Key Market Driver and Challenge
The biodegradable chelating agents market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market is driven by stringent government regulations on the treatment of water effluents. The increasing population and rapid urbanization will drive the demand for large volumes of water during the upcoming years. The US Environmental Protection Agency (EPA) has implemented guidelines and regulations on the proper treatment of sewage water and wastewater effluents. For instance, EPA has implemented the Safe Drinking Water Act (SDWA), which ensures the quality of drinking water, and overseas that state, local and municipal water suppliers are adhering to the standards set by EPA through the SDWA Act.
Growing availability of substitutes is one of the key factors likely to hinder the market's growth during the forecast period. Chemicals such as poly-aluminum chloride and alum are significantly used for water treatment activities due to their cost-effective nature, which will hamper the demand for biodegradable chelating agents.In addition, substitutes such as alum, aluminum sulfate, and iron salts are commonly used in many applications like wastewater treatment and paper sizing.
Get Driver and Trends Analysis Right Here as you View Report Outlook
Key Segment Highlights
The Biodegradable Chelating Agents Market is segmented by Application (Paper and pulp, Industrial cleaners, Agrochemicals, Water treatment, and Others) and Geography (APAC, Europe, North America, MEA, and South America). The paper and pulp application segment held the largest biodegradable chelating agents market share in 2020. The segment is likely to contribute highest growth during the forecast period mainly as they offer certain benefits like efficient control and removal of scales, decreased bleaching costs, and reduction in the downtime due to which it is significantly used in the paper and pulp industry. Biodegradable chelating agents are also used in bleaching wood pulp, recycled fibers, and other cellulose-based materials, which will drive the market during the forecast period. In terms of geography, APAC was the largest revenue-generating regional segment of the market. The growth in infrastructural investment, urbanization, and consumer spending is positively influencing the chemical industry in APAC. The growth of this regional segment can be attriuted to an increase in wastewater treatment activities and rise in the use of detergents and cleaners.
Want to know more about the key contributing segments, Download Sample Now!
Key Market Scope
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters
Biodegradable Chelating Agents Market Sizing
Biodegradable Chelating Agents Market Forecast
Biodegradable Chelating Agents Market Analysis
Vendor Landscape
The biodegradable chelating agents market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. In December 2021, BASF SE announced a partnership with Jhon Deere to help European farmers optimize crop production and reduce environmental impacts that season.
Companies Mentioned
- Ashland Global Holdings Inc.
- AVA Chemicals Pvt. Ltd.
- BASF SE
- Dow Inc.
- Huntsman Corp.
- Kemira Oyj
- LANXESS AG
- New Alliance Dye Chem Pvt. Ltd.
- Nippon Shokubai Co. Ltd.
- Nouryon Chemicals Holding BV
Get Personalized Report with latest strategic initiatives from market vendors by Speaking to our Analysts
Related Reports:
Fragrances Market by Type and Geography - Forecast and Analysis 2022-2026
Polyvinyl Alcohol Films Market by Type and Geography - Forecast and Analysis 2021-2025
Biodegradable Chelating Agents Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.46% |
Market growth 2021-2025 |
$ 357.93 million |
Market structure |
Fragmented |
YoY growth (%) |
3.40 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 40% |
Key consumer countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Ashland Global Holdings Inc., AVA Chemicals Pvt. Ltd., BASF SE, Dow Inc., Huntsman Corp., Kemira Oyj, LANXESS AG, New Alliance Dye Chem Pvt. Ltd., Nippon Shokubai Co. Ltd., and Nouryon Chemicals Holding BV |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article