$6.3 Billion Chelating Agents Market by 2024 - Top Companies, Trends and Future Prospects Details for Business Development

According to the latest report by IMARC Group titled, “Chelating Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global chelating agents market reached a value of US$ 5 Billion in 2017. Looking forward, the market is expected to reach a value of US$ 6.3 Billion by 2023, exhibiting a CAGR of around 3.8% during 2018-2023.

Chelating agents are chemical compounds that form a stable, water-soluble complex after reacting with metal ions. They are usually organic compounds and have a ring-like center which forms at least two bonds with the metal ion, thus allowing it to be excreted. They are used in the treatment of heavy metal poisoning as well as play a significant role in the manufacturing process of a wide range of industrial and household cleaning products. Some of these products include detergents, liquid washing soaps, surface cleaners, sprays, and granules. They are used in several other applications including scale removal, water treatment and corrosion control. Additionally, they are also used for deactivating metal ions to prevent plugging, sealing and precipitation.

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The surging demand from pulp and paper and the detergent and cleaning industries is currently driving the growth of the market. Moreover, the increasing need for chelating agents in industrial cleaning and household applications is further driving the market globally. For instance, aminopolycarboxylic acid (APCA) is employed for the removal of metal oxides, salts and hard water scale from fabrics. In addition to this, the growing requirement of alternatives to non-biodegradable organic compounds and rapid urbanization and industrialization coupled with the increasing consciousness about hygiene and cleanliness are further catalyzing the growth of the market globally.

Market Segmentation:

Breakup by Type

• Aminopolycarboxylic Acid (APCA)
• Sodium Gluconate
• Organophosphonate
• Others

Breakup by Application

• Pulp and Paper
• Household and Industrial Cleaning
• Water Treatment
• Agrochemicals
• Personal Care
• Others

Breakup by Region

• Asia Pacific
•  North America
•  Europe
•  Latin America
• Middle East and Africa

Competitive Landscape

The report has also examined the competitive landscape of global chelating agents market. Some of the major players in the market are AkzoNobel NA, Archer Daniels Midland Company, BASF, Kemira Oyj and DOW Chemical Company. 

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

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