The new report by Expert Market Research titled, ‘Global Chelating Agents Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global chelating agents market, assessing the market based on its segments like types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It alsassesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3.8%
The use of chelating agents in the cleaning products, like surface cleaners, all-purpose cleaners, disinfectants and detergents, is expected trise owing tthe need for maintaining proper personal and surrounding hygiene. Industries, such as paper and pulp, industrial and institutional cleaning, water treatment, oil and gas, textile, pharmaceuticals, agriculture, and personal care, use chelating agents in many applications and have a major presence in several regions, which is responsible for the large size of the market globally. In addition, increased demand for potable water is expected tpropel the chelating agents market forward. Rising health awareness and increasing concerns over common diseases among consumers are expected taugment the product demand in these industries, thereby resulting in significant growth of the market.
Industry Definition and Major Segments
A chelating agent is a chemical molecule that combines with metal ions tform water-soluble metal complexes that are stable. The agent alters the chemical composition of the metal, improving its overall stability and capacity tconnect with other compounds. Chelating agents, alsknown as chelants, chelators, or sequestering agents.
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By type, the market is segmented into:
- Sodium Gluconate
- Phosphates and Phosphonates
The product finds wide applications in the following sectors:
- Pulp and Paper
- Water Treatment
- Personal Care
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Rapidly increasing urbanisation and accelerated population, coupled with steady industrialisation, are projected timpact the demand positively. Adverse effects of non-biodegradable chelating agents called in for promoting the usage of bio-degradable and advanced chemicals, particularly in the Asia Pacific region, will prove tbe an excellent opportunity for the market. Chelating agents enhance the effectiveness of hydrosulphite and hydrogen peroxide bleaches and minimise the bleaching costs and downtime. The addition of chelating agents tthe pulp processing and papermaking process removes the scales, thus improving the overall efficiency. These factors are expected tpropel the growth of the global chelating agents market.
Key Market Players
The major players in the market are BASF SE, The Dow Chemical Company, Nouryon, Mitsubishi Chemical Holdings Corporation, and Nippon Shokubai Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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