Rockville, MD -- (SBWIRE) -- 07/28/2018 -- 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.
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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.
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.
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.
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.
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.
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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.
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