Green Chelates Market Projected to Reach $438.78 Million by 2031, Growing at a 4.3% CAGR.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Green Chelates Market Size, Share & Trends Analysis Report By Type (Sodium Gluconate, Ethylenediamine-N, N'-disuccinic acid (EDDS), L-glutamic acid N, N-diacetic acid (GLDA), Methyl glycindiacetic acid (MGDA)), Application (disinfectant formulations, cosmetics/ personal care products formulation, pharmaceutical products formulations, cleaning solutions formulation, laundry detergents formulation, pulp and paper production, agrochemicals production, food processing, and water treatment), Region, Market Outlook And Industry Analysis 2031"

The global green chelates market is estimated to reach over USD 438.78 million by 2031, exhibiting a CAGR of 4.3% during the forecast period.

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Green chelates are used in several materials to improve their strength, durability, and longevity. Green chelates used in construction processes assist the industry in reducing its environmental imprint, improving resource efficiency, complying with regulations, achieving green building certification standards, and improving overall sustainability performance. The construction industry's need for green chelates is being pushed by increasing awareness of environmental responsibility and the benefits of sustainable construction practices. The market for green chelates/natural chelating agents is quickly expanding as industrial companies focus on developing new, greener designs that are as effective as harmful chelating agents while having a lower environmental impact. Green chelates/natural chelating agents are in high demand owing to severe environmental and water protection rules aimed at reducing the environmental impact of dangerous chemicals. To lower their environmental footprint, industries are progressively embracing sustainable practices. This includes the use of green chelating agents in place of traditional chelating agents, which may have negative environmental consequences. Sustainable practices are viewed as a long-term solution as well as a means of meeting corporate social responsibility objectives.

List of Prominent Players in the Green Chelates Market:
• Actylis
• BASF SE
• Evonik Personal Care
• Innospec
• NIPPON SHOKUBAI CO., LTD
• Nouryon
• Peptech Biosciences Ltd.

Market Dynamics:
Drivers-
The primary driver of the market growth rate is the increased adoption of green chelates in personal care sectors such as cosmetics and fragrances, as well as the rising consumption of food and beverage items. Green chelates are non-toxic and eco-friendly, and as a result, they are widely used in a variety of end-user industries, which is likely to cushion the growth of the green chelates/natural chelating agents market during the forecast period. The use of these agents in industrial and residential cleaning drives market expansion during the anticipated period.

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Challenges:
Green chelating agents confront a number of obstacles, including assuring their performance and compatibility with a wide range of applications. Green chelates must perform similarly or better than traditional chelating agents in order to obtain widespread acceptance. Compatibility concerns with existing formulas or processes can make their adoption difficult. Green chelates' widespread acceptance may be hampered by cost issues, particularly in price-sensitive markets.

Regional Trends:
The North America Green Chelates Market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. Consumer preferences for safer and more sustainable cleaning products have increased demand for eco-friendly cleaning solutions in North America. Green chelates are found in detergents, dishwashing solutions, and other cleaning goods. Green chelating compounds are also used in industrial operations such as metal recovery and wastewater treatment. Overall, the green chelates market in North America is being driven by stringent environmental regulations, increased adoption of sustainable practices, and rising consumer awareness. The market is likely to expand further as industries in many sectors embrace environmentally friendly options.

Recent Developments:
• In September 2021, Nouryon began production at its newest manufacturing facility in Nin. Ningbo, China, to meet Asia's rapidly increasing polymer demand for use in Paints and Coatings, Construction, and Packaging end-markets. The Ningbo unit of the corporation includes six manufacturing facilities that produce chelating agents, as well as ethylene amines, organic peroxides, surfactants, and cellulose ethers.

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Segmentation of Green Chelates Market-
By Type-
• Sodium Gluconate
• Ethylenediamine-N, N'-succinic acid (EDDS)
• L-glutamic acid N, N-diacetic acid (GLDA)
• Methyl glycindiacetic acid (MGDA)
• Others (Sodium Iminodisuccinate, etc.).
By Application-
• Disinfectant Formulations
• Cosmetics/ Personal Care Products Formulation
• Pharmaceutical Products Formulations
• Cleaning Solutions Formulation
o Household Cleaners Production
o Dishwasher Solutions Production
o Industrial Cleaning Solutions Production
• Laundry Detergents Formulation
• Pulp and Paper Production
• Agrochemicals Production
• Food Processing
• Water Treatment
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.