Ion Exchange Resins Market by Type, By Application, By End-Use, By Region, Historical Trends (2018-2021), Forecasts and Industry Outlook (2022-2030)

Global Ion Exchange Resins Market- Description
Ion exchange is predominantly referred to as the procedure of interchanging ions between a solid and a liquid component. This method is reversible and is facilitated by Ion-exchange resins or polymers. These synthetically polymerized insoluble resins are empowered with the ability to remove harmful substances from liquids, specifically water, thereby replacing them with beneficial ions. The procedure is widely adopted for wastewater treatment, chemical synthesis, mining, manufacturing, agriculture, and food processing, among others.

Global Ion Exchange Resins Market- Overview
The global Ion exchange resins market is presently valued at USD 2.08 billion and is poised to reach a valuation of USD 2.89 billion in 2030, amplifying at a CAGR of 4.2% over the forecast duration of 2022-2030. The rising cognizance about water purification and growing health consciousness among the masses are primarily aiding the market outlook. Besides, surging need for continuous power supply, rise in mining activities, and prompt industrialization are positively swaying the industry dynamics.

Additionally, rigid regulations pertaining to water & wastewater treatment coupled with technological advancements in the field are creating lucrative opportunities for the market to prosper. Alongside, increase in the number of wastewater treatment units and economic developments across emerging nations are stimulating the overall industry outlook.

Additionally, growing pervasiveness of water-borne diseases and cost effectiveness of the Ion-exchange purification method are boosting the market progression. Also, the rising adoption of these resins in petroleum-based product manufacturing is augmenting the market outlook.

Download Sample copy of Ion Exchange Resins Market Research Report @ https://crediblemarkets.com/sample-request/ion-exchange-resins-market-819187

On the contrary, fluctuating prices of raw materials used in Ion-resin production is obstructing the remuneration scope of this industry vertical.

Global Ion exchange resins market- Key Trends
Escalating demand for Ion-exchange resins from food processing industry to drive market growth
There has been a widespread adoption of Ion-exchange resins in the food processing industry. These resins or polymers are predominantly used for water or juice purification, dealkalization, softening, along with the removal of pesticides and other contaminants from edible items. Further, they can also be utilized for decolorization of beverages like beer. Being a cost effective purification method, Ion-exchange is highly preferred in this industry, which in turn is fueling the overall market development.

Growing health consciousness of the masses to augment industry outlook
There has been a rising prevalence of water-borne and lifestyle diseases driven by increasing pollution levels, industrialization, and unhealthy lifestyle habits. This has created a primary need for everyone to consume purified water and food. Since, Ion exchange is regarded as one of the most effective and inexpensive method for water purification, it is being widely deployed in wastewater management plants across the globe.

Global Ion exchange resins market- Segmental Analysis
By Type
• Cationic Resins
• Anionic Resins
The cationic resins segment is expected to amass notable gains over 2022-2030 owing to its efficacy in purifying water containing high salinity.

By Application
• Water
• Non-Water
The water segment is slated to grow significantly over the forecast period due to the surging prevalence of water-borne diseases and rising incidences of water pollution driven by prompt industrialization.

By End-Use Industry
• Power
• Mining
• Food & Beverages
• Water & Wastewater Treatment
• Chemicals
• Electrical & Electronics
• Pharmaceuticals

The power segment is projected to showcase lucrative expansion trends over the estimated timeline. This is credited to the rising need for efficient power supply across the globe. Moreover, the growing use of renewable energy sources including water for generating electricity has necessitated the adoption of ideal water treatment techniques like the Ion-exchange purification method.

Global Ion exchange resins market- Geographical Landscape
Considering the geographical frame of reference, the business sphere is fragmented into North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia Pacific is slated to capture a substantial revenue share over 2022-2030 ascribing to a significant rise in water pollution levels, prompt urbanization, and presence of prominent industry participants.
Meanwhile, North America is predicted to showcase lucrative growth trends over the estimated timeline attributing to growing investments in the pharmaceutical sector, surging health cognizance among individuals along with the increasing pervasiveness of infectious and water-borne ailments.

Global Ion exchange resins market- Competitive Intelligence
The prominent players defining the competitive ambit of this industry vertical are Lanxess AG, Ion Exchange India Ltd., Jiangsu Suging Water Treatment Engineering Group Co., Ltd., The Dow Chemical Company, ResinTech, Inc., Sunresin New Materials Co. Ltd., Thermax Limited, Purolite Corporation, Mitsubishi Chemical Holdings Corporation, and Samyang Holdings Corporation.

Purchase Ion Exchange Resins Market Research Report @ https://crediblemarkets.com/reports/purchase/ion-exchange-resins-market-819187?utf8=%E2%9C%93&license_type=single_user

Notably, in 2020 Lanxess AG announced its new Ion-exchange resin range named Lewaitit PH 1074 HEP to enhance its product portfolio. This resin range is empowered with the ability to purify heparin, an anticoagulant used to prevent clot formation in blood vessels.

Report scope
Global Ion exchange resins market-
Historical years: 2018-2021
Global Ion exchange resins market-
Forecast Years: 2022-2030
Global Ion exchange resins market 2021- USD 2.08 billion
Global Ion exchange resins market 2030- USD 2.89 billion
Global Ion exchange resins market CAGR- 4.2%

Key segments reported-
• By Type (Cationic Resins and Anionic Resins)
• By Application (Water and Non-Water)
• By End-Use (Power, Mining, Food & Beverages, Chemicals, Water & Wastewater Treatment, Pharmaceuticals, and Electrical & Electronics)

Major regions and countries covered-
• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Italy, and Spain)
• Asia Pacific (India, China, Japan, South Korea, and Australia)
• South America (Mexico, Columbia, Brazil, and Argentina)
• Middle East & Africa (GCC, South Africa, and Egypt)

Major players profiled- Lanxess AG, Ion Exchange India Ltd., Jiangsu Suging Water Treatment Engineering Group Co., Ltd., The Dow Chemical Company, ResinTech, Inc., Sunresin New Materials Co. Ltd., Thermax Limited, Purolite Corporation, Mitsubishi Chemical Holdings Corporation, and Samyang Holdings Corporation

Contact Us:
Credible Markets Analytics
99 Wall Street 2124 New York, NY 10005
Contact No: +1(929)-450-2887
Email: sales@crediblemarkets.com

About US
Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.

This release was published on openPR.