Product Code: CH 3087
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.
Scope of the Report |
Years Considered for the Study | 2021-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Million), Volume (Thousand Liters) |
Segments | Type, Application, End Use Industry, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Electrical & Electronics end use industry is projected to be the fastest growing end use industry in terms of value."
Electrical & 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 is expected to account for the largest market share in water application in 2023 in terms of value."
Municipal water application is expected to account 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.
"North America is estimated to have the second largest market share for ion exchange resins in terms of value for the forecasted period."
North America holds a significant position in the global ion exchange resins market, driven by several factors such as market in North America is mature, and hence, moderate growth is expected in several end-use industries such as power, chemical, pharmaceuticals, and electrical & electronics. DuPont (US), Ecolab (US), and Bio-Rad Laboratories (US) are the major players in North America and cater to various customers globally. The ion exchange resins market witnesses the presence of various big players who are extremely competitive in terms of product offerings. Due to this, small players have less scope in R&D and marketing, owing to huge capital costs required. The major players in North America adopt various strategies such as partnerships, agreements, & collaborations, new product and technology developments, capacity expansions, and new plant establishments to increase their market share and cater to the increasing demand for ion exchange resins.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the ion exchange resins market, and information was gathered from secondary research to determine and verify the market size of several segments.
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C Level Executives- 20%, Directors - 10%, and Others - 70%
- By Region: North America - 22%, Europe - 22%, APAC - 45%, Row-11%
The Ion exchange resins market comprises major players such as DuPont de Nemours, Inc. (US), 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 Coverage
This 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.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the ion exchange resins market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- 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.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 UNITS CONSIDERED
- 1.6 STAKEHOLDERS
- 1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key secondary sources
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Key industry insights
- 2.1.2.3 Breakdown of interviews with experts
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 DATA TRIANGULATION
- 2.4 FACTOR ANALYSIS
- 2.5 GROWTH FORECAST
- 2.5.1 SUPPLY SIDE
- 2.5.2 DEMAND SIDE
- 2.6 RESEARCH ASSUMPTIONS
- 2.7 RESEARCH LIMITATIONS
- 2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ION EXCHANGE RESINS MARKET
- 4.2 ION EXCHANGE RESINS MARKET, BY TYPE
- 4.3 ION EXCHANGE RESINS MARKET, BY APPLICATION
- 4.4 ION EXCHANGE RESINS MARKET, BY END-USE INDUSTRY
- 4.5 ION EXCHANGE RESINS MARKET, BY END-USE INDUSTRY AND REGION
- 4.6 ION EXCHANGE RESINS MARKET, BY KEY COUNTRIES
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 IMPACT OF AI/GENERATIVE AI
- 5.2.1 INTRODUCTION
- 5.2.2 OVERVIEW OF IMPACT
- 5.2.2.1 Role of GenAI in transforming chemicals industry
- 5.2.2.2 Role of AI in optimizing drug discovery and ion exchange resins
