APAC high performance wheels market to witness maximum gains over 2016-2024, OEMs to drive the end-use landscape

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High performance wheels market demand is shooting high with the increasing consumer inclination toward customized performance vehicles that offer superior fuel efficiency, quick acceleration, and upgraded braking system. Carbon fiber wheels are gaining a popularity worldwide as its usage in the car enables improved fuel performance and overall weight reduction. Technology has undoubtedly played a vital role in the market’s rapid expansion in terms of wheel designs, wheel materials, and aerodynamics. Concurrently, increasing investment by the market players in research activities to incorporate technological advancements in the premium vehicle models is also catering the industry growth.  An estimation by Global Market Insights, Inc., claims Global high performance wheels market to exceed USD 160 billion by 2024 with a projected CAGR of 5% over 2016-2024.

U.S. High Performance Wheels Market Size, By Material, 2015 & 2024 (Million Units)
U.S. High Performance Wheels Market Size, By Material, 2015 & 2024 (Million Units)

Surging global population which has already crossed the 7 billion mark and increasing disposable income of the consumers have left a proportional impact on high performance wheels industry trends. Today, a significant portion of the urban population prefer vibration free and comfortable rides which is in turn providing lucrative business opportunities to high performance wheels industry. Impacts absorption, enhanced braking system, and improved acceleration are the other crucial factors influencing the industry revenue. The rapidly developing automotive industry has resulted in an escalating product demand from the OEMs. Original Equipment Manufacturers represented almost 80% of the overall high performance wheels market share in 2015. Also, the escalating demand for customized and aesthetically improved vehicles is fueling the high performance wheels industry share from aftermarket applications.

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Pertaining to the vehicles, premium compact segment dominated the market in 2015 by covering almost 50% of the overall volume. Enhanced visual appearance, superior fuel efficiency, cost effectiveness and light weight are some of the factors favoring the market dynamics from this segment. High performance wheels industry from mid- size luxury cars will also experience steady gains at an annual rate of 5.5% over the coming seven years.

In terms of materials, carbon fiber wheels have witnessed significant demand in the recent years. Shifting consumer trend toward light weight vehicles, along with the requirement of weight reduction in sport cars have resulted in an upswing in the material demand. Aluminum based high performance wheels industry will also record steady gains in the years ahead at a CAGR of 6% over 2016-2024. Magnesium based wheels accounted for 30% of the total market in 2015. Steel high performance wheels market will also grow significantly at an annual rate of 4.5% over 2016-2024.

Regionally, Asia Pacific has major grounds enhancing the overall high performance wheels market outlook. The rapidly expanding automotive industry along with presence of a large number of automobile manufacturers such as Toyota, Honda, etc. are the major factors boosting high performance wheels market demand in this region.  With robust production capacities and increasing R&D activities, APAC high performance wheels industry is anticipated to observe the highest growth in the coming years, at an estimated CAGR of 7% over 2016-2024.

Europe market is also slated to spectate substantial progress in the years ahead, with a revenue record of USD 60 billion by the end of 2024. Spreading awareness related to carbon releases from vehicles along with regulatory compliance imposed by the government is enhancing the high performance wheels market demand in Europe. Presence of leading OEMs in countries such as Germany, Poland, France is also one of the major factors driving the regional share. North America high performance wheels industry will be majorly driven by the U.S.  As per estimation, U.S market is expected to register a CAGR of more than 5% over 2016-2024.

High cost involved in the initial set up along with expensive alloy materials may act as a deterrent in the growth chart of the market. However, with the leading automotive brands’ launching advanced vehicle models, high performance wheels market demand is expected to boost substantially over the years ahead. Prominent industry participants include United Group, ALCAR Group, Fikse, BBS Kraftfahrzeugtechnik AG, OZ S.p.A, Carbon Revolution, Euromax, and Steel Strips.

