Asia Pacific Chelating Agents Market Size To Grow At 4% CAGR Till 2024 | LANXESS, AkzoNobel N.V., Cargill, Kemira, Mitsubishi Rayon America, Inc., Sigma-Aldrich, BASF
Chelating Agents Market will likely surpass USD 5.4 billion by 2024 according to this new research report. High growth in the paper & pulp industry will drive the global chelating agents market owing to the products usage in production of paper & pulp. In 2015, Global paper & pulp industry generated revenue exceeding USD 500 million and the industry is estimated to grow at a steady rate during the forecast period. Increasing paper demand from the flexible packaging industry will contribute to pulp & paper sector which in turn will boost the chelating agents industry in the coming years.
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Rising water treatment industry will also be a driving factor for the chelating agents market due to its applicability as a water treatment chemical. Increasing worldwide population, rapid industrialization and depleting clean water reserves has led to a rise in the demand for water treatment plants. Countries witnessing heightened industrial growth like China and India will likely be major markets for water treatment sector due to stringent norms regarding industrial water discharge. This will augment the global chelating agents industry during the forecast period.
• Rising paper & pulp industry
• Increasing demand for detergents and cleaners
• Growing water treatment industry
Chelating Agents Market By Product
• Aminopolycarboxylic Acid (APCA)
• Sodium Gluconate
Chelating Agents Market By Application
• Pulp & Paper
• Household & Industrial Cleaning
• Water Treatment
• Chemical Processing
• Consumer Products
Environmental and health hazards linked with petrochemical based chelating agents like EDTA and HEDP may pose a challenge to the overall chelating agents market. These products are non-biodegradable and may cause adverse effects on human and animal health and are strictly regulated by various organizations like REACH, EPA, etc. However, development of biodegradable and natural products may prove to be an important opportunity for market participants in future.
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.
4. EMD Millipore
5. Archer Daniels Midland Company
8. Tate & Lyle
10. The Dow Chemical Company
12. AVA Chemicals Pvt Ltd
13. Shandong IRO Chelating Chemical Co., Ltd.
14. NAGASE EUROPA GmbH
Global chelating agents market is categorized as Aminopolycarboxylic acid (APCA), sodium gluconate, organophosphates, and other products. APCA is estimated to occupy more than 35% share of total market and this segment is poised to grow with 3.5% CAGR till 2024. Sodium gluconate segment is anticipated to grow with 3.8% CAGR and to occupy more than 35% of global chelating agents industry by 2024. Organophosphate segment will likely generate revenues amounting above USD 850 million by the end of the study period.
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Pulp & paper, agrochemicals, water treatment, household & industrial cleaning, chemical processing, and consumer products are the major application segments of the chelating agents market. Pulp & paper is the most prominent application segment which is estimated to occupy more than 30% of the overall share. This segment will likely grow by a CAGR above 3.5% during the forecast period. Household & industrial cleaning is another major application segment with grow rates estimated to be around 3.8% till 2024. Water treatment is one of fastest growing segment with estimated revenue in 2024 exceeding USD 480 million.
There are many medium and large scale companies operating in the global chelating agents market. These include AkzoNobel, Sigma-Aldrich, BASF SE, EMD Millipore, Mitsubishi Rayon, Midland (ADM) Company, Archer Daniels, Lanxess, Kemira Oyj, Tate & Lyle, The Dow Chemical Company, Dabeer, Cargill Inc, Shandong IRO Chelating Chemical, Nagase ChemteX, and AVA Chemicals.
Browse key industry insights report, Chelating Agents Market in detail along with the table of contents:
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