Chelating Agents Market Overview -
The global chelating agents market is on a track where it would achieve a 4.12% CAGR during the forecast period (2021-2030) and can effectively surpass a valuation of USD 5.6 billion by the end of 2025. Market Research Future (MRFR) made these claims in their global report on the same market.
The global chelating agents market is going to receive a huge boost from the paper pulp industry and from the detergent industry. Growing demand for chlorine-free bleaching would trigger the intake of chelating agents. It would also get backed by the surfactant industry. In addition, various biodegradable chelating agents are in high demand from several quarters owing to which the chelating agents market would dominate the global market. A surge in competition among various players would contribute to better strategies and a hike in the market outcome.
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Chelating Agents Market - Prominent Players:-
DowDuPont ,Nouryon ,Lanxess AG ,Mitsubishi Chemical Corporation ,Merk KGaA,Zhonglan industry ,Archer Daniels ,Centro Chino ,Tosoh Corporation, and others.
Moreover, increasing crop production owinng to growing world food demand will spur market growth. Chelating agents are used in soil application, in order to provide nutrition for increasing productivity of the soil. Growing focus on developing biodegardable chelates has created new opportunities for cheklating agents in house hold institutional cleaning market. Global cleaning chemicals manufacturers are focusing on providing sustainable solution to its consumers.
For instance, global chemical leader BASF SE has developed eco-friendly chealting agents for its application in cleaning industry. The new product developed by BASF SE ws approved by Environmental protection Agency. In addition to that, some of the leading chemical companies are developing bio-based chelateds for detergents.
On the negative side, environmental concerns are estimated to have serious impact on the global chelating agents market. Certain chelating agents are subject to ban in European and North America market, owing to their non degradability and hazardous health effects. Some of the manufacturers are voulntarily refraining from the production. For instance, Sodium Tri Polyphosphate is banned by European Union and in Cnada U.S. markets. The demand for such chemicals is declining in European North America markets.
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MRFR’s report on the global Chelating Agents Market Size has several dynamics analyzed on the basis of a segmental understanding. These segments are type, application, and end-use industry. This analysis would have a huge impact on various strategies as the dynamics have been studied with the forecast period in mind.
By type, the global market report on the chelating agents has been segmented into biodegradable and non-biodegradable. The biodegradable chelating agents segment includes ethylenediamine-N, sodium gluconate, glutamic acid diacetic acid (GLDA), N-Disuccinic Acid (EDDS), and methylglycinediacetic acid (MGDA). The non-biodegradable chelating agents segment incorporates ethylenediamine tetra-acetic acid (EDTA), phosphates phosphonates, amino polycarboxylates, and others
By application, the global chelating agents market report can be segmented on the basis of household and industrial cleaners, medical, scale removal prevention, papermaking, fertilizers, water treatment, food, textile, and others.
By end-use industry, the global report on the chelating agents market can be segmented into surfactants, agriculture, paper pulp, textile, healthcare, water treatment, and others. The water treatment segment is getting good traction due to a hike in urban development.
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The Asia Pacific is touted to be the largest chelating agents market share by the end of 2025. This is particularly due to the growing need for various industrial cleaners. This demand is particularly gaining traction from countries like India, Thailand, Indonesia, and Australia. In these countries, the demand for liquid detergents is witnessing an unprecedented surge, which is further getting bolstered by increasing e-commerce activities. Major players like Amazon, Flipkart, Alibaba, and others backing the e-commerce segment to increase the intake of these chelating agents.
North America would also make a significant contribution to the global chelating agents market growth. It is witnessing demands from both oilfield applications and various industrial cleanings. In water treatment plants and pharmaceutical companies, these chelating agents are gaining easy access, which would ensure better growth for the market. Europe would follow the same footsteps as the features of the industrial sector are quite similar in both these regions. Latin America and the Middle East Africa would contribute significantly as well due to the changing industrial patterns in these regions.
Industry/ Innovation/ Related News
Aug 2015: BASF SE, aglobal leader in chemical industry is investing in expansion of production capacity of its bio degradable chelating agent product, ‘Trilon’. The production capacity for chelating agents will be 170,000 metric tonnes. The product is a high performance alternative for phosphate based chelating agent used in cleaning industry. The market leader has significantly stimulated chelqating agents market. Markwet followers are antcipated to invest in such development, in order to gain significant share in the global market.
Sept 2017: AkzoNobel, a leading global paints coatings company partnered with Itaconix to develop bio –based chelating agents. The companies are in application agreement to evaluate and develop innovative bio-based chelates for the home industrial cleaning industry. This was another development by market leaders towards developing a sustainable product for cleaning industry and signifies the trend towards biodegradibillity in chelating agents market.
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