Chelating Agents Market Global Industry Analysis, Size, Share, Growth by 2024
Date: 2019-01-30   Author: Ronak Bora  Category: #market

Chelating Agents Market Global Industry Analysis, Size, Share, Growth by 2024

As per a recent industry report put forward by Global Market Insights Inc., Chelating Agents Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 5 billion by 2024 with a projected CAGR of 3% over 2016-2024.

Mandatory regulations regarding industrial cleanliness and growing awareness about household microbes due to unclean surfaces will likely propel the overall chelating agents market. 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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1158

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 market development.

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

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1158

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. In 2015, Asia Pacific had more than 40% of the overall chelating agents market share.

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.

 

About Global Market Insights

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

...

Read More

More from Ronak


Post Recommendents

Neuromorphic Computing Market Global Outlook on Key Growth Trends, Factors
Author: Partha Ray

The latest report on ' Neuromorphic Computing market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. In addition, the report stresses on major challenge...


Nerve Monitoring System Market 2019 Global Analysis, Trends, Forecast up to 2025
Author: Partha Ray

The newest report on ' Nerve Monitoring System market' now available a MarketStudyReport.com, offers concise facts about the geographical landscape, industry size and revenue estimation of the business. Additionally, the report focuses on challeng...


Needles Market Detail Analysis focusing on Application, Types and Regional Outlook
Author: Partha Ray

The latest report on ' Needles market' now available at MarketStudyReport.com, delivers facts and numbers regarding the market size, geographical landscape and profit forecast of the ' Needles market'. In addition, the report focuses on major obst...