Chelating Agents Market Key Business Opportunities, Impressive Growth Rate and Analysis

The global chelating agents market growth is projected to reach USD 6,396.9 million by 2027, exhibiting a CAGR of 4.4% during the forecast period. The development of biodegradable sequestering agents by leading players will brighten the outlook of this market.

The chemical manufacturing sector has been one of the primary polluters for ages. However, with changing times and evolving perceptions, along with the growing stringency of environmental regulations, chemical companies are now investing in the development of products that are eco-friendly and sustainable.

For example, Finland-based Kemira has engineered the Fennobio product lineup of OECD-certified biodegradable chelating agents for recycled, mechanical, and chemical fibers. These products do not contain hazardous elements and are incombustible, which makes them environmentally suitable for bleaching processes. Similarly, in July 2019, BASF launched its readily biodegradable chelator, Trilon M, derived from renewables and based on the biomass-balance approach. The availability of such products is, thus, broadening the horizons of this market.

List of Top Companies Profiled in the Chelating Agents Market Report:

Zhonglan Industry Co., 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 Chemicals Private Limited (Maharashtra, India)

Ascend Performance Materials (Houston, U.S.)

NIPPON SHOKUBAI CO., LTD. (Osaka, Japan)

Kemira (Helsinki, Finland)

Dow Chemical Company (Michigan, U.S.)

ADM (Illinois, U.S)

The report states that the value of the global market stood at USD 4,757.1 million in 2019 and offers the following:

Deep understanding of the key market segments and their performance;

Holistic profiling of the major market players and detailed study of their main strategies;

Industry-leading analysis of the different market drivers and challenges; and

Exhaustive study of the regional developments impacting the growth of the market.

Restraining Factor

Contracting Demand for Paper amid COVID-19 to Obstruct Market Growth

The chelating agents market growth is likely to face serious challenges in the immediate due to the coronavirus outbreak. The COVID-19 pandemic has forced governments to impose strict lockdown and social distancing measures to contain the spread of the virus. As a result, global supply chains have gotten disrupted and remote working and study from home models have drastically reduced the demand for stationery items, especially paper.

For example, according to a report by North Carolina State University, the shutdown of colleges and universities in the US has rapidly diminished the demand for copier paper and printing paper. Similarly, in India, an article in the Deccan Herald revealed that the nationwide lockdown has led to a 10-15% dip in the demand for paper and paperboard in the country. Chelators, mainly Diethylenetriamine pentaacetate (DTPA) and Ethylenediaminetetraacetic acid (EDTA), are widely used in the pulp and paper industry to facilitate the peroxide-based bleaching process and remove metal ions. The slowdown in the paper industry will, thus, have rippling effects on the sequestering agents market as well.

Regional Insights

Advancements in the Surfactants Industry to Accelerate the Asia Pacific Market

Asia Pacific is expected to lead the chelating agents market share during the forecast period owing to the promising technological advancements being made in the region’s surfactants industry. Competitors in this industry are developing liquid detergents with biodegradable compounds to cater to the widening awareness in India and China about the pollution caused by synthetic cleaning chemicals. In 2019, the Asia Pacific market size stood at USD 1,969.5 million.

A steady transition towards green economy models and strict regulations governing chemical manufacturing by the European Union (EU) will stimulate the market in Europe and generate vast opportunities. In North America, the market will be driven by the rising demand for chelating agents in oilfield applications.

Competitive Landscape

Introduction of Inventive Solutions to Foster Competition

Key players in this market are deeply engaged in developing and introducing innovative sequestering solutions, with a view to amplify their business outreach. Most of the companies are concentrating on coming up with sustainable, biodegradable products, which will future-proof their portfolios.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/chelating-agents-market-104716