The global chelating agents market size is projected to reach USD 6,396.9 millionby 2027, exhibiting a CAGR of 4.4% during the forecast period. The developmentof biodegradable sequestering agents by leading players will brighten theoutlook of this market, observes Fortune Business Insights™ in its report,titled “Chelating Agents Market Size, Share &COVID-19 Impact Analysis, ByProduct Type (Sodium Gluconate, Organophosphonates, EDTA & HEDTA, EDDS,GLDA, IDS & MGDA, NTA, and Glucoheptonates), By Application (Pulp &Paper, Household, Institutional & Industrial Cleaning Product,Chemical Processing, Agrochemicals, Water Treatment, Photo Application,Consumer Product, Textile, Metal), and Regional Forecast, 2020-2027”.
The chemicalmanufacturing sector has been one of the primary polluters for ages. However,with changing times and evolving perceptions, along with the growing stringencyof environmental regulations, chemical companies are now investing in thedevelopment of products that are eco-friendly and sustainable. For example,Finland-based Kemira has engineered the Fennobio product lineup ofOECD-certified biodegradable chelating agents for recycled, mechanical, andchemical fibers. These products do not contain hazardous elements and areincombustible, which makes them environmentally suitable for bleachingprocesses. Similarly, in July 2019, BASF launched its readily biodegradablechelator, Trilon M, derived from renewables and based on the biomass-balanceapproach. The availability of such products is, thus, broadening the horizons ofthis market.
List of Top Companies Profiled in the ChelatingAgents Market Report:
· Zhonglan IndustryCo., Ltd. (Shandong, China)
· Tosoh Corporation(Tokyo, Japan)
· Hexion (Ohio, U.S.)
· Nouryon (Amsterdam,Netherlands)
· Shandong IRO Chelating Chemical Co., Ltd.(Shandong, China)
· Mitsubishi Chemical Corporation (Tokyo,Japan)
· BASF SE (Ludwigshafen, Germany)
· Akzo Nobel N.V. (Amsterdam, Netherlands)
· Bozzetto Group(Filago, Italy)
· Ava ChemicalsPrivate Limited (Maharashtra, India)
· Ascend PerformanceMaterials (Houston, U.S.)
· NIPPON SHOKUBAI CO., LTD. (Osaka, Japan)
· Kemira (Helsinki, Finland)
· Dow Chemical Company (Michigan, U.S.)
· ADM (Illinois, U.S)
The report statesthat the value of the global market stood at USD 4,757.1 million in 2019 andoffers the following:
· Deep understanding of the key marketsegments and their performance;
· Holistic profiling of the major marketplayers and detailed study of their main strategies;
· Industry-leading analysis of the differentmarket drivers and challenges; and
· Exhaustive study of the regional developmentsimpacting the growth of the market.
Restraining Factor
Contracting Demand for Paper amid COVID-19 to Obstruct Market Growth
The chelatingagents market growth is likely to face serious challenges in the immediate dueto the coronavirus outbreak. The COVID-19 pandemic has forced governments toimpose strict lockdown and social distancing measures to contain the spread ofthe virus. As a result, global supply chains have gotten disrupted and remoteworking and study from home models have drastically reduced the demand forstationery items, especially paper. For example, according to a report by NorthCarolina State University, the shutdown of colleges and universities in the UShas rapidly diminished the demand for copier paper and printing paper. Similarly,in India, an article in the Deccan Herald revealed that the nationwide lockdownhas led to a 10-15% dip in the demand for paper and paperboard in the country. Chelators,mainly Diethylenetriaminepentaacetate (DTPA) and Ethylenediaminetetraacetic acid(EDTA), are widely used in thepulp and paper industry to facilitate the peroxide-based bleaching process andremove metal ions. The slowdown in the paper industry will, thus, have ripplingeffects on the sequestering agents market as well.
Regional Insights
Advancements in the Surfactants Industry to Accelerate the AsiaPacific Market
Asia Pacific isexpected to lead the chelating agents market share during the forecast periodowing to the promising technological advancements being made in the region’ssurfactants industry. Competitors in this industry are developing liquiddetergents with biodegradable compounds to cater to the widening awareness inIndia and China about the pollution caused by synthetic cleaning chemicals. In2019, the Asia Pacific market size stood at USD 1,969.5 million.
A steady transitiontowards green economy models and strict regulations governing chemicalmanufacturing by the European Union (EU) will stimulate the market in Europeand generate vast opportunities. In North America, the market will be driven bythe rising demand for chelating agents in oilfield applications.
Competitive Landscape
Introduction of Inventive Solutions to Foster Competition
Key players in thismarket are deeply engaged in developing and introducing innovative sequesteringsolutions, with a view to amplify their business outreach. Most of thecompanies are concentrating on coming up with sustainable, biodegradableproducts, which will future-proof their portfolios.
Industry Developments:
· November 2020: BASF’s Care Creations launched an eco-friendly, highly stable chelatingagent called Neutrol MGDAfor the personal care industry. The product is readilybiodegradable and has an excellent toxicological profile and features superiorcapabilities in binding metal ions. Moreover, its high thermal stability allowsit to be added at any step in the manufacturing of cosmetic products.
https://www.fortunebusinessinsights.com/chelating-agents-market-104716
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