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Chelating Agents Market Size to be Driven by USD 12.56 billion, Development Trends, Significant Growth, Regional Demands, Robust Industry Expansion and Forecast 2029
Chelating Agents Market Overview: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.
The global Chelating Agents market size is projected to grow from USD 4.98 billion in 2020 to USD 12.56 billion by 2029, at a CAGR 4.94% during the forecast period 2022-2029.
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Chelating Agents Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are BASF, Dow, Nouryon, Kemira Oyj, Mitsubishi Chemical Holdings Corporation, Hexion, ADM, Ascend Performance Materials, MilliporeSigma and Nippon Shokubai Co., Ltd and Others
Recent Development
In 2019, BASF launched Trilon M Max EcoBalanced, a renewables-based Trilon M grade. This product launch has helped the company to satisfy the demand from home care and I&I cleaning industries with sustainable and high-quality ingredients.
In 2020, Nouryon and INEOS Nitriles (London, UK) have invested in building a new facility in Cologne, Germany. The facility will produce raw material for Nouryon's readily biodegradable green chelates. This agreement has helped Nouryon to serve the European market with a sustainable solution that replaces phosphates in many applications.
In 2019, Ascend Performance Materials completed a multimillion-dollar investment in nitrilotriacetic acid production at its Chocolate Bayou facility in Alvin, Texas. The investment increased the production of the company's biodegradable chelate, FlexaTrac NTA, by 10%. The capacity expansion has helped the company to meet the increasing demand for chelating agents, globally.
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Chelating Agents Market Segmentation:
Chelating Agents Market by Chemistry, 2022-2029, (USD Million)
Non- Biodegradable
Biodegradable
Chelating Agents Market by Application, 2022-2029, (USD Million)
Pulp & Paper
Cleaning
Water Treatment
Argo Chemicals
Personal Care
Others
Growth Factors:
Increasing demand from the Chelating Agents industries
The growing use of Chelating Agents in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Chelating Agents Market
Chelating Agents Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Chelating Agents Market Trends
- The report identifies, determines, and forecasts the Global Chelating Agents Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Chelating Agents Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Chelating Agents Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Chelating Agents Market.
Key questions addressed by the report
What are the upcoming hot bets for the chelating agents' market?
How are the market dynamics changing for different types of chelating agents?
How are the market dynamics changing for different applications of chelating agents?
Who are the major manufacturers of chelating agents?
How are the market dynamics changing for different regions of chelating agents?
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