Chelating Agents Market worth over $5 Billion by 2024

According to a new research report by Global Market Insights Inc., the Chelating Agents Market size will exceed USD 5 billion by the end of 2024. Mandatory regulations regarding industrial cleanliness and growing awareness about household microbes due to unclean surfaces will likely propel the overall market during the forecast period.
 

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.
 

Non-biodegradable nature of petrochemical chelating agents such as EDTA, DTPA, and HEDP, are harmful to the environment and the biotic species. These chemicals are extensively found in discharges after water treatment in various industries and percolate through the top soil to contaminate the groundwater by mobilizing the dissolved heavy metals from their solid phases. The harmful effects of the chemicals may hinder the chelating agents market development.
 

Browse key industry insights spread across 130 pages with 152 market data tables & 14 figures & charts from the report, “Chelating Agents Market By Product (Aminopolycarboxylic Acid [APCA], Sodium Gluconate, Organophosphates), By Application (Pulp & Paper, Household & Industrial Cleaning, Agrochemicals, Water Treatment, Chemical Processing, Consumer Products), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/chelating-agents-market
 

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 market in 2015.
 

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 market in 2015, but will have a fast growth owing to strict government regulations regarding waste water treatment and reclamation of industrial waste water.
 

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. Asia Pacific had more than 40% of the overall market share in 2015.
 

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.