The global green chelating agents market is currently valued at USD 1,920 million and is expected to surpass USD 2,417 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global green chelating agents market, under its bio-chemicals and bio-materials portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like AkzoNobel, BASF, Dow Chemical, Kemira, and NIPPON SHOKUBAI.
According to Ajay Adikari, a lead analyst for bio-chemicals and bio-materials research at Technavio, “Growing environmental concerns is resulting in the formation of stringent regulations in many countries such as Sweden, the UK, France, Germany, Austria, Switzerland, and Italy to decrease their negative impact, and to encourage the use of eco-friendly alternatives.”
Scientific studies have enunciated the impact of non-biodegradable chelating agents such as EDTA and NTA on the environment. It has been concluded that EDTA leads to adverse effects such as the eutrophication of water bodies.
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Consolidated green chelating agents market
Acquisitions enable the vendors to maintain their dominant positions and limit price-based competition. The green chelating agents market is dominated by many conglomerates such as AkzoNobel, BASF, Dow Chemical, Kemira, and NIPPON SHOKUBAI, who are consolidating the industry. Due to their strong financial advantage over small- and medium-sized competitors, they are investing substantially in R&D and marketing.
Silybin emerging as a new iron chelating agent
Silybin is a hepatoprotectant, hypocholesterolemic, and cancer protective agent. The compound has also been used for treating disorders of the lungs, central nervous system, kidneys, skin, and pancreas. Further, the cytoprotective activity of silybin is facilitated by its radical scavenging and antioxidative properties. Silybin is currently studied for veterinary applications.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Green Chelating Agents Market 2017-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Specialty Chemicals Market 2016-2020
- Global Grain and Cereal Crop Protection Market 2016-2020
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