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Chelating Agents Market 2024 to register extensive growth via household & industrial cleaning sector

Author : Ronak Bora | Published Date : 2019-05-07 

Global chelating agents market is categorized as Aminopolycarboxylic acid (APCA), sodium gluconate, organophosphates, and other products. APCA is estimated to occupy more than 35% share of total market and this segment is poised to grow with 3.5% CAGR till 2024. Sodium gluconate segment is anticipated to grow with 3.8% CAGR and to occupy more than 35% of global chelating agents industry by 2024. Organophosphate segment will likely generate revenues amounting above USD 850 million by the end of the study period. According to Global Market Insights, Inc., "Chelating Agents market is poised to exceed a revenue of USD 5 billion by 2024, with a CAGR of more than 3% over the period of 2016-2024."

Pulp & paper, agrochemicals, water treatment, household & industrial cleaning, chemical processing, and consumer products are the major application segments of the chelating agents market. Pulp & paper is the most prominent application segment which is estimated to occupy more than 30% of the overall share. This segment will likely grow by a CAGR above 3.5% during the forecast period. Household & industrial cleaning is another major application segment with grow rates estimated to be around 3.8% till 2024. Water treatment is one of fastest growing segment with estimated revenue in 2024 exceeding USD 480 million.

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The vivid magnification of Chelating Agents Market can be majorly attributed to the product's extensive usage in a wide range of applications, pulp and paper sector at the forefront. With the increasing global trend of using recycled paper products, the market is anticipated to record a higher benchmark in the coming timeframe. Favorable regulations relating to heath & hygiene along with a noticeable rise in consumer awareness about the prevalence of household microbes resulting from unclean surfaces is mandating chelating agent's usage in manufacturing industrial and household detergents, thereby ensuring higher penetration of the industry.

Water treatment is another prominent sector where chelating agents industry will observe a significant demand in the years ahead. With some of the renowned regulatory bodies such as ASTM, EPA, EEA, NSF involved in waste water treatment, the product demand is expected to surge substantially in the years to come.

Furthermore, chelating agents industry will significantly expand owing to its application in pulp & paper industry. Increasing demand for recycled paper products will stimulate the use of chelating agents in applications such as chemical pulping, mechanical pulp bleaching, control scaling of the surface, etc. Chelating agents market from the pulp & paper industry accounted for more than USD 1 billion and is foreseen to record a significant growth over the coming seven years.

Apart from this, extensive applications in consumer products, household & industrial cleaning, and agrochemicals will further add to chelating agents market revenue in the coming years. Rise in global food consumption has led to growing demand for fertilizers and agrochemicals for increasing productivity, which in turn has generated a greater demand for these agents. Chelating agents industry size in agrochemical applications is anticipated to register a CAGR of 4% over the period of 2016-2024.

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On the product front, chelating agents are segmented into aminopolycarboxylic acid (APCA), sodium gluconate, and organophosphates. APCA market is set to witness a growth rate of 3.5% from 2016-2024, owing to its ability to be easily engineered according to specific requirements. Sodium gluconate is another segment foreseen to observe fast-paced growth due to its rising popularity as an eco-friendly and biodegradable product.

Considering the regional landscape, Europe chelating agents market generated a revenue of over USD 850 million in 2015 and will register a CAGR of more than 3% over the period of 2016 to 2024, owing to the huge regional industrial base of paper and pulp industry, which requires chelating agents on a large scale.

In 2015, Asia Pacific accounted for 40% of the global chelating agents market landscape and is anticipated to exhibit around 4% CAGR over the coming seven years. The growth can be attributed to the products' surging need across the agrochemical and paper industries. Moreover, stringent government norms pertaining to industrial waste will also influence the chelating agents market growth across APAC. India, China, and Japan will be the prominent regional revenue contributors.

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Key players in the chelating agents industry include Mitsubishi Rayon, EMD Millipore, AkzoNobel, Archer Daniels Midland (ADM) Company, BASF SE, Tate & Lyle, Lanxess, The Dow Chemical Company, Sigma-Aldrich, Cargill Inc, AVA Chemicals, Kemira Oyj, Shandong IRO Chelating Chemical Co., Ltd., Dabeer SA, and Nagase ChemteX Corporation.

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 Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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