Chelating Resin Market: Growing demand from the mining industry is projected to drive the market during the forecast period 2021-2030

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Chelating Resin Market Research Report.

The global chelating resin market is segmented by functional group, application, and region.

On the basis of the functional group, the global chelating resins market is segmented into iminodiacetate, polyamine, glucamine, thiourea, amino phosphate acid, sulphydryl, fluoride selective, aminomethyl phosphoric, and others. The iminodiacetate is the most commonly used functional group in the chelating resin market due to its easy availability and low cost and is expected to continue leading during the forecast period. However, other types of functional groups are also expected to show significant growth during the forecast period due to the large-scale demand for chelating resin across the globe.

On the basis of the application, the global chelating resins market is segmented into water treatment, mining & metallurgy, pharmaceuticals, food & beverages, and others. The water treatment application accounted for the major market share in 2017 owing to its effective selectivity over other ion exchange resins and is expected to show significant demand during the forecast period. However, mining and metallurgy are also expected to show the high demand of chelating resins during the forecast period owing to the growing mining & metallurgy industry in countries such as Africa, Europe, and Latin America on account of its huge market potential.

Regional Analysis

The global chelating resin market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific dominated the market for chelating resin, as of 2017 and is expected to continue similar growth during the forecast period. The Middle East & Africa is likely to be the second largest market for chelating resin in terms of market size and is expected to show growing demand during the forecast period. North America is expected to show steady growth during the forecast period. Europe is expected to witness rising demand for chelating resin during the forecast period. Latin America is expected to exhibit increasing demand during the forecast period.

Competitive Analysis

Some of the key players 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).

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