- 5.2.2.3 Impact of AI on ion exchange resin management in water treatment
- 5.3 MARKET DYNAMICS
- 5.3.1 DRIVERS
- 5.3.1.1 Growing urban population in Asia Pacific
- 5.3.1.2 Increasing demand for nuclear power in emerging economies
- 5.3.1.3 Stringent water treatment regulations in US and Europe
- 5.3.2 RESTRAINTS
- 5.3.2.1 Volatile raw material prices
- 5.3.2.2 Increasing competition from reverse osmosis membrane and other emerging technologies
- 5.3.3 OPPORTUNITIES
- 5.3.3.1 Growing industrialization in emerging economies
- 5.3.3.2 Increasing importance of recycling and re-use of water
- 5.3.4 CHALLENGES
- 5.3.4.1 Finding new applications for ion exchange resins
- 5.3.4.2 Lack of strict regulations in emerging economies
- 5.4 PORTER'S FIVE FORCES ANALYSIS
- 5.4.1 THREAT OF SUBSTITUTES
- 5.4.2 BARGAINING POWER OF SUPPLIERS
- 5.4.3 THREAT OF NEW ENTRANTS
- 5.4.4 BARGAINING POWER OF BUYERS
- 5.4.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.5 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.5.2 BUYING CRITERIA
- 5.6 VALUE CHAIN ANALYSIS
- 5.6.1 RAW MATERIAL
- 5.6.2 MANUFACTURER
- 5.6.3 DISTRIBUTION
- 5.6.4 END USER
- 5.7 MACROECONOMIC OUTLOOK
- 5.7.1 GLOBAL GDP TRENDS
- 5.7.2 POWER GENERATION STATISTICS
- 5.8 ECOSYSTEM ANALYSIS
- 5.9 CASE STUDY ANALYSIS
- 5.9.1 HELLENIC PETROLEUM SA'S USE OF DUPONT AMBERLITE RESINS
- 5.9.2 CHLOR-ALKALI BRINE PURIFICATION AT COOGEE CHEMICALS IN LYTTON, AUSTRALIA
- 5.9.3 REDUCING COSTS AND TREATING HARDNESS IN DRINKING WATER WITH PUROLITE'S ION EXCHANGE RESINS
- 5.10 REGULATORY LANDSCAPE
- 5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.11 TECHNOLOGY ANALYSIS
- 5.11.1 KEY TECHNOLOGIES
- 5.11.1.1 Mixed bed resin
- 5.11.1.2 Chelating ion exchange resin
- 5.11.2 COMPLEMENTARY TECHNOLOGIES
- 5.11.2.1 Macroreticular technology
- 5.11.2.2 Integration of ion exchange resin with solvent extraction technology
- 5.11.3 ADJACENT TECHNOLOGIES
- 5.11.3.1 Sustainable regeneration process
- 5.11.3.2 Resin-in-Pulp
- 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.13 TRADE ANALYSIS
- 5.13.1 IMPORT SCENARIO (HS CODE 391400)
- 5.13.2 EXPORT SCENARIO (HS CODE 391400)
- 5.14 KEY CONFERENCES AND EVENTS, 2024-2025
- 5.15 PRICING ANALYSIS
- 5.15.1 AVERAGE SELLING PRICE, BY REGION
- 5.15.2 AVERAGE SELLING PRICE, BY TYPE
- 5.15.3 AVERAGE SELLING PRICE, BY END-USE INDUSTRY
- 5.15.4 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE
- 5.16 INVESTMENT AND FUNDING SCENARIO
- 5.17 PATENT ANALYSIS
- 5.17.1 METHODOLOGY
- 5.17.2 DOCUMENT TYPE
- 5.17.3 PUBLICATION TRENDS IN LAST 10 YEARS
- 5.17.4 INSIGHTS
- 5.17.5 JURISDICTION ANALYSIS
- 5.17.6 TOP 10 COMPANIES/APPLICANTS
- 5.17.7 TOP 10 PATENT OWNERS IN LAST 10 YEARS
6 ION EXCHANGE RESINS MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.2 CATIONIC RESINS
- 6.2.1 EXTENSIVE UTILIZATION OF CATIONIC RESINS IN WATER TREATMENT APPLICATIONS TO DRIVE GROWTH
- 6.3 ANIONIC RESINS
- 6.3.1 EFFECTIVENESS IN REMOVING NEGATIVELY CHARGED IONS FROM SOLUTIONS TO DRIVE GROWTH
- 6.4 OTHER TYPES
7 ION EXCHANGE RESINS MARKET, BY APPLICATION
- 7.1 INTRODUCTION
- 7.2 WATER
- 7.2.1 GROWTH IN VARIOUS END-USE INDUSTRIES TO DRIVE MARKET
- 7.2.2 MUNICIPAL
- 7.2.3 INDUSTRIAL
- 7.2.4 OTHERS
- 7.3 NON-WATER
- 7.3.1 PHARMACEUTICALS AND CHEMICALS & PETROCHEMICALS INDUSTRIES TO DRIVE GROWTH
8 ION EXCHANGE RESINS MARKET, BY END-USE INDUSTRY
- 8.1 INTRODUCTION
- 8.2 POWER
- 8.2.1 WATER TREATMENT & PURIFICATION APPLICATION TO DRIVE GROWTH
- 8.3 CHEMICALS & PETROCHEMICALS
- 8.3.1 WIDE USE IN WATER TREATMENT, PURIFICATION, AND SEPARATION TO DRIVE GROWTH
- 8.4 FOOD & BEVERAGE
- 8.4.1 HIGH-QUALITY WATER REQUIREMENT TO DRIVE GROWTH
- 8.5 ELECTRICAL & ELECTRONICS
- 8.5.1 DEMAND FOR HIGH-PERFORMANCE ELECTRONIC COMPONENTS TO DRIVE GROWTH
- 8.6 PHARMACEUTICALS
