Global industrialization has been the major cause of development for industries that support the growth of chelating agents. Research activities leading to the development of new products and technology sustain industrial expansion. Strong demand for chelating agents from pulp & paper, agrochemical, and cleansers is responsible for the growth of this industry since the past few years. Current market trends are witnessing an upsurge in the demand for biodegradable chelating agents, thereby displaying a brighter opportunity for a profitable and yet environment-friendly option.
The market for chelating agents is projected to grow at a CAGR of 3.6% from 2014 to 2019. In 2013, the Asia-Pacific region was the largest chelating agents market with more than 40% of the share, wherein China dominated this market. The key market players are AkzoNobel N.V. (The Netherlands), BASF SE (Germany), The Dow Chemical Company (U.S.), Archer Daniels Midland Company (U.S.), and Cargill, Incorporated (U.S.). Other prominent companies in the market include Lanxess AG (Germany), EMD Millipore (U.S.), Kemira Oyj (Finland), Mitsubishi Rayon Co., Ltd. (Japan), and Tate & Lyle PLC (U.K.). These players opt for agreements, expansions, and investments to expand their presence and maintain their position in the market.