Global and Major Regions Consumption Volume, Consumption Value and Growth Rate of Chelating Resins Market 2017-2022

Rockville, US, 2018-Jun-28 — /EPR Network/ —A fresh study, covering “Chelating Resins Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028” has been broadcasted to wide online repository of FactMR, which presents deep focus on the Chelating Resins Market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make the research a powerful source for analysts and industry experts who are looking to gain necessary knowledge about the prevailing market trends, opportunities and drivers present in the Chelating Resins Market.

Market Outlook

Conventional amine type ion-exchange resins and sulfonic acid are widely utilized in various commercial applications, including industrial wastewater treatment and recovery & production of metals. However, these resins have limited use in specialized applications such as pre-concentration and removal of trace metals for analysis purpose, removal of radionuclides from highly acidic waste streams and treatment of industrial wastewater to the parts per billion level. Thus, chelating resins were introduced in the market.

Chelating resins are widely adopted in metal removal and recovery applications, in the recovery of precious metals as well as in the removal of impurities that may be present in the form of traces. The global chelating resin market across the globe has registered healthy growth in the recent past and is further expected to exhibit significant growth in the near future.

Limited Availability of Fresh Water and Regulation towards Water Conservation

According to the United Nation’s Water report, of the total water available water on Earth’s surface, only 0.5% is fresh water, which can be utilized for consumption and 60% of this fresh water is unevenly distributed with a major share concentrated among ten countries of the world. Thus, there is increase in the demand for water treatment chemicals, which is expected to drive the growth of the global chelating resins market.

Over the past decade, fresh water availability has declined significantly across the globe. In addition, water pollution has also witnessed a steady increase. Moreover, growing industrialization has resulted in a significant rise in the volume of wastewater generated, primarily from power generation and effluent treatment plants.

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Rising Utilization of Alternative Technologies and Products

Chelating resins have proved to be effective in the water treatment process across a variety of applications. Disadvantages associated with the utilization of chelating resins have led to increasing efforts towards adoption and development of other effective alternative technologies such as dual mechanism bifunctional polymers (DMBPs). As compared to conventional ion-exchange resins, DMBPs utilize chelating ligands to achieve selectivity of many metals. Combining selectivity and hydrophilicity, DMBPs have overcome the limitations of chelating resins (uptake kinetics) and conventional resins (selectivity) and offer a resin that quickly removes metals from remediation, waste and process streams.

Launch of Novel, Innovative & Application-Specific Product Offerings

Conventionally, chelating resins have been primarily used in applications such as water treatment and mining. During the initial years of the last decade, the supply of chelating resins was concentrated among a few players such as Dow Chemicals and LANXESS. However, in the recent past, small and medium sized players who manufacture relatively low priced product offerings have emerged, especially in China. As a part of their strategy, prominent players have channelized efforts towards the development of application specific, tailored product offerings. Further, these companies have also laid emphasis on novel products for novel applications and to cater to the growing demand from relatively niche applications.

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Global Chelating Resins Market: Key Players

Some of the key players identified across the value chain of the global chelating resins market include DowDuPont, LANXESS, Mitsubishi Chemical Corporation, Purolite, Sunresin, Suqing Group, Thermax, Ningbo Zhengguang Resin Co., Ltd., Kaiping Shanghai resin Co., Ltd., Zibo Dongda Chemical Industry Co., Ltd. and others.

Opportunities for Market Participants

Research and development, new product launches and novel-based technologies will prove to be quintessential in enhancing profitability in the chelating resins business. Attributing to the growth of end-use industries such as mining and water treatment, market participants across the globe have a significant opportunity.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study are followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes. 

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the market, including background and evolution
• Macroeconomic factors affecting the market and its potential
• Market dynamics, such as drivers, challenges and trends
• Detailed value chain analysis of the market
• Cost structure of the products and segments covered in the market
• In-depth pricing analysis, by key product segments, regions and by market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global market
• Analysis of the global market structure, including a tier-wise categorization of key market participants
• Competitive landscape of the market, including detailed profiles of top players in the market

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