Press release
Chelating Agents Market– Growth Opportunities and Challenges 2017-2024
Global chelating agents market is versatile in nature with application areas including paper & pulp, agrochemicals, water treatment, cleaners, personal care products, chemical processing, food & beverage, textiles, metalworking, oilfields, and pharmaceuticals. The product provides desirable surface treatment in order to prevent scaling and also controls metal poisoning by binding to particular toxic metal ions. As a result, they are also useful to manufacture chelated micronutrients for easy absorption by plants.
Bio-based products are naturally decomposable and will likely substitute the petrochemical based counterparts owing to the increasing environment concerns throughout the world. Sodium gluconate has gained popularity on the account of its superior chelating properties along with efficient biodegradability, and will likely have a significant growth rate in the overall market in upcoming years.
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Chelating Agents Industry Overview
Chelating Agents Market size will exceed USD 5 billion by the end of 2024; according to a new research report by Global Market Insights, Inc.
Mandatory regulations regarding industrial cleanliness and growing awareness about household microbes due to unclean surfaces will likely propel the overall chelating agents market. The product finds significant application in the manufacturing of household and industrial detergents. Government initiatives regarding improvement of hygiene, along with rapid developments of synthetic laundry and liquid detergents will augment the growth. Increasing population and enhancing living standards will further catalyze the global detergents industry, hence driving the chelating agents market.
Rising awareness pertaining to water treatment will also drive the chelating agents market in the upcoming period. With various regulatory bodies at different levels including the EPA, ASTM, REACH, Energy & Environmental Affairs (EEA), European Environment Agency, National Science Foundation (NSF), etc. mandating industrial waste water treatment, the product demand in water treatment chemicals will increase significantly. Chelating agents, such as citric acid, have good water softening properties and find varied applications in treatment of waste water. Water treatment chemicals industry was worth more than USD 25 billion in 2015 and will likely reach USD 40 billion in 2024.
Chelating Agents Industry By Segment
Chelating agents market has been categorized into aminopolycarboxylic acid, commonly called as APCA, sodium gluconate, organophosphates, and others such as EDTA, etc. In 2015, APCA products generated more than USD 1.5 billion and will likely flourish by around 3.5% CAGR in the forecast spell. These products are modifiable to act towards the desired metal ions present in hard waters.
Bioderived sodium gluconate will likely gain the market owing to its eco-friendly and non-toxic nature. This product segment accounted for over 35% of the overall chelating agents market in 2015.
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Chelating Agents Industry By Application
The product application segment has been classified into pulp & paper, water treatment, agrochemicals, household & industrial cleaning, consumer products, chemical processing, and others. Pulp & paper application segment for bleaching, whitening, pulping, and descaling of the end products generated beyond USD 1 billion in 2015. Growing demand for recycled paper products will augment the overall chelating agents market growth.
Water treatment chemicals accounted for less than a tenth of the total chelating agents market in 2015, but will have a fast growth owing to strict government regulations regarding waste water treatment and reclamation of industrial waste water.
Chelating Agents Industry By Region
Prevalence of several paper & pulp industries and agrochemical industries in China, India, and south east Asian countries including Indonesia, Malaysia, Thailand, Philippines, etc. has rendered Asia Pacific a significant region for chelating agents market growth. Growing awareness about hygiene among the huge populations of China and India will likely enhance the product application in detergents and cleaners manufactured in this region. In 2015, Asia Pacific had more than 40% of the overall chelating agents market share.
Competitive Chelating Agents Industry Share
Chelating agents market competitive landscape is fragmented with the presence of numerous manufacturing companies including AkzoNobel, BASF SE, Mitsubishi Rayon, Kemira Oyj, Archer Daniels Midland, EMD Millipore, Lanxess, Tate & Lyle, Sigma-Aldrich, Dabeer, Cargill Inc, Dow Chemical Company, Nagase ChemteX, AVA Chemicals, and Shandong IRO.
Chapter 4. Chelating Agents Market, By Product
4.1. Chelating agents market share by product, 2015 & 2024
4.2. Aminopolycarboxylic acid (APCA)
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Sodium Gluconate
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Organophosphates
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecasts, 2013 - 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/chelating-agents-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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