Increasing use of chelating agents in the pulp & paper industry is estimated to drive the market growth
Market Size – USD 5.07 billion in 2018, Market Growth - CAGR of 4.4%, Market Trends – Growing demand for chelating agents in water treatment
NEW YORK, April 11, 2019 (GLOBE NEWSWIRE) -- The global chelating agents market is expected to reach USD 7.20 Billion by 2026, according to a new report by Reports and Data. Chelating agents are substances that react with metal ions to form stable, water-soluble compounds called chelates. Thus, their physical and chemical behavior changes, like their reaction properties and solubility.
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Chelating agents are extensively used in bleaching wood pulp and recycling fibers in pulp processing and paper production industries. With the emergence of e-commerce sector, there is a rapid increase in the demand for paper packaging, which in turn would stimulate the market demand. Further, chelating agents are used in household, institutional, and industrial cleaning applications for removing the deposits of metal oxides, salts, and hard water. The growth of urbanization and industrialization along with an increase in awareness about hygiene and cleanliness are causative to the market growth.
Chelating agents are the most effective means of treatment of heavy metal poisoning. Chelating agents have been found to reduce arsenic poisoning in small animals. These agents bind to arsenic molecules and prevents them from bonding with other molecules and enzymes within the animal/human body. At the same time upon interaction with chelating agents, arsenic is converted into a water-soluble form, which can be removed from the body through excretion.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global chelating agents market on the basis of product type, disposability, application, end-user industry, and region:
Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Disposability Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
End-User Industry Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
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