The latest report by IMARC Group, titled “Chelating Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global chelating agents market has reached a value of more than US$ 5 Billion in 2016. Chelating agents or chelators, are chemical compounds that form a water-soluble and stable complex by reacting with metal ions. These agents are eco-friendly and cost-effective in nature due to which they find numerous applications across various sectors. Chelating agents are used for rearranging chemical composition and improving general stability of a metal to bond with other substances. Apart from this, they help in decreasing the toxic effects which are produced by metals and in controlling heavy metal poisoning in the human body.
Highlights of the global chelating agents market:
- A strong growth in the end-use industries remain a major factor driving the market.
- Aminopolycarboxylic acid represents the largest type segment.
- Pulp and paper dominates the application segment, accounting for the biggest market share.
- Asia-Pacific holds the largest share owing to the augmenting demand for processed food.
The major factor driving the growth of the global chelating agents market is the escalating demand for pulp and paper industry where chelating agents are extensively used in mechanical pulp bleaching, chemical pulping and reduction of brightness reversion. Additionally, rapid urbanisation and industrialisation have led the governments across various nations to implement strict policies and regulations for fresh and clean water. This has, in turn, broadened the growth prospects for the chelating agents market. Some of the other factors that have been proactive in maintaining the growth include increasing disposable incomes, technological advancements and continuous product innovations being made by the manufacturers. However, the usage of nonbiodegradable chelating agents including EDTA acts as a major hinderance for the growth of the market. Further, the market is projected to reach a value of nearly US$ 7 Billion, exhibiting a CAGR of more than 4% during 2017-2022.
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On the basis of type, aminopolycarboxylic acid (APCA) exhibits a clear dominance in the market, followed by sodium gluconate and organophosphonate. Based on application, pulp and paper represent the largest application segment of chelating agents owing to the rising demand for tissue and graphic papers. It is followed by household and industrial cleaning, water treatment, agrochemicals and personal care. Region-wise Asia-Pacific currently accounts for the majority of the total global share. This is due to the expansion of competitive manufacturing costs and production capacity along with the increasing demand for processed food, and clean and treated water. Other major markets include North America, Europe, Middle East and Africa, and Latin America. The competitive landscape of the market has also been analysed with some of the key players operating in the market being AkzoNobel NA, Archer Daniels Midland Company, BASF, Kemira Oyj and DOW Chemical Company.
The report by IMARC Group has examined the global chelating agents market on the basis of:
Type:
- Aminopolycarboxylic acid (APCA)
- Sodium
- gluconate
- Organophosphonate
Application:
- Pulp and Paper
- Household and Industrial Cleaning
- Water Treatment
- Agrochemicals
- Personal Care
Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Key Players:
- AkzoNobel NA
- Archer Daniels Midland Company
- BASF
- Kemira Oyj
- DOW Chemical Company
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