The import of ion exchangers based on polymers to Malaysia shows a notable trend. In 2023, the volume import stood at 11.013 million kilograms. The market has experienced fluctuations over the past decade, with significant growth phases such as a 134.22% increase in 2018. However, it also faced declines, such as an 11.25% drop in 2020. The last two years saw moderate growth with a 5.42% year-on-year increase in 2023 and a previous jump of 11.42% in 2022. The Compound Annual Growth Rate (CAGR) averaged 2.3% over the last five years.
For the future, the forecast indicates a continuous upward trend with a 3.74% five-year CAGR, reaching a volume of 13.94 million kilograms by 2028. A 20.17% total growth rate projected over this period suggests steady demand. It's essential to monitor factors such as technological advancements in polymer ion exchangers, potential local production capabilities, and shifts in demand from key industries using these materials.
