NEW YORK, Feb. 11, 2022 /PRNewswire/ — The biodegradable chelating agents market size potential growth will be USD 357.93 million at 4.46% from 2020 to 2025, according to the latest market analysis report from Technavio. The report also identifies that 40% of the growth will originate from APAC. China and Japan will emerge as the key revenue-generating economies for biodegradable chelating agents market in the region.
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Key Market Driver and Challenge
The biodegradable chelating agents market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market is driven by stringent government regulations on the treatment of water effluents. The increasing population and rapid urbanization will drive the demand for large volumes of water during the upcoming years. The US Environmental Protection Agency (EPA) has implemented guidelines and regulations on the proper treatment of sewage water and wastewater effluents. For instance, EPA has implemented the Safe Drinking Water Act (SDWA), which ensures the quality of drinking water, and overseas that state, local and municipal water suppliers are adhering to the standards set by EPA through the SDWA Act.
Growing availability of substitutes is one of the key factors likely to hinder the market’s growth during the forecast period. Chemicals such as poly-aluminum chloride and alum are significantly used for water treatment activities due to their cost-effective nature, which will hamper the demand for biodegradable chelating agents.In addition, substitutes such as alum, aluminum sulfate, and iron salts are commonly used in many applications like wastewater treatment and paper sizing.
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Key Segment Highlights
The Biodegradable Chelating Agents Market is segmented by Application (Paper and pulp, Industrial cleaners, Agrochemicals, Water treatment, and Others) and Geography (APAC, Europe, North America, MEA, and South America). The paper and pulp application segment held the largest biodegradable chelating agents market share in 2020. The segment is likely to contribute highest growth during the forecast period mainly as they offer certain benefits like efficient control and removal of scales, decreased bleaching costs, and reduction in the downtime due to which it is significantly used in the paper and pulp industry. Biodegradable chelating agents are also used in bleaching wood pulp, recycled fibers, and other cellulose-based materials, which will drive the market during the forecast period. In terms of geography, APAC was the…