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Ion Exchange Resins Market 2024-2028
According to a report by Technavio, the global ion exchange resin market is projected to increase by $476.55 million by 2028, with a compound annual growth rate (CAGR) of 5.97%. This growth is primarily driven by the increasing demand from the food and beverage industry, though it also faces challenges due to limited selectivity. The Asia-Pacific region is expected to contribute 42% to the market growth, with notable applications in water treatment in China and India.
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News in Mining Industry
Nickel Business Merger in Canada: Vale's copper and nickel company, VBM, is prioritizing a merger with Glencore's nickel business in the Sudbury region of Canada. This merger is expected to save hundreds of millions of dollars in costs and strengthen collaboration between the two companies in the region.
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News in Watertreatment Industry
The Asia Pacific Wastewater Recycling Systems market size was valued at USD 12.4 billion in 2023 and is estimated to grow at a CAGR of 10.9% from 2024 to 2032. Shifting focus towards the need to enhance sustainable water management solutions and efficient wastewater treatment will drive industry growth.
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News in Mining Industry
Huayou Cobalt Expands Nickel Capacity in Indonesia: Huayou Cobalt announced a $200 million investment to build a project in Indonesia with an annual production capacity of 50,000 metric tons of nickel sulfate. This project is a joint venture with Singapore-based Strive Investment Capital and Lindo Investment PTE, aiming to enhance its capacity to produce battery raw materials.
Read MoreNews in Electroplating Industry
Market Growth and Trends in Electroplating industry: The global electroplating market is projected to grow significantly, with a forecast period extending from 2023 to 2029. The market size is expected to increase from USD 15.11 billion in 2022 to USD 18.45 billion by 2029, at a CAGR of 2.89%. This growth is driven by the automotive, electronics, aerospace, and consumer goods industries, which utilize electroplating for improved wear resistance, corrosion protection, and aesthetic appeal (MAXIMIZE MARKET RESEARCH) (IndustryARC).
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Surface Finishing Innovations: The demand for advanced surface finishing technologies continues to rise, particularly in the automotive and electronics sectors. Electroplating is favored for its ability to enhance the aesthetics and durability of products. For instance, Atotech, a leading company in the sector, showcased its latest innovations at the Surface Finishing Mexico 2023 event, highlighting the importance of functional and decorative surface finishes (IndustryARC).
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