Ion exchange resins are small and insoluble matrices produced from organic polymer substrate. These resins are primarily used for purification of water in wastewater treatment plants & chemical industries. Their porous surfaces help to easily capture and release ions, which makes them highly effective in purification of organic compounds and radioactive elements. The global demand for ion exchange resins is expected to increase over the forecast period, owing to their advanced purification properties and high feasibility in chemical industries. Increasing adoption of organic compounds and rapid industrialization across the world are major factors fueling growth of the global ion exchange resins market. High demand for clean and purified water increasing demand for innovative & highly-evolved water purification techniques, which in turn is fueling market growth.

Global Ion Exchange Resins Market: Market Dynamics

Increasing awareness regarding purification of water in industrial applications is expected to drive growth of global ion exchange resins market. Increasing demand for ion exchange resins in food & beverages, power generation, pharmaceuticals, domestic and waste water treatment, electrical & electronics and chemicals & fertilizers are expected to create highly conducive environment for market growth. Furthermore, growing awareness related to use of sustainable products is expected to increase demand for environment friendly ion exchange resins.

Regulatory authorities such as EPA and European Commission are focusing on restriction of use of chemicals in water treatment for industrial, institutional and commercial-based applications. These authorities have passed various regulations to achieve targets, which restraining growth of ion exchange resins.

Global Ion Exchange Resins Market Taxonomy

On the basis of ion exchange resins type:

  • Cation Exchange Resins
  • Specialized ion-exchange resins or Chelating Resins
  • Anion Exchange Resins

On the applications:

  • Water purification
  • Fertilizers
  • Chemical processing
  • Power generation
  • Others (waste water treatment in industries, mining etc.)

On the basis of end-use industries:

  • Electrical and electronics
  • Food and beverages
  • Pharmaceutical industry
  • Water treatment plant
  • Chemical industry

Global Ion Exchange Resins Market: Regional Overview

Asia Pacific is expected to attain significant growth in ion exchange resin market over the forecast period, owing to rapidly developing economies of Asia such as China and India are expected to witness robust industrial growth, which in turn increases adoption of water purification techniques involving ion exchange resins. Rise in government funding for construction, industrial, and infrastructure development in economies of Middle East and Africa such as UAE, Oman and Saudi Arabia are also expected to increase the demand for global ion exchange resins market.

North America and Europe are experiencing slow growth in the market, as stringent government regulations on use of chemicals for water treatment in these regions are imposing a negative impact on growth of the market.

Global Ion Exchange Resins Market: Key Players

Key players operating in global ion exchange resins market are mentioned below:

  • The Dow Chemical Company
  • Thermax Limited
  • Sunresin New Materials Co. Ltd.
  • Ion Exchange (India) Ltd.
  • Lanxess AG
  • Jiangsu Suqing Water Treatment Engineering Group Co.
  • Mitsubishi Chemical Corporation
  • Purolite
  • Sigma-Aldrich Co. LLC.
  • Alfa Aesar (Thermo Fisher Scientific Inc.)
  • ResinTech Inc.

Manufacturing companies such as the Dow Chemical Company and Resin Tech Inc. are focusing towards product launch and expansion to cater to the growing demand for ion exchange resins.

Key Developments

  • In Jan 2018, an Indian Water management solutions company, Ion Exchange, grabbed new projects for public-private-partnership (PPP) models in both domestic and overseas market. The company also observed a rise in its exports which accounted for almost 30% of its total business in 2018 and is which is expected to reach up to 45% in 2019.
  • In Aug 2019, India’s leading water management solutions provider, Ion Exchange (India) Limited, inaugurated its new Research & Development facility in Telangana, India. The company invested around US$ 4 million in this center which will focus on its Resins, Chemical and Membranes business and provide technical solutions in existing engineering segments.
  • In Oct 2019, Kemco Systems, an American company specialized in water and energy solutions, acquired Bob Johnson & Associates, a water treatment services company based in Texas, to expand its business in wastewater technologies. 
  • In Nov 2019, Nalco Water, an Ecolab owned company which provides water energy and hygiene technologies services globally, set up a new facility in Pennsylvania which will deliver water purification resins.
  • In Dec 2019, DuPont, a global leader in water purifier and separator systems including reverse osmosis, ultrafication and ion exchange resins, expanded its portfolio in water treatment sector by acquiring Desalitech Ltd., an U.S. based solution provider in reverse osmosis and water treatment field.
  • Continuing its expansion in water treatment sector, in Dec 2019, Dupont also acquired OxyMem Limited, an Ireland based company which specializes in developing Membrane Aerated Biofilm Reactor (MABR) technology used for wastewater treatment in industries.
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