Ion Exchange Resins Market
                     Ion Exchange Resins Market Insights, Opportunity Analysis, and Industry Forecast 2020 - 
2027
Ion exchange resins are used in the purification and softening of water applications across various 
industries. They are capable of eliminating chlorine, a radioactive element, and organic compound 
from the water which can be further used for various industrial purposes. Food & beverage, 
chemical processing, power generation, electronics, wastewater treatment, and mining are some of 
the major end-users of the ion exchange resins.
The global ion exchange resins market is projected to surpass US$ 1900 million by the end of 2027,
in terms of revenue, growing at CAGR of 5.4% during the forecast period (2020 to 2027).
Market Dynamics
The global ion exchange resins market has witnessed significant growth in recent past years, owing 
to the rising need for water treatment solutions across the globe. With the increase in population 
across the globe, there is an upsurge in industrial activities and urbanization which in turn is 
expected to provide lucrative growth to the global Ion exchange resins market over the forecast 
period.
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Market Opportunities
Growth in the food & beverage industry due to increasing spending by consumers and government 
is expected to serve major growth opportunities to the market of ion exchange resins. United States 
Department of Agriculture Economic Research Service, in 2018, U.S. consumers, businesses, and 
government entities spent US$ 1.71 trillion on food and beverages in grocery stores and other 
retailers and on away-from-home meals and snacks.
Major players: The Dow Chemical Company, Lanxess Ag, Purolite Corporation, Thermax 
Limited, Ion Exchange India Ltd., Samyang Holdings Corporation, Mitsubishi Chemical Holdings 
Corporation, Sunresin New Materials Co. Ltd., ResinTech Inc., and Jiangsu Suqing Water 
Treatment Engineering Group Co., Ltd.
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