Chelating Agents Market Demand, Trends, Revenue, Major Players, Growth Analysis & Forecast Till 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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