openPR Logo
Press release

Good Growth Opportunities in Chelating Resins Market

12-11-2018 11:20 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Chelating resins come under the category of ion exchange resins. These are mostly utilized in binding the cations. These resins use chelating compounds that are connected to a polymer matrix through a covalent bond. However, the chelating resins have exact same polymer matrix and bead form as those of conventional ion exchangers.

Request Report Sample @ www.factmr.com/connectus/sample?flag=S&rep_id=594

Sulfonic acid and the conventional ion-exchange resins are extensively used in several industrial applications such as recovery and creation of metals, industrial wastewater treatment. Be that as it may, these resins have constrained use in particular applications, for example, evacuation of metal traces for examination reason and pre-concentration, elimination of radionuclides from treatment of modern wastewater to the parts per billion level and exceptionally acidic waste streams. In this way, chelating resins were launched in the market.

Over the previous decade, accessibility of fresh water has declined notably all over the globe. Moreover, water contamination has likewise seen a consistent rise. Also, developing industrialization has brought about a critical increase in the volume of produced wastewater, essentially from efficient treatment plants and power generation.

Chelating resins have turned out to be successful in the water treatment process for various usage. Drawbacks related with the usage of chelating resins have prompted increased endeavors towards advancement and adoption of other successful alternative technologies.

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.

Request for Brochure @ www.factmr.com/connectus/sample?flag=B&rep_id=594

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.

Global Chelating Resin Market: Segmentation

The global chelating resins market can be segmented on the basis of product type and application.

Based on the product type, the global chelating resins market can be segmented as follows:

Iminodiacetate
Polyamine
Glucamine

Based on the application, the global chelating resins market can be segmented as follows:

Mining
Metal Scavenging
Water Treatment
Others

Based on the end-use industry, the global chelating resins market can be segmented as follows:

Metal Finishing
Chemical
Others

Key Developments

Recently, Thermax developed the new chelating resin (Tulsion CH-27) for the selective recovery of precious metals from challenging industrial process solutions
In June 2017, Purolite launched the Puromet brand to identify and differentiate products that are specifically designed for metal recovery, removal and sequestration processes
In 2017, various scientists have developed a series of polyacrylamide chelating resins that are cross-linked for mercury extraction

Global Chelating Resin Market: Regional outlook

The global chelating resins market can be segmented into the following regions – North America, Latin America, Western Europe, Eastern Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. China and South East Asia-Pacific regions are estimated to dominate the global chelating resin market owing to rising demand from the mining application. China dominates the world in terms of global mining output. Latin America, over the forecast period, is expected to witness relatively healthy growth owing to the growing mining industry in countries such as Peru, Chile and Argentina. North America, spearheaded by the U.S. is expected to grow at a moderate rate in the near future. Europe and MEA in the global chelating resins market are expected to account for a relatively low share over the next decade.

Request TOC of this Report @ www.factmr.com/connectus/sample?flag=T&rep_id=594

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.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact us

Fact.MR

353-1-6111-593

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Email: sales@factmr.com

Web: www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Good Growth Opportunities in Chelating Resins Market here

News-ID: 1431697 • Views: 82

More Releases from Fact.MR

07-12-2019 | Health & Medicine
Fact.MR
Imminence of New Gonorrhea Therapeutic Drugs is Evident as the Bacteria Grow ‘ …
According to a new study of FactMR, the gonorrhea therapeutics market will reach ~US$ 970 Mn in 2019, and estimated to register a 4% Y-o-Y over 2018. The gonorrhea therapeutics industry will remain influenced by increased attention on new developments in novel therapeutic compounds or antimicrobials for improving the success potential of future treatment. There has been a significant rise in the prevalence of gonorrhea that is resistant to components of
Motorcycle Market Projected to Witness a Single-Digit CAGR During 2017 to 2026 | …
In order to dissert the market scenario prevailing across the motorcycle market sector, FactMR has evenly presented a comprehensive motorcycle market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the motorcycle market in the coming years. In addition, factors such as market
Comprehensive Research Report on Global Motorcycle Accessories Market until the …
In order to dissert the market scenario prevailing across the motorcycle accessories market sector, FactMR has evenly presented a comprehensive motorcycle accessories industry analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the motorcycle accessories market in the coming years. In addition, factors
Functional Workwear Apparel Market Investigation and Growth Forecasted until the …
According to the latest report by Fact.MR, the global functional workwear apparel market is expected to witness sluggish growth. The market is estimated to increase to 2.6% CAGR during the forecast period 2017-2026. The market is also projected to bring in US$ 749.3 million revenue by the end of 2026. Owing to the rise in industrial and service sector, companies are moving towards providing workwear apparel offering safety, comfortability, thereby

All 27764 Releases