+1-888-308-5802     
News Contact Us

Asia Pacific Chelating Agents Market Share Is Anticipated To Register A Cagr Of 4% Over 2019-2024

Author : Ronak Bora | Published Date : 2019-06-10 

Considering the geographical trends, Asia Pacific chelating agents market, which contributed over 40% of the global chelating agents market share in 2015, is projected to grow at an annual rate of 4% over the coming seven years. The expansion can be credited to the large-scale presence of agrochemical and pulp & paper manufacturing firms across the countries such as Japan, China, Thailand, India, Indonesia, Philippines, and Malaysia. Rising health & hygiene consciousness among the growing population of India and China will enhance the product demand for household detergents & cleaners and industrial waste water treatment, thereby positively influencing the industry trends in the region.

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

Chelating Agents Market is expected to observe a notable growth rate, driven by the extensive application of the product in consumer goods, pulp & paper, chemical processing, household & industrial cleaning, agrochemicals, and water treatment sectors. The thriving wastewater treatment chemicals market, which is projected to hit the revenue of USD 35 billion by 2023, is forecast to further boost market demand. Of late, there have been growing concerns toward the maintenance of hygiene in public places. Besides, rising awareness regarding the rampant proliferation of household microorganisms that occur as a result of surface contamination will also provide lucrative opportunities for chelating agents industry players. As per Global Market Insights, Inc., “Chelating agents industry is slated to hit the targeted revenue margin of USD 5 billion by 2024, registering a CAGR of 3% during the period of 2016 to 2024.

Chelating agents market size in Europe, evaluated at over USD 850 million in 2015, is projected to grow at a rate of 3% over the coming timeframe, subject to rise in the number of paper & pulp manufacturing firms. An increase in the number of industrial activities across East Europe will further boost the regional revenue.

Easy raw material availability and rise in the number of R&D activities pertaining to the production of chelating agents will encourage new entrepreneurs to enter the business arena. Chelating agents market is highly fragmented subject to the presence of small and medium sized firms as well as large corporations.  Key industry participants will try to increase their product portfolio and raise their manufacturing capacities through joint ventures, partnerships, product innovations, and strategic alliances.

Pulp & paper sector, which collected a revenue of USD 500 billion in 2015, is projected to boost the growth of chelating agents market. The industry expansion can be attributed to wide product application in descaling, pulp bleaching, recycled paper items, chemical pulping, paper-based flexible packaging, and whitening. Rising usage of agrochemicals in farming to improve the crop yield for satisfying the global food requirement will lucratively leverage chelating agents industry revenue. Agrochemicals sector, which amassed a revenue of over USD 300 million in 2015, is predicted to grow at a rate of 4% over the period of 2016-2024.

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.

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

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

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 industry 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.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

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

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved