Ion Exchange Resins Market is projected to touch USD 2,346 million in 2029, registering 4.5% CAGR during 2022-2029 | Size, Share, Trends & Forecast

Ion Exchange Resins Market was valued at USD 1,650 million in 2021 and is slated to register a single digit CAGR of 4.5% over the forecast period, reaching USD 2,346 million in 2029

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The factors driving the growth of Ion Exchange Resins Market includes increasing application of Ion Exchange Resins in the end-use industries such as Food & Beverage, Pharmaceutical and Power, limited availability of ground water and rising concerns related to climate change around the world. According to the report published by United Nations Office for the Coordination of Humanitarian Affairs (OCHA), globally, the water consumption is projected to increase by 1% per year over the next 30 years and dependence on groundwater is estimated to rise during the same period due to climate, which will boost the market growth in the coming years. Moreover, the growing demand for nuclear energy, rise in the volume of waste generated by different industries and increasing investments by the industry players on Research and Development, are some of the additional factors supplementing the Ion Exchange Resins Market size. As per the Ion Exchange Resins Market Global Forecast, the growing population growth rates, rapid urbanization, rising disposable incomes and improvements in the living standards, are further contributing to the market growth.

However, the growth of Ion Exchange Resins Market is hindered due to fluctuations in the prices of raw materials.

The major players operating in the Ion Exchange Resins Market are Samyang Corporation, ResinTech Inc., Bio-Rad Laboratories, Inc., Novasep Holding, DuPont de Nemours, Inc., Lanxess Group, Purolite Corporation, lon Exchange (India) Limited, Mitsubishi Chemical Corporation and Thermax Limited, among others.

Type: Segment Analysis

Based on Type, the cationic resins segment is predicted to grow at a remarkable CAGR during the forecast period. The increasing application of Cationic exchange resins in demineralization and dealkalization and growing demand for potable water, are some of the factors responsible for the growth of the segment.

End-Use Industry: Segment Analysis

Based on End-Use Industry, the Power segment is anticipated to expand at a significant CAGR over the forecast period. The increasing use of ion exchange raisins in the power industry because it providers exceptional operating capacity and enhances the mechanical durability, are some of the features of ion exchange resins propelling the segment's growth.

Regional: Segment Analysis

Based on Region, the Asia-Pacific region estimated to capture a sizeable market share during the forecast period. The rapid expansion in the Food and Beverage and Wastewater Treatment Industries, emerging need to re-use industrial wastewater growing consciousness amongst consumers about food safety and rise in per capita incomes, are some of the important factors augmenting the market growth in Asia-Pacific region.

Market Segmentation

Global Ion Exchange Resins Market by Type

Cationic Resins
Anionic Resins
Others

Global Ion Exchange Resins Market by Application

Water
Non-Water

Global Ion Exchange Resins Market by End-Use Industry

Power
Chemical & Petrochemical
Food & Beverage
Pharmaceutical
Electrical & Electronics
Metal & Mining
Others

Global Ion Exchange Resins Market by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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