Chelating Agent Market 2019 Industry Size, Manufacturers, Demand and Applications 2023 Forecast

Chelating Agent Market Global Market Latest Innovations, Drivers, Restraints, Challenges, Industry, and Forecast to 2019 – 2023

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Chelating Agent Market 2019

Chelating Agent Market Size, Top Key Players, Industry Share, Rising Trends and Future Scope till 2023 Chelating Agent Market Overview: The global Chelating Agent Markethas been estimated to register a significant growth on account of increasing demand of light weight fuel efficient vehicles. The primary factors driving growth of the market are the rising use of the light weight vehicles, growing demand for light weight, heat