4th January 2020 – Global Chelating
Agents Market Research Report Presents Intellect by Leading Players,
Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn USD) and
Region –Forecast to 2024.
Global chelating agents market is
expected to reach USD 5.17 billion by 2024. Chelating agents are also termed as
sequestering, chelants or chelators agents; which are chemical compounds that
react with metal ions to form water-soluble, stable metal complexes. Its
molecules may form several bonds to a single metal ion. It is exclusively used
for corrosion control, in medicines, water treatment. The chelating agent
market is estimated to grow at a significant CAGR of 3.1% over the forecast
period as the scope and its applications are rising enormously across the
globe.
The factors that are playing a major
role in the growth of chelating agents market are rising awareness regarding
water treatment, growing use of biodegradable chelating agents, and high demand
from end users like cleaners & detergents. However, ecotoxicological risk
regarding conventional chelating agents may restrain overall market growth in the
years to come. Chelating agent market is segmented based on type, application,
and region.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/chelating-agents-market/request-sample
Phosphates & phosphonates,
aminopolycarboxylate, sodium gluconate, and the other types could be explored
in chelating agents in the forecast period. The other sector comprises
N-(2-Hydroxyethyl) ethylenediaminetetraacetic acid (HEDTA), zeolites, and
biodegradable chelating agents. Aminopolycarboxylate sector accounted for the
substantial market share of chelating agents and is estimated to continue its
dominance in the years to come. The reason could be high demand from several
industrial applications. In addition, phosphates & phosphonates sector is
estimated to grow at the fastest pace in the years to come.
The market may be categorized based on
applications like food & beverage, cleaners, pharmaceutical, water
treatment, personal care, pulp & paper, agrochemicals, and others. Pulp
& paper sector accounted for the significant market share of chelating
agents and is estimated to lead the overall market in the years to come. The
reason could be the growing demand for packaging, papers for writing, and
printing.
Globally, Asia Pacific accounted for the
substantial market share of chelating agents and is estimated to lead the
overall market in the years to come. The reason behind the overall market
growth could be the presence of several paper and pulp industries and high
economic growth rate. The developing countries like India and China are the
major consumers of chelating agents in this region. The reason could be rising
consciousness among consumers regarding hygiene.
Europe and North America are also
estimated to have a positive influence on future growth. North America is the
second largest region with significant market share. However, Europe is
estimated to grow at the highest CAGR in the forecast period. The key players
of chelating agents industry are AkzoNobel N.V., Archer Daniels Midland
Company, Cargill Incorporated, Sigma-Aldrich Corporation, BASF SE, and The Dow
Chemical Company. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
Get
in touch
At Million Insights, we work with the
aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
For
More Information, Visit @ https://www.millioninsights.com
No comments:
Post a Comment