Transparency Market Research has published a new report titled “Chelating Agents (APCA, Sodium Gluconate, Organophosphates and Others) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” to its report database.
Albany,New York (PRWEB) September 29, 2014
The Chelating Agents Market was valued at $3.59 billion in 2012, and is further expected to reach $4.48 billion in 2019. The market is observed to grow at a CAGR of 3.2% from 2013 to 2019. The global demand for chelating agents was 970.0 kilo tons in 2012 (in terms of volume).
- Chelating Agents – Summary
Chelating agents are an extensive, but critical subject in the chemical industry. They are high performance chemical substances that are used to protect the toxic effects of metal ions in a chemical reaction through the process of metal-ion compositions. The demand for chelating agents is high from various cleaning, detergent, pulp and paper, as well as other chemical and agrochemical processing industrial areas. They are an everyday part of a wide range of applications in each of these industries.
Some of the majorly used chelating agents in the market are gluconates, APCAs, and organophosphonates across various industries. These agents are expected to drive the growth and demand for this market over the next few years. The consecutive paragraph below provides detailed analysis and forecast of this market by product segmentation.
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- Chelating Agents Market – By Product Segment Analysis
Of all the aforementioned three major chelating agents in the market, the APCAs’ were known to be the most prevalently consuming agents accounting for over 39% of the overall market share in 2012. APCA which is further divided into EDTA is extensively used to isolate metal ions in a chemical process. EDTA has high affinity to form metal-EDTA complexes. Nevertheless, the use of EDTA is limited due to the increasing concerns and ill-effects it brings to the environment. Hence, with the growing awareness regarding the use of such chemical agents, manufacturers now have a proclivity towards using better, safer, and less-reactive chemical agents such as sodium gluconates.
Owing to this aspect, the use of sodium gluconates is significantly rising in the market, and a similar trend is likely to continue in the forecast period 2013 – 2019. This chemical agent is anticipated to witness high growth in the next few years.
- Market by Regional Study
Considering the regional analysis of chelating agents market, Asia-Pacific was recorded as the largest consuming market for chelating agents. It was valued at $1,441.2 million in 2012. This growth was due to the presence of key manufacturers in emerging countries like China, in Asia-Pacific. This region is also expected to observe high growth in the forecast period due to an increasing utilization of chelating agents in various industrial applications including pulp & paper, and large-scale textile industries. In 2012, the global market for chelating agents observed the highest demand for different chelating agents from the pulp & paper industry. Such increasing industrial demands are particularly seen in India and China.
In addition, Europe surpasses Asia Pacific in terms of market growth and revenue. Chelating agents market is increasingly spreading in Europe through healthcare and pharmaceutical applications.
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- Future Prospects of Chelating Agents Market
A rising demand for chelating agents from various industrial areas is expected to drive the growth in this market over the next few years. Moreover, pacing industrialization along with government policies for fresh water using water treatment chemicals and clean air is projected to fuel the demand for chelating agents, globally.
Since the use of EDTA is curbed in industries, most of the chemical manufacturers are directed to new opportunities to develop innovative, cleaner, safer, and eco-friendly chelating agents such as gluconates and citric acid. Some of the future initiatives also include mitigation of health and environment issues, and retirement from highly concentrated nitrogen-based chemical exposures. A limitation on such chemical elements has in turn driven the demand for eco-friendly agrochemicals in the global market. The eco-friendly segment of chemical agents is expected to rise at a CAGR of 3.7% from 2013 to 2019.
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For the original version on PRWeb visit: http://www.prweb.com/releases/2014/10/prweb12206874.htm