Ion Exchange Resins Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Cation Exchange Resins, Anion Exchange Resins, Chelating Resins), By End-User Industry (Industrial Water Treatment, Food And Beverages, Oil And Gas, Energy And Power, Chemical, Healthcare), And By Geography - Forecasts From 2019 To 2024

The ion exchange resins market is projected to grow at a CAGR of 3.22% to reach US$1,194.031 million by 2024, from US$987.212 million in 2018. Ion exchange resins are widely used in the water treatment process that includes water softening or demineralization. They are also used to remove other substances from the water during processes such as dealkalization, deionization, and disinfection. The burgeoning population across the globe is leading to an increased demand for water among the population that, in turn, is boosting the ion-exchange resins market. Growing investments in the wastewater treatment plants in especially emerging economies, in order to keep pace with the rising consumption of water, is significantly driving the ion-exchange resin market growth. Moreover, their increasing use in food and beverage processing is augmenting the demand across the sector. Therefore, the market is poised to grow at a substantial rate on account of the rising need to provide potable drinking water and food to the growing population.

DRIVERS

Burgeoning population across the globe

Investments in new water treatment plants in emerging economies

RESTRAINTS

Presence of alternative water treatment technologies.

INDUSTRY UPDATE

 In March 2019, Bee’ah announced the launch of its innovative industrial wastewater treatment plant in Sharjah.

 In November 2018, LANXESS invested in the production of ion-exchange resins in Leverkusen, Germany.

The major players profiled in the ion exchange resins market include DuPont and Dow, Thermax Global, LANXESS, Purolite, Mitsubishi Chemical Corporation, Evoqua Water Treatment Technologies GmbH, ResinTech Inc., Fluid Systems, Doshion, Merck KGaA, and Jurby Watertech.

Ion Exchange Resins Market Scope:

Segmentation

The ion exchange resins market has been analyzed through the following segments:

By Type

Cation exchange resins

Anion exchange resins

Chelating resins

By End-User Industry

Industrial Water Treatment

Food and Beverages

Oil and Gas

Energy and Power

Chemical

Healthcare         

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

India

Others

Frequently Asked Questions (FAQs)

Q1. What will be the ion exchange resins market size by 2024?
A1. The ion exchange resins market is projected to reach a total market size of US$1,194.031 million by 2024. 

Q2. What is the size of the global ion exchange resins market?
A2. Ion Exchange Resins Market was valued at US$987.212 million in 2018. 

Q3. What are the growth prospects for the ion exchange resins market?
A3. The global ion exchange resins market is projected to grow at a CAGR of 3.22% during the forecast period. 

Q4. Who are the major players in the ion exchange resins market?
A4. The major players profiled in the ion exchange resins market include DuPont and Dow, Thermax Global, LANXESS, Purolite, Mitsubishi Chemical Corporation, Evoqua Water Treatment Technologies GmbH, ResinTech Inc., Fluid Systems, Doshion, Merck KGaA, and Jurby Watertech. 

Q5. What factors are anticipated to drive the ion exchange resins market growth?
A5. The burgeoning population across the globe is leading to an increased demand for water among the population that, in turn, is boosting the ion-exchange resins market.