Chelating Agents Market Size, Share, Growth, Forecasts and Analysis To 2020: Grand View Research, Inc.
Chelating agents market is expected to witness growth on account of gaining importance of providing stability of ion complex in pulp&paper, textiles and detergents industries. Growing chemical industry in emerging markets of China and India on account of low manufacturing cost coupled with application growth is expected to have a positive impact on chelating agents market in the near future. Development of biodegradable chelating agents for agriculture and water treatment applications is likely to open new market avenues over the forecast period.
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The government of India released Draft National Chemical Policy in 2012, aiming to increase domestic chemical production output and elevate the country’s share in global chemical industry from 3% in 2013 to 6% by 2020. This governmental move is expected to open new market avenues for companies operating in the manufacturing of chemical products such as chelating agents. Technological advancement in hydraulic fracturing has resulted in increased availability of unconventional sources such as shale gas and tight oil, which is expected to ensure availability of organic compounds meant for the production of chelating agents.
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Key market participants include BASF SE, Dow Chemical Company, Lanxess AG, AkzoNobel N.V. and ADM. In January 2014, German company BASF announced plans to build a new plant for its product Trilon M (methylglycinediacetic acid) located in Theodore, Alabama. The investment was worth USD 90 million and is expected to commence its production by the second half of 2015. As of 2014, BASF manufactured chelating agents at Ludwigshafen (Germany), Lima (Peru), Ohio (US), and in Guaratinguetá (Brazil). The company’s chelating agents are approved by EPA and Design for the Environment (DfE) certification program in 2011.
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