Author Name :Satarupa De


North America all-terrain vehicle (ATV) market to amass substantial gains over 2017-2024, driven by the extensive product demand across inaccessible terrains

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The emergence of several renowned automakers in all-terrain vehicle market is likely to have a major imprint on the future of ATVs. For instance, German-based world-class automaker, Mercedes-Benz has recently revealed its E-class ATV, which is going to be launched in 2018. In the newly revealed ATV, the company has included several advanced features such as sports beefier bumpers, plastic underbody protection, and typical body cladding focusing on consumer requirements. In addition, another well-known automaker, Jaguar is also planning to make various design variations in its Range Rover platform to make it feasible for ATVs. The recent development of highly advanced ATVs comprising various innovative features such as keyless entry, Wi-Fi hotspot, and powered gesture tailgate will thus boost all-terrain vehicle (ATV) industry share over the years ahead. Furthermore, it is imperative to state that Honda has also developed an autonomous ATV for off-road work such as firefighting, rescue missions, and agricultural purposes, in which the company has implemented varieties of attachments that would help carry out the aforementioned functions. The deployment of such multipurpose ATVs, undeniably, is slated to stimulate all-terrain vehicle market outlook.

North America All-Terrain Vehicle (ATV) Market, By Product, 2016 & 2024, (USD Million)
North America All-Terrain Vehicle (ATV) Market, By Product, 2016 & 2024, (USD Million)

With the surging inventions of novel agricultural equipment, farmers have been working toward major land cultivation, focusing on increasing productivity. The availability of innovative farming equipment has indeed reduced the generation gap between tradition and present farming technology. The involvement of technology in the agricultural sector is thus likely to prove beneficial for the smoother transition of agricultural management to next generation farming, setting the base for the expansion of ATV market. Most of the farmers are increasingly becoming adaptable to the use of technologies for improving overall farm productivity. For the record, the adoption rate of such technologies is higher in U.S. as compared to the other countries. As per Global Market Insights, Inc., over the coming years, North America will cover more than 50% of all-terrain vehicle market, owing to surging use of such technologically advanced equipment for forestry and agricultural purposes.

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At present, ATVs are prominently gaining popularity across the defense sector, pertaining to their ease of application for border patrolling and other military activities. These vehicles offer advanced off-road technology and superior mobility at a very affordable price, which is one of the factors driving all-terrain vehicle industry size. In fact, several regional governments have also been establishing joint ventures with leading giants in ATV market. For instance, in 2017, the United States Marine Corp. has signed a contract with the renowned leader and dominant inventor of off-road vehicles, Polaris Government and Defense in order to improve its marine operational capabilities with the deployment of utility task vehicles. Taking into account the increasing requirement of ATVs for defense applications, Polaris is investing significantly in research and development activities to improve the handling of vehicles for a highly responsive ride and enhanced maneuverability. Indeed, this validates that continuous product enhancements of robotic vehicles will certainly fuel ATV industry share.

Considering the vast expanse of all-terrain vehicle (ATV) market, companies have been constantly focusing on new product developments in order to expand their product portfolios. In fact, performance and versatility are the major design factors that researchers have been concentrating on, of late. The increasing upgradation in existing vehicle technology with advanced infotainment systems and installation of advanced safety features, undoubtedly is slated to propel all-terrain vehicle (ATV) industry share.

Author Name : Sunil Hebbalkar

Europe yeast extract market to earn significant revenue over 2016-2024, high demand from the thriving food & beverage sector to drive the regional growth

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Yeast extract market is slated to cross a valuation of USD 1.8 billion by 2024, subject to the fact that the product boasts of a massive application spectrum, such as the animal feed, food & beverages, and pharmaceuticals sectors. Yeast extract is basically a natural ingredient that encompasses high-quality proteins, minerals, carbohydrates, B complex vitamins, amino acids, nucleotides, and lipids and is predominantly used as a food flavoring agent. It finds applications in processed and canned food, frozen meals, dietary supplements, and pharmaceutical and dairy products, primarily due to the fact that it contains essential nutrients that promote the growth of beneficial microorganisms. In addition, the extract enhances the taste and flavor of food products and is extensively used in the food & beverage sector, thereby propelling Yeast Extract Market, slated to grow at a rate of 5.5% over 2016-2024.

