Pulp and Paper Segment Emerged as the Largest Market for the Global Chelating Agents Market in 2015 and Will Continue its Dominance Until 2020, Says Technavio
By Business Wire News
By Business Wire News
This research report titled ‘Global Chelating Agents Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
An important factor that is leading to the growth of the global chelating agents market is the increasing wastewater treatment activities worldwide. Rapid urbanization and industrial development led to the demand for water. But the limited availability of freshwater resources is increasing the regulations for water use and for the discharge of effluent water. Various physical processes such as osmosis, ultraviolet radiation, and chemicals such as peroxides and chlorine derivatives are widely employed for treating waste water.
One of Technavio’s lead analysts for research on additives, adhesives, and sealants, Chandrakumar Balada Jaganathan, says, “Many governments globally have realized the need for improving water quality and are implementing measures to reduce water contamination. They are providing funds and incentives to encourage organizations and households to invest in these chemicals.”
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Based on application, the report categorizes the global chelating agents market into the following segments: pulp and paper, household and industrial cleaning, water treatment, agrochemicals, and others. The top three segments are illustrated below:
- Pulp and paper
- Household and industrial cleaning
- Water treatment
Global chelating agents market in pulp and paper segment
The global chelating agents market in the pulp and paper segment was valued at USD 1.25 billion in 2015. It is foreseen to reach USD 1.54 billion in 2020, growing at a CAGR of 4.27%.
The pulp and paper segment is the largest consumer of chelating agents. The segment is likely to retain its market share throughout the forecast period. Chelating agents offer the following benefits to the pulp and paper industry:
- Control and removal of scales
- Increase the effectiveness of hydrosulfite and hydrogen peroxide bleaches
- Decrease bleaching costs
- Reduction in downtime
Global chelating agents market in household and industrial cleaning segment
The global chelating agents market in the household and industrial cleaning segment was valued at USD 763.6 million in 2015 and is anticipated to reach USD 981 million by 2020, growing at a CAGR of 5.14%.
“The industrial and household cleaning segment accounted for the second largest consumption share of chelating agents. The rising awareness about personal hygiene and health has increased the demand for biodegradable chelating agents. North America and Europe were the largest consumers of chelating agents in the segment during 2015,” says Chandrakumar.
Global chelating agents market in water treatment segment
Rapid industrialization in Brazil, China, and India is the major factor driving the demand for chelating agents in the water treatment segment. In addition, government regulations, awareness of the adverse effects of pollutants, and limited availability of water resources are also elevating the consumption of chelating agents in the water treatment segment.
The government mandates on purity standards of potable water are resulting in the replacement of cheaper commodity-type chemicals with value-added formulations that are more effective. The increased acceptance of these expensive formulations is expanding the market’s revenue.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Dow Chemicals
- Tate & Lyle
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