Ion Exchange Resin Market To Worth USD 2,063.3 Million By 2028 | Reports and Data

Ion Exchange Resin Market To Worth USD 2,063.3 Million By 2028 | Reports and Data
Ion Exchange Resin Market
Rigorous regulations towards water conservation and the decreasing availability of fresh water is expected to drive the growth of the ion exchange resins market.

Based on current analysis, 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%. 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. 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. 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.

Top Companies: 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.

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Key findings from the report

  • Only 60% of the industrial wastewater is treated, while roughly 40% of the treated water does not conform to the prearranged standards
  • In case of sewage treatment, the situation is excessively stern, as globally, the urban area has capacity to treat just 37% of the sewage generated
  • Dow Chemical Company launched next-generation ion exchange resins, which were re-engineered specifically to attain efficient industrial water treatment. Such launches are proving to be lucrative to the ion exchange resins market
  • The power segment is likely to lead the ion exchange resin market with the market share of 47.6% during the forecast period among the end use industries due to environmental regulations by various water treatment industries and also, due to rising number of nuclear power plant in various countries
  • Mitsubishi Chemical Corporation started selling river water treatment systems to public and private sectors in Myanmar, where the economic growth is anticipated to drive the demand for safe drinking water
  • Municipal water treatment sector is expected to witness a major demand for ion exchange resins. This is so mainly, because it helps in removing the impurities to the maximum extent possible

Type (Revenue in USD Million; 2020–2028)

  • Cationic Resins
  • Anionic Resins
  • Others

Application (Revenue in USD Million; 2020–2028)

  • Water softening
  • Water purification
  • Metal purification
  • Purification of antibiotics
  • Catalysis
  • Other

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Ion Exchange Resin Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Ion Exchange Resin Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Ion Exchange Resin Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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