U.S. Yeast Extract Market Share, By Application
U.S. Yeast Extract Market Share, By Application 

Yeast extract industry is characterized by novel product developments. For instance, Lallemand, a renowned yeast & bacteria manufacturing and processing firm, recently came up with a unique yeast extract product called Prim Lyfe 175A, which can be used as a viable alternative to meat as it imparts a similar taste, texture, and flavor, and is also the first yeast extract product that contains more than 70% protein content. Many other companies have also been striving to develop innovative products, which is likely to propel yeast extract market.

Yeast extract industry is also characterized by frequent mergers & acquisitions. For instance, Lesaffre, a major participant of global yeast extract market, recently declared that it plans to acquire Sensient‘s Strasbourg yeast extract food business with an aim to improvise on product development, enhance operational productivity, and increase the geographical scope of the business.

Worldwide yeast extract market share is quite consolidated and involves the participation of selected companies such as Bioorigin, Halcyon Proteins, Angle Yeast, Oriental Yeast, Lallemand, Ohly, Lessafre, Synergy Flavours, AB Mauri, Titan Biotech, Biospringer, DSM, Alltech, and Kerry Group. Industry players have also been focusing on developing products that have a rather low carbon dioxide emission rate.

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Yeast extract is available in the form of powders and pastes. The paste form is used to enhance the growth of young livestock, by improving their immune system and digestion ability. Paste based yeast extract market is slated to grow prominently over the next few years, subject to the rising awareness among livestock farmers regarding animal nutrition.

The powder form is feasible to be used for processing dairy products such as regular and vegan cheese and food products such as dips, sauces, and snacks. Rising product usage as a food flavoring agent and increasing demand for milk products tagged with the ‘natural’ tag will propel paste-based yeast extract industry.

Technologically, yeast extract can be bifurcated into hydrolyzed and autolyzed yeast extracts. Autolyzed technology based product is used across food & beverage and animal feed sectors subject to its meaty texture. Many F&B manufacturers have been adding flavor improvisers to increase the taste of their products, which will stimulate autolyzed yeast extract market, slated to grow at a rate of 5% over 2016-2024, with a target size estimation of USD 1.25 billion by 2024.

Yeast is extensively used as a seasoning & dressing ingredient and as a flavor enhancer in numerous food products, especially processed packaged foods such as sauces, soups, savories, and ready-to-eat mixes, subject to which yeast extract industry from food & beverage applications is slated to record a CAGR of 4.5% over 2016-2024. Soups, in particular, will generate a revenue of more than USD 185 million by 2024, propelling yeast extract market from food & beverage applications.

Companies across the globe have been investing heavily in the food & beverages sector to develop high quality food products. Speaking of which, Germany yeast extract industry from food & beverage applications is slated to register a growth rate of 4% over 2016-2024, owing to a favorable regulatory landscape, increasing awareness regarding nutrition, and the high demand for ‘clean labelled’ yeast products.

The product is also used to enhance the immune system of livestock, subject to which they are used in animal feed. Yeast extract market from the animal feed sector is forecast to grow at a rate of 6% over 2016-2024, owing to the product’s increasing utilization in aqua nutrition and other pet products.

China will witness a huge demand for the product in animal feed applications. China yeast extract industry from the animal feed sector is slated to observe a CAGR of 6% over 2016-2024 with a target size projection of USD 20 million by 2024. This growth can be attributed to the growing product usage as an additive to provide essential nutrients such as minerals, vitamins, and protein to help enhance the immune system and improve animal metabolism.

Of late, technological advancements have resulted in the application of hydrolyzed yeast extract in conditioners, shampoos, skin moisturizers, and other personal care products, subject to which hydrolyzed yeast extract market will observe a steep growth rate over the next few years.

