Ion Exchange Resins Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Ion Exchange Resin Manufacturers and the market is Segmented by type (commodity resins and specialty resins), application (pharmaceutical, food and beverage, water treatment, mining and metallurgy, chemical processing, power, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for the Ion Exchange Resin Market are provided in terms of Revenue (USD million) for all the above segments.

Ion Exchange Resin Market Size

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Ion Exchange Resin Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.62 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Ion Exchange Resin Market

*Disclaimer: Major Players sorted in no particular order

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Ion Exchange Resin Market Analysis

The Ion Exchange Resin Market size is expected to grow from USD 1.27 billion in 2023 to USD 1.59 billion by 2028, at a CAGR of 4.62% during the forecast period (2023-2028).

The market was negatively impacted due to COVID-19. Owing to the pandemic, several countries worldwide went into lockdown to curb the spread of the virus. The shutdown of numerous companies and factories disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales. Currently, the market recovered from the COVID-19 pandemic and is increasing significantly.

  • Over the medium term, the major factors driving the market's growth are the growing water treatment industry and the increasing demand for ultra-pure water from the electronics or pharmaceutical industry.
  • Conversely, bacterial contamination caused by ion exchange resins will likely hinder the studied market's growth.
  • Growing demand for fuel cells is expected to offer growth opportunities to the market studied.
  • Asia-Pacific dominated the market, with the largest consumption coming from China and India. Also, Asia-Pacific will likely register the fastest growth rate during the forecast period.

Ion Exchange Resin Market Trends

Water Treatment Segment to Drive the Market

  • Ion exchange resins are commonly used as a water treatment agent to remove trace metal ions, organic compounds, and pollutants from water.
  • Water treatment applications are increasing lately, owing to the strong demand for freshwater resources. Water recycling is a multi-stage process in wastewater treatment plants. The ion exchange treatment process is commonly used for water softening or demineralization. It is also used for removing other substances from water in processes such as de-alkalization, de-ionization, and disinfection. These are used for both industrial and municipal purposes.
  • Recently, ion exchange resins is increasingly used to create drinking water. Specialized resins are designed to treat various contaminants, including perchlorate and uranium.
  • Many resins, such as strong base/strong anion resin, are designed to remove nitrates and perchlorate. There are also resin beads that can be used for water softening.
  • Resin materials contain a finite exchange capacity. Each of the individual exchange sites will become full with prolonged use. When it is impossible to exchange ions, the resin must be recharged or regenerated to restore it to its initial condition. The substances used for this include sodium chloride, hydrochloric acid, sulfuric acid, or sodium hydroxide.
  • The spent regenerant is the primary substance remaining from the process. It contains not only all the ions removed but also extra regenerations with high total dissolved solids. It can be treated in a municipal wastewater facility, while discharges may require monitoring.
  • The efficacy of ion exchange for water treatment can be limited by mineral scaling, surface clogging, and other issues contributing to resin fouling. Pretreatment processes such as filtration or adding chemicals can help reduce or prevent these issues.
  • Germany includes Europe's largest industrial wastewater treatment market, with almost 3,000 treatment plants. Over 920 million cubic meters of industrial wastewater are treated annually in the country before being discharged to the outside environment.
  • The North American water and wastewater treatment market is also rapidly growing due to the high demand for treated water from the beverage and pharmaceutical industries in countries such as the United States. Expansion of the Lakeshore Wastewater Treatment Plant, a USD 43 million project, entails the development of a wastewater treatment plant in Ontario, Canada. Construction began in Q4 2021 and is expected to complete in Q2 2023. The project aims to address the region's wastewater and sewage needs. The project is expected to increase the capacity by 70%.
  • With the increasing need for water treatment globally, the demand for ion exchange resins is projected to grow through the forecast period.
Ion Exchange Resin Market: Swachh Bharat Mission-Urban 2.0 Component Wise Fund Allocation, INR Crores, India, 2022

Asia-pacific to Dominate the Market

  • Asia-Pacific is expected to dominate the global ion exchange resin market during the forecast period.
  • China exports ion exchange resin mainly to the United States and is the largest exporter globally. In China, the demand for ion exchange resins for the applications in water treatment applications is growing at a fast pace. The increasing demand for purer and cleaner resins for usage in food and beverages, chemical, pharmaceutical, and power industries and companies investing in technology and R&D shall augment the market growth.
  • In the Asia-Pacific region, China is the largest water consumer country. It contains 10,113 water treatment plants that treat wastewater for 95% of municipalities and 30% of rural areas. Moreover, China plans to build or renovate 80,000 km of sewage collection pipeline networks and increase sewage treatment capacity by 20 million cubic meters/day between 2021-2025.
  • In the 14th Five-year Plan, China published new guidelines for wastewater reuse, which mandated increasing the proportion of sewage. It must be treated to reuse standards to 25% by 2025.
  • Furthermore, India is among the largest water consumers in the world and needs around 740 billion cubic meters of water per year to meet the demand. However, depleting groundwater and increasing water demand are driving the dependency on water treatment in the country.
  • In South Korea, in February 2023, SK Ecoplant Co. announced the expansion of its portfolio in the water industry through localizing core technology to produce ultrapure water. The company signed an R&D agreement with Sepratek, a Korean company specializing in membrane manufacturing and processes, to invest in core technologies for ultrapure water (UPW).
  • The above factors are expected to drive the demand for Ion-exchange resins in the Asia-Pacific region during the forecast period.
Ion Exchange Resin Market - Growth Rate by Region

