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International News: Global Chelating Agents Market to Cross US$ 6 Billion by 2023 #18386
Posted by: imarcgroup
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The global chelating agents market has been witnessing a positive growth over the past few years. This can be attributed to rapid urbanisation and industrialisation, technological advancements, strict government policies and thriving end-use industries.

Chelating agents or chelators, are chemical compounds that form a water-soluble and stable complex by reacting with me tal ions. These agents are eco-friendly and cost-effective in nature due to which they find numerous applications across various sectors. Chelating agents are used for rearranging chemical composition and improving general stability of a me tal to bond with other substances. Apart from this, they help in decreasing the toxic effects which are produced by me tals and in controlling heavy me tal poisoning in the human body. A new research report by IMARC Group, ti tled “Chelating Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 5 Billion in 2017. The report further anticipates the market to cross US$ 6 Billion by 2023, at a projected CAGR of nearly 4% over the forecast period.

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Global Chelating Agents Market Drivers/Constraints:

Chelating agents are being increasingly used in the pulp and paper industry for various purposes such as decreasing brightness reversion, mechanical pulp bleaching and chemical pulping. This is one of the major factors which is driving the market growth.

The growth opportunities for chelating agents have been expanding over the past few years on account of rapid urbanisation and industrialisation due to which governments of various nations have implemented stringent regulations and policies for the provision of fresh and clean water.

Increasing disposable incomes, continuous product innovations, as well as advancements in technologies are some of the other factors which are indirectly propelling the growth of the market.
There has been an increase in the usage of nonbiodegradable chelating agents including EDTA.

This acts as a major hindrance which has been impeding the growth of the global chelating agents market.


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