Fact.MR, a leading market research and competitive intelligence provider, estimates that the global demand for chelating resins will reach USD 470.6 million in 2022 and grow at a CAGR of 5.1% between 2022 and 2032.

Chelating resins, recognized as one of the most widely used specialty ion exchange resins, are valued for their ability to selectively remove specific metals and other materials. Compared to traditional ion exchange resins, chelating resins offer enhanced selectivity for certain metal ions, leading to more efficient separation processes. This improved separation capability enhances the quality and performance of downstream end products, making chelating resins a preferred choice across various industries.

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The chemical industry, driven by the chlor-alkali segment, stands out as the most attractive end-use sector for chelating resins. This is primarily due to the growing demand for value-added products worldwide. The application of chelating resins in chlor-alkali production plants has led to an increased need for higher production capacity to meet rising demand.

Additionally, the extensive use of chelating resins in wastewater treatment plants is a significant factor expected to propel the market's growth trajectory during the forecast period. This trend underscores the importance of chelating resins in ensuring efficient and sustainable industrial processes.

Key Takeaways from Market Analysis

  • The global chelating resins market is projected to grow at an impressive CAGR of 5.1%, reaching a valuation of USD 773.8 million by 2032.
  • From 2017 to 2021, the market expanded at a CAGR of 4.1%, reflecting steady growth driven by rising industrial applications. Chelating resins with picolylamine as a functional group remain the most preferred, accounting for a 34.1% market share in 2022, due to their effectiveness in various industrial processes.
  • East Asia leads the global chelating resins market, driven by significant industrial activity and demand for advanced chemical solutions.
  • The primary application of chelating resins is as a purification and separation agent, widely used in numerous chemical processes to enhance product quality.
  • Additionally, the demand for polystyrene matrix chelating resins is anticipated to grow at a robust CAGR of 5.6% by 2032, further bolstering the market's outlook.

Eminent Player’s Key Strategies on Chelating Resins

  • 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.

Manufacturers are strategically moving towards forward integration to simplify value chain complexities and strengthen their market presence. Additionally, many are transitioning into full-service providers, gaining a competitive advantage over rivals.

Key strategies employed by manufacturers include adopting technological innovations to offer cost-effective pricing solutions and enhance the effectiveness of products for specific end-use applications. To further bolster their market position in this highly mature and fragmented industry, manufacturers are leveraging both organic and inorganic marketing strategies, ensuring sustained growth and competitiveness.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global chelating resin market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of functional group (iminoacetic group, aminophosphonic, glucamine group, oxime group, phosphonic + sulphonic group, phosphorous group, thiol group, thiourea group, picolylamine group, quaternary amines), 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, metals & mining, wastewater treatment), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa)

Read More: https://www.factmr.com/report/594/chelating-resins-market 

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