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Type: PDF
Status: Syndicate
Categories: Advance Materials
Report Code : AM23
No. of Pages : 150
Chelating agents are widely used in various industries. These are broadly used in various industrial, agricultural and domestic applications. Aminopolycarboxylates, such as ethylenediaminetet-raacetic acid (EDTA) and diethylenetriaminepentaacetic acid (DTPA), are generally used chelating agents for various purposes. Chelating agents are chemical compounds which react with metal ions to form a stable, water-soluble compound.
The global chelating agents market in 2023 was approximately USD 6.9 Billion. The market is expected to grow at a CAGR of 4.3% and is anticipated to reach around USD 8.6 Billion by 2030.Increasing requirement for corrugated packaging along with the increasing e-commerce activities is predicted to drive the growth of the paper and pulp industry and hence, the demand for chelating agents. Since there is an increase in e-commerce activities in all regions, which leads to an increase in the use of packaging materials which propels the demand for chelating agents for the pulp and paper industry.
The increase in the demand for biodegradable chelating agents can be witnessed owing to the unique properties and eco-friendly nature. On the other hand, long period exposure to non-biodegradable chelating agents can cause harmful effects which are likely to hamper the market growth.
The market for chelating agents is intensely competitive and is highly fragmented. The vendors in the chelating agents market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product. Key players in the market are Arkema, BASF, DOMO Investment Group, DuPont, Evonik Industries and others.
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