Chelating Agents Market Analysis

Chelating Agents Market Analysis

The global market has been segmented into aminopolycarboxylic acid or APCA, organophosphates, sodium gluconate, and other types. APCA based products can be engineered to increase the affinity towards a particular metal ion. This segment accounted for a significant share of the overall industry, registering more than USD 1.5 billion in 2015 and will witness growth at close to 3.5% CAGR through 2024. APCA based chelating agents market share will likely decline owing to development of new bio derived substitute products.

Sodium gluconate is formed by the fermentation of glucose derived from corn and is non-toxic and harmless to humans. Its bio based nature makes the chemical biodegradable and environment friendly, increasing its popularity for general use. This product segment accounted for over a third of the overall chelating agents market in 2015 and will have a fast growth in the forecast spell.

Pulp & paper business registered a considerable share of the global chelating agents market, where the product finds extensive application in mechanical pulp bleaching, chemical pulping, reduction of brightness reversion, chemithermomechanical pulping, and to control scaling of the surface. In 2015, this application segment accounted for over USD 1 billion and will have a healthy growth rate in the coming years. Growing demand for recycled paper products in packaging as well as stationery activities will boost the chelating agents market demand up to 2024.

Other applications considered in this market report are water treatment, agrochemicals, household & industrial cleaning, consumer products, chemical processing, and others. Growing demand for efficient agrochemicals in order to increase the crop yield to meet the increasing global food demand will have a positive impact on the overall chelating agents market revenue. Increasing product application to enhance the agrochemical performance in hard water will augment the growth of this segment in the coming years. Agrochemicals sector registered more than USD 300 million in 2015 and will witness growth at over 4% CAGR in the forecast spell.
 

Asia Pacific accounted for more than 40% of the global share in 2015 owing to the presence of numerous paper and agrochemical industries in China, India, Japan, and various south east Asia nations. The region will likely flourish at a CAGR close to 4% in the forecast spell. Growing industrial population in the region, on the account of cost efficient labor forces, and mandatory regulations regarding industrial waste water treatment will also support the chelating agents market growth.
 

Europe chelating agents market was worth more than USD 850 million, due to the presence of several large-scale paper and pulp industries. Moreover, shifting industrialization towards eastern Europe will augment the overall industry growth in the coming years. The region will have an estimated gain of more than 3% CAGR through 2024, losing its market share to the increasing demand in Asia Pacific and Latin America.