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Biodegradable Chelating Agents Market Size and Share, Revenue, Growth Drivers, Upcoming Trends, Demand, Challenges, Future Strategy and Competitive Analysis 2032: SPER Market Research

Biodegradable compounds called chelating agents are frequently used in laundry and cleaning. These chemicals are mostly used in the laundry, surface care, detergent, and homecare product industries. Common chelating compounds are not biodegradable and have detrimental impacts on the environment. These are particularly harmful to soil and water because they contain heavy metals. The increasing number of people using these products for personal use is driving up demand for biodegradable chelating agents. Additionally, chelating is showing up increasingly frequently in cleaning products.

According to SPER market research, ‘Biodegradable Chelating Agents Market Size- By Product, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Biodegradable Chelating Agents Market is predicted to reach USD 8.61 billion by 2032 with a CAGR of 4.73%.

Global Biodegradable Chelating Agents Market Driving Factors:

The market for biodegradable chelating agents is expected to increase due to strict government rules governing water effluent treatment. This is because there are limited freshwater resources, which is driving up the need for chemicals used in municipal and industrial wastewater treatment. The demand for water is further increased by urbanisation and population growth. To guarantee water quality, the US Environmental Protection Agency (EPA) implements regulations such as the Safe Drinking Water Act (SDWA). The market is positively impacted by these laws, which increase the usage of biodegradable chelating agents for water treatment. Furthermore, market expansion is driven by the agrochemical sector’s expanding demand, which is fueled by population increase and the need for food. The demand for agrochemicals has increased as a result of rising disposable income, changing lifestyles, and an increase in the consumption of high-quality food in emerging economies. When preparing micronutrients for crops, biodegradable chelating agents are essential for increasing absorption and reducing environmental impact on soil fertility, thus driving market.

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Global Biodegradable Chelating Agents Market Challenges:

The increased availability of replacements is one of the main obstacles to the expansion of the global market for biodegradable chelating agents. For example, because of their residue-free action, bleaching chemicals such xylanase enzymes, sodium dithionate, and bleaching agents based on peroxide and chlorine are being used by the paper and pulp sector. Due to their low cost, chemicals like alum and poly-aluminum chloride are widely utilised in water treatment processes, which will reduce the need for biodegradable chelating agents. Furthermore, alternatives like iron salts, alum, and aluminium sulphate are frequently utilised in a variety of applications, including paper sizing and wastewater treatment. Therefore, throughout the forecast period, the increased availability of replacements in the market would pose a serious threat to the expansion of the global biodegradable chelating agents market.

COVID Impact: The COVID-19 pandemic in 2020 had a detrimental effect on the chemical sector in a number of nations, including China, Japan, and India. The global economic recession and unfavourable market circumstances across the board led to a decline in biodegradable chelating agent production and exports from Japan. In 2020, there was a decline in the demand for and exports of chemicals, especially biodegradable chelating agents. However, the number of COVID-19 cases in the area decreased in H2 2020 as a result of the vaccine’s accessibility. As a result, during the projected time, the economies of nations like China, India, and Japan are anticipated to gradually rebound.

In 2018, Asia Pacific accounted for a significant portion of the global market for biodegradable chelating agents, both in terms of volume and value. It is anticipated that this tendency will hold throughout the projection period.

Additionally, some of the market key players are ADM, Akzo Nobel, Ascend Performance Material, Shandong IRO Chelating Chemical, Tosh Corporation, Others.

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Biodegradable Chelating Agents Market Demand

Middle East and Africa Recycled Paper Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Biodegradable Chelating Agents Market Trends 2023- Global Industry Share, Revenue, Growth, Future Opportunities and Forecast till 2022-2032: SPER Market Research

A chemical substance that combines with metal ions to form stable, water-soluble metal complexes is referred to as a chelating agent. The agent rearranges the chemical composition of the metal, improving its overall stability and capacity to form bonds with other materials. Chelation compounds find use in medical, water treatment, corrosion control, movement of nutrients in plants and aid in the process of digestion in both humans and animals. Other names for chelating agents include chelates, chelators, and sequestering agents. The molecules of a chelating agent form many connections with a metal ion, preventing the metal from reacting as it typically would. Many metals have chemical structures that are quite similar to chains. Chelators join the ends of these structures that resemble chains to form a sturdy ring that can move across many environments with ease.

According to SPER market research, ‘Biodegradable Chelating Agents Market Size- By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Global Biodegradable Chelating Agents Market is predicted to reach USD 8.61 billion by 2032 with a CAGR of 4.73%.

The Natural Chelating Agents Market is booming due to a confluence of factors including consumer preference for sustainability, regulatory pressures, and environmental concerns. More regulations are being placed on traditional, environmentally damaging chelating agents, making scope for their biodegradable substitutes. Customers actively seek out greener products because they are increasingly conscious of the ecological impact of their decisions. Technological developments have increased the appealing qualities of these agents by making them not only extremely effective and efficient but also environmentally friendly. Moreover, with the growing demand from developing nations, where these sustainable options find a fertile ground as a result of fast industrialization and urbanization is also contributing to the growth of these agents in the market.

The market for biodegradable chelating agents is facing obstacles that could prevent it from growing, despite its encouraging expansion. Their substantial price difference from conventional alternatives makes them less appealing to consumers and industries on a tight budget. Wider acceptance is further hampered by low market penetration and production capacity. Additionally, there is still a lack of knowledge about these environmentally friendly medicines, which limits their potential as a long-term fix. The fact that they are not as effective as their non-biodegradable counterparts in some applications could possibly be a factor due to technical constraints. Finally, there is still fierce competition from well-known, less expensive non-biodegradable products. Collectively all these factors are posing challenges and restraint the market growth of biodegradable chelating agents.

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Due to lower paper production, the COVID-19 pandemic severely damaged the pulp and paper industry, which in turn slowed down demand for sequestering agents. Office paper demand decreased as a result of lockdowns, and supply chain interruptions increased the pressure. Nonetheless, a rise in cleaning product sales, caused by hygiene concerns, in turn increased the use of biodegradable sequestering agents like MGDA and GLDA in these formulations. Post pandemic due to hygiene concerns conventional paper-processing techniques can be modified which can increase demand of these agents in the projected time period.

Biodegradable Chelating Agents Market Key Players:

Throughout the course of the projection period, Asia Pacific is expected to continue to hold the dominant position in the chelating agents market share. The region’s population expansion, urbanization, and industrialization are the main factors driving the market. Among the leading companies in the market are Hexion, Nouryon, NIPPON SHOKUBAI CO., LTD., Dow, AkzoNobel N.V., BASF SE, Mitsubishi Chemical Corporation, and many others.

Green Chelating Agent Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. 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

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.