Ion Exchange Resins Market to Record Growth at a CAGR of 4.2% During 2022 to 2030

The global ion exchange resins market reached USD 2.2 billion with a CAGR of 4.2% by 2030 during the forecast period. The ion exchange resins are the polymers that perform the ion exchanges and facilitate the exchange reactions and are not chemical reactants on themselves. The water treatment procedures and industrial water purification purposes utilizes the ion exchange resins which remove the chlorine and other organic compounds. The major driver for the growth of ion exchange resins market was the increase in the demand of energy and water for the industrial purposes.

The overall growth of the ion exchange resins market was propel by the manufacturing of drug and water recycling procedures which are gaining the momentum in the recent times. During the forecast period, the growth of the global ion exchange resins market was propelled by the various applications such as metal finishing, sugar and sweetener production activities and food processing. During the COVID-19 pandemic, the global ion exchange resins market was unaffected. The ion exchange resins are used in various types of end use industry because of cost-effectiveness, less generation of the waste, and surging demand.

The industries bring new products to the industry which are safer in work for personnel and environment. There are various factors which are considered as the major drivers for the growth of ion exchange resins market such as chemical industry, food & beverage industry, water treatment industry and industrial water treatment plants. In residential and commercial applications, the reverse osmosis and water purification techniques are adapted more in numbers.

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During the forecast period, the ion exchange resins industry growth was promoted by the development in the power from renewable sources such as hydropower, biogas and wind energy. The major restraint for the growth of the global ion exchange resins market was the contamination of the ion exchange resins and the waste which was generated during the processes.

Market Segmentation

The global ion exchange resins market was segmented on the basis of type, raw material, end use industry and matrix structure.

On the basis of type, the global ion exchange resins market was divided into Chelating Resins, Cation Exchange Resins and Anion Exchange Resins.

On the basis of raw material, the global ion exchange resins market was divided into Cross Linked Polystyrene and Polystyrene Copolymer.

On the basis of end use industry, the global ion exchange resins market was divided into Metallurgy and Water Treatment.

On the basis of matrix structure, the global ion exchange resins market was divided into Gel and Porous Beads.

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Regional Classification

The global ion exchange resins market was spread in the following regions – North America, Asia-Pacific and Rest of the World.

Key Players

The key players involved in the global ion exchange resins market are – Novasep Holding (France), DuPont de Nemours Inc. (US), Samyang Corporation (South Korea), Lanxess (Germany), ResinTech Inc. (US), Purolite Corporation (US), Sunresin New Materials Co. Ltd (China), Mitsubishi Chemical Corporation (Japan), Bio-Rad Laboratories Inc. (US), Thermax Limited (India), and Ion Exchange (India).

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