- 8.6.1 ABILITY OF ION EXCHANGE RESINS TO FORM DRUG-RESIN COMPLEXES TO DRIVE GROWTH
- 8.7 METAL & MINING
- 8.7.1 NEED FOR WASTEWATER TREATMENT TO DRIVE GROWTH
- 8.8 OTHER END-USE INDUSTRIES
- 8.8.1 WATER TREATMENT
- 8.8.2 AGRICULTURE
- 8.8.3 TEXTILES
- 8.8.4 PAPER
- 8.8.5 OIL & GAS
9 ION EXCHANGE RESINS MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.1.1 Increasing demand for electricity to drive growth
- 9.2.2 CANADA
- 9.2.2.1 Increase in food processing establishments to drive growth
- 9.2.3 MEXICO
- 9.2.3.1 Growth of manufacturing sector to drive market
- 9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.1.1 Strong manufacturing base to drive market
- 9.3.2 FRANCE
- 9.3.2.1 Strong chemicals and pharmaceuticals industries to drive growth
- 9.3.3 ITALY
- 9.3.3.1 Food & beverage, pharmaceuticals, and electronics industries to drive growth
- 9.3.4 UK
- 9.3.4.1 New and under-construction nuclear power plants to drive growth
- 9.3.5 SPAIN
- 9.3.5.1 Surge in demand for desalinated water to drive growth
- 9.3.6 RUSSIA
- 9.3.6.1 Presence of large power industry to drive growth
- 9.3.7 NETHERLANDS
- 9.3.7.1 Increasing demand for pure water across various end-use industries to drive growth
- 9.3.8 REST OF EUROPE
- 9.4 ASIA PACIFIC
- 9.4.1 CHINA
- 9.4.1.1 Rising demand for nuclear energy to drive growth
- 9.4.2 INDIA
- 9.4.2.1 Consistently increasing manufacturing output to drive growth
- 9.4.3 JAPAN
- 9.4.3.1 Growth of chemicals and pharmaceuticals industries to drive growth
- 9.4.4 SOUTH KOREA
- 9.4.4.1 Increase in domestic wastewater and industrial wastewater to drive growth
- 9.4.5 THAILAND
- 9.4.5.1 Rise of medical tourism to drive growth
- 9.4.6 INDONESIA
- 9.4.6.1 Large infrastructure budget to drive growth
- 9.4.7 TAIWAN
- 9.4.7.1 Growth of semiconductors industry to drive growth
- 9.4.8 REST OF ASIA PACIFIC
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 GCC COUNTRIES
- 9.5.1.1 Saudi Arabia
- 9.5.1.1.1 Increasing consumption of energy to drive growth
- 9.5.1.2 UAE
- 9.5.1.2.1 Increasing desalination of seawater to drive growth
- 9.5.1.3 Rest of GCC
- 9.5.2 TURKIYE
- 9.5.2.1 Growing electricity demand to drive growth
- 9.5.3 SOUTH AFRICA
- 9.5.3.1 Abundant natural resources, R&D capabilities, and established manufacturing base to drive growth
- 9.5.4 REST OF MIDDLE EAST & AFRICA
- 9.6 SOUTH AMERICA
- 9.6.1 BRAZIL
- 9.6.1.1 Increasing population and infrastructure development to drive growth
- 9.6.2 ARGENTINA
- 9.6.2.1 Sustainable economic development to drive market
- 9.6.3 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 KEY PLAYER STRATEGIES
- 10.3 MARKET SHARE ANALYSIS
- 10.4 REVENUE ANALYSIS
- 10.5 MARKET RANKING ANALYSIS
- 10.5.1 DUPONT DE NEMOURS, INC.
- 10.5.2 LANXESS
- 10.5.3 ECOLAB (PUROLITE)
- 10.5.4 MITSUBISHI CHEMICAL GROUP CORPORATION
- 10.5.5 SAMYANG CORPORATION
- 10.6 COMPANY VALUATION AND FINANCIAL METRICS
- 10.7 BRAND COMPARISON
- 10.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 10.8.1 STARS
- 10.8.2 EMERGING LEADERS
- 10.8.3 PERVASIVE PLAYERS
- 10.8.4 PARTICIPANTS
- 10.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 10.8.5.1 Company footprint
- 10.8.5.2 Type footprint
- 10.8.5.3 Application footprint
- 10.8.5.4 End-use industry footprint
- 10.8.5.5 Region footprint
- 10.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 10.9.1 PROGRESSIVE COMPANIES
- 10.9.2 RESPONSIVE COMPANIES
- 10.9.3 DYNAMIC COMPANIES
- 10.9.4 STARTING BLOCKS
- 10.9.5 COMPETITIVE BENCHMARKING
- 10.9.5.1 List of key startups/SMEs
- 10.9.5.2 Competitive benchmarking of key startups/SMEs
- 10.10 COMPETITIVE SCENARIO
- 10.10.1 PRODUCT LAUNCHES
- 10.10.2 DEALS
- 10.10.3 EXPANSIONS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 DUPONT DE NEMOURS, INC.
- 11.1.1.1 Business overview
- 11.1.1.2 Products offered
- 11.1.1.3 Recent developments
- 11.1.1.3.1 Product launches
- 11.1.1.3.2 Expansions
- 11.1.1.4 MnM view
- 11.1.1.4.1 Right to win
- 11.1.1.4.2 Strategic choices
- 11.1.1.4.3 Weaknesses and competitive threats
- 11.1.2 LANXESS
- 11.1.2.1 Business overview
- 11.1.2.2 Products offered
- 11.1.2.3 Recent developments
- 11.1.2.3.1 Product launches
- 11.1.2.3.2 Expansions
- 11.1.2.4 MnM view
- 11.1.2.4.1 Right to win
- 11.1.2.4.2 Strategic choices
- 11.1.2.4.3 Weaknesses and competitive threats
- 11.1.3 ECOLAB (PUROLITE)
- 11.1.3.1 Business overview
- 11.1.3.2 Products offered
- 11.1.3.3 Recent developments
- 11.1.3.3.1 Deals
- 11.1.3.3.2 Expansions
- 11.1.3.4 MnM view
- 11.1.3.4.1 Right to win
- 11.1.3.4.2 Strategic choices
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 MITSUBISHI CHEMICAL GROUP CORPORATION
- 11.1.4.1 Business overview
- 11.1.4.2 Products offered
- 11.1.4.3 MnM view
- 11.1.4.3.1 Right to win
- 11.1.4.3.2 Strategic choices
- 11.1.4.3.3 Weaknesses and competitive threats
- 11.1.5 SAMYANG CORPORATION
- 11.1.5.1 Business overview
- 11.1.5.2 Products offered
- 11.1.5.3 MnM view
- 11.1.5.3.1 Right to win
- 11.1.5.3.2 Strategic choices
- 11.1.5.3.3 Weaknesses and competitive threats
- 11.1.6 ION EXCHANGE INDIA (IEI)
- 11.1.6.1 Business overview
- 11.1.6.2 Products offered
- 11.1.6.3 MnM view
- 11.1.6.3.1 Right to win
- 11.1.6.3.2 Strategic choices
- 11.1.6.3.3 Weaknesses and competitive threats
- 11.1.7 JACOBI RESINS
- 11.1.7.1 Business overview
- 11.1.7.2 Products offered
- 11.1.7.3 Recent developments
- 11.1.7.4 MnM view
- 11.1.8 THERMAX LIMITED.
- 11.1.8.1 Business overview
- 11.1.8.2 Products offered
- 11.1.8.3 Recent developments
- 11.1.8.3.1 Deals
- 11.1.8.3.2 Expansions
- 11.1.8.4 MnM view
- 11.1.9 OVIVO
- 11.1.9.1 Business overview
- 11.1.9.2 Products offered
- 11.1.9.3 Recent developments
- 11.1.9.4 MnM view
- 11.1.10 SUNRESIN NEW MATERIALS CO. LTD.
- 11.1.10.1 Business overview
- 11.1.10.2 Products offered
- 11.1.10.3 Recent developments
- 11.1.10.4 MnM view
- 11.2 OTHER PLAYERS
- 11.2.1 RESINTECH, INC.
- 11.2.2 EVOQUA WATER TECHNOLOGIES LLC
- 11.2.3 ALDEX CHEMICAL COMPANY, LTD.
- 11.2.4 GFS CHEMICALS, INC.
- 11.2.5 SUQING GROUP
- 11.2.6 APPLEXION
- 11.2.7 ANHUI SANXING RESIN TECHNOLOGY CO., LTD.
- 11.2.8 RESINDION S.R.L.
- 11.2.9 KOVALUS SEPARATION SOLUTIONS
- 11.2.10 ACURO ORGANICS LIMITED
- 11.2.11 WESTERN CARBON & CHEMICALS
- 11.2.12 DOSHION POLYSCIENCE PVT. LTD.
- 11.2.13 AQUAFILSEP
- 11.2.14 GRAVER TECHNOLOGIES
- 11.2.15 HYDROFLUX
12 APPENDIX
- 12.1 DISCUSSION GUIDE
- 12.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 12.3 CUSTOMIZATION OPTIONS
- 12.4 RELATED REPORTS
- 12.5 AUTHOR DETAILS