DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pf4hgk/chelating_agent) has announced the addition of the "Chelating Agent Market by Type, Application, & Geography - Global Trend & Forecast to 2019" report to their offering.
The Chelating Agent Market is projected to reach $4,586 Million by 2019, with a CAGR of 3.6% from 2014 to 2019
The chelating agent market has been growing in accordance with the advancement of the chemicals industry. The effect of industrialization has upsurged the market for chelants in different industries. The factors driving this market are the resultant multiple growth opportunities rising in industries, such as cleaners, textiles, agro-based chemicals, pulp & paper, water treatment, personal care, and others.
Development on a global scale has accelerated the growth of chelating agent. Cleaners and pulp & paper industries require chelating agents on a larger scale, which in turn increases its consumption to a higher level. Growth of pulp & paper and textile industries combined with technological innovations has pushed this market collectively. Chelating agents have resolved the problem of oxidation in food stuffs and supported the demand of chelating agents. The introduction of biodegradable chelating agents for water treatment purposes has opened new arenas for the development of this market.
The key market players of the chelating agent market are AkzoNobel N.V. (The Netherlands), BASF SE (Germany), The Dow Chemical Company (U.S.), and Lanxess AG (Germany). Other prominent companies in the market include Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), EMD Millipore (U.S.), Kemira Oyj (Finland), Mitsubishi Rayon Co., Ltd. (Japan), and Tate & Lyle PLC (U.K.).
These companies are adopting various business strategies, such as expansions & investments, mergers, acquisitions & joint ventures, agreements & partnerships, and new product development thereby establishing a firm hold on the market.
The use of innovative biodegradable chelating agents for water treatment and agricultural industries have created substantial opportunities for the market to expand, especially in the emerging markets of the Asia-Pacific region. This region accounted for a substantial market size in terms of volume in 2013.
SCOPE OF THE REPORT
On the basis of types, the market was sub-segmented as follows:
- Phosphate & phosphonates
- Biodegradable agents
- Others (HEDTA and Zeolites)
On the basis of applications, the market was sub-segmented as follows:
- Water treatment
- Pulp & paper
- Personal care
- Food & beverages
- Others (Metal working, oil field, polymerization, and textiles)
- Akzonobel N.V.
- Archer Daniels Midland Company (ADM)
- BASF SE
- Cargill, Incorporated
- Emd Millipore
- Kemira Oyj
- Lanxess AG
- Mitsubishi Rayon Co., Ltd.
- Tate & Lyle PLC
- The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/pf4hgk/chelating_agent