Ion-exchange resins Market

SKU: DMCH647 | Last Updated On: Sep 26 2022 | Available Formats

> Global Ion-exchange resins Market Expected to reach a high CAGR 4.95% By 2029 DataM Intelligence

The global Ion-exchange resins Market is segmented by Type  (Cationic resins, Anionic resins, and Others), by Application (Power, Water Treatment, Chemical, Pharmaceutical, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global "Ion-exchange Resins Market" is expected to grow with a high CAGR of 4.95% during the forecast period from (2022-2029).

  • Ion exchange is a reversible chemical reaction where dissolved ions are removed from the solution and replaced with other atoms of the same or similar electrical charge

  • . Ion Exchange resin is not a chemical reactant in and of itself. Ion Exchange resin is instead a physical medium that facilitates ion exchange reactions. The gum itself is composed of organic polymers that form a network of hydrocarbons.

  • Throughout the polymer matrix are ion-exchange sites, where so-called “functional groups” of either positively-charged ions (cations) or negatively-charged ions (anions) are affixed to the polymer network. These functional groups readily attractions of an opposing charge.

 

Metrics

Details

Market CAGR

4.95%

Segments Covered

By Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

To realize the suppositions considered for the review, Request for Free Sample Report Click Here

Market Dynamics

  • Ion-exchange resins are used in a wide variety of Industries for Water purification, Production of high-purity water. Increasing Industrialization is fuelling the demand for water treatment which requires ion-exchange resins.

  • Water contamination is an important issue globally, and new drinking water quality regulations have been introduced for contaminants such as disinfectant by-products, arsenic, nitrate, perchlorate, and uranium. Specialized Ion-exchange resins are crucial for the removal of these harmful substances.

  • In industrial and domestic applications, ion-exchange resins are used for the removal of calcium, magnesium, iron, and manganese salts from water, for purification of sugar, and the concentration of valuable elements, such as gold, silver, and uranium from mineral ores.

  • In chemical analysis, ion-exchange resins are used for the separation or concentration of ionic substances, and in chemical synthesis, some ion-exchange resins have been used as effective catalysts, notably in esterification and hydrolysis reactions. They are also used for the separation of trace amounts of metals.

  • The increasing popularity of Reverse osmosis which is another primary process for purification remains a challenge for the Ion-exchange resins market.

Industry Analysis

  • The global Ion-exchange resins Market is segmented by type and application. By Type, the market is segmented into Cationic resins, Anionic resins, and others such as chelating resins.

  • The cationic resins segment consists of strong and weak acid cationic acid resins whereas anionic resins include weak and robust base anionic resins.

  • The cationic segment accounted for the most significant share of the market because Strong acid cation (SAC) exchange resins are among the most widely used resins. Strong acid cation (SAC) exchange resins are used for softening applications, as they are effective at the complete removal of hardness ions such as magnesium (Mg+) or calcium (Ca2+). Weak acid cation (WAC) exchange resins are used for demineralization and dealkalization applications. The anionic resin segment had the second largest market share.

  • Anionic resins are used for demineralization, dealkalization, and desilication, as well as the removal of total organic carbon (TOC) or other organics. Other segment includes absorbent resin and chelating resins which are a type of specialty resins that are gaining tremendous traction. Chelating resins are used for the selective removal of certain metals and other substances. Other segments of the Ion-exchange resins Market are expected to grow at the fastest rate.

  • By application, Ion-exchange resins Market is segmented into Power, Water Treatment, Chemical, Pharmaceutical, and Others. The power and Water Treatment industry are the biggest consumers of Ion-exchange resins. Ion exchange resins provide a cost-effective and efficient method for creating and maintaining a continual supply of ultra-pure water which is an essential component of the power generation industry.

  • The power segment accounted for the largest share of the market. Ion-exchange resins are used in Industrial Water Treatment systems to operate the plant at peak efficiency and maximum cost-effectiveness. Industrialization and water scarcity are fuelling the demand for water treatment.

  • Water Treatment is expected to be the fastest-growing segment during the forecast period. In the chemical industry, they are used as a catalyst, for the separation of metals, brine purification or decalcification, and for the production and purification of chemical compounds ion-exchange resins are used in the Pharmaceutical industry due to their versatile properties as drug delivery vehicles. Among other applications, they are also used in Food & beverage industry and the metal industry.

Geographical Analysis

  • By region, the Global Ion-exchange resins market is segmented into North America, South America, Asia-pacific, Europe, and the Rest of the world.

  • The Asia-pacific region accounted for a significant share of the market due to massive industrial activity in the area. Increasing industrialization in the region is also leading to the need for wastewater treatment.

  • Demand for ion-exchange resins is expected to grow significantly in the Asia-pacific region due to the High need for wastewater treatment in China due to severe contamination issues. North America accounted for the second-largest share of the market due to stringent regulations regarding water treatment.

Manufacturers

  • Some of the major players in the Global Ion-exchange resins Market are Lanxess, The Dow Chemical Company, Mitsubishi Chemical Holdings, Thermax Global, Ion Exchange (India) Ltd, Purolite, Eichrom Technologies, Finex, Novasep, Samyang, and ResinTech Inc.

  • The companies operating in the Ion-exchange resins market are expanding their production capacity to meet the demand of the market.

  • In Nov 2018, Lanxess AG announced, that it is investing in its ion exchange resin production facility at Leverkusen, Germany. The company is optimizing its process technology and operating efficiency for a seven-figure-euro amount. The project is scheduled for completion in the first half of 2019.

Trending Topics

Epoxy Resins Market

Coating Resins Market

Coating Resins Market 

FAQ

What is the Growth Rate of the Ion-exchange Resins Market?

Grow with a high CAGR of 4.95% during the forecast period from (2022-2029).

Which Companies are Included in the Ion-exchange Resins Market?

Lanxess, The Dow Chemical Company, Mitsubishi Chemical Holdings, Thermax Global, Ion Exchange (India) Ltd, Purolite, Eichrom Technologies, Finex, Novasep, Samyang, and ResinTech Inc.

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest