Chelating Agents Market to Reach 370,000 Metric Tons by 2010, According to New Report by Global Industry Analysts, Inc.
Global chelating agents market is projected to reach 370 thousand metric tons by 2010. Although demand for chelating agents has been severely constrained by market pressures, demand remains strong in various sectors and some of the new end-uses that offer growth potential including chelated micronutrients, and nuclear waste and heavy metal contamination cleanup.
San Jose, Calif. (PRWEB) July 12, 2007 - Major factors influencing demand for chelating agents include economic conditions, performance, cost, and environmental regulatory issues. Environmental regulations have been a major growth driver for chelating agents, particularly in the pulp and paper industry. Entry barriers to the market include high capital costs for building production facility and prevailing oligopolistic industry structure.
United States and Europe together control the majority share of the chelating agents market worldwide, with an estimated 77% share in 2007. Though chelating agents market in the United States is mature, environmental regulations represent a primary cause behind market upheaval. Prices of raw materials and energy costs have a significant effect on the profitability of chelating agents industry. Chelating agents market in Germany is estimated at 25 thousand metric tons for 2007. Asia-Pacific represents the most promising region, with demand for chelating agents projected to surpass 35 thousand metric tons by 2010.
While more than 70% of the global demand comes from conventional end-use industries such as household and industrial cleaning, waste water treatment, and paper & pulp processing industries, chelating agents also find increasing application in agriculture and medicine. Market for chelating agents in wastewater treatment sector is estimated at 60.1 thousand metric tons for 2007. Applications, comprising agriculture, textiles, photography, medicinal applications and other minor markets, represent the fastest growing end-use market at a CAGR of 3.6% over the 2001-2010 analysis period.
Amongst the chelating compounds, aminopolycarboxylic acids and salts are most extensively used. However, biodegradability concerns over aminopolycarboxylic acid chelating agents such as ethylenediaminetetraacetic acid and metal sedimentation in riverbeds has reduced the demand for EDTA. Substitute agents such as Ethylenediaminedisuccinate, nitrilotriacetic acid and gluconate chelating agents continue to offset the decline in EDTA demand. New chelator types such as citric acid and biodegradable/environment friendly chelators are also finding increasing acceptance in conventional consumption industries. Gluconates are increasingly being used in industrial cleaners instead of phosphates. This is due to consumer perception of gluconates as a "natural" derivative and their superior biodegradability
Major players dominating the market include Akzo Nobel, BASF Corporation, Dow Chemical Company, Lanxess AG, and Mitsubishi Rayon Company.
The report titled 'Chelating Agents: A Global Strategic Business Report' offers comprehensive insight into the economic fundamentals of the industry, market drivers, challenges, and trends, in addition to outlining the changing competitive landscape. The report also provides a historic review of the market for the period 1991-2000. The report also recapitulates trends in the recent past, and enumerates recent developments, mergers, acquisitions, and other strategic industry activities. The report analyzes major and emerging regional markets including United States, Japan, Germany, Italy, the UK, and Asia-Pacific.
For more details of this research report please visit www.strategyr.com/MCP-2036.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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