Chelating Agents Market 2022 | Growing Demand in Cleaning Products | Exclusive Research by Precision Business Insights

According to Precision Business Insights (PBI), the latest report, the chelating agents market is expected to be valued at USD 7,234.4 million in 2022 and is poised to grow at a significant CAGR of 4.5% over 2022-2028. The primary drivers of the expansion of the global chelating agents market include growing applications in various industries, demand for cleaning products, increasing demand for water treatment, increasing demand for the cosmetic industry, and the growing supply of green chelating agents.

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Cleaning Industry to Dominate the Chelating agents Market:
Based on application, the global chelating agents market can be segmented into pulp & paper, cleaning, water treatment, agrochemicals, chemical processing, personal care, and others. Among them, the cleaning products segment is expected to account for a larger revenue share in the global chelating agents market, with a value share worldwide. The chelating agents are used in both household and industrial sanitation. It improves the cleaning capacity and efficiency of cleaning products such as detergents. Hence, it will dominate the global market share of the chelating agents market in terms of applications.

Asia Pacific Chelating Agents Market:
The Asia Pacific market is expected to increase in the global chelating agents market over the forecast period. The Asia Pacific market is expanding as a result of the huge population, industrialization, and urbanization. North America held considerable market share during the estimated period owing to oilfield applications and the growing cleaning industry. Also, the growing demand for water treatments, and surfactants will drive the market growth in this region further in the upcoming years.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global chelating agents market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Oct 2021, Layn Natural Ingredients Introduced Clean-Label Preservation and Plant-Based EDTA Replacement.

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The chelating agents market is segmented based on product type, application, and geography.
Based on the product type, the market is segmented into the following:
• Sodium gluconate
• Organophosphonates
• EDTA, DTPA, & HEDTA
• Glucoheptonates
• Nitrilotriacetic Acid
• Others

Based on the application, the market is segmented into the following:
• Pulp & Paper
• Cleaning
• Water Treatment
• Agrochemicals
• Chemical processing
• Personal Care
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the chelating agents market report are BASF SE, DowDuPont, Kemira, Mitsubishi Chemical Holdings Corporation, Hexion, MilliporeSigma, Nippon Shokubai, Nouryon, Lanxess AG, Mitsubishi Chemical Corporation, Merk KGaA, Zhonglan industry, Archer Daniels, Centro Chino, and Tosoh Corporation.

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