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 dimeralization. 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 rising need to provide potable drinking water and food to the growing population.
Burgeoning population across the globe
Investments in new water treatment plants in emerging economies
Presence of alternative water treatment technologies.
In March 2019, Bee’ah announced the launch of its innovative industrial waste water treatment plant in Sharjah.
In November 2018, LANXESS invested in the production for 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.
The ion exchange resins market has been analyzed through the following segments:
Cation exchange resins
Anion exchange resins
By End-User Industry
Industrial Water Treatment
Food and Beverages
Oil and Gas
Energy and Power
Middle East and Africa