Brewer’s yeast extract is popularly used for alcoholic beverage fermentation, animal feed additives, and dietary supplements. Alternatively, it is also called medicinal yeast and is used for the treatment of the skin, respiratory tract, and diabetes across the pharma sector, pertaining to which brewer’s yeast extract industry will grow at a remarkable rate over 2016-2024. Speaking of which, yeast extract market from pharmaceutical applications is foreseen to grow at a rate of 4% over 2016-2024, owing to the changing consumer preferences toward organic medication and the surging demand for nutritional supplements from the ever-growing elderly population across emerging economies such as China and India.

Baker’s yeast extract finds applications in bakery products and fermented food products in the F&B sector. Baker’s yeast extract industry is anticipated to grow at a CAGR of more than 4.5%, subject to the huge demand for products such as rolls, doughnuts, breadsticks, cakes, and breadsticks.

A favorable regulatory framework plays a huge role in the growth of yeast extract market across various geographies. For instance, the enforcement of favorable norms by the FDA and government initiatives toward salt reduction in food to eliminate the occurrence of hypertension and other disorders should fuel U.S. yeast extract industry, which is expected to register a growth rate of 4.5% over the next few years. Similarly, strict regulations by organizations such as EURASYP will lead Europe yeast extract market to grow at a rate of 4% over the next few years.

Yeast extract contains approximately 5% of glutamate, which is naturally present in walnuts, peas, tomatoes, and mushrooms, and is safe for human consumption. MSG, on the other hand encompasses 90% glutamate, which will cause MSG allergies leading to nausea, headaches, and weakness. Growing popularity of yeast extract as opposed to MSG subject to the former’s organic benefits will drive yeast extract market over the next few years.

Author Name :Saipriya Iyer

Ceramic water filters market to generate substantial revenue over 2016-2023, escalating demand from residential applications to augment the industry growth

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Ceramic Filters Market is expected to carve out a lucrative roadmap over the years ahead, subject to highly stringent rules enforced by regulatory bodies such as ASTM, REACH, EPA, and NSF. These organizations have set up strict norms that monitor drinking water filtration systems, thereby propelling the usage of water filters, which will fuel ceramic filters industry share. These organizations are also renowned to undertake supportive initiatives that govern water filtration across industrial and residential arenas. These filters control the BOD (biological oxygen demand) of sewage and waste water before it is disposed into fresh water bodies. In addition, they eliminate harmful pollutant emissions before they are discharged into the environment. This will provide a positive impetus to global ceramic filters market, which is expected to grow at a CAGR of 15.5% over 2016-2023, with a base valuation of USD 900 million.

U.S. Ceramic Filters Market size, by application, 2012 – 2023 (USD Million)

U.S. Ceramic Filters Market size, by application, 2012 - 2023 (USD Million)

Global ceramic filters industry is fiercely competitive and includes the presence of many leading manufacturers. The rising carbon emissions and the subsequent regulatory pressure will bring in lucrative opportunities for companies to enhance their business position. Key participants of global ceramic filters market include Tri-Mer Corporation, Haldor Topsøe, Anguil Environmental Systems, Inc., Pall Corporation, Clear Edge Filtration India Pvt. Ltd., Glosfume Ltd., 3M, Unifrax, and Doulton. The product value chain is characterized by backward and forward integration.

Air filters are heavily deployed across residential and industrial sectors subject to regulatory mandates to monitor the emissions of carbon and other toxic pollutants. Air ceramic filters market size was worth USD 400 million in 2015 and is anticipated to increase substantially over the next few years. These filters are used in the industrial sector for hot gas filtration, bio filtration, and fluid filtration. Ceramic filters industry size from industrial applications was worth more than USD 300 million in 2015 and is expected to increase at a CAGR of 15.5% over 2016-2023.

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Asia Pacific held more than 33% of global ceramic filters market revenue, thereby accounting for the largest share in 2015. With India and China as key contributors, APAC ceramic filters industry size, with an initial valuation of USD 300 million in 2015, is expected to register lucrative gains over the next six years. This growth can be primarily attributed to the rapid industrialization in the region coupled with strict government norms regarding pollutant emissions.

