As reported by Market Research Future, Chelating Agents Market 2020 stocks showed slight gains as a slew of significant companies reported earnings, some of them beating already low expectations from coronavirus economic troubles. Double-digit stock gains pushed the market to a median 4.12% CAGR and the announcement of USD 5.6 Billion revenue by the end of the year 2025. The study is conducted from 2017 through 2025.
Mitsubishi Chemical Corporation (Japan), Centro Chino (China), Kemira Oyj (Finland), Tosoh Corporation (Japan), Archer Daniels Midland Company (US), BASF SE (Germany), Lanxess AG (Germany), Merck KGaA (Germany), and DowDuPont (US) are the essential vendors of the market.
Chelating Agents Growth Boosters:
The market of Chelating Agents is possible to observe growth over the assessment period owing to the rising demand for chelating agents in agrochemicals, pulp and paper, and detergent applications. The growth of these end-use industries might propel demand over the forecast period. It has been observed that swiftly rising urbanization, accelerated population, coupled with steady industrialization, is estimated to blow the demand positively. Chelating agents operate as high-performance chemical solutions and offer stability to complexions.
As per the study, the Chelating Agent Market is the fastest-growing market as it is mainly driven by the surged demand from the end-users majorly from the cleaning & detergent industry. The other foremost factor that drives the market growth includes augment the demand for water treatment chemicals from the end-users and accelerated expansion of paper and detergent industries.
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On the other side of the story, Chelating Agents play a pivotal role in the manufacturing process of an extensive range of industrial and household cleaning products, ranging from surface cleaners, detergents, granules, liquid washing soaps, and sprays. It is the rapid industrialization that has escalated the market for the Chelating Agent Industry in diverse end-user industries.
Apart from conventional Chelating Agents, the environmentally friendly chelating agents are featuring strapping growth dynamics for the market in the assessment period. Biodegradability is essential to prevent long-term consequences for humans and the environment. Alternatives such as GLDA, citric acid, EDDS, MGDA, gluconic acid, IDS, and glucoheptonates constitute a hefty proportion of the sales of other products that are likely to climb globally at a considerable pace. All these factors are taking the market to the next level, creating a strong future ahead.
On the contrary, the factors related to environmental issues owing to toxicological risks causing by Chelating Agents might restrain the Chelating Agent Market Growth during the assessment period.
The Report Segments the Chelating Agent Market on the basis of Type, Application, and End-Use Industry.
By the Segment of Type, the global market has included biodegradable and non-biodegradable. Among these, biodegradable Chelating Agents have to include ethylenediamine-N, sodium gluconate, glutamic acid diacetic acid (GLDA), N-Disuccinic Acid (EDDS), and methylglycinediacetic acid (MGDA). At the same time, non-biodegradable chelating agents have included phosphates & phosphonates, amino polycarboxylates, and ethylenediamine tetra-acetic acid (EDTA).
By the Segment of the Application, the Global Chelating Agents Market has included household and industrial cleaners, papermaking, food, medical, water treatment, fertilizers, scale removal & prevention, textile, and others.
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By the End-Use Industry Segment, the global market has included surfactants, paper & pulp, water treatment, agriculture, healthcare, textile, and others.
Global Chelating Agents Market, regionally, has been studied across Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.
The Asia Pacific has been the foremost regional Chelating Agents Market in 2015 that accounted for 39.5% share of the global volume. This trend is now liable to continue over the proposed period owing to incessant innovations and developments in the textile as well as pulp and paper industries. Promising economies of the regions such as India, Japan, China, Indonesia, and South Korea are possible to show noteworthy improvements in the activities such as cleaning, water treatment, and detergent application sectors under versions such as growing population, coupled with escalating awareness. In fact, the surged demand from the food and beverage industry of the region is also planned to augment the market demand over the assessment period. Rapid urbanization, continuous industrialization along with surging demand for clean and treated water as well as processed food are some of the other important factors driving the market in the Asia Pacific.
North America is proposed to expand at a CAGR of 2.8% over the forecast period. North America and Europe account for an outstanding share of biodegradable chelating agents owing to increasing public concerns over environmental pollution caused by using non-biodegradable agents. This is possible to impel the demand for chelating agents in the regions above.
COVID-19 Study in Detail:
COVID-19 Impact Analysis on Bio-Based Chemicals Market @ https://www.marketresearchfuture.com/report/covid-19-impact-bio-based-chemicals-market
COVID-19 Impact Analysis on Surfactant Market @ https://www.marketresearchfuture.com/report/covid-19-impact-surfactant-market
Impact of COVID-19 on Recycled Polyethylene Terephthalate Market @ https://www.marketresearchfuture.com/report/covid-19-impact-recycled-polyethylene-terephthalate-market
NOTE: Our team of researchers is studying COVID-19 and its impact on various industry verticals and wherever required we will be considering COVID-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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