Chelating Agent Market is Expected to Showcase Rampant Growth Over 2030

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Chelating Agent Market.

The Chelating Agent Market is growing at a rapid pace, mainly due to its extensive use in cleaning agents. The chelating agent finds its applications in many burgeoning industries, including chemicals, healthcare, water & wastewater, pharmaceuticals, and agriculture, among others. Its wide-ranging applications in many processes, including scale removal & prevention, water treatment, and most importantly, in corrosion control escalate the market on the global platform.

The chelating agent market has been perceiving a positive growth over the past few years and would continue to grow, led by the same growth trends. According to Market Research Future (MRFR), the global chelating agent market is forecasted to witness significant growth by 2030. In its recently published analysis, MRFR also asserts that the market would register a steady CAGR throughout the estimated period (2021 – 2030). 

The chelating agent market is predominantly driven by the augmented market demand, growing population, and the rapidly depleting water reservoirs that are prompting the need to adopt water harvesting or recycling processes. The increasing uses in the water purification process drive the demand for the chelating agent, consecutively. Moreover, rising industrialization and urbanization provide impetus to the growth of the chelating agent market.

Global Chelating Agent Market   - Segments

The report is segmented into four market dynamics to widen the scope of understanding,

By Form:  Phosphates & Phosphonates and Aminopolycarboxylate, among others.

By Application:  Cleaning agent, Detergent, Plastic Additives, Water treatment, Ink, Medicine, and Fertilizer, among others.

By End-user:  Chemicals, Healthcare, Water & Wastewater, Pharmaceuticals, and Agriculture, among others.

By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World.

Regional Analysis

The Asia Pacific leads the global chelating agent market with the largest market share. The presence of many notable producers and the availability of cost-comprehensive labor-force substantiate the regional market growth. Rapidly developing countries such as India, China, and Japan account for the major contributors to the growth of the regional market. Moreover, factors such as the continually rising population, rapid industrialization, and urbanization are driving the consumption of chelating agent in the region.

The chelating agent market in developed regions such as Europe and North America are growing rapidly too.  Growing usages of chelating agent in applications such as household and industrial cleaning predominantly drive the regional market growth. Strict regulatory framework and high rate of technology adoption allow the regional market to witness substantial growth. Chelating agent markets in the US, the UK, Germany, and Russia, backed by the higher penetration of end-user industries account for the major contributor to the growth of their respective regional markets.

Chelating Agent Market   - Competitive Analysis

Highly competitive, the global chelating agent market appears to be fragmented due to the presence of several large and small-scale players. To gain a competitive advantage in the market, these players incorporate strategic initiatives such as mergers & acquisition, collaboration, expansion, and technology launch. The high growth potential demonstrated by the market attracts several new entrants, which is estimated to intensify the competition in the market further.

Major Players:

Players leading the global chelating agent market include Huntsman Corporation (Germany), The Dow Chemical Company (US), BASF SE (Germany), Kemira OYJ (Tokyo), AkzoNobel NA (Netherlands), ADM (US), Lanxess AG (Germany), and Sigma-Aldrich Corporation (US), among others.

Industry/Innovations/Related News:

July 30, 2019 --- BASF SE (Germany), a leading global chemical producer, launched its new biodegradable chelating agent -Trilon M Max EcoBalanced based on renewable resources. BASF developed the biodegradable chelating agent inspired by the need to find a sustainable alternative to phosphate and phosphonate.

Moreover, the continually rising demand for home care and industrial cleaning solutions developed using sustainable and high-quality ingredients has also encouraged DASF to develop a bio-based chelating agent. The Trilon M Max EcoBalanced would help to support its end-users on their journey to more sustainability. BASF also confirmed that it would continue to supply renewable raw materials while giving its customers full transparency with the REDcert2 certification at the same time.

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