Water ceramic filters market was valued for slightly lesser than USD 500 million in 2015. These products will be heavily used across the industrial and residential sectors for water filtration and air purification. Regulatory norms regarding air and water quality will propel water ceramic filters industry over the next few years.

Residential applications accounted for more than 40% of global ceramic filters market in 2015 and are anticipated to be the key application segment over the next six years. Huge demand for ceramic filters in residential complexes will spur the product demand, leading to ceramic filters industry growth from residential applications, especially, across the African countries.

Subject to the huge number of petrochemical industries and the rising economic growth, Middle East and Africa ceramic filters market is anticipated to grow at a profitable CAGR of 17.5% over 2016-2023. The population across this region has also experienced an increasing awareness regarding the importance of clean, purified water and high air quality, which will augment MEA ceramic filters industry size, slated to cross USD 150 million by 2023.

Ceramic filters are highly corrosion resistant and are inert to most chemicals. In addition, they possess excellent mechanical properties, which will augment product demand. However, volatile raw materials such as zirconium oxide, titanium oxide, and aluminum oxide are vulnerable to periodic price fluctuations. Furthermore, the availability of these materials is also fairly inconsistent, which may result in expensive manufacturing. This poses a major restraint to global ceramic filters market. However, market players have been striving to eliminate these constraints and make the manufacturing process a little less capital intensive.

Author Name :Saipriya Iyer

Polyvinyl Alcohol (PVA) Films Market to collect notable revenue via polarizer application, North America to amplify industry growth over 2016-2024

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Global regulatory bodies & private organizations have been undertaking numerus steps to reduce pollution levels. Polyvinyl Alcohol (PVA) Films Market is expected to witness lucrative growth prospects subject to this very factor. A paradigm shift has been observed in consumer preferences toward biodegradable packaging solutions, which will fuel the product demand. Certain materials are strictly restricted for usage in the packaging industry. The stringent enforcement of these regulations coupled with the changing living standards of people will push the growth of polyvinyl alcohol films market.

U.S. Polyvinyl Alcohol (PVA) Films Market size, by water soluble application, 2013-2024 (USD Million)
U.S. Polyvinyl Alcohol (PVA) Films Market size, by water soluble application, 2013-2024 (USD Million)

As per a report by Global Market Insights, Inc., “Worldwide PVA films market will surpass a revenue collection of USD 9 billion by 2024.” Awareness among people regarding cleanliness and hygiene has been on a constant rise lately. This is anticipated to fuel the usage of detergents across various applications of the hospitality sector such as resorts, hotels, entertainment, and amphitheaters. Subject to huge demand for detergents, polyvinyl alcohol (PVA) films industry is likely to witness lucrative growth prospects over the coming seven years.

Pertaining to the superior properties of biodegradability, water solubility, and low toxicity, polyvinyl alcohol films are primarily used in detergents. PVA films market share from detergent packaging applications will exhibit the highest annual growth rate of 4.4% over the coming seven years. The escalating usage of the product for industrial and residential detergents will augment the industry growth.

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Water soluble PVA films industry collected a revenue of USD 241 million in 2015 and will collect considerable revenue of USD 376 million by the end of 2024. North America water soluble polyvinyl alcohol films industry will cover maximum regional revenue share over the years ahead, driven by the growing packaging sector. U.S. is slated to be the prominent revenue contributor toward the market growth.

Surging spending capability of consumers will lead to an increased deployment of laundry services, PVA polymers are used to manufacture laundry bags, which will propel polyvinyl alcohol films market considerably. Besides, PVA polymers are used in the agrochemical and embroidery domains. Asia Pacific water soluble polyvinyl alcohol (PVA) films industry volume will reach up to 6,268 tons by 2024 with an annual growth rate of 5% over the period of 2016 to 2024. Growing laundry, agrochemical, and embroidery sectors will fuel the product demand noticeably. Moreover, the escalating growth of the electronic sector, mainly across Japan, South Korea, and China will contribute significantly toward PVA films market share, as electronic gadgets such as mobile phones, LCD panels, sunglasses, smartphones are adopted increasingly across these regions.

