Research shows, the global chelating agent market to grow at a CAGR of 4.27% during the period 2016-2020.
Global Chelating Agents Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts.
The global market for chelating agents is growing due to the growth of the chemicals industry. Rapid industrialization has escalated the market for chelants in various end-user industries. Multiple development opportunities emerging from agrochemicals, textiles, household and industrial cleaners, paper and pulp, textiles, personal care, water treatment, and others are the major factors driving the growth of the overall market.
The emergence of silybin as a new iron chelating agent is a major trend gaining traction in this market. The compound acts as an iron chelator and has antioxidant properties. It also has radical scavenging abilities because of which it has been suggested as a chelator recently. Silybin is an hepatoprotectant, hypocholesterolemic, and cancer protective agent.
According to reports, the increased use of chelating agents in pulp and paper industry will be a major growth driver for this market. Chelating agents reduce the negative effect of heavy metals that affect the performance of bleaching agents during chemical and mechanical pulping processes. The paper and pulp industry consists of three different divisions - pulp processing, paper manufacturing, and paper recycling.
Furthermore, a report states that one challenge hampering the growth prospects for this market is the growing demand for bio-based chelating agents. APCAs, especially EDTA and DTPA, are widely used in several industrial, agricultural, and domestic applications. However, they are not biodegradable and persist in biological systems, affecting the environment. As a result, alternatives to conventional chelating agents such as STPP, phosphonates, EDTA, NTA, and DTPA that are environmentally friendly are being sought.