Ion Exchange Resins Market Size to Surpass USD 2.1 billion by 2031 at 4.6% CAGR - Report by Transparency Market Research Inc.

News provided by

Dec 04, 2023, 06:46 ET

Ion exchange resins find applications in the energy industry, including nuclear power plants and the production of biofuels. The demand for alternative energy sources and the expansion of nuclear power generation are expected to propel the market growth.

WILMINGTON, Del., Dec. 4, 2023 /PRNewswire/ -- The global ion exchange resin market was estimated to have acquired US$ 1.4 billion in 2022. It is anticipated to register a 4.6% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 2.1 billion.

Ion exchange resins are used in waste treatment processes for the removal of heavy metals and other contaminants. The emphasis on waste recovery and recycling presents opportunities for the ion exchange resin market.

The development of customized and specialty ion exchange resins tailored to specific industrial processes and applications provides a niche market opportunity.

Request Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1076

Ion Exchange Resins Market Report Scope:

Report Coverage	Details
Forecast Period	2023-2031
Base Year	2020-2022
Size in 2022	US$ 1.4 Bn
Forecast (Value) in 2031	US$ 2.1 Bn
Growth Rate (CAGR)	4.6 %
No. of Pages	448 Page
Segments covered	Product, Application, End-user

Key Findings of Market Report

On the basis of product, the chelating resins segment is anticipated to lead the ion exchange resin market, owing to high demand in water treatment processes for the removal of heavy metals and trace elements.
In terms of application, the sugar refining segment is expected to dominate the market growth, attributed to increased demand for ion exchange resins in the sugar industry for the purification and decolorization of sugar solutions.
By end user, the pharmaceutical segment is expected to accelerate the demand for ion exchange resin, owing to growing demand for ion exchange resins in pharmaceutical manufacturing for drug purification and water treatment.

Trends For Ion Exchange Resin Market

The increasing demand for clean water for industrial and domestic purposes is driving the use of ion exchange resins in water treatment applications. The resins are effective in removing impurities and contaminants from water.
Rapid industrialization in emerging economies is leading to increased water pollution, necessitating the use of ion exchange resins for water purification in various industries such as power generation, chemicals, and pharmaceuticals.
Ion exchange resins are widely used in the food and beverage industry for processes such as sugar refining, sweetener production, and the treatment of beverages. The growth of this industry is contributing to the demand for ion exchange resins.
Ongoing research and development activities are leading to the development of improved ion exchange resin technologies, enhancing their efficiency and expanding their application areas.

Ask Expert for the Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=1076

Global Market for Ion Exchange Resin: Regional Outlook

Various reasons are propelling the growth of the ion exchange resin market in different regions. The regions include,

North America

The increasing need for efficient water and wastewater treatment solutions, driven by population growth, urbanization, and environmental concerns, is expected to stimulate the demand for ion exchange resins.
The diverse industrial base in North America, including the chemicals, pharmaceuticals, power generation, and electronics industries, creates a significant demand for ion exchange resins in various applications, such as process water treatment and purification.
Ongoing investments in upgrading and expanding water infrastructure, including treatment plants and distribution systems, is expected to accelerate the demand for ion exchange resins in North America.

Asia Pacific

The growth of the chemical and petrochemical industries in the region, particularly in countries like China, is expected to increase the demand for ion exchange resins for applications such as chemical processing and purification.
The expanding pharmaceutical and biotechnology sectors in Asia Pacific are anticipated to create sustained demand for ion exchange resins, particularly in applications related to drug manufacturing and purification processes.

Global Ion Exchange Resin Market: Key Players

The following companies are well known participants in the global ion exchange resin market:

Ionic Systems Ltd.
ResinTech, Inc.
Thermax Limited
Ion Exchange (India) Limited
Evoqua Water Technologies LLC
Eichrom Technologies, LLC
The Dow Chemical Company
Purolite
Lanxess AG
Mitsubishi Chemical Corporation
Novasep
Finex Oy

Recent Development:

Company name	Key Development
Lanxess AG	In 2023, Lanxess AG and TotalEnergies established a collaborative venture wherein TotalEnergies will produce styrene utilizing tall oil as a feedstock. The initiative aims to enhance sustainable manufacturing practices, reduce carbon footprint, and fortify the product portfolios of the company.
Purolite	In 2022, Purolite, a subsidiary of Ecolab and a leading supplier of synthetic and agarose based resins for bioprocessing, extended and renewed its agreement with Repligen Corporation. The deal encompasses the supply of five ligands and is set to continue until 2032.

Global Ion Exchange Resin Market Segmentation

Product

Adsorbent Resins
Chelating Resins
Strong Acid Cation Resins
Weak Acid Cation Resins
Strong Base Anion Resins
Weak Base Anion Resins
Mixed Bed Resins

Application

Sugar Refining
Liquid Glucose
Uranium Mining
Gold Mining
MTBE Catalysis
TAME
Bisphenol A
Industrial Water Treatment
Food & Beverages
Ultrapure Water
Pharmaceutical
Municipal Water Treatment
Water Softening
Others (Other Mining, Other Chemicals, etc.)

End User

Pharmaceutical
Industrial Water Treatment
Municipal Water Treatment
Mining
Electrical & Electronics
Power Generation
Nuclear Power
Food & Beverages
Chemical Production
Others (R&D, etc.)

Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Contact us for Special Discount and Pricing: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1076

More Trending Reports by Transparency Market Research –

Plastic-eating Bacteria Market- The global industry was valued at US$ 194.5 Thousand in 2021 and it is estimated to advance at a CAGR of 15.1% from 2022 to 2031 and reach US$ 771.5 Thousand by the end of 2031

Carbotanium Market- The global industry was valued at US$ 13.4 Mn in 2021 and it is estimated to advance at a CAGR of 16.0% from 2022 to 2031 and reach US$ 59.2 Mn by the end of 2031

Copper Market- The global copper market size stood at US$ 175.5 Bn in 2021 and it is estimated to grow at a CAGR of 4.6 % from 2022 to 2031 and reach US$ 278.1 Bn by the end of 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]