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What's Driving The Chelating Agents Market Size? | LANXESS, AkzoNobel N.V., Cargill, Kemira, Tate & Lyle, Mitsubishi Rayon America, Inc., Sigma-Aldrich, BASF, The Dow Chemical Company, Archer Daniels Midland Company
Chelating Agents Market
Chelating agents market has been categorized into aminopolycarboxylic acid, commonly called as APCA, sodium gluconate, organophosphates, and others such as EDTA, etc. In 2015, APCA products generated more than USD 1.5 billion and will likely flourish by around 3.5% CAGR in the forecast spell. These products are modifiable to act towards the desired metal ions present in hard waters.
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Chelating Agents Market is expected to observe a notable growth rate, driven by the extensive application of the product in consumer goods, pulp & paper, chemical processing, household & industrial cleaning, agrochemicals, and water treatment sectors. The thriving wastewater treatment chemicals market, which is projected to hit the revenue of USD 35 billion by 2023, is forecast to further boost market demand. As per Global Market Insights, Inc., “Chelating agents industry is slated to hit the targeted revenue margin of USD 5 billion by 2024, registering a CAGR of 3% during the period of 2016 to 2024.”
Growth drivers
• Rising paper & pulp industry
• Increasing demand for detergents and cleaners
• Growing water treatment industry
Chelating Agents Market By Product
• Aminopolycarboxylic Acid (APCA)
• Sodium Gluconate
• Organophosphates
• Others
Chelating Agents Market By Application
• Pulp & Paper
• Household & Industrial Cleaning
• Agrochemicals
• Water Treatment
• Chemical Processing
• Consumer Products
• Others
The vivid magnification of Chelating Agents Market can be majorly attributed to the product’s extensive usage in a wide range of applications, pulp and paper sector at the forefront. With the increasing global trend of using recycled paper products, the market is anticipated to record a higher benchmark in the coming timeframe.
Rising awareness pertaining to water treatment will also drive the chelating agents market in the upcoming period. With various regulatory bodies at different levels including the EPA, ASTM, REACH, Energy & Environmental Affairs (EEA), European Environment Agency, National Science Foundation (NSF), etc. mandating industrial waste water treatment, the product demand in water treatment chemicals will increase significantly. Chelating agents, such as citric acid, have good water softening properties and find varied applications in treatment of waste water. Water treatment chemicals industry was worth more than USD 25 billion in 2015 and will likely reach USD 40 billion in 2024.
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On the product front, chelating agents are segmented into aminopolycarboxylic acid (APCA), sodium gluconate, and organophosphates. APCA market is set to witness a growth rate of 3.5% from 2016-2024, owing to its ability to be easily engineered according to specific requirements. Sodium gluconate is another segment foreseen to observe fast-paced growth due to its rising popularity as an eco-friendly and biodegradable product.
Bioderived sodium gluconate will likely gain the market owing to its eco-friendly and non-toxic nature. This product segment accounted for over 35% of the overall chelating agents market in 2015.
The product application segment has been classified into pulp & paper, water treatment, agrochemicals, household & industrial cleaning, consumer products, chemical processing, and others. Pulp & paper application segment for bleaching, whitening, pulping, and descaling of the end products generated beyond USD 1 billion in 2015. Growing demand for recycled paper products will augment the overall chelating agents market growth.
Chelating agents market size in Europe, evaluated at over USD 850 million in 2015, is projected to grow at a rate of 3% over the coming timeframe, subject to rise in the number of paper & pulp manufacturing firms. An increase in the number of industrial activities across East Europe will further boost the regional revenue.
Sodium gluconate, APCA (Aminopolycarboxylic Acid), and organophosphates are the major cheating agents. Sodium gluconate, which accounted for more than 35% of the overall chelating agents industry share in 2015, is slated to record a notable CAGR over the next few years. The growth can be credited to product’s superior chelating and biodegradable characteristics along with its non-toxic & eco-friendly traits.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel N.V.
2. Mitsubishi Rayon America, Inc.
3. BASF
4. EMD Millipore
5. Archer Daniels Midland Company
6. LANXESS
7. Sigma-Aldrich
8. Tate & Lyle
9. Kemira
10. The Dow Chemical Company
11. Cargill
12. AVA Chemicals Pvt Ltd
13. Shandong IRO Chelating Chemical Co., Ltd.
14. NAGASE EUROPA GmbH
Non-biodegradable nature of petrochemical chelating agents such as EDTA, DTPA, and HEDP, are harmful to the environment and the biotic species. These chemicals are extensively found in discharges after water treatment in various industries and percolate through the top soil to contaminate the groundwater by mobilizing the dissolved heavy metals from their solid phases. The harmful effects of the chemicals may hinder market development.
Browse key industry insights report, Chelating Agents Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/chelating-agents-market
Chelating agents market competitive landscape is fragmented with the presence of numerous manufacturing companies including AkzoNobel, BASF SE, Mitsubishi Rayon, Kemira Oyj, Archer Daniels Midland, EMD Millipore, Lanxess, Tate & Lyle, Sigma-Aldrich, Dabeer, Cargill Inc, Dow Chemical Company, Nagase ChemteX, AVA Chemicals, and Shandong IRO.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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