DUBLIN--(BUSINESS WIRE)--The "Chelating Agents Market by Type (Non-biodegradable, Biodegradable), By Application (Pulp & Paper, Cleaning, Water Treatment, Agrochemicals, Personal Care), and Region (NA, Europe, APAC, SA, MEA) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global market size of chelating agents was USD 6,892.8 million in 2019 and is projected to register a CAGR of 4.2% between 2020 and 2025.
The growing demand for cleaning formulations for domestic, commercial, and industrial applications is driving the overall chelating agents market.
Chelating agents are an integral part of cleaning products used in both household and institutional cleaning activities. Increasing demand from cleaning formulations, such as surface cleaners, all-purpose cleaners, and disinfectants, is the major driver of the chelating agents market.
Biodegradable chelating agents to register the fastest growth during the forecast period.
The objective of readily biodegradable chelating agents is to attain sustainability. The demand for cleaning products, such as surface cleaners, detergents, and personal care products, such as soaps, shampoos, and potable water, is continuously on the rise. Growth in the consumption of these personal care and cleaning products; the necessity of maintaining proper hygiene at workplaces, homes, and commercial spaces; and safety provided by the product are the major factors propelling the demand for biodegradable chelating agents.
Cleaning to be the fastest-growing application segment.
Chelating agents are used in cleaning formulations for their effective functioning by preventing the minerals prevalent in hard water from meddling with the cleaning process. In addition, chelating agents also improve shelf-life, prevent allergies related to nickel or chromium, maintain color, provide antimicrobial effect, and help in scale removal. The use of chelating agents in cleaning products, such as surface cleaners, all-purpose cleaners, detergents, and disinfectants, is expected to rise owing to the need for maintaining proper personal and surrounding hygiene.
APAC to dominate the chelating agents market during the forecast period.
The APAC is projected to lead the chelating agents market during the forecast period. Growing population, urbanization, and industrialization are the major drivers for the chelating agents market in the region. Industries, such as paper & pulp, industrial & institutional cleaning, water treatment, oil & gas, textile, pharmaceuticals, agriculture, and personal care, use chelating agents in many applications and also have a major presence in APAC, which is responsible for the large size of the market in the region.
An increase in cleaning requirements in this pandemic situation has resulted in rapid growth in the use of cleaning products, such as surface cleaners and detergents, which, in perspective to the large population, is expected to drive the chelating agents market further during the forecast period. However, this pandemic has a negative impact on some of the applications; for instance, the pulp & paper industry is expected to witness slow growth owing to a decrease in demand for graphic paper. Hence, as an overall impact on each application segment, the chelating agents market is expected to witness a dip in 2020.
- Increase in Demand for Treated Water
- High Growth Potential in the Cleaning Segment
- Eco-Toxicological Risk of Non-Biodegradable Chelating Agents
- Increase in the Use of Environmentally-Friendly Chelating Agents
- Use of Chelating Agents for Novel Applications in the Pharmaceutical Industry
- The DOW Chemical Company
- Kemira Oyj
- Mitsubishi Chemical Holdings Corporation
- Nippon Shokubai Co., Ltd.
- Ascend Performance Materials
- AVA Chemicals
- Chemtex Speciality Limited
- Osam Specialty Chemicals Pvt. Ltd.
- Tosoh Corporation
- Bozzetto Group
- Zhonglan Industry Co., Ltd.
- Saanvi Corp
- Tate & Lyle
- Shandong Iro Chelating Chemical Co., Ltd.
- Zschimmer & Schwarz
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