Chelating Agents Market | Key players operating in the market include BASF, Dow, Nouryon, Kemira Oyj, Mitsubishi Chemical Holdings Corporation

According to recent market research "Chelating Agents Market by Type (Non-Biodegradable, Biodegradable), by Application (Pulp & Paper, Cleaning, Water Treatment, Agrochemicals, Personal Care), by Region – Global Forecast to 2025", The global chelating agents market size is expected to grow from USD 6.8 billion in 2020 to USD 8.4 billion by 2025, at a CAGR of 4.2% during the forecast period. The major factor driving the chelating agents market is the increase in demand for potable and treated water and growth in the consumption of cleaning products.

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The objective of readily biodegradable chelating agents is to attain sustainability. The demand for cleaning products, such as surface cleaners, detergents, and personal care products, such as soaps, shampoos, and potable water, is continuously on the rise. Growth in consumption of these personal care and cleaning products; the necessity for maintaining proper hygiene at workplaces, homes, and commercial spaces; and safety provided by the product are the major factors propelling the demand for biodegradable chelating agents.

Chelating agents are used in cleaning formulations for their effective functioning by preventing the minerals prevalent in hard water from meddling with the cleaning process. In addition, chelating agents also improve shelf-life, prevent allergies related to nickel or chromium, maintain color, provide antimicrobial effect, and help in scale removal. The use of chelating agents in cleaning products, such as surface cleaners, all-purpose cleaners, detergents, and disinfectants, is expected to rise owing to the need for maintaining proper personal and surrounding hygiene.

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Expansions & investments is the key strategy adopted by the key industry players to gain traction in the chelating agents market. This strategy accounted for 43% of all the growth strategies adopted by market players from 2011 to 2015. Companies also adopted the strategy of agreements and partnership to expand their product portfolio. This approach accounted for 38% of all the growth strategies adopted by market players during the above-mentioned period. New product development accounted for 10% of all the growth strategies followed by market players in the chelating agents market.

North America and Europe were the most active regions, in terms of strategic initiatives undertaken from 2011 to 2015. Expansion and agreements were the most favored strategy in Europe. Companies such as BASF SE (Germany), Kemira Oyj (U.S.), Cargill Incorporated (U.S.), and Archer Daniels Midland Company (U.S.) made several expansions to serve customers more efficiently and increase their market share.

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Major manufacturers, including AkzoNobel N.V. (Netherlands), Dow Chemical Company (U.S.), BASF SE (Germany), Archer Daniel Midland (U.S.), Kemira Oyj (Finland), Cargill Incorporated (U.S.), Lanxess AG (Germany), and Tate & Lyle (UK), have been profiled in this report. These companies have adopted both, organic and inorganic growth strategies such as expansions & investments, agreements & partnerships, acquisitions, and new product launches to strengthen their foothold in the chelating agents market. The players made significant investments in R&D to develop new innovative and eco-friendly products and various application areas. The companies also made their current products available in the emerging markets to develop and capture new market shares. Lanxess (Germany) and BASF SE (Germany) are some of the leading market players adopting this strategy to develop their business. These companies focus on offering advanced chelating agent systems that have relatively high effectiveness in low concentrations and can be used in multiple industries.

Kemira Oyj (Finland) is one of the leading players in the chelating agents market. It accounted for a share of 33.3% of the total development activities, followed by BASF SE (Germany) with 19.0% from 2011 to 2015.

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