New York City, NY, 03 April, 2020/ 24 Market Reports: It is estimated for the chelating agent market to reach USD 6.18 Billion by 2021, at a CAGR of 4.12% from 2016 to 2021. High-growth application areas such as pulp & paper, cleaners, water treatment and personal care and extensive new product launch and agreement & collaboration activities by companies are driving the market during the forecast period.
Aminopolycarboxylate, phosphates & phosphonates, and others (biodegradable chelating agents, N-(2-Hydroxyethyl) ethylenediaminetetraacetic acid (HEDTA) and zeolites) are the segmentation for the market based on type. Aminopolycarboxylates, synthetic chelating agent to lead the market during the forecast period based on type.
The chelating agent market is expected to witness substantial growth, due to the increasing demand for chelating agents in various applications, including cleaners, water treatment, pulp & paper, agrochemicals, personal care, pharmaceuticals. Pulp & paper is the largest application for chelating agents. The pulp & paper industry has significantly progressed with substantial demands for varieties of papers for writing, printing, and packaging. Chelating agents play a vital role in paper processing. They inhibit the reactions of unstable metal ions with bleaching agents in chemical and mechanical pulp production processes.
Asia Pacific region to lead the market during the forecast period. Followed by India, China is estimated to lead the market during the forecast period. India is the fastest-growing market for chelating agents and is expected to surpass China in the near future. Growth of the market is driven by the high economic growth rate and growing demand for applications such as cleaners, water treatment, pulp & paper, agrochemicals, personal care, pharmaceuticals, and others.