Chelating Agents Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2016–2026
The global chelating agents market is expected to reach USD 7.20 Billion by 2026, according to a new report by Reports and Data. Chelating agents are substances that react with metal ions to form stable, water-soluble compounds called chelates. Thus, their physical and chemical behavior changes, like their reaction properties and solubility.
Chelating agents are extensively
used in bleaching wood pulp and recycling fibers in pulp processing and paper
production industries. With the emergence of e-commerce sector, there is a
rapid increase in the demand for paper packaging, which in turn would stimulate
the market demand. Further, chelating agents are used in household,
institutional, and industrial cleaning applications for removing the deposits
of metal oxides, salts, and hard water. The growth of urbanization and
industrialization along with an increase in awareness about hygiene and cleanliness
are causative to the market growth.
Chelating agents are the most
effective means of treatment of heavy metal poisoning. Chelating agents have
been found to reduce arsenic poisoning in small animals. These agents bind to
arsenic molecules and prevents them from bonding with other molecules and
enzymes within the animal/human body. At the same time upon interaction with
chelating agents, arsenic is converted into a water-soluble form, which can be
removed from the body through excretion.
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Further key findings from the report suggest
·
Aminopolycarboxylates contributes to the largest market size
accounting for more than 45% market share in 2018 and is projected to have a
CAGR of 4.4% in the forecast period owing to the production of these synthetic
chelating agents on an industrial scale to cater to the demand for a variety of
applications. Aminopolycarboxylates are one of the most extensively used
chelating agents. These agents form chelants with metal ions that are present
in a wide range of domestic products and therefore are used as metal
sequestrates in numerous industrial applications.
·
The demand for sodium gluconate is expected to experience
above-average growth rate in the forecast period due to its widespread use in
detergents, cosmetic products, and industrial applications.
·
Pulp & paper industry was leading the market with around 40%
of the market share in 2018, in terms of revenue, and is expected to grow at a
rate of 4.4% in the forecast period. Increase in demand for graphic and tissue
papers is anticipated to supplement the growth of pulp & paper industry.
Besides, these chemicals play a fundamental role and are considered as an
integral part of the pulp & paper making process. These chelating agents
not only improve the effectiveness of hydrosulfite and hydrogen peroxide
bleaches, but also reduces the downtimes and cost of bleaching.
·
The Asia Pacific region accounted for more than 35% of the
market share in 2018 and is expected to lead the market throughout the forecast
period. This can be attributed to continuous innovations and developments in
the textile, and pulp & paper industries in this region.
·
Developing nations of APAC region including China, India, Japan,
Indonesia, and South Korea, are anticipated to display remarkable improvements
in the water treatment, cleaning, and detergents application sectors due to the
rising population along with an increase in awareness.
·
Key participants include
BASF SE, AkzoNobel N.V., Archer Daniels Midland Company, Cargill Inc., The Dow
Chemical Company, The Valero Energy Corporation, Mitsubishi Rayon Co. Ltd,
Kemira OYJ, Lanxess AG, and Tate & Lyle PLC among others.
· In November 2018, the Care Chemicals business of BASF in North America will raise prices on Trilon® chelating agents by 10 percent effective January 1, 2019, or as contracts allow,. The chelating agents affected are EDTA, DTPA, and HEDTA.
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/report-detail/chelating-agents-market
For the purpose of this report,
Reports and Data have segmented global chelating agents market on the basis of
product type, disposability, application, end-user industry, and region:
Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue,
USD Million; 2016-2026)
·
Sodium Gluconate
·
Organphosphonate
·
Aminopolycarboxylate
·
Others
Disposability Outlook (Volume, Kilo Tons; 2016-2026 and Revenue,
USD Million; 2016-2026)
·
Bio-Degradable
·
Non-Bio-Degradable
Application Outlook (Volume, Kilo Tons; 2016-2026 and
Revenue, USD Million; 2016-2026)
·
Washing Powder & Detergents
·
Water Treatment
·
Household Cleaners
·
Industrial & Institutional Cleaners
·
Others
End-User Industry Outlook (Volume, Kilo Tons; 2016-2026 and
Revenue, USD Million; 2016-2026)
·
Pulp & Paper
·
Agrochemicals
·
Chemical
·
Personal Care
·
Pharmaceutical
·
Food & Beverages
·
Others
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Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD
Million; 2016-2026)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o South-east Asia
·
Latin America
o Brazil
·
MEA
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