Chelating Resin Market Overview to 2023
The chelating resin is a special type of ion exchange resins, which is made by covalently attaching the chelating agent to a polymer matrix. It offers the advantage of high selectivity and high bonding strength over other types of resin. The chelating action is based on the type of functional groups such as iminodiacetate, polyamine, glucamine, thiourea, amino phosphate acid, and sulfhydryl. Polymer matrices are either synthetic or natural organic polymers, which are often insoluble in water and other organic solvents. The synthetic organic polymers are cross-linked such as a styrene-divinylbenzene copolymer. The natural organic polymers used are chitin, cellulose, and agarose. Chelation resins are widely used for water treatment, metal removal, and recovery applications, and brine decalcification in the chlor-alkali industry among other.
Furthermore, the ion exchange resin market has been witnessing rising growth over the last few years. Key players are majorly investing in R&D activities and showcasing the untapped potential of ion exchange across the various end-use industry. For instance, Sunresin New Materials Co. Ltd. Xian offers ion exchange and adsorbent resins, which find application in healthcare for decolorization and purification of fermentation liquor in antibiotics, vitamins, proteins, and other medical applying chemicals.
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Some of the prominent players operating in the global chelating agent market are Mitsubishi Chemical Corporation (Japan), Purolite (U.S.), DowDuPont, Inc. (U.S.), 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. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific (India), and Ajinomoto Fine-Techno Co., Inc. (Japan).
The global chelating resin market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Asia Pacific dominated the global chelating resin market in 2017 and is expected to continue dominating during the forecast period due to a significant demand for chelating resin from both mining industry and water treatment applications and is expected to continue the same during the forecast period.
The Middle East & Africa was following Asia Pacific in terms of market size in 2017 and is expected to exhibit strong growth during the forecast period. The market growth is attributed to the high demand from the growing mining industry of Africa. However, the Middle East region is contributing the least to the market growth on account of its fewer mineral reserves.
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However, development of other technology such as dual mechanism bifunctional polymers (DMBPs) may hamper the market growth to some extent. Additionally, environmental regulations against the indiscriminate mining are also expected to affect the growth of the global chelating resin market negatively during the forecast period.