Chelating Agent Market is projected to reach USD 6.18 Billion by 2021, at a CAGR of 4.12%. This growth is fueled by increasing technological development and high demand from the pulp & paper and cleaning & detergent industries. In addition, accelerating demand from other end-use industries such as water treatment, agrochemicals, pharmaceutical, personal care, and food & beverages is also driving the market for chelating agents.
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Major Growth Drivers are :
• Growth of Pulp & Paper Industry
• Growth of Cleaning & Detergent Industry
• High Demand for Water Treatment Chemicals
The chelating agent market has been segmented on the basis of type into aminopolycarboxylate, phosphates & phosphonates, and others (biodegradable chelating agents, N-(2-Hydroxyethyl) ethylenediaminetetraacetic acid (HEDTA) and zeolites). Phosphates & phosphonates are mainly used in industrial and household detergents & cleaners, food & beverage, and water treatment. Aminopolycarboxylates, synthetic chelating agent, is estimated to be the largest market by type, as they are produced on an industrial scale to meet the demand for wide range of applications. They are one of the most widely used categories of chelating agents. They form chelants with metal ions that are present in a variety of domestic products, and hence are used intensively as metal sequestrants in several industrial applications.
The chelating agent market is expected to witness substantial growth, due to the increasing demand for chelating agents in various applications, including cleaners, water treatment, pulp & paper, agrochemicals, personal care, pharmaceuticals. Pulp & paper is the largest application for chelating agents. The pulp & paper industry has significantly progressed with substantial demands for varieties of papers for writing, printing, and packaging. Chelating agents play a vital role in paper processing. They inhibit the reactions of unstable metal ions with bleaching agents in chemical and mechanical pulp production processes.
Currently, Asia-Pacific is estimated to be the largest market for chelating agents, accounting for the largest market share, by value, in 2015. China dominated the Asia-Pacific chelating agents market in 2015, followed by India. India is the fastest-growing market for chelating agents, and is expected to surpass China in the near future. The high economic growth rate and growing demand for applications such as cleaners, water treatment, pulp & paper, agrochemicals, personal care, pharmaceuticals, and others will drive the chelating agents market in the next five years.
Major players, such as AkzoNobel N.V. (Netherlands), Dow Chemical Company (U.S.), BASF SE (Germany), Archer Daniel Midland (U.S.), Kemira Oyj (Finland), Cargill Incorporated (U.S.), Lanxess AG (Germany), and Tate & Lyle (UK), have adopted development strategies such as expansions, agreements, and new product developments to achieve growth in the global chelating agents market.
This report covers the chelating agents market, in terms of value and volume, and forecasts the market size till 2021. It segments the market by type, end-use industry, and region. It also provides company profiles and details the competitive strategies adopted by major players in the global chelating agents market.
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