and cationic resins. The cationic resins segment dominated the market and is anticipated to continue throughout the forecast period. Cationic resins are used for highly saline water treatment, dealkalization, and demineralization in a variety of end-use industries. Asia Pacific region's rapid urbanization has increased the demand for cationic resins for water treatment applications.

By application, the market is divided into non-water and water. Ion exchange resins are widely used in water treatment processes such as demineralization, deionization, purification, separation, and decontamination. They play an important role in a variety of industries, including power and chemical & petrochemical, with power being one of the largest consumers of ion exchange resins. Various countries around the world are looking for more sustainable energy sources, such as nuclear power, and are taking initiatives to increase their capacity. During the forecast period, these trends will help boost the market for ion exchange resins.

By end-user, the market is divided into pharmaceutical, power, food & beverage, and chemical & petrochemical. The power industry held the largest share of the market and is rapidly expanding in emerging economies such as India, China, and the United Arab Emirates, fueling demand for ion exchange resins. Rapid growth in industries such as food & beverage, as well as chemicals & petrochemicals, is propelling the market for these resins even further.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 1.85 Billion

Projected Market Size in 2028

USD 2.8 Billion

CAGR Growth Rate

4.2% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Samyang, Suzhou Bojie, Zhejiang Zhengguang, Jiangsu Linhai Resin, Mitsubishi Chemical, Shanghai Resin, Wandong, Jiangsu Success, Dongyang Mingzhu, Finex Oy, Zibo Dongda Chem, Lanxess, Suqing Group (Former Jiangyin Organic Chemical Plant), Sunresin, Dow Chemical, The Chemical Plant Of Nankai University, Resintech, Hebi Juxing, Purolite, and Xian Dianli, among others

Key Segment

By Type, Application, End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

logoRegional Landscape

Asia Pacific region accounts for 43% of the global ion-exchange resin market. This is due to an increase in demand for portable electricity and water throughout the region as a result of environmental concerns. The region is expected to maintain its market dominance during the forecast period, owing to rising demand for ion-exchange resins in developing nations such as Japan, China, India, and South Korea. Because of the increasing growth of various end-use industries such as pharmaceuticals, energy generation, electronics, and others, China is expected to maintain its dominance in the ion-exchange resin market.

India and Taiwan are expected to expand their ion-exchange resin markets through increased investments in different end-use industries. Ion-exchange resin is used to remove chlorine, a radioactive element, and organic compounds from water, as well as for water softening and demineralization, which can then be used for a variety of industrial applications. As a result, the increasing use of ion-exchange resins in different end industries will drive market growth during the forecast period.

logoRecent Development

  • In 2021, 3M Health Care introduced the 3M Polisher ST, a single-use anion exchange chromatography solution intended to replace reusable polishing columns in biologic drug manufacturing.

logoCompetitive Players

Some of the global ion exchange resins market players are Samyang, Suzhou Bojie, Zhejiang Zhengguang, Jiangsu Linhai Resin, Mitsubishi Chemical, Shanghai Resin, Wandong, Jiangsu Success, Dongyang Mingzhu, Finex Oy, Zibo Dongda Chem, Lanxess, Suqing Group (Former Jiangyin Organic Chemical Plant), Sunresin, Dow Chemical, The Chemical Plant Of Nankai University, Resintech, Hebi Juxing, Purolite, and Xian Dianli.

The global ion exchange resins market is segmented as follows;  

logoBy Type Segment Analysis

  • Anionic Resins
  • Cationic Resins

logoBy Application Segment Analysis

  • Non-Water
  • Water

logoBy End-User Segment Analysis

  • Pharmaceutical
  • Power
  • Food & Beverage
  • Chemical & Petrochemical

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Ion Exchange Resins Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Samyang 
  • Suzhou Bojie 
  • Zhejiang Zhengguang 
  • Jiangsu Linhai Resin 
  • Mitsubishi Chemical 
  • Shanghai Resin 
  • Wandong 
  • Jiangsu Success 
  • Dongyang Mingzhu 
  • Finex Oy 
  • Zibo Dongda Chem 
  • Lanxess 
  • Suqing Group (Former Jiangyin Organic Chemical Plant) 
  • Sunresin 
  • Dow Chemical 
  • The Chemical Plant Of Nankai University 
  • Resintech 
  • Hebi Juxing 
  • Purolite 
  • Xian Dianli

Frequently Asked Questions

Growing demand for water treatment chemicals, combined with a substantial increase in the amount of waste generated by industry, is expected to drive ion exchange resin market growth. Increasing adoption of ion exchange resins by the energy and power generation industries, as well as the wastewater treatment process industries, is anticipated to drive the market for ion exchange resins in the near future.
According to the Facts & Factors report, the global ion exchange resins market was worth about 1.85 (USD billion) in 2021 and is predicted to grow to around 2.8 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 4.2%.
Asia Pacific region's ion exchange resins market is likely to account for the largest share and have the highest CAGR. The region's demand for ion exchange resins is being driven by the region's continuous increase in ion exchange resin production for use within the region and exports.
Some of the global ion exchange resins market players are Samyang, Suzhou Bojie, Zhejiang Zhengguang, Jiangsu Linhai Resin, Mitsubishi Chemical, Shanghai Resin, Wandong, Jiangsu Success, Dongyang Mingzhu, Finex Oy, Zibo Dongda Chem, Lanxess, Suqing Group (Former Jiangyin Organic Chemical Plant), Sunresin, Dow Chemical, The Chemical Plant Of Nankai University, Resintech, Hebi Juxing, Purolite, and Xian Dianli.
why choose fnf
key questions answers

Related Reports

report img

Quartz Market Report 2022 – 2028

[228+ Pages Report] According to Facts and Factors,the global quartz market was valued USD 8,535.5 million in 2021 and is predicted to increase at a CAGR of 6.9% to USD 11,947.91 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified i...

Published Date : 19-May-2022 | | Category : | Pages : 228 | Format : Read more

Inquiry for Buying Request Sample
report img

Propionic Acid Market Report 2022 – 2028

[214+ Pages Report] According to Facts and Factors, the global Propionic Acid market was valued at USD 1,482.2 million in 2021 and is predicted to increase at a CAGR of 3.3% to USD 1,801.4 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are cl...

Published Date : 19-May-2022 | | Category : | Pages : 214 | Format : Read more

Inquiry for Buying Request Sample