Ion Exchange Resins Market Forecast Report to 2030, Featuring Case Studies for Hellenic Petroleum, Coogee Chemicals and Purolite

Ion Exchange Resins Market

Dublin, Oct. 28, 2024 (GLOBE NEWSWIRE) -- The "Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins), Application (Water, Non-Water), End-Use Industry (Power, Chemical & Petrochemical, Pharmaceutical, Food & Beverage), and Region- Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.The Ion exchange resins market size is projected to grow from USD 2.13 billion in 2024 to USD 2.83 billion by 2030, registering a CAGR of 4.8% during the forecast period in terms of value.

The global ion exchange resins market is witnessing growth due to its versatile properties and it is also widely used in various industries due to its exceptional properties. Furthermore, ion exchange resins are required for the application in various end use industries like power, chemicals & petrochemicals, food & beverage, pharmaceuticals, fuels the need for ion exchange resins.

Electrical & Electronics end use industry is projected to be the fastest growing end use industry in terms of valueElectrical & Electronics is projected to be the fastest growing end use industry in the ion exchange resins market due to several factors. As electrical & electronics industry is among the fastest-growing industries that depend highly on high-purity raw materials and processes to ensure the reliability and performance of electronic components. Ion exchange resins are used to effectively remove impurities in the form of charged metal ions and organic contaminants that might be used in electronic devices. Examples include semiconductor manufacturing and circuit boards, in which ion-exchange resins provide the purities necessary for good conductivity and function of the semiconductors. They pretty well contribute to the reliability and life of electronic products because they ensure that electronic materials are free of contaminants. With the boom in superior electronic devices, exchange resins are found to play a vital role with regard to quality and efficiency in the manufacturing process.Municipal water application accounted for the largest market share in water application in 2023 in terms of valueMunicipal water application accounted for the largest market share in water application in 2023 in terms of value. The municipal water application segment of the ion exchange resins market is crucial in ensuring clean, safe, and high-quality water is delivered to the public systems. In municipal water treatment facilities, the principal applications of ion exchange resins are water softening and deionization. Water softening entails the removal of calcium and magnesium ions that cause hardness by replacing them with sodium ions, which inhibits scale formation and prolongs the service life of plumbing and appliances. On the other hand, deionization pertains to removing all ionic contaminants using the mixed application of cation and anion exchange resins, imparting ultrapure water for critical applications.

Competitive Landscape

The Ion exchange resins market comprises major players such as DuPont de Nemours, Lanxess (Germany), Mitsubishi Chemical Group Corporation (Japan), Samyang Corporation (South Korea), Ecolab (US), Jacobi Resins (Sweden), Ovivo (Canada), IEI (India), Thermax Limited (India), and Sunresin New Materials Co.Ltd. (China). The study includes in-depth competitive analysis of these key players in the ion exchange resins market, with their company profiles, recent developments, and key market strategies.Research CoverageThis report segments the market for ion exchange resins market on the basis of type, application, end use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for ion exchange resins market.The report provides insights on the following:

Market Penetration: Comprehensive information on the ion exchange resins market offered by top players in the global ion exchange resins market.

Analysis of drivers: (Growing urban population in Asia Pacific region, Increasing demand for nuclear power in emerging economies, Stringent water treatment regulations) restraints (Volatility in price of raw materials, Increasing competition from reverse osmosis membrane technology), opportunities (Growing industrialization in emerging economies, increasing importance of recycle and reuse of water) and challenges (Finding new applications for ion exchange resins, Lack of strict regulations in developing regions)

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the ion exchange resins market.

Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for ion exchange resins market across regions.

Market Capacity: Production capacities of companies producing ion exchange resins are provided wherever available with upcoming capacities for the ion exchange resins market.

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the ion exchange resins market.

Key Attributes:

Report Attribute

Details

No. of Pages

268

Forecast Period

2024 - 2030

Estimated Market Value (USD) in 2024

$2.13 Billion

Forecasted Market Value (USD) by 2030

$2.83 Billion

Compound Annual Growth Rate

4.8%

Regions Covered

Global

Key Topics Covered: 1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights4.1 Attractive Opportunities for Players in Ion Exchange Resins Market4.2 Ion Exchange Resins Market, by Type4.3 Ion Exchange Resins Market, by Application4.4 Ion Exchange Resins Market, by End-use Industry4.5 Ion Exchange Resins Market, by End-use Industry and Region4.6 Ion Exchange Resins Market, by Key Countries5 Market Overview5.1 Introduction5.2 Impact of AI/Generative AI5.3 Market Dynamics5.3.1 Drivers

Growing Urban Population in Asia-Pacific

Increasing Demand for Nuclear Power in Emerging Economies

Stringent Water Treatment Regulations in US and Europe

5.3.2 Restraints

Volatile Raw Material Prices

Increasing Competition from Reverse Osmosis Membrane and Other Emerging Technologies

5.3.3 Opportunities

Growing Industrialization in Emerging Economies

Increasing Importance of Recycling and Re-Use of Water

5.3.4 Challenges

Finding New Applications for Ion Exchange Resins

Lack of Strict Regulations in Emerging Economies

5.4 Porter's Five Forces Analysis5.5 Key Stakeholders and Buying Criteria5.6 Value Chain Analysis5.7 Macroeconomic Outlook5.8 Ecosystem Analysis5.9 Case Study Analysis

Hellenic Petroleum SA's Use of Dupont Amberlite Resins

Chlor-Alkali Brine Purification at Coogee Chemicals in Lytton, Australia

Reducing Costs and Treating Hardness in Drinking Water with Purolite's Ion Exchange Resins

5.10 Regulatory Landscape5.11 Technology Analysis5.12 Trends/Disruptions Impacting Customer Business5.13 Trade Analysis5.14 Key Conferences and Events, 2024-20255.15 Pricing Analysis5.16 Investment and Funding Scenario5.17 Patent Analysis6 Ion Exchange Resins Market, by Type6.1 Introduction6.2 Cationic Resins6.2.1 Extensive Utilization of Cationic Resins in Water Treatment Applications to Drive Growth6.3 Anionic Resins6.3.1 Effectiveness in Removing Negatively Charged Ions from Solutions to Drive Growth6.4 Other Types7 Ion Exchange Resins Market, by Application7.1 Introduction7.2 Water7.2.1 Growth in Various End-use Industries to Drive Market7.3 Non-Water7.3.1 Pharmaceuticals and Chemicals & Petrochemicals Industries to Drive Growth8 Ion Exchange Resins Market, by End-use Industry9 Ion Exchange Resins Market, by Region10 Competitive Landscape11 Company Profiles11.1 Key Players

Dupont De Nemours, Inc.

Lanxess

Ecolab (Purolite)

Mitsubishi Chemical Group Corporation

Samyang Corporation

Ion Exchange India (Iei)

Jacobi Resins

Thermax Limited.

Ovivo

Sunresin New Materials Co. Ltd.

11.2 Other Players

Resintech, Inc.

Evoqua Water Technologies LLC

Aldex Chemical Company, Ltd.

GFS Chemicals, Inc.

Suqing Group

Applexion

Anhui Sanxing Resin Technology Co. Ltd.

Resindion S.R.L.

Kovalus Separation Solutions

Acuro Organics Limited

Western Carbon & Chemicals

Doshion Polyscience Pvt. Ltd.

Aquafilsep

Graver Technologies

Hydroflux

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Ion Exchange Resins Market

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