Chelating Agents Market Worth $5.17 Billion By 2024: Grand View Research, Inc.

February 26 16:34 2019

Grand View Research, Inc. – Market Research And Consulting
According to report published by Grand View Research, Increasing requirement for chelating agents in cleaners & detergents to boost the performance of the finished product is expected to drive the growth. Household & industrial cleaning is anticipated to account for 25.4% of the volume by 2024.

According to a report, “Chelating Agents Market Analysis By Product (Sodium Gluconate, Aminopolycarboxylate, Organphosphonates), By Application (Pulp & Paper, Household &Industrial Cleaning, Agrochemicals, Water Treatment, Chemical Processing, Consumer Products, Pharmaceutical) And Segment Forecasts To 2024” , published by Grand View Research, Inc., The global chelating agents market is expected to reach USD 5.17 billion by 2024 Increasing demand for cleaners & detergents in the household and industrial applications on account of rising consumer awareness regarding hygiene and extending the lifespan of equipment by keeping it clean is expected to bolster demand.  Household & industrial cleaning is anticipated to account for 25.4% of the volume by 2024. Increasing requirement for chelating agents in cleaners & detergents to boost the performance of the finished product is expected to drive growth. 

Key Takeaways from the report: 

  • Global chelating agents size was 1,026.0 kilo tons in 2015 and is expected to reach 1,348.4 kilo tons by 2024, growing at a CAGR of 3.1% from 2016 to 2024

  • Agrochemicals are projected to witness gains at a CAGR of 3.6% from 2016 to 2024, on account of increasing agriculture practices. Chelating agents are used as pesticides and insecticides to promote plant growth. Introduction and implementation of Integrated Nutrient Management (INM) and Integrated Pest Management (IPM)practices to increase crop yield by governments across the globe is expected to boost market demand.

  • Pharmaceutical is anticipated to be a potential market for chelating agents over the forecast period on account of increasing government spending on providing primary healthcare facilities to its citizens. Pharmaceuticals market is estimated to be valued at USD 114.6 million by 2024.

  • Asia Pacific was the largest market and accounted for 38.5% of the global revenue in 2015. The region is expected to witness significant growth over the forecast period on account of growing demand from the detergent industry in emerging economies such as China and India. This factor has resulted in increasing production volumes of various manufacturers of chelating agents.

  • North America was the second largest market and was worth USD 1.10 billion in 2015. Strict environmental regulations have influenced manufacturers to shift from conventional chelating agents towards bio-degradable agents. Europe followed North America and accounted for 21.8% of the global revenue in 2015.

  • Key market participants include The Dow Chemical Company, Tate & Lyle, Kemira Oyj, AkzoNobel N.V., Archer Daniel Midland, Lanxess AG and Cargill Incorporated. In September 2015, ChemPoint EMEA B.V, a company engaged in sales marketing and distribution of specialty chemicals announced that it was expanding its marketing and distribution relationship with The Dow Chemical Company by providing formulation, sales and order fulfillment support for the company’s VERSENE which is food grade chelating agent and used in food applications.

North America chelating agents market volume, by application, 2013 – 2024 (Kilo Tons)

North America chelating agents market volume, by application, 2013 - 2024 (Kilo Tons)

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Household & industrial cleaning is anticipated to account for 25.4% of the volume by 2024. Increasing demand for cleaners & detergents in the household and industrial applications on account of rising consumer awareness regarding hygiene and extending the lifespan of equipment by keeping it clean is expected to bolster demand. 

Grand View Research has segmented the global chelating agents market on the basis of product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Sodium gluconate

  • Organphosphonates

  • Aminopolycarboxylate

  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Pulp & paper

  • Household & industrial cleaning

  • Agrochemicals

  • Water treatment

  • Chemical processing

  • Consumer products

  • Pharmaceuticals

  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Spain

    • Germany

    • France

    • UK

    • Netherlands

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • Rest of Asia Pacific

  • Latin America

    • Brazil

  • MEA

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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