Press release
Ethylenediaminetetraacetic Acid Market Opportunities and Forecasts
The rising demand for water treatment and stringent regulations regarding the use of clean water have had a positive impact on the growth of the global ethylenediaminetetraacetic acid market. The steady growth of the end use industries is expected to bolster the growth of global ethylenediaminetetraacetic acid market as well.
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One of the major challenges faced by global ethylenediaminetetraacetic acid market is the availability of biodegradable alternatives such as sodium gluconates and organophosphonates, which impedes the market growth during the forecast period. Another major factor hampering the market growth is that the ethylenediaminetetraacetic acid is low acute toxic in nature and hence oral exposures may cause reproductive and developmental disorders.
The major trend observed in the global ethylenediaminetetraacetic acid market is the product innovations by the major manufacturers. The manufacturers are using product innovation as a differentiating strategy in order to win an edge over the other players in the market.
Asia Pacific region is expected to hold a significant share in the global ethylenediaminetetraacetic acid market over the forecast period owing to the large base of paper and pulp industry in the region, which is a major consumer for ethylenediaminetetraacetic acid. China and India are expected to emerge as major markets for ethylenediaminetetraacetic acid over the forecast period. North America and Europe are also projected to remain significantly attractive in terms of consumption of ethylenediaminetetraacetic acid.
A dominant share in the Europe market will be accounted by the EU5 countries followed by other nations. In North America, large portion of consumption will be accounted by the U.S. The market in the Europe and North America will witness significant impact of regulations with respect to ethylenediaminetetraacetic acid, which mandates various end use industries to use ethylenediaminetetraacetic acid for various applications. Regions such as Middle East & Africa and Latin America are expected to exhibit slower growth when compared to North America, Europe and Asia Pacific regions.
Some of the examples of the market participants identified across the value chain of the global ethylenediaminetetraacetic acid market include, The Dow Chemical Company, Ava Chemicals Private Limited, Fushun shunnun chemical co., uniwinchemical, Zhonglan Industry Company, Airedale Chemcial and Shivam Agro Industries, among others.
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