The market for ion exchange resins is expanding globally due to rising demand for water treatment chemicals and a large rise in the volume of waste produced by the sector. Ion exchange resins are anticipated to witness increased demand from the energy and power production and wastewater treatment process industries over the course of the next several years. Ion exchange resins' market is expected to grow at a faster rate than average over the forecast period due to the rising demand for ultrapure water from the pharmaceutical and electronic industries, semiconductors, and microelectronics, ultrapure water is extensively used in the electronic, semiconductor, and microelectronics sectors. In terms of region, Asia Pacific dominated the market in 2021 and is anticipated to continue to do so over the course of the forecast period. The region's ongoing increase in ion exchange resin production for usage in the region and exports is what's fueling the rising need for them.
According to Coherent Market Insights, In terms of revenue, the global market for Ion Exchange Resins was estimated at US$ 1,389.5 Million in 2021, growing at a CAGR of 5.7% over the projected period (2022 to 2030).
Leading Companies in the Ion Exchange Resins Industry:
1. The Dow Chemical Company
The company was established in 1897 and is based in Midland, Michigan, United States. The business produces plastic materials, rubber, agro-science, and speciality chemicals. Worldwide, Dow Chemical provides services to the packaging, construction, food, and personal care industries. Dow announced the extension of their lineup of silicone-based solutions for photovoltaic assembly in March 2023.
2. Lanxess Ag,
The business was established in 2004 with its headquarters in Cologne, Germany. The creation, production, and marketing of specialised chemicals, modern plastics, chemical intermediates, and additives make up the main business of LANXESS. Brazilian biocide producer Itibanyl Produtos Especiais Ltda was purchased by Lanxess in February 2020. Lanxess finalised the US$1.3 billion acquisition of the microbial control division of International Flavors & Fragrances in July 2022.
3. Purolite Corporation,
The company was founded in 1981 and has its head office in Pennsylvania, United States. The company manufactures and provides a variety of resins for the global markets for ion exchange, catalysts, absorbents, and speciality applications. The availability of Purolite's Praesto agarose-based Protein A and Ion Exchange chromatography resins in South Korea and Singapore was announced in May 2021.
4. Ion Exchange India Ltd.,
The firm was founded in 1964 and has its headquarters in India. The company produces and sells goods and equipment for the treatment of water, which are applied in a variety of treatment and conservation applications. The Group's products include membranes for ultra- and nano-filtration, exchange resins, and chemicals for water treatment.
5. Samyang Holdings Corporation
The business was established in 1924 with its headquarters in South Korea. Terephthalic acid, polycarbonate resin, polybutylene terephthalate, and other closely related goods are produced and distributed by the business. Pharmaceutical, food, and animal feed companies are all run by Samyang Holdings.
6. Mitsubishi Chemical Holdings Corporation,
The business was established in 2005 and has its main office in Chiyoda City, Tokyo, Japan. The company also manufactures acetyls, high performance films, optical films, materials for electronics and communications, and other things. It also makes and distributes chemical products. To be started in July 2022, the "TANAMIN Digital Health Challenge- providing hope for all confronting sickness" was announced in June 2022 by Mitsubishi Chemical Holdings Group and Plug and Play Japan KK.
7. Sunresin New Materials Co. Ltd.,
The company was founded in 2001 and has its main office in China. The business develops, manufactures, and sells adsorption and separation materials in addition to offering technical services, supporting system equipment, and related application process technologies
8. Bio-Rad Laboratories Inc.
The firm was founded in 1952 and is based in Hercules, California, United States. An American company called Bio-Rad Laboratories, Inc. creates and manufactures specialised technology goods for the markets of clinical diagnostics and life science research. In March 2021, Bio-Rad and Roche announced a partnership.
*Definition: Ion exchange resins are employed in numerous sectors for the filtration and softening of water. They can purify water to make it suitable for a range of industrial operations by removing organic contaminants, a radioactive element, and chlorine.
