Escalating growth of the global paper & pulp industry will amplify chelating agents market share over the years ahead. Of late, a paradigm shift toward the usage of recycled paper for flexible packaging home appliances and other products has been observed, which will influence chelating agents industry size. The product demand is also likely to be stimulated owing to the rising e-commerce sector and the high adoption of home delivery for various goods. According to Global Market Insights, Inc., “Chelating agents market will exceed a revenue collection of USD 5 billion by 2024 with a significant growth rate of more than 3% over the coming years of 2016 to 2024.”
These agents find applications across the water treatment, consumer products, paper & pulp, agrochemicals, chemical processing, and household & industrial sectors. Chelating agents market size from paper & pulp applications was more than USD 1 billion in 2015 and will exhibit lucrative growth rate over the coming seven years. The product is prominently used in the paper & pulp sector for chemical pulping, bleaching, whitening, and descaling.
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Agrochemicals applications, having had a revenue of over USD 300 million in 2015, is projected to grow at an annual rate of more than 4% over the coming years of 2016 to 2024. The growing usage of the product to improve the performance of agrochemicals in hard water will boost chelating agents industry share considerably,
Chelating agents market comprises three products, namely sodium gluconate, aminopolycarboxylic acid, and organophosphates. Sodium gluconate covered more than 35% of the revenue share in the product segment and will record significant growth rate over the coming timeframe. The attributing factor toward the industry growth is the product’s growing popularity subject to its ecofriendly and chemically biodegradable characteristics.
Aminopolycarboxylic acid surpassed a revenue collection of USD 1.5 billion in 2015, and is anticipated to exhibit a CAGR of 3.5% over the coming seven years. The extensive use of this product to increase the affinity of metal ions will influence the industry growth noticeably.
Regionally, Europe chelating agents market generated a revenue of more than USD 850 million in 2015 and will register a CAGR of more than 3% over the coming years of 2016-2024. The growth can be attributed to the availability of a large number of paper and pulp firms.
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Asia Pacific chelating agents industry covered over 40% of the regional revenue share in 2015 and will exhibit an annual growth rate of around 4% over the years ahead. The surging product demand across well-established agrochemical and paper manufacturing sectors will impel APAC chelating agents market share. In addition to this, the regulatory norms regarding waste water treatment along with the availability of cost-effective labor will also augment the regional market size. India, China, and Japan will the prominent revenue contributors of APAC chelating agents market share.
The noteworthy players in chelating agents market are EMD Millipore, BASF SE, The Dow Chemical Company, Mitsubishi Rayon, Archer Daniels Midland (ADM) Company, AVA Chemicals, AkzoNobel, Shandong IRO Chelating Chemical Co., Ltd., Sigma-Aldrich, Cargill Inc., Nagase ChemteX Corporation, Tate & Lyle, Lanxess, Kemira Oyj, and Dabeer SA.
Browse key industry insights spread across 130 pages with 152 market data tables & 14 figures & charts from the report, “Chelating Agents Market Forecast, 2016 – 2024” in detail along with the table of contents:
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