Global Chelating Agents Market to be Dominated by Pulp & Paper Segment Through 2028
Global Chelating Agents
Market is increasing owning to the demand from various end use industries.
According to TechSci Research report, “Global Chelating Agents Market - By Region, Competition Forecast and Opportunities, 2018-2028",
The Global Chelating
Agents Market is anticipated to increase at an impressive rate in the forecast
period 2024-2028. Global Chelating Agents Market is expected to grow
impressively through 2028 due to the growing demand from the Pulp and Paper
Industry and Cleaning industries. The
increasing use of disinfectant cleaning inventions for industrial cleaning and
homecare cleaning inventions is a key reason increasing global revenue
development. Chelating agents are an important component of a broad range of
disinfection and home care formulations, and their usage is growing
exponentially because of the mass production of consumer goods. United Nations
Industrial Development Organization (UNIDO) estimates that in 2025, the world's
industrial output will have increased by 9.4%. With a rising global population
and consumer demand for cleaning formulation goods, these reasons are predicted
to increase the market for chelating agents.
Throughout the COVID-19 pandemic, the
market for chelating agents has benefited. During the pandemic, chelating agent
products saw considerable sales increase from major industry players including
Dow Chemicals Corporation, BASF SE, and others. Consumer awareness of personal
hygiene and cleaning practices has been vital to the rapid sector expansion of
hygienic personal care and housekeeping products. Also, the use of chelating
agent products in hospitals and clinics for surface cleaning and sanitization
procedures has substantially aided in the expansion of the chelating agent
market.
Moreover, chelating agents contain
important micronutrients like iron, zinc, manganese, and copper that enhance
their use in boosting immunity and promoting good health by lowering the danger
of bacterial infections and assaults. Due to severe lockdowns, market
participants in some areas experience difficulties with a shortage of raw
materials. Lockdowns have interrupted production and distribution processes,
which has led to shortages and delays in the market for chelating agents.
Biodegradable raw materials are primarily imported from the Asia-Pacific
region.
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"Chelating Agents Market."
Global Chelating Agents Market is segmented based on type and application.
Based on type,
the market is divided into Aminopolycarboxylic Acid, Sodium Gluconate,
Organophosphonate, and others. The Sodium Glucomate segment is expected to hold
the largest market share in the forecast period.
Based on Application, the market is
divided into pulp and paper, household and industrial cleaning, water
treatment, agrochemicals, personal care, and other. The growing awareness of cleaning
and personal hygiene is the primary reason driving the segment's growth.
Major companies operating in Global Chelating
Agents Market are:
- Akzo Nobel NV
- Archer Daniels Midland Company
- BASF SE
- Kemira Oyj
- The Dow Chemical Company
- Mitsubishi Chemical Holdings
Corporation
- Nouryon Chemicals Holding B.V
- Lonza Group AG
- Evonik Industries AG, Inc
- Ascend Performance Materials LLC
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“In 2022, a major revenue share is accounted for the paper and pulp industry.
Chelating agents are regularly employed in paper and pulp production processes
to increase pulp bleaching quality, which lowers bleaching costs for producers.
Ethylenediaminetetra-acetic Acid (EDTA) and Diethylene-triaminepentaacetic Acid
are the two chelating agents that are most frequently employed in the paper and
pulp industry (DTPA). Moreover, chelating agents serve to thicken the paper and
waterproof packing materials." said Mr. Karan Chechi, Research Director with
TechSci research, a research based global management consulting firm.
“Global Chelating Agents Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By
Type (Aminopolycarboxylic Acid, Sodium Gluconate, Organophosphonate, Others),
By Application (Pulp and Paper, Household and Industrial Cleaning, Water
Treatment, Agrochemicals, Personal Care and Other), By Company (2022), By
Region, Competition Forecast and Opportunities, 2028 has evaluated the future growth
potential of Global Chelating Agents market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Chelating Agents Market.
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