Agrochemical packaging application of the water soluble PVA films market will register an annual growth rate of 4.2% over the years ahead to collect a volume of 8,033 tons by 2024. Growing demand for the agrochemical such as pesticides, fertilizers, and insecticides across the globe will influence water soluble polyvinyl alcohol films market share considerably.

Polarizer is another lucrative application segment of polyvinyl alcohol films market, which covered a revenue share of about 94% in 2015 and will generate substantial revenue over the coming timeframe. LCD, a sub application of polarizers, which covered a volume of 246 million square meters in 2015, will record a CAGR of 4.8% over the period of 2016 to 2024.

The notable players in polyvinyl alcohol (PVA) films market are Jiangmen Proudly, Nippon Gohsei, Changzhou United Chemical Co.,Ltd., MonoSol LLC., Aicello Chemicals, and Sekisui Specialty Chemicals.

Author Name :Sunil Hebbalkar

APAC Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market to drive the regional landscape, Global revenue to surpass USD 8 billion by 2024

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Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market is witnessing an escalating commercialization with the increasing strong surfactants consumption rate across the globe. Growing inclination toward lauric acid based hydrophobes in surfactants has reflected a positive light on the overall market growth. In spite of a large number of hydrophobes’ availability in the market, these natural origin basedoleochemicals are winning an edge over its other counterparts taking into account its global popularity.  Reliable supply, versatility are the two major factors that caters the market’s huge demand.  Additionally, spreading consumer awareness related to the harmful effects of chemical cosmetics is also providing lucrative avenues to palm kernel oil and coconut oil based natural fatty acids market to widen its business horizon. Concept of retail stores, increasing number of departmental stores, and natural beauty product showrooms is expected to leave an influential impact on the market outlook. As per a report by Global Market Insights, Inc., “Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids industry is projected to exceed USD 8 billion by 2024, with an estimated CAGR of 4.5% over 2016-2024.”

Germany Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market size, by end-user, 2013 – 2024 (USD Million)
Germany Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market size, by end-user, 2013 - 2024 (USD Million)

Geographically, Asia Pacific is one of the most potential players in the global market.   With an expanding production and manufacturing base, APAC palm kernel oil and coconut oil based natural fatty acids market dominated the overall industry share in 2015, by accounting for more than 50% of the total volume.  Statistics depict that almost three fourth of the global production is centered around APAC belt. This region is slated to chart a lucrative growth path in the years ahead also, at a projected annual rate of 5% over 2016-2024. Philippines, India, Vietnam will be the major revenue contributors of the regional market share owing to several oleochemical manufacturing units in these countries.

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Europe palm kernel oil and coconut oil based natural fatty acids market also held a billion-dollar business in 2015. The growth of the regional industry can be credited to the Increasing adoption of natural origin based personal care products across European regions. As per estimation, Europe palm kernel oil and coconut oil based natural fatty acids industry will grow substantially at a CAGR of 4% over 2016-2024.

Personal care and detergents are the two attractive end-use sectors that account for more than 50% of the overall palm kernel oil and coconut oil based natural fatty acids industry share. Taking into account the strong demand for natural fatty acid based cleaners in industrial as well as domestic applications, detergent sector is one of the most significant application domain thriving the palm kernel oil and coconut oil based natural fatty acids market. In addition to this, government regulatory impositions related to industrial cleanliness is further promoting the market expansion. Detergent applications covered more than 30% of palm kernel oil and coconut oil based natural fatty acids market in past years, and is projected to continue its prominence over the application landscape. Personal care sector, which consumed a revenue of USD 1 billion in 2015, will also register steady gains of more than 5% CAGR over 2016-2024.

