Chelating Agents Market To Worth USD 6.64 Billion By 2030 : Growing Demand  in Water Treatment Drives Growth

The global chelating agents market is expected to reach USD 6.64 Billion by 2030, according to a new report by Reports and Data. Chelating agents are substances that react with metal ions to form stable, water-soluble compounds called chelates. Thus, their physical and chemical behavior changes, like their reaction properties and solubility.

Chelating agents are extensively used in bleaching wood pulp and recycling fibers in pulp processing and paper production industries. With the emergence of e-commerce sector, there is a rapid increase in the demand for paper packaging, which in turn would stimulate the market demand. Further, chelating agents are used in household, institutional, and industrial cleaning applications for removing the deposits of metal oxides, salts, and hard water. The growth of urbanization and industrialization along with an increase in awareness about hygiene and cleanliness are causative to the market growth.

Key participants include BASF SE, AkzoNobel N.V., Archer Daniels Midland Company, Cargill Inc., The Dow Chemical Company, The Valero Energy Corporation, Mitsubishi Rayon Co. Ltd, Kemira OYJ, Lanxess AG, and Tate & Lyle PLC among others.

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Further key findings from the report suggest

Aminopolycarboxylates contributes to the largest market size accounting for more than 45% market share in 2020 and is projected to have a CAGR of 4.4% in the forecast period owing to the production of these synthetic chelating agents on an industrial scale to cater to the demand for a variety of applications. Aminopolycarboxylates are one of the most extensively used chelating agents. These agents form chelants with metal ions that are present in a wide range of domestic products and therefore are used as metal sequestrates in numerous industrial applications.
The demand for sodium gluconate is expected to experience above-average growth rate in the forecast period due to its widespread use in detergents, cosmetic products, and industrial applications.
Pulp & paper industry was leading the market with around 40% of the market share in 2020, in terms of revenue, and is expected to grow at a rate of 4.4% in the forecast period. Increase in demand for graphic and tissue papers is anticipated to supplement the growth of pulp & paper industry. Besides, these chemicals play a fundamental role and are considered as an integral part of the pulp & paper making process. These chelating agents not only improve the effectiveness of hydrosulfite and hydrogen peroxide bleaches, but also reduces the downtimes and cost of bleaching.
The Asia Pacific region accounted for more than 35% of the market share in 2020 and is expected to lead the market throughout the forecast period. This can be attributed to continuous innovations and developments in the textile, and pulp & paper industries in this region.

The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Chelating Agents Market is expected to rise in the coming years.

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Type Outlook (Revenue, USD Billion; 2019-2030)

Ethylenediaminetetra-acetic Acid (EDTA)
Diethylene-triaminepentaacetic Acid (DTPA)
Sodium gluconate
Others

Application Outlook (Revenue, USD Billion; 2019-2030)

Paper and pulp
Household detergents and cleaners
Personal care
Industrial cleaners
Others

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Significant Features that are under Offering and Key Highlights of the Reports:

- Detailed overview of the Chelating Agents Market

- Changes in industry market dynamics

- Detailed market segmentation by type, application, etc.

- Historical, current and projected market size in terms of quantity and value

- Recent industry trends and developments

- Competition situation of Chelating Agents Market

- Key companies and product strategies

- Potential niche segment/region showing promising growth.

Finally, the Chelating Agents Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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