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Global Chelate Resins Market is Projected to Reach US$ 116 Mn by 2024

Author: QYResearch | Publish date: 2018-08-17 | Views: 48
New report published by QY Research which offers insights on the global Chelate Resins market. The Chelate Resins market has been experiencing steady growth graph since past years. During the 2017-2024 timeline, The Chelate Resins industry was 103 million USD in 2017 and is projected to reach USD 116 million USD by 2024, at a CAGR (Compounded Annual Growth Rate) of 2.06% between 2017 and 2024. The market is driven by various end-user industries, such as Chlor Alkali Industry, Electroplating Industry, Chemical Industry.

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Global Chelate Resins Market: Market Driver and Restraint

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.


As China’s economy has opened up, the nation’s rising middle and upper classes have created a sharp increase in demand for Chelate Resinss. Tempted by the enormous potential of the Chinese domestic market, as well as by the lure of cheap goods manufactured for the West, foreign interests have built new Chelate Resins factories in China, bought existing factories, or contracted with existing factories for the manufacture of Chelate Resinss. The government has also poured money into its own factories to make them more quality competitive and to accommodate the growing demand.


Global Chelate Resins Market: Key Takeaways

Chelate resins, belonging to the family of iron exchange resin, are styrene-divinylbenzene polymers to which iminodiacetate groups are introduced. This functional group forms complexes with all the metallic elements except the alkali metals. Each manufacturer has his own brand series products to clients.

Now this order is being disturbed by globalization. High-end and lowend makers are, to some extent, adopting each other’s methods and narrowing the differences between them. On the one hand, some Western European and American makers of high-end Chelate Resinss are partially computerizing the manufacture of their “hand-built” Chelate Resinss, quietly sourcing parts and subassemblies from China, and developing less expensive product lines in Eastern Europe and Asia. On the other hand, some Korean and Chinese makers are importing parts and technology from Germany, Japan, and the U.S., producing Chelate Resinss that sometimes rival the performance of more expensive Chelate Resinss from the West. Global alliances are bringing new products to market that are more hybridized than anything we’ve seen before. Although the old pecking order still has some validity, the number of exceptions is increasing, causing temporary confusion in the marketplace until a new order emerges.


Global Chelate Resins Market: Forecast by Nature

As for consumption, China is the largest consumer, whose consumption volume was 2565 MT in 2016. Global consumption volume of chelate resin will keep upward tendency and reach to 94444 MT in 2022. It is estimated that competition for the industry will be intensified, impacted by the competitors from industrial insiders as well as the threat of substitutes, and price of chelate resin is estimated to decrease further.


Global Chelate Resins Market: Forecast by Application

On the basis on the end users/applications, Chelate Resins market report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, this can be divided into: Chlor Alkali Industry, Electroplating Industry, Chemical Industry, Other

As for the application, chelate resins are used to remove base metals, boron, mercury and so on. There is no doubt that chlor-alkali industry owns the largest application share, which was 43.80% in 2016, followed by chemical industry with 26.51% market share. Besides the two major applications, uses in other fields are also expanding, indicating a promising market.


Global Chelate Resins Market: Forecast by Form

The threat of substitutes arises when there are similar products developed by competitors which satisfy the market needs. When consumers have access to substitute products which can satisfy their market needs, then manufacturers and suppliers lose their bargaining power. Consumers are able to purchase competitor's products if they are not satisfied with product price or quality. In order for suppliers to tackle the challenge of threat of substitutes, they have to innovate products which meet the needs of their target market segments.


Although other iron exchange resin has similar effects in some aspects, chelate resin still have its own distinctive advantages, which leads it to not be replaced easily.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/538709/global-centrifugal-compressors-sales-market


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