Market Size of Ion Exchange Resin Industry
| 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
*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.
