Chelating Agents Market Size

Chelating Agents Market Size

Global Chelating Agents Market size will surpass USD 5 billion by 2024 gaining the market by a CAGR more than 3%. Increasing global awareness about using recycled paper products will also have a positive influence on the market in the upcoming years. Global paper & pulp industry registered more than USD 500 billion in 2015 and will have a decent growth in the forecast period.   

Increasing paper & pulp business is likely to be a principal driver for global chelating agents market in the forecast period. The industry will witness a notable growth on the account of the product’s extensive application in the manufacturing of paper & pulp products in order to meet the rising market demand. Paper-based flexible packaging materials demand in the packaging sector will witness growth owing to the developments in e-commerce and the increasing popularity of home delivery system of perishable goods, home appliances and other products.

Non-biodegradable petrochemical based products, such as EDTA, HEDP, and DTPA, pose considerable threats to the environment as well as it has been found to be toxic under laboratory circumstances, causing reproductive and developmental defects in animals. Inherent property of the chemical to mobilize heavy metals from solid phases may pose a threat to the groundwater. This factor may restrain the global chelating agents market growth in the coming years. However, developments of novel biodegradable products made from natural raw materials may create ample opportunities for the overall market.