Ion Exchange Resin Market Size

Ion Exchange Resin Market size was valued at USD 3.38 billion in 2024 and is set to exceed USD 8.45 billion by 2037, expanding at over 7.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ion exchange resin is evaluated at USD 3.58 billion. The growth of the market can be attributed to the increasing amount of water being treated all across the world. Ion exchange resin helps in extracting the organic minerals from the water. Deduced to data from 128 nations representing 80% of the world's population, 56% of home wastewater flows were safely treated globally in 2020 as per the data of the United Nations. Moreover, in 129 nations, there are around 109,000 municipal wastewater treatment facilities that serve nearly 3 billion people, or approximately 35% of the world's population.

In addition to these, factors that are believed to fuel the ion exchange resin market growth of ion exchange resin include the growing demand for microchips all across the world. Ion exchange resins are made specifically to fulfill the exact specifications of the electronics industry for wafers and microchips. Owing to the huge shortage of semiconductor chips during the pandemic, manufacturers are boosting their production. Moreover, to decrease the effects of global supply-chain disruptions, some governments are likewise increasing their investments in semiconductor technology. On the other hand, growing production and mining of rare minerals are also expected to boost the market growth.