Ion Exchange Resin Industry Overview

The ion exchange resin market is consolidated, with top players accounting for a major global market share. Some prominent players in the market include DuPont, LANXESS, Ecolab, Mitsubishi Chemical Corporation, and Jacobi Carbons Group, among others.

Ion Exchange Resin Market Leaders

  1. DuPont

  2. LANXESS

  3. Mitsubishi Chemical Corporation

  4. Jacobi Carbons Group

  5. Ecolab

*Disclaimer: Major Players sorted in no particular order

Ion Exchange Resin Market Concentration
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Ion Exchange Resin Market News

  • January 2023: Lanxess AG and TotalEnergies formed a partnership in which TotalEnergies will make styrene using tall oil as feedstock. It will account for sustainable manufacturing of respective products and lowering carbon footprint. Through the block, the company strengthens its product portfolio.
  • November 2022: Purolite, an Ecolab company and a prominent provider of synthetic and agarose-based resins used in bioprocessing, renewed and extended its deal with Repligen Corporation to supply five ligands until 2032.

Ion Exchange Resin Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand For Ultra Pure Water From Electronics Or Pharmaceutical Industry

      2. 4.1.2 Growing Wastewater Treatment Industry

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Bacterial Contamination Caused by Ion Exchange Resins

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Type

      1. 5.1.1 Commodity Resins

      2. 5.1.2 Specialty Resins

    2. 5.2 Application

      1. 5.2.1 Pharmaceutical

      2. 5.2.2 Food and Beverage

      3. 5.2.3 Water Treatment

      4. 5.2.4 Mining and Metallurgy

      5. 5.2.5 Chemical Processing

      6. 5.2.6 Power

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Anhui Samsung Resin Co. Ltd

      2. 6.4.2 Bio-rad Laboratories Inc.

      3. 6.4.3 Doshion Polyscience Pvt. Ltd

      4. 6.4.4 Dupont

      5. 6.4.5 Ecolab

      6. 6.4.6 Eichrom Technologies Llc

      7. 6.4.7 Evoqua Water Technologies Llc

      8. 6.4.8 Ion Exchange (India) Ltd

      9. 6.4.9 Jacobi Carbons Group

      10. 6.4.10 Lanxess

      11. 6.4.11 Mitsubishi Chemical Corporation

      12. 6.4.12 Novasep

      13. 6.4.13 Protech Water India

      14. 6.4.14 Pure Resin Co. Ltd

      15. 6.4.15 Resintech Inc.

      16. 6.4.16 Samyang Corporation

      17. 6.4.17 Sunresin New Materials Co. Ltd

      18. 6.4.18 Suqing Group

      19. 6.4.19 Suzhou Bojie Resin Technology Co. Ltd

      20. 6.4.20 Thermax Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand For Fuel Cells

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Ion Exchange Resin Industry Segmentation

Ion exchange resins are insoluble polymers comprising cross-linked polystyrene and side chains of ion-active groups. Their physical and chemical properties can be transformed based on specific applications. However, the two most common ion exchange resins are cation and anion exchange resins. Ion exchange resins include various applications, like demineralization, impurity removal from water and other solutions, biodiesel filtration, and many others.

Ion Exchange Resin Market is segmented by product type, application, and geography. The market is segmented by product type into Commodity Resins and Specialty Resins. The market is segmented by application into pharmaceuticals, food and beverages, water treatment, mining and metallurgy, chemical processing, power, and other applications. The report also covers the market size and forecasts for the Ion Exchange Resin market in 15 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD).

Type
Commodity Resins
Specialty Resins
Application
Pharmaceutical
Food and Beverage
Water Treatment
Mining and Metallurgy
Chemical Processing
Power
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Ion Exchange Resin Market Research FAQs

The Ion Exchange Resin Market is projected to register a CAGR of 4.62% during the forecast period (2024-2029)

DuPont, LANXESS, Mitsubishi Chemical Corporation, Jacobi Carbons Group and Ecolab are the major companies operating in the Ion Exchange Resin Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Ion Exchange Resin Market.

The report covers the Ion Exchange Resin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ion Exchange Resin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Ion Exchange Resins Industry Report

Statistics for the 2024 Ion Exchange Resins market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ion Exchange Resins analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Ion Exchange Resins Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)