The global ion exchange resins market size was US$ 1.91 billion in 2021. The global ion exchange resins market is forecast to grow to US$ 2.9 billion in 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
Ion exchange resins are a type of product that is used to treat animal hides before they are turned into leather. Burr, tanning and finishing, waterproofing agents, and drum dyeing all require ion exchange resins at different stages of the leather processing. When deformed, they are frequently defined as alloys that return to their original shape. These lightweight alloys offer an alternative to traditional actuators like pneumatic, hydraulic, and motor-driven systems.

Factors Influencing the Market
Primary factors such as the increasing use of ion exchange resins in end-use industries such as the shoe and textile industries are driving the growth of the ion exchange resins market.
The use of ion-exchange resins such as systems, polymers, dyeing aids, and fatliquoring agents has been growing due to the rising demand for aesthetically pleasing leather shoes. In addition to that, the benefits of ion exchange resins, such as improved dimensional stability, softness, and tack, will contribute to the growth of the overall market.
Due to the increased use of these chemicals for pH neutralization, pH lowering in chrome plating, and the adhesion of dye products to leather, other applications of ion exchange resins such as chromium sulfate, formic acid, sodium bicarbonate, and degreasers are gaining in importance. As a result, it will benefit the global ion exchange resins market during the analysis period.
In the near future, the growing awareness of water purification and softening in industrial applications is expected to drive the growth of the global ion exchange resins market.
Ion exchange resins can also help remove chlorine, organic compounds, and radioactive elements like uranium, thorium, and lanthanum, broadening their wide applications in chemical processing, food and beverage processing, wastewater treatment, power generation, electronics, and mining, will propel the global ion exchange resins market forward. On the contrary, strict rules and regulations associated with the use of ion-exchange resins may limit the growth of the market.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for ion exchange resins declined due to the suspension of industrial activity. Furthermore, weak consumer confidence, store closures, and an effect on consumer incomes further impacted the growth of the ion exchange resins market. Moreover, governments of several countries have imposed travel restrictions that created labor shortages, interruptions in the supply chain, and shipping delays, which further impacted the growth of the ion exchange resins market.

Regional Analysis
The Asia-Pacific ion exchange resins market is forecast to register a substantial growth rate, owing to the continuous increase in the production of ion exchange resins. Furthermore, the rising global population and the presence of various industrial hubs in countries like China, India, Malaysia, and Saudi Arabia will offer ample growth opportunities for the ion exchange resins market.

Competitors in the Market
Lanxess AG
The Dow Chemical Company
Purolite Corporation
Mitsubishi Chemical Corporation
Thermax Limited
Ion Exchange (India) Ltd.
Novasep Holding SAS
Samyang Corporation
ResinTech Inc
Anhui Sanxing Resin Technology Co. Ltd.
Other Prominent Players

Market Segmentation
The global ion exchange resins market segmentation focuses on Type, Application, End-Use, and Region.
By Type
Cationic Resins
Anionic Resins
By Application
Water
Non-Water
By End-Use Industry
Power
Chemical & Petrochemical
Pharmaceutical
Food & Beverage
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America