The Chelating Resins Market Is Forecast to Cross a Valuation of US$ 700 Mn by 2030

Chelating resin is part of ion exchange resins and used selectively for processes requiring very minute separation of metals. The resin structure for both, chelating and ion exchange resins is somewhat similar but in contrast to ion exchange resins, Chelating resins catch a metal ion with a functional group that can form a chelate (complex) with the metal ion.
This technology has been quite useful to effectively extract metal impurities such as mercury from wastewater, alkaline earth metal from brine solutions, and many more. In comparison with conventional ion exchange resins, chelating resins possess higher selectivity towards specific metal ions. Thus, improved separation is possible with chelating resins if used in system. Chelating resins have witnessed steady demand over the last two to three decades. Key focus of manufacturers has been on product optimization and lateral integration. By solving all customer-related technicalities, manufacturers are set to enhance client engagement and product performance.
Elimination of toxic waste, recovery of heavy metals from electroplating, metal mining, and brine purification are processed that will collectively boost consumption of chelating resins over the coming years, claims Fact.MR, in its recently published report. As per the report, the market is forecast to cross a valuation of US$ 700 Mn by 2030, expanding at a healthy CAGR of around 5% over the forecast period of 2020 to 2030.
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Key Takeaways from Market Study
• The chelating resins market is anticipated to add 1.6X value by 2030 as compared to 2020.
• Increasing demand for chelating resins for brine purification, followed by electroplating application, is expected to drive consumption of iminoacetic acid and aminophosphonic type chelating resins over the coming years, with both accounting for nearly 3/4 market share by 2030-end.
• The chlor alkali space presents prolific growth opportunities for chelating resins, and will account for nearly half of the total value opportunity over the forecast period.
• Despite losing significant market share by 2030, polystyrene divinylbenzene will continue to be the dominant matrix used in chelating resin manufacturing, representing a total share of close to 2/3 by 2030-end.
• China accounts for a major chunk of the supply in chelating resins with nearly 60% of total production clustered in the country.
• The market in the U.S. and Germany is projected to expand at a steady CAGR of around 5% respectively, though 2030.
"With the effects of COVID-19 hitting hard, production of resins was affected. Manufacturers are now focusing on tracking end-user requirements to deliver optimum resins in the market", says a Fact.MR analyst.
Price Rise in Consideration to Supply Constraints and Raw Materials Cost
The global chelating resins market is consolidated in nature, with top players accounting for bulk of the market share. Stakeholders need to worry about their market presence, as several mid-scale players from China and India have taken over major clients by providing them products at affordable rates. Pricing of chelating resins from Chinese manufacturers has been on the lower side, and there have been hardly any price increase announcements from these players. Chelating resins have witnessed a sharp rise in prices in the historical timeframe. Top players in market hold strong decision power in terms of global pricing.
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Key Segments Covered in Study
Functional Group
• Iminoacetic Group
• Aminophosphonic
• Glucamine Group
• Oxime Group
• Phosphonic + Sulphonic Group
• Phosphorous Group
• Thiol Group
• Thiourea Group
• Picolylamine Group
• quaternary Amines
• Polyamines
Matrix Type
• Polystyrene
• Polystyrene Divinylbenzene
• Polyacrylic Divinylbenzene
Application
• Separation & Purification
• Treatment of Wastewater and Effluent
• Removal of Impurities
• Biochemistry
• Others
• End-use Industry
• Electroplating
• Chemicals
• Chlor Alkali
• Biomedical
• Others
Metal & Mining
• Cobalt
• Nickel
• Copper
• Lithium
• Gold
• Rare Earth Metal
• Others
Waste Water Treatment

In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of chelating resins, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of chelating resins has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses
Key companies Profiled:
• LANXESS
• Mitsubishi Chemical Corporation
• Purolite
• DuPont
• Sunresin New Materials Co. Ltd.
• Ion Exchange (India) Limited
• Thermax Limited
• Suqing Group
• Samyang Corporation
• ResinTech
• SH Scenic Resin Co. Ltd.
• Jiangsu Widevision Environmental Protection Technology Co., Ltd
• Ajinomoto Fine-Techno's Inc
• Zhejiang Zhengguang Industrial Co., Ltd.
• Jacobi Resinex
• Zibo Dongda Chemical Industry Co., Ltd.
• Shandong Zibo Haofu Synthetic Resin Co., Ltd.
• Bleach Co., Ltd
• Minsheng Resin Technology Co., Ltd
• Hebei Lijiang Biological Technology Co., Ltd
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Report Summary
The study offers comprehensive analysis on diverse features, including production capacity, demand, product developments, revenue generation, and sales of chelating resins across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of chelating resins during the forecast period. Price point comparison by region with global average price is also considered in the study.

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