Biodegradable Chelating Agents Market Size 2022 By COVID-19 Impact on Industry Share, Growth, Business Challenges, Opportunities and Forecast Report 2032: SPER Market Research
According to SPER Market Research, Biodegradable Chelating Agents Market is estimated to reach USD 8.61 billion by 2032 with a CAGR of 4.73%. Biodegradable materials called organic chelating agents are mostly used in washing and cleaning. The main sectors using these chemicals are detergents, homecare products, surface care, and laundry. Common chelating agents are not very biodegradable and have negative environmental effects. These have heavy metals in them, which are very bad for soil and water. As more people use these products personally, demand for biodegradable chelating agents rises. Furthermore, chelating is showing up increasingly frequently in cleaning products. It is a chemical that can prevent hard water from developing minerals.
They can also be referred to as chelators, chelates, or sequestering agents. The pulp and paper industry, as well as the cleaning and detergent industries, are expected to drive global demand for these compounds over the projected period. It is anticipated that increasing industrialization will stimulate the market in addition to strict government regulations for safe and freshwater for a variety of uses, including the usage of water treatment chemicals, among others. The increased demand for cleaning formulae such as disinfectants, all-purpose cleansers, and surface cleaners is anticipated to fuel the market.
Biodegradable Chelating Agents Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 4.73%
- Forecast Market Size (2032): 8.61 billion
The COVID-19 pandemic has had both positive and negative impacts on the global biodegradable chelating agents market. On the positive side, the pandemic has led to increased demand for cleaning products and disinfectants, as people and businesses seek to prevent the spread of the virus. Biodegradable chelating agents are often used in these products to help remove metals and other impurities from surfaces, making them more effective at killing germs. As a result, the demand for biodegradable chelating agents has increased in the cleaning and disinfectant product sectors. On the negative side, the pandemic has disrupted global supply chains and led to a decrease in demand for certain industrial products. This has had a negative impact on the biodegradable chelating agents market, as many of the industries that use these agents have experienced a decrease in production or shutdowns.
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the long-term impact of the pandemic on the global biodegradable chelating agents’ market is expected to be positive, as more companies and consumers become aware of the importance of sustainability and environmentally friendly products. This is likely to drive increased demand for biodegradable chelating agents in the future, as companies seek to adopt more sustainable practices in response to changing consumer preferences and government regulations.
Biodegradable Chelating Agents Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Product: Based on the Product, Global Biodegradable Chelating Agents Market is segmented as; Amino Polycarboxylates, Citric, Organophosphates, Sodium Gluconate, Others.
By Application: Based on the Application, Global Biodegradable Chelating Agents Market is segmented as; Agrochemical, Food & Beverages, Health Care, Pulp & paper, Water Treatment, Others)
By Region: This report also provide the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Biodegradable Chelating Agents Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ADM, Akzo Nobel, Ascend Performance Material, Ava Chemical Private Ltd, BASF SE, DOW Chemical, Hexion, Kemira, Mitsubishi, Nippon Shokubai, Nouryan, Shandong IRO Chelating Chemical, Tosh Corporation.
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