Chelating Agents Market, is Booming with Strong Growth Prospects 2022-2030
Chelating Agents Market is expected to register 4.33% CAGR to reach over USD 6.7 Billion by the end of 2030
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.
Segmentation:
MRFR’s report on the what are the chelating agents market 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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Regional
Analysis:
The Asia Pacific is touted to be the largest Chelating
Agents Market by the end of 2030. 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.
Competitive
Analysis:
There are several companies
in the global Chelating Agents Market that are showing substantial interest in
taking the global market forward. These companies are making a name by
launching strategies that would boost their revenues and take the market to the
next level. These companies are Nouryon (The Netherlands), Mitsubishi Chemical
Corporation (Japan), Zhonglan Industry Co., Ltd. (China), Centro Chino (China),
Tosoh Corporation (Japan), Kemira Oyj (Finland), BASF SE (Germany), Archer
Daniels Midland Company (US), Merck KGaA (Germany), Lanxess AG (Germany), and
DowDuPont (US).
Industry
News:
In January 2020, BASF announced that it has expanded
its low 1,4-Dioxane line. This they did by introducing several new ingredients
to their already existing Flex surfactants and polymers range of products in
North America. This would include chelating agents as well.
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