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The biodegradable chelating agents market share is expected to increase by USD 357.93 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.46%.
This biodegradable chelating agents market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biodegradable chelating agents market segmentation by application (paper and pulp, industrial cleaners, agrochemicals, water treatment, and others) and geography (APAC, Europe, North America, MEA, and South America). The biodegradable chelating agents market report also offers information on several market vendors, including Ashland Global Holdings Inc., AVA Chemicals Pvt. Ltd., BASF SE, Dow Inc., Huntsman Corp., Kemira Oyj, LANXESS AG, New Alliance Dye Chem Pvt. Ltd., Nippon Shokubai Co. Ltd., and Nouryon Chemicals Holding BV among others.
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The stringent government regulations on the treatment of water effluents are notably driving the biodegradable chelating agents market growth, although factors such as the growing availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biodegradable chelating agents industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Biodegradable Chelating Agents Market Driver
One of the key factors driving the global biodegradable chelating agents market growth is the stringent government regulations on the treatment of water effluents. Due to the limited freshwater resources, the municipal and industrial wastewater treatment chemicals market is estimated to grow during the forecast period. The increasing population and rapid urbanization will drive the demand for large volumes of water during the upcoming years. The US Environmental Protection Agency (EPA) has implemented guidelines and regulations on the proper treatment of sewage water and wastewater effluents. EPA has implemented the Safe Drinking Water Act (SDWA), which ensures the quality of drinking water, and overseas that state, local and municipal water suppliers are adhering to the standards set by EPA through the SDWA Act. Such stringent laws to protect the environment and to keep the drinking water safe from toxicity will increase the use of biodegradable chelating agents, thereby positively impacting the market in focus during the forecast period.
Key Biodegradable Chelating Agents Market Trend
Increasing demand from the agrochemical segment is another key factor driving the global biodegradable chelating agents market growth. Factors such as rising population and food demand are expected to drive the growth in the agrochemical industry, which will support the growth in the global biodegradable chelating agents market during the forecast period. In addition, the economic development in emerging countries has contributed to the rise in the disposable income of its citizens and subsequently, resulted in new changes in lifestyle and elevated the consumption of high-quality foods. The demand for agrochemicals has also increased considerably due to the continuous loss of arable land. Biodegradable chelating agents are used by agrochemical manufacturers to formulate effective micronutrients for crops and enhance their uptake. Thus, the demand for biodegradable chelating agents in agricultural applications is expected to increase owing to its minimal environmental impact on soil fertility, which will drive the growth of the market in focus during the coming years.
Key Biodegradable Chelating Agents Market Challenge
One of the key challenges to the global biodegradable chelating agents market growth is the growing availability of substitutes. For instance, the paper and pulp industry is adopting bleaching agents such as chlorine-based, peroxide-based bleaching agents, sodium dithionate, and xylanase enzymes due to their residue-free action. Chemicals such as poly-aluminum chloride and alum are significantly used for water treatment activities due to their cost-effective nature, which will hamper the demand for biodegradable chelating agents. In addition, substitutes such as alum, aluminum sulfate, and iron salts are commonly used in many applications like wastewater treatment and paper sizing. Thus, the growing presence of substitutes in the market will significantly threaten the growth of the global biodegradable chelating agents market during the forecast period.
This biodegradable chelating agents market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global biodegradable chelating agents market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biodegradable chelating agents market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the biodegradable chelating agents market encompasses successful business strategies deployed by the key vendors. The biodegradable chelating agents market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The biodegradable chelating agents market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the biodegradable chelating agents market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global diversified chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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