Ion Exchange Resins Market: By Product Type (Anion exchange resins, Cation-exchange resins, Others), By Application (Power Generation, Pharmaceuticals, Electrical and Electronics, Food and Beverages, Chemicals, Water Treatment, Mining and Metal, Others), By End-User (Pharmaceutical Industries, Chemical Industries, Food and Beverages industries, Others), and Geography    

Ion Exchange Resins Market size was valued at USD 1,111.17 million in 2022 and is poised to grow at a CAGR of 3.8% from 2023-2029. The global ion exchange resins market is poised to grow at a significant CAGR owing to an increase in the purification of water and wastewater treatment. For instance, most of the industries are focusing on wastewater treatment and approximately 60% of water is reusable. Moreover, rapid urbanization and an increase in demand for purified water are expected to create better market opportunities for the market players. In addition, approval for newer products is anticipated to upsurge the revenue growth of the market. For instance, in April 2016, Jacobi’s Resinex division received French Ministere des Affaires et de la Sante (FMASS) approval for Resinex KW-H used in the removal of temporary hardness and other dealkylation processes in potable water supplies. Furthermore, the expansion of business by market players is a strategy to dominate the ion exchange resin market. For instance, in April 2013, Lanxess expanded its ion-exchange resins facilities in Leverkusen by investing 10 Mn in a new product line for weakly acidic cation exchange resins for water treatment. Ion exchange resins are the polymers that act as a medium in the ion exchange process. Most of the ion-exchange resins are based on cross-linked polystyrene. Ion-exchange resins are classified into anion-exchange resins and cation-exchange resins. Ion exchange resins are widely used in the purification, separation, and decontamination process. Applications of ion exchange resins include water purification, water softening, and metal separation, production of high-purity water, juice purification, sugar manufacturing, and pharmaceutical purification among others. 

Ion Exchange Resins Market Key Developments: 

• In November 2017, Purolite Life Sciences collaborated with Repligen Corporation to provide ion exchange agarose resins and high-flow Praesto Protein A affinity with Opus pre-packed chromatography columns.