Overview of the global green chelating agents market
The global green chelating agents market is anticipated to grow at a steady rate and post a CAGR of close to 6% during the forecast period. The use of green chelates as a natural agricultural nutrient will drive the growth prospects for the global green chelating agents market in the forthcoming years. The growing use of agrochemicals due to the economic development witnessed in emerging countries such as Brazil, Russia, India, and China, increasing disposable income of its citizens, and changes in the standard of living, will drive the growth in demand for green chelating agents. In addition, a large number of agrochemical manufacturers are increasingly adopting green chelating agents to produce high-quality food items, formulating effective micronutrients for crops, and enhancing their uptake. Additionally, to address the environmental issues and their impacts the coming years will also witness an increased demand for eco-friendly chelating agents from the agrochemicals industry, which will consequently drive market growth.
In terms of geography, Europe accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years as well. Some of the major factors responsible for the market’s growth in the region is the increasing consumer awareness and stringent water resource protection laws. Moreover, as the maturity of the market for conventional chelating agents such as ethylenediaminetetraacetic acid tetrasodium salt (EDTA), will also drive the growth of the market for green chelating agents in this region.
Competitive landscape and key vendors
The global green chelating agents market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Some of the major factors that influence the competitive environment of the market are product performance and quality, price, product availability, security of supply, and customer service. Furthermore, these vendors increasingly compete against each other based on factors such as price, innovation, quality and performance, and customer-centrism.
Key vendors in this market are -
- AkzoNobel
- BASF
- Dow Chemical
- Kemira
- NIPPON SHOKUBAI
Other prominent vendors in the market include Anil Bioplus, Innospec, and Jungbunzlauer Suisse.
Segmentation by type and analysis of the green chelating agents market
- Sodium gluconate
- EDDS, GLDA, IDS, and MGDA
- Glucoheptonate
The sodium gluconate accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Since sodium gluconate is non-toxic, non-irritating, non-sensitizing, and can form stable chelates with calcium, iron, copper, aluminum, and many other heavy metal ions, it has become the most preferred element in manufacturing green chelating agents.
Segmentation by application and analysis of the green chelating agents market
- Household and industrial cleaning
- Water treatment
- Agriculture
The household and industrial cleaning sector accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years as well. Some of the major factors responsible for the growing preference for green chelating agents in detergent products is the increasing cleaning power of these detergents and reduction in the cost of production.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global green chelating agents market?
- What are the key market trends impacting the growth of the global green chelating agents market?
- What are the challenges to market growth?
- Who are the key vendors in the global green chelating agents market?
- What are the market opportunities and threats faced by the vendors in the global green chelating agents market?
- What are the trending factors influencing the market shares of Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global green chelating agents market?
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