Volatile raw materials price trends may act as a deterrent in the growth path of palm kernel oil and coconut oil based natural fatty acids market. However, growing awareness regarding cleanliness and hygiene in the workplace as well as the domestic front is expected to stimulate the market outlook. Prominent palm kernel oil and coconut oil based natural fatty acids industry participants include Wilmar International, KLK Oleo, Musim Mas Holdings, P&G, Kao Corporation, and Pacific Oleochemicals.

Author Name :Satarupa De

Chelating Agents Industry to accrue lucrative revenue via pulp & paper applications over 2016-2024, APAC to majorly drive the global landscape

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Chelating Agents Market is expected to observe a notable growth rate, driven by the extensive application of the product in consumer goods, pulp & paper, chemical processing, household & industrial cleaning, agrochemicals, and water treatment sectors. The thriving wastewater treatment chemicals market, which is projected to hit the revenue of USD 35 billion by 2023, is forecast to further boost market demand. Of late, there have been growing concerns toward the maintenance of hygiene in public places. Besides, rising awareness regarding the rampant proliferation of household microorganisms that occur as a result of surface contamination will also provide lucrative opportunities for chelating agents industry players. As per Global Market Insights, Inc., “Chelating agents industry is slated to hit the targeted revenue margin of USD 5 billion by 2024, registering a CAGR of 3% during the period of 2016 to 2024.

Europe Chelating Agents Market size, by application, 2013 – 2024 (USD Million)
Europe Chelating Agents Market size, by application, 2013 - 2024 (USD Million)

Pulp & paper sector, which collected a revenue of USD 500 billion in 2015, is projected to boost the growth of chelating agents market. The industry expansion can be attributed to wide product application in descaling, pulp bleaching, recycled paper items, chemical pulping, paper-based flexible packaging, and whitening. Rising usage of agrochemicals in farming to improve the crop yield for satisfying the global food requirement will lucratively leverage chelating agents industry revenue. Agrochemicals sector, which amassed a revenue of over USD 300 million in 2015, is predicted to grow at a rate of 4% over the period of 2016-2024.

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Considering the geographical trends, Asia Pacific chelating agents industry, which contributed over 40% of the global chelating agents market share in 2015, is projected to grow at an annual rate of 4% over the coming seven years. The expansion can be credited to the large-scale presence of agrochemical and pulp & paper manufacturing firms across the countries such as Japan, China, Thailand, India, Indonesia, Philippines, and Malaysia. Rising health & hygiene consciousness among the growing population of India and China will enhance the product demand for household detergents & cleaners and industrial waste water treatment, thereby positively influencing the industry trends in the region.

Chelating agents market size in Europe, evaluated at over USD 850 million in 2015, is projected to grow at a rate of 3% over the coming timeframe, subject to rise in the number of paper & pulp manufacturing firms. An increase in the number of industrial activities across East Europe will further boost the regional revenue.

Sodium gluconate, APCA (Aminopolycarboxylic Acid), and organophosphates are the major cheating agents. Sodium gluconate, which accounted for more than 35% of the overall chelating agents industry share in 2015, is slated to record a notable CAGR over the next few years. The growth can be credited to product’s superior chelating and biodegradable characteristics along with its non-toxic & eco-friendly traits.

Easy raw material availability and rise in the number of R&D activities pertaining to the production of chelating agents will encourage new entrepreneurs to enter the business arena. Chelating agents market is highly fragmented subject to the presence of small and medium sized firms as well as large corporations.  Key industry participants will try to increase their product portfolio and raise their manufacturing capacities through joint ventures, partnerships, product innovations, and strategic alliances.

AkzoNobel N.V., BASF SE, Sigma-Aldrich Corporation, Archer Daniels Midland (ADM) Company, The Dow Chemical Company, Shandong IRO Chelating Chemical Company Limited, Mitsubishi Rayon Company Limited, EMD Millipore Corporation, Lanxess Aktiengesellschaft, Cargill Incorporation, Kemira Oyj, AVA Chemicals Private Limited, Tate & Lyle plc, and Nagase ChemteX Corporation are the key players of chelating agents industry.

Author Name :Dhananjay Punekar