Chelating Agents Market | 2020 Size, Growth, Share, And Industry Trends Forecast To 2027
The global chelating agents market size is projected to reach USD 6,396.9 million by 2027, exhibiting a CAGR of 4.4% during the forecast period. The development of biodegradable sequestering agents by leading players will brighten the outlook of this market.
Restraining Factor
Contracting Demand for Paper amid COVID-19 to Obstruct Market Growth
The chelating agents market growth is likely to face serious challenges in the immediate due to the coronavirus outbreak. The COVID-19 pandemic has forced governments to impose strict lockdown and social distancing measures to contain the spread of the virus. As a result, global supply chains have gotten disrupted and remote working and study from home models have drastically reduced the demand for stationery items, especially paper.
For example, according to a report by North Carolina State University, the shutdown of colleges and universities in the US has rapidly diminished the demand for copier paper and printing paper. Similarly, in India, an article in the Deccan Herald revealed that the nationwide lockdown has led to a 10-15% dip in the demand for paper and paperboard in the country. Chelators, mainly Diethylenetriamine pentaacetate (DTPA) and Ethylenediaminetetraacetic acid (EDTA), are widely used in the pulp and paper industry to facilitate the peroxide-based bleaching process and remove metal ions. The slowdown in the paper industry will, thus, have rippling effects on the sequestering agents market as well.
Regional Insights
Advancements in the Surfactants Industry to Accelerate the Asia Pacific Market
Asia Pacific is expected to lead the chelating agents market share during the forecast period owing to the promising technological advancements being made in the region’s surfactants industry. Competitors in this industry are developing liquid detergents with biodegradable compounds to cater to the widening awareness in India and China about the pollution caused by synthetic cleaning chemicals. In 2019, the Asia Pacific market size stood at USD 1,969.5 million.
A steady transition towards green economy models and strict regulations governing chemical manufacturing by the European Union (EU) will stimulate the market in Europe and generate vast opportunities. In North America, the market will be driven by the rising demand for chelating agents in oilfield applications.
Key Industry Developments:
November 2020: BASF’s Care Creations launched an eco-friendly, highly stable chelating agent called Neutrol MGDA for the personal care industry. The product is readily biodegradable and has an excellent toxicological profile and features superior capabilities in binding metal ions. Moreover, its high thermal stability allows it to be added at any step in the manufacturing of cosmetic products.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/chelating-agents-market-104716
The global chelating agents market size is projected to reach USD 6,396.9 million by 2027, exhibiting a CAGR of 4.4% during the forecast period. The development of biodegradable sequestering agents by leading players will brighten the outlook of this market.
Restraining Factor
Contracting Demand for Paper amid COVID-19 to Obstruct Market Growth
The chelating agents market growth is likely to face serious challenges in the immediate due to the coronavirus outbreak. The COVID-19 pandemic has forced governments to impose strict lockdown and social distancing measures to contain the spread of the virus. As a result, global supply chains have gotten disrupted and remote working and study from home models have drastically reduced the demand for stationery items, especially paper.
For example, according to a report by North Carolina State University, the shutdown of colleges and universities in the US has rapidly diminished the demand for copier paper and printing paper. Similarly, in India, an article in the Deccan Herald revealed that the nationwide lockdown has led to a 10-15% dip in the demand for paper and paperboard in the country. Chelators, mainly Diethylenetriamine pentaacetate (DTPA) and Ethylenediaminetetraacetic acid (EDTA), are widely used in the pulp and paper industry to facilitate the peroxide-based bleaching process and remove metal ions. The slowdown in the paper industry will, thus, have rippling effects on the sequestering agents market as well.
Regional Insights
Advancements in the Surfactants Industry to Accelerate the Asia Pacific Market
Asia Pacific is expected to lead the chelating agents market share during the forecast period owing to the promising technological advancements being made in the region’s surfactants industry. Competitors in this industry are developing liquid detergents with biodegradable compounds to cater to the widening awareness in India and China about the pollution caused by synthetic cleaning chemicals. In 2019, the Asia Pacific market size stood at USD 1,969.5 million.
A steady transition towards green economy models and strict regulations governing chemical manufacturing by the European Union (EU) will stimulate the market in Europe and generate vast opportunities. In North America, the market will be driven by the rising demand for chelating agents in oilfield applications.
Key Industry Developments:
November 2020: BASF’s Care Creations launched an eco-friendly, highly stable chelating agent called Neutrol MGDA for the personal care industry. The product is readily biodegradable and has an excellent toxicological profile and features superior capabilities in binding metal ions. Moreover, its high thermal stability allows it to be added at any step in the manufacturing of cosmetic products.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/chelating-agents-market-104716
Chelating Agents Market | 2020 Size, Growth, Share, And Industry Trends Forecast To 2027
The global chelating agents market size is projected to reach USD 6,396.9 million by 2027, exhibiting a CAGR of 4.4% during the forecast period. The development of biodegradable sequestering agents by leading players will brighten the outlook of this market.
Restraining Factor
Contracting Demand for Paper amid COVID-19 to Obstruct Market Growth
The chelating agents market growth is likely to face serious challenges in the immediate due to the coronavirus outbreak. The COVID-19 pandemic has forced governments to impose strict lockdown and social distancing measures to contain the spread of the virus. As a result, global supply chains have gotten disrupted and remote working and study from home models have drastically reduced the demand for stationery items, especially paper.
For example, according to a report by North Carolina State University, the shutdown of colleges and universities in the US has rapidly diminished the demand for copier paper and printing paper. Similarly, in India, an article in the Deccan Herald revealed that the nationwide lockdown has led to a 10-15% dip in the demand for paper and paperboard in the country. Chelators, mainly Diethylenetriamine pentaacetate (DTPA) and Ethylenediaminetetraacetic acid (EDTA), are widely used in the pulp and paper industry to facilitate the peroxide-based bleaching process and remove metal ions. The slowdown in the paper industry will, thus, have rippling effects on the sequestering agents market as well.
Regional Insights
Advancements in the Surfactants Industry to Accelerate the Asia Pacific Market
Asia Pacific is expected to lead the chelating agents market share during the forecast period owing to the promising technological advancements being made in the region’s surfactants industry. Competitors in this industry are developing liquid detergents with biodegradable compounds to cater to the widening awareness in India and China about the pollution caused by synthetic cleaning chemicals. In 2019, the Asia Pacific market size stood at USD 1,969.5 million.
A steady transition towards green economy models and strict regulations governing chemical manufacturing by the European Union (EU) will stimulate the market in Europe and generate vast opportunities. In North America, the market will be driven by the rising demand for chelating agents in oilfield applications.
Key Industry Developments:
November 2020: BASF’s Care Creations launched an eco-friendly, highly stable chelating agent called Neutrol MGDA for the personal care industry. The product is readily biodegradable and has an excellent toxicological profile and features superior capabilities in binding metal ions. Moreover, its high thermal stability allows it to be added at any step in the manufacturing of cosmetic products.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/chelating-agents-market-104716
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