The global ion exchange resin market was valued at USD 1,430.1 Million in 2020 and is expected to reach USD 2,063.3 Million by 2028, at a CAGR 4.6% Usually white or yellowish, fabricated from an organic polymer substrate, an ion exchange resin is an insoluble matrix (or support structure) normally in the form of small (0.25–0.5 mm radius) microbeads. An ion-exchange resin or ion-exchange polymer is a resin or polymer that acts as a medium for ion exchange.
These beads generally provide a large surface area on and inside them. these beads are typically porous. Ion exchange is a process where ions are trapped occurring along with the accompanying release of other ions. There are numerous types of ion exchange resins. They are widely being used in different separation, purification and decontamination processes. The most common examples of the applications of ion exchange resins are water softening and water purification. Ion exchange resins have the capacity to eliminate chlorine, organic mixtures and radioactive foundations such as uranium and lanthanum resulting in increasing application scope in chemical processing, food beverage, waste water treatment, power generation, electronics and mining.
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Top Players in the Global Ion Exchange Resin Market:
DowDuPont Inc. (US), Purolite Corporation (US), Mitsubishi Chemical Corporation (Japan), LANXESS AG (Germany), Ion Exchange (India) Ltd. (India), and Thermax Ltd. (India), Resin Tech Inc.
Rising awareness towards purification and softening of water is also being observed in industrial claims is projected to have a vital role in driving the ion exchange market. Owing to technological progressions and exceptional efficiency, consumer preferences are shifting towards ion exchange resins from conventional resins. Rigorous regulations towards water conservation and the decreasing availability of fresh water is expected to drive the growth of the ion exchange resins market. Wide utility in water treatment and several other industries are expected to act as market drivers. Apart from these market drivers, there are few drawbacks which may hamper the market in the coming years. Drawbacks predominantly include chlorin contamination and organic contamination of resins. Disposal of spent ion exchange resins is being governed by rules and regulations to ensure that they don’t cause any potential harm.
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Market segmentation based on Type:
- Anionic Resins
- Others
Application:
- Water softening
- Water purification
- Metal purification
- Purification of antibiotics
- Catalysis
- Other
End Use Industry:
- Power
- Chemical Petrochemical
- Water Wastewater Treatment
- Food Beverage
- Pharmaceutical
- Electrical Electronics
- Metal Mining
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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