Chelating Resins Market Analysis -
The Chelating Resins Market was valued at USD 78.2 million in 2018 and is expected to register a CAGR of 2.4% during the forecast period, 2021–2030.
The chelating resins industry is expanding citing growing demand from the pulp paper industry in the recent years. Market intensive reports associated with the chemicals materials industry among others recently have been made accessible by Market Research Future which issues reports on this industry. The market for chelating resins is estimated to expand at a high CAGR rate and revenues in the forecast period.
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Some of the prominent players operating in the Chelating Resins Market are Mitsubishi Chemical Corporation (Japan), Purolite (U.S.), DowDuPont (US), LANXESS (Germany), Ningbo Zhengguang Resin Co., Ltd (China), Zibo Dongda Chemical Industry Co., Ltd. (China), Suqing Group (China), Sunresin New Materials Co. Ltd. Xian (China), Thermax Global (India), Merck KGaA (Germany), SERVA Electrophoresis GmbH (Germany), Samco Technologies, Inc. (US), Bio-Rad Laboratories, Inc. (US), Thermo Fisher Scientific (India), and Ajinomoto Fine-Techno Co., Inc. (Japan)., and others.
The use of chelating resins in the treatment of industrial wastewater and in removing of radionuclides from waste streams that are highly acidic. Metal removal and recovery applications are among the other primary applications that are increasing the development pace of the market with rise in the mining and exploration activities. The rising need to ensure availability of safe drinking water has increased the demand from the water treatment sector to a large extent. This rising demand from the eater treatment sector for chelating resins can be attributed to the rapid depletion rate of water in reservoirs and scarcity of rainfall. In addition to this, the escalating demand from the consumer end is motivating investments by industry leaders as well as attracting new players in the market. The requirement for controlling corrosion in various industrial processes is expected to provide a further boost to the expansion of the market. The segmentation of the chelating resin market includes segmentation on the basis of product which consists of organophosphate, sodium gluconate, aminopolycarboxylate (APCA), and glucoheptonate among others. The applications segment of the market consists of the following applications such as household industrial cleaning, pulp paper industry, agrochemicals, chemicals, consumer products, water treatment, and pharmaceuticals among others. For the past few decades, automotive designers replaced heavier metal components with engineering plastics and composites. This practice has now broadened beyond exterior components and interior fixtures. advances in polymer technology has made it possible for engineers to have a wider range of new and lighter options for underhood and drivetrain components. Significantly, these materials offer greater design liberty and fit in well with the light weighting strategies. But these replacements also necessitate the use of products like Chelating Resins thus acting as indirect drivers for the Chelating Resins Market.
In the construction industry as well, Chelating Resins are being widely used as they are being made necessary by innovative solutions for polymer improvement. Polymers are being used in making roofs and outdoor decks more weather-proof, window frames more aesthetic, and due to the protection given by light stabilizers as well as a strong heat resistance resulting from the use of antioxidants or Chelating Resins, plastics for industrial, building and construction solutions are well protected against temperature or even against intense UV radiation, as well as other difficult weather conditions. Furthermore, the statistical surveying report focuses on the product specifications, cost, production capacity, marketing channel, list of the distributors, and a comprehensive analysis of the import and export of the product. Upstream raw materials, downstream demand analysis, as well as the list of consumers have been studied systematically, along with the supplier and cost of this industry. The product flow and distribution channel have also been presented in this research report.
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Segment Study of Chelating Resins Market :-
The global chelating resin market has been studied by segmenting the market by the functional group, and application.
By functional group, the chelating resin market has been segmented into iminodiacetate, polyamine, glucamine, thiourea, amino phosphate acid, sulphydryl, fluoride selective, and aminomethyl phosphoric. The iminodiacetate segment is expected to lead the chelating resin market due to its easy availability in the market and lower cost. Other segments based on the functional group are also expected to showcase significant growth during the forecast period due to skyrocketing demand for chelating resin across the globe.
By application, the chelating resin market has been segmented into water treatment, mining metallurgy, pharmaceuticals, and food beverages. The segment of water treatment accounted for the highest share of the chelating resin market in 2017 and is estimated to do the same during the forecast period. Growing mining and metallurgy industry in the countries of Africa, Europe, and Latin America is attributable to significant growth showcased by the mining metallurgy segment.
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Chelating Resins Market Market - Geographical Analysis :-
The chelating resin market has been regionally segmented into the Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The Asia Pacific held the biggest market share for chelating resin in 2017 and is anticipated to continue doing the same during the review period. Attributable factors include growing demand for chelating resin from both the mining industry and water treatment applications in the region.
North America is estimated to witness steady growth during the forecast period owing to the huge mining industry in Canada. Europe is expected to show high demand for mining chemicals due to ongoing research development activities in the mining industry, during the forecast period. Alternatively, Latin America held the least market share during 2017 due to poor economic stability. However, during the forecast period, Latin America is anticipated to witness a rising demand due to major mining reserves and promising mining potential.
The Middle East Africa comprise the second largest market share, after the Asia Pacific and is expected to garner lucrative growth during the assessment period. Such growth can be attributed to the rapidly growing demand for chelating resins in the mining industry in Africa. Whereas, the Middle East region is anticipated to contribute the least growth to the chelating resin market due to lesser mining reserves.
April 2018 Lanxness has presented its product a chelating resin Lewatit TP 207 which is a weak acidic, monodisperse and exhibits high selectivity in a neutral solution for bivalent heavy-metal ions. It can be utilized to selectively remove copper ions, as well as nickel, lead, or zinc.
In October 2018, LANXESS Liquid Purification Technologies, a leading supplier of products for treating water and other liquid media, presented their new chelating resin at the FlemionTM Seminar held in Amsterdam. The new class of ion exchange resins will enhance the efficiency of brine treatment in chlor-alkali electrolysis.
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