Id: CBI_2705 | Pages: 298 | Format : PDF | Published : | Author : Consegic Business Intelligence | Category : Materials And Chemicals
The chelating resins market size is growing with a CAGR of 4.8% during the forecast period (2025-2032), and the market is projected to be valued at USD 752.48 Million by 2032 from USD 520.21 Million in 2024. Additionally, the market value for the 2025 attributes to USD 543.16 Million.
Chelating resins are a type of ion exchange resin that utilize chelating agents to bind to specific metal ions through chelation. They consist of a polymer matrix to which chelating ligands are attached via covalent bonds. Key characteristics include higher selectivity and stronger bonding with metal ions. Based on functional group, these resins are classified into iminodiacetate, polyamine, glucamine, thiourea, and others. They offer various advantages such as water purification, brine decalcification, and efficient metal separation. Due to these advantages, these resins are used in various applications such as wastewater treatment, chemical processing, metal extraction & recovery, and others. Additionally, the adoption of wastewater treatment is growing to reduce water pollution, further driving the market growth.
Wastewater treatment is the process of removing contaminants from wastewater to make it safe for reuse. In this process, chelating resins are used to remove toxic heavy metals such as copper, nickel, zinc, lead, and mercury from wastewater. The countries are investing in wastewater treatment supported by growing water scarcity and government support further driving the market.
Hence, rising demand in wastewater treatment is leading to chelating resins market expansion.
In the chemical sector, chelating resins are used to remove calcium and magnesium ions from the brine. They are also used in chemical production to remove impurities, ensuring high purity chemicals for various applications. Chemical production is expressing growth due to rising adoption across various sectors such as automotive and agriculture along with technological advancements in chemical processing.
Hence, rising adoption in the chemical sector is creating chelating resins market demand.
The commercialization of alternatives such as solvent-impregnated resins, green polyampholytic ionic scavengers is growing. They provide similar advantages to that of chelating resins. The solvent-impregnated resins are widely incorporated in wastewater treatment due to simple preparation methods and exclusive properties. Furthermore, green polyampholytic ionic scavengers are preferred due to sustainability concerns for heavy metal removal from aqueous solutions. Additionally, adoption of other ion exchange materials such as strong acid cation exchange resins, strong base anion exchange resins, and activated carbon is growing to remove contaminants from wastewater. Hence, growing commercialization of alternatives is constraining chelating resins market growth due to low cost and sustainability.
Mining sector involves the extraction of valuable geological materials and minerals from the surface of the earth. In this sector, chelating resins are used in heap leaching process to increase metal recovery rates for uranium, aluminum, and copper. They are also utilized to prevent scale build-up in the equipment ensuring efficient mining operations. The mining sector is expanding due to rising minerals adoption in infrastructure along with government support.
Thus, expanding the mining sector is expected to create chelating resins market opportunities.
Based on functional group, the market is categorized into iminodiacetate, polyamine, glucamine, thiourea, and others.
Trends in Functional Group:
The iminodiacetate segment accounted for the largest market share in the year 2024.
The polyamine segment is expected to grow at the fastest CAGR over the forecast period.
Based on application, the market is categorized into wastewater treatment, chemical processing, metal extraction and recovery, and others.
Trends in Application:
The wastewater treatment segment accounted for the largest market share of 39.21% in the year 2024.
The metal extraction and recovery segment are expected to grow at the fastest CAGR over the forecast period.
The regional segment includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
In 2024, Asia Pacific accounted for the highest market share at 41.38% and was valued at USD 215.21 Million and is expected to reach USD 300.01 Million in 2032. In Asia-Pacific, the China accounted for the highest chelating resins market share of 34.61% during the base year of 2024. As per analysis, Asia Pacific region holds a dominant position in the market due to growing investment in wastewater treatment process. In this process, chelating resins are used to remove phosphorous ions to reduce environmental damage. They also reduce water hardness and prevent calcium buildup in wastewater. Countries such as China, India, and South Korea are major contributors in the region due to expanding wastewater treatment facilities.
Therefore, due to the above-mentioned factors, the Asia Pacific region is dominating in the market as per analysis.
Europe is expected to witness the fastest CAGR of 5.7% over the forecast period of 2025-2032. According to chelating resins market analysis, Europe region is growing considerably in the market driven by stringent environmental regulations. These regulations are encouraging the use of effective exchange materials such as chelating resins in chemical processing and wastewater treatment. Additionally, countries such as Germany, France, and United Kingdom are major contributors in the market due to strong research and development in non-toxic and eco-friendly ion exchange materials. Hence, the chelating resins market share of Europe is expected to emerge rapidly through stringent environmental regulations as per analysis.
As per chelating resins market analysis, the North America region is growing rapidly driven by advancements in technology. Advancement in polymerization and functionalization processes have enhanced the efficiency, sustainability, and cost-effectiveness of the chelating resins. Innovations in automation and artificial intelligence driven process control are optimizing production and ensuring high-performance resins for various applications such as chemical processing and metal extraction. This is further fueling the market in the region.
The Middle East & Africa region is experiencing moderate growth in the market driven by growth in mining sector. In this sector, chelating resins are used in acid mine drainage treatment to prevent environmental contamination. It is also used in the processing of low-grade ores for effective metal extraction. Additionally, countries such as Saudi Arabia, UAE, and Iran are major contributors in the market due to growing investment in mining industry.
As per market analysis, Latin America is experiencing steady growth in the market driven by the expanding chemical sector. In this sector, chelating resins are used in the purification of rare earth elements, essential in electronics and nuclear sectors. They are also utilized in the catalysts recovery and recycling to enhance cost efficiency in chemical analysis. Further, in countries such as Brazil and Argentina chemical manufacturing plants are expanding. This is leading to chelating resins market expansion across the region.
The chelating resins industry is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global chelating resins market. Key players in the chelating resins industry include-
Report Attributes | Report Details |
Study Timeline | 2019-2032 |
Market Size in 2032 | USD 752.48 Million |
CAGR (2025-2032) | 4.8% |
By Functional Group |
|
By Application |
|
By Region |
|
Key Players |
|
North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
|
In 2024, the chelating resins market is USD 520.21 million.
Europe is the fastest-growing region in the chelating resins market.
Functional Group and Application are covered in the chelating resins market.
Mitsubishi Chemical Group Corporation (Japan), Ecolab (United States), and Sunresin New Materials Co.Ltd (China) are some of the major players in the market.