Global chelating agent market will reach USD 6.31 billion by 2021, growing at a CAGR of around 4.11% during 2016 and 2021.
Sarasota, FL -- (SBWIRE) -- 02/14/2017 -- Zion Market Research has published a new report titled "Chelating Agents Market by Product (Sodium Gluconate, APCA, Organophosphonate and Others) for Pulp & Paper, Household & Industrial Cleaning, Agrochemicals, Water Treatment, Chemical Processing, Consumer Products and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021." According to the report, the global chelating agents market accounted for USD 4.80 billion in 2015 and is expected to reach USD 6.31 billion by 2021, growing at a CAGR of around 4.11% between 2016 and 2021.
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Chelating agents are high-performance chemical compounds which form complexes with metal ions or other substrates. Chelating agents are also known as sequestering or chelators agents. Chelating agents are mainly used to treat metal poisoning. Different types of chelating agent include APCA, organophosphonates and gluconates. Chelating agents have an important role in the manufacturing process of a wide range of industrial and household cleaning products, such as liquid washing soaps, surface cleaners, sprays, detergents, and granules.
Global chelating agent market is primarily driven by increasing growth of pulp & paper industry across the globe. The growth of cleaning & detergent industry coupled with high demand for water treatment chemicals is expected to spur the growth of chelating agents market in the forecast period. However, growing ecological risks from the usage of non-biodegradable chelating agents may hamper the growth of chelating agent market in the coming years. Nonetheless, focus on developing biodegradable chelating agents is likely to disclose new avenues for chelating agent market in the near future.
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Sodium gluconate, amino polycarboxylate (APCA), organophosphonate and others are the key products of the chelating agent market. APCA and sodium gluconate segments together dominated the global chelating agent market with combined volume share of 74% in 2015. This trend is predicted to continue within the forecast period. On the basis of application, the global chelating agent market is segmented as pulp & paper, household & industrial cleaning, water treatment, agrochemicals, chemical processing, consumer products and other applications. Pulp & paper emerged as largest segment in term of revenue as well as volume. Rising demand for graphics and tissue papers is expected to propel the growth of this segment significantly in the years to come.
Geographically, Asia Pacific was the dominating regional market for chelating agents in term of volume in 2015. Asia Pacific acquired over 38% of industry volume share in the same year. Emerging economies of this region including India, China, Japan and Indonesia are expected to contribute the growth of chelating agents market. This growth is attributed to the urbanization and growth of detergent's application sector coupled with rising population. The Middle East & Africa and Latin America regions are also expected to contribute to the growth of market moderate CAGR in the forecast period.
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Some of the key companies operatives in the global chelating agent market include Cargill Incorporated, BASF SE, AkzoNobel N.V., Sigma-Aldrich Corporation, Archers Daniels Midland Company, Dow Chemical Company, and Lanxess AG amongst others.
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