Chelating Agents Market Is Expected To Grow At 5.8% CAGR From 2019 To 2028

A chelating agent is a molecule substance which can form several bonds to a single metal ion. The chelate is a chemical compound composed of a metal ion and a chelating agent. These chelating agent have major role in pulp and paper, household and industrial cleaning, agrochemicals, water treatment, chemical processing and consumer products. In paper pulp and textile the chelating agent are used in bleaching processes for stabilization of peroxide solution. In addition the chelating agent are used for removal of metals from an industrial wastewater by simple pH adjustment, with or without addition of sulfide, carbonate, phosphate, or a carbamate. Also, in wastewater treatment plants, chelating agents are used to interfere with metal removal processes, allowing toxic metals to pass through untreated and contaminate the environment. The chelating agent market growth is expected to have significant growth due rising demand for cleaning formulations, such as surface cleaners, all-purpose cleaners, and disinfectants.

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CHELATING AGENTS MARKET REPORT OUTLOOK

The global chelating agent market is anticipated to grow significantly during the forecast period. The key factor driving the growth of market is increase in demand for potable water as there is rapid population growth in developing countries, particularly in urban areas are creating great demand for chelating agent. Also rise in the use of environmentally friendly chelating agents in agriculture, food and beverages, personal care products, pharmaceuticals, pulp and paper, textiles, water treatment, and oil field applications is further fueling the growth for chelating agents market. Besides increasing awareness about homecare products is propelling the demand for chelating agents market.

COVID 19 IMPACT ON CHELATING AGENTS MARKET REPORT

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the chelating agents market. In addition, complete analysis of changes on the chelating agent’s market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the chelating agents market was moderate as major industries were shut down for few months which has ultimately affected the growth of chelating agents market

CHELATING AGENTS MARKET SEGMENTAL OVERVIEW

The chelating agents market is segmented based on by type, by application and geography

CHELATING AGENTS MARKET BY TYPE

The chelating agents are available in different types including aminopolycarboxylates, phosphates phosphonates

Aminopolycarboxylate dominate the global chelating agents market accounting the significant number of share. The growth is due to ability of chelating agents to form stable metal-chelate complexes for using in various industrial processes. Besides, increasing availability of biodegradable products is fueling the demand for chelating agents market. Moreover, increasing used of aminopolycarboxylate in household and home care applications, particularly for water treatment is expected to drive the growth of segment.

CHELATING AGENTS MARKET BY APPLICATION

Chelating agents has its application in pulp and paper, household and industrial cleaning, agrochemicals, water treatment, chemical processing, and consumer products

Household and industrial cleaning has major used of chelating agents in cleaning formulations for effective functioning with the cleaning process. In laundry or dishwashing chelating agents are frequently added to the composition to soften water by inactivating Ca and Mg ions, which are the major metal ions that contribute to hardness. Chelating components inactivate Ca and Mg ions by sequestration making soluble. Also, chelating agents has major role to improve shelf-life, prevent allergies related to nickel or chromium, maintain color, provide antimicrobial effect, and help in scale removal.

CHELATING AGENTS MARKET BY GEOGRAPHY

Geographically the global chelating agents market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)

Asia Pacific is anticipated to lead the global chelating agents market attributing to increasing industries demanding chelating agents for various application. In addition, growing population urbanization, and industrialization are the major factors driving the growth of chelating agents market in the region. The presence of various countries like India, China, Japan, Indonesia, and South Korea are expected to show various use of chelating agent in water treatment, cleaning, and detergent application sectors due to growing population, coupled with increasing awareness. Moreover, demand from the food and beverage industry is also projected to augment the market demand for chelating agents in the region. On the other hand North America is expected to have significant growth owing to rising public concerns over environmental pollution caused by using non-biodegradable agents which ultimately fueling the demand for chelating agents market

CHELATING AGENTS MARKET KEY PLAYER

The key players in chelating agents market are Akzonobel N.V., Archer Daniels Midland Company (ADM), BASF SE, Cargill, Incorporated, The Dow Chemical Company, Merck KGaA, Lanxess AG, Kemira OYJ, Tate Lyle PLC, Emd Millipore, Mitsubishi Rayon Co., Ltd, Nouryon, Nippon Shokubai Co., Ltd., Osam Speciality Chemicals Pvt. Ltd., Adm, Hexion, Ava Chemicals Private Limited, Nuova DOT srl and Zhonglan Industry Co.,Ltd. among others.

CHELATING AGENTS MARKET RECENT DEVELOPMENT

November 2020: BASF had introduced Neutrol MGDA, a readily biodegradable complexing agent for personal care applications. It is readily biodegradable and stands out due to its excellent ecological and toxicological profile. Complexing agents are used in cosmetic products to form very stable complexes with metal ions, thereby inactivating their negative influences on the final formulation.

August 2020: Dr Reddy’s laboratories had launched penicillamine capsules in us. It is a chelating agent used in the treatment of Wilson’s disease and to reduce cystine excretion in cystinuria and to treat patients with severe, active rheumatoid arthritis

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