Biodegradable Chelating Agents Market Overview
The global Biodegradable Chelating Agents market was valued at USD 5,184 million in 2021 and is projected to reach USDÂ 7,70,384 million by 2030 at a CAGR of 4.5%.
Green chelates/Natural Chelating Agents are biodegradable materials mainly used for washing or cleaning. These materials are primarily used in laundry, surface care, detergents, and homecare. Common Chelating Agents are poorly biodegradable, and there are concerns about their environmental effects. Heavy metals, which are very toxic to water and soil, are used in these. Growth in personal consumption of these products leads to more demand for biodegradable Chelating Agents. Also, the use of chelating in cleaning products is rising. It is a chemical agent that can prevent minerals in hard water and the minerals. Preventing allergies and shelf life microbial effects are some of the features of chelating. These features of Chelating Agents will improve hygiene in many regions. All these factors are expected to increase Chelating Agents' market value immensely.
COVID-19 Impact on the Biodegradable Chelating Agents Market:
The outbreak of covid 19 leads to unprecedented changes in the Chelating Agents market. The effect of the pandemic was neural for the market. Because of constant lockdowns in various regions, the decline in demand and supply disruptions are some factors affecting growth. Also, the shutdown of production and manufacturing industries is another factor that affects the demand from the user end. Therefore Chelating Agents market witnessed decreasing trend.
The pulp & paper industry is widely affected due to these factors. With the closedown of colleges and universities printing paper industry witnessed a decline. Hygiene products, medical products, and specialty papers are reduced. Paper and pulp-producing techniques are affected to reduce the pandemic's risks. However, from 2021 the demand for the market is surging. In many regions, hygiene products have massive demand. Maintaining hygiene reduces the spread of the virus. Due to this, cleaning products and detergents are rapidly increasing. Industrial and institutional cleaning rise leads to high demand for Chelating Agents.
Market Dynamics
Drivers
- Growing demand in Pulp & paper industries: The pulp & paper industry has a higher usage of Chelating Agents. The chemicals are used to manufacture quality papers. Especially personal hygiene products are gaining more traction in recent years. These biodegradable paper products are widely used in hospitals and many industries.
Restraints
- Harmful effects of toxic Chelating Agents: Some Biodegradable Chelating Agents are not completely degradable in the environment.EDTA is poorly biodegradable, so there is 10% nitrogen that can damage marine species. Such factors can be a restraint for the Biodegradable Chelating Agents market in the forecast period.
Opportunity
- Massive demand from the eCommerce sector: The eCommerce sector is responsible for high revenue rates for the market. The Chelating Agents are supplied on a large scale through this source. Developing e-commerce sectors in the developing regions will lead to high demand in the Chelating Agents market.
Challenges
Lack of awareness of the Chelating Agents: There is a lack of awareness about the properties and applications of bio-degradable Chelating Agents across the globe. Due to this factor, consumers use other harmful or costly products over the bio-degradable Chelating Agents. Making consumers aware of the product is one of the challenges for the Biodegradable Chelating Agents market.
Segmentation
By product type
- Citric
- APCA (amino polycarboxylates)
- Organophosphates
- Sodium Gluconate
- Others
By Application
- Pulp & paper
- Water treatment
- Agrochemical
- Health care
- Food & beverages
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East & Africa
Regional Analysis
The Biodegradable Chelating Agents market is fragmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to outgrow other key players with high market growth. The presence of key leaders in this region is boosting developments and product launches. Urbanization is rapidly surging the need for the Biodegradable Chelating Agents market. Industrialization and the growing population is another driving factor.
Regarding value and volume, Asia-Pacific constituted a significant share of the global biodegradable Chelating Agents market. This trend is projected to continue during the forecast period. The rising preference for Biodegradable Chelating Agents is employed in the paper & pulp industry to control scaling and protect bleach potency during paper production. During the forecast period, pulp & paper industry growth is expected to propel the demand for biodegradable Chelating Agents. The rising preference for liquid detergent over powder is another driving factor for the surfactant industry in the region.
In Europe, public awareness about environmental contamination caused by non-biodegradable agents in applications such as dishwasher detergents leads to the demand for biodegradable agents. The pulp & paper industry will boost the Chelating Agent market growth in the region.
Plenty of land resources, fertile soils, sufficient water supply, and desirable climatic conditions in Latin America serve a unique comparative advantage. Brazil is a rapidly growing economy and one of the world's primary markets for crop protection the rapid growth of the country. The crop protection industry is due to an increase in the demand for maize and soybeans for exports which has boosted the use of agrochemicals and the growing demand for agrochemicals in the region, which is likely to drive the market in agriculture. Metallic plates are commonly used as micronutrient fertilizers to deliver iron, magnesium, and copper to plants.
Due to stringent environmental restrictions imposed by government agencies in the Middle East & Africa, the demand for water and wastewater treatment is rising. Rapid industrialization in emerging economies such as the UAE and Qatar, where factories are keen to implement water and wastewater treatment processes in line with the requirements for industrial sewage disposal. The rising stringent regulations regarding water production in the region are projected to drive the demand for Chelating Agents.
Competitive Landscape
The competition in the Chelating Agents market is constantly surging. The market continues to be fragmented, and the competitive environment is extreme, with the window involvement of prominent and small players. The entrance of key players will boost the overall competition. There are plenty of factors that raise the growth of this market. Market acquisitions, expansions, and mergers are key regions in the competitive landscape. All these factors will contribute to the expansion of this market in the forecast period. Green chelating products have promising developments.
BASF SE, Akzo Nobel, DowDuPont, Nouryon, Mitsubishi Chemical Corporation, Zhonglan industry, Tosoh Corporation, ADM, Natural Ingredients Corp., and Nouryon are some companies that are competing in the market for biodegradable Chelating Agents.
Key Developments
- In April 2021, Layn Natural Ingredients Corp. introduced SustaNX, which will be a part of its Plantae Preservation range of polyphenol-rich antioxidant preservation systems for beverages, foods, fragrances, pet food, and flavors. These advanced preservation formulas comprise proprietary and proven standardized extracts, facilitating ease in the formulation and a mild sensory profile with no significant impact on the color or taste in the application. These systems comprise a chelating agent and a free-radical scavenger that lets the formulators use lower dosages than mixed tocopherols.
- In September 2021, Nouryon began production at its latest manufacturing unit in Nin. gbo, China, to cater to the steadily rising polymer demand in Asia for use in paints & coatings, construction, and packaging end-markets. The company’s Ningbo unit covers six production facilities that develop Chelating Agents, along with ethylene amines, organic peroxides, surfactants, and cellulose ethers
Report Overview:
The Biodegradable Chelating Agents market is segmented by product type, application, and region. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Biodegradable Chelating Agents emerging and fast-growing segments, regions, and countries.
Objectives of the Study
- To get a comprehensive overview of the global Biodegradable Chelating Agents Market
- To get wide-ranging information about the key factors driving the market and market opportunities
- To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments
- To gain insights into the key country/region in which the market is growing
Intended Audience
- Food & beverages industry
- Suppliers and traders of Biodegradable Chelating Agents and related products
- Government, associations, and industrial associations
- Investors and trade experts
- Pulp & paper industry
Report Attribute/Metric
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Details
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Market Size
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2030: 7,70,384 million
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CAGR
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4.5% CAGR (2022-2030)
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Base Year
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2021
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Forecast Period
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2022-2030
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Historical Data
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2020
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Forecast Units
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Value (USD Million)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Product Type, Application,and Region
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Geographies Covered
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North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
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Key Vendors
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BASF SE, Akzo Nobel, DowDuPont, Nouryon, Mitsubishi Chemical Corporation, Zhonglan industry, Tosoh Corporation, ADM, Natural Ingredients Corp., Nouryon.
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Key Market Opportunities
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• Massive demand from the eCommerce sector
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Key Market Drivers
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• Growing demand in Pulp & paper industries
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Biodegradable Chelating Agents Market Highlights:
Frequently Asked Questions (FAQ) :
The global Biodegradable Chelating Agents Market would register a growth of 4.5%.
The global Biodegradable Chelating Agents market is projected to reach USD 7,70,384 million by 2030
BASF SE, Akzo Nobel, DowDuPont, Nouryon, Mitsubishi Chemical Corporation, Zhonglan industry, Tosoh Corporation, ADM, Natural Ingredients Corp., Nouryon are the key players in Global Biodegradable Chelating Agents Market.
The Asia-Pacific is growing at the highest growth in Global Biodegradable Chelating Agents Market
The rising preference for liquid detergent over powder is another driving factor for the surfactant industry in the region.