Chelating Agent Market Worth 6.18 Billion USD by 2021
PUNE, India, April 27, 2016 /PRNewswire/ --
The report "Chelating Agent Market by Type (Aminopolycarboxylate, Phosphates & Phosphonates), by End-use Industry (Pulp & Paper, Water treatment, Cleaning, Agrochemicals, Personal care, Pharmaceutical, Food & Beverages) & by Region - Global Forecast to 2021", published by MarketsandMarkets.com, The market is projected to reach USD 6.18 Billion by 2021, at a CAGR of 4.12% during the forecast period.
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Browse 70 market data Tables and 39 Figures spread through 153 Pages and in-depth TOC on "Chelating Agent Market"
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Aminopolycarboxylate: The largest segment by type of the chelating agent market
Aminopolycarboxylate is used in household and industrial cleaning applications for removal of hard water scale, metal oxides and salts from fabrics to improve shelf life of end products and process efficiency and to reduce maintenance cost. Aminopolycarboxylates include chemicals such as EDTA, NTA, DTPA, and PDTA, among others and are the most widely used categories of chelating agents.
Pulp & paper: The largest end-use industry for chelating agent market
Pulp & paper is the largest end-use industry for chelating agents, which accounted for the highest market share, in terms of value, in 2015. Chelating agents play a major role in the pulp processing and paper production processes. They offer benefits such as enhanced effectiveness of hydrogen peroxide and hydrosulfite bleaches, lower bleaching costs, control and removal of scales, and reduction in costly downtime.
Asia-Pacific: The largest and fastest-growing market for chelating agent
Asia-Pacific is the largest market for Chelating Agent Market, with major developments witnessed in China, Japan, India, South Korea, and Indonesia among others. The region is also projected to be the fastest-growing chelating agents market. This high growth can be attributed to factors such as expansion of production capacity and competitive manufacturing costs. The rising disposable income of the middle class and the increasing demand for processed food, clean and treated water, and continuous urbanization are key drivers of the chelating agents market in Asia-Pacific.
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Major players, such as AkzoNobel N.V. (Netherlands), Dow Chemical Company (U.S.), BASF SE (Germany), Archer Daniel Midland (U.S.), Kemira Oyj (Finland), Cargill Incorporated (U.S.), Lanxess AG (Germany), and Tate & Lyle (UK), have adopted development strategies such as expansions, agreements, and new product developments to achieve growth in the global chelating agents market.
This report covers the chelating agents market, in terms of value and volume, and forecasts the market size till 2021. It segments the market by type, end-use industry, and region. It also provides company profiles and details the competitive strategies adopted by major players in the global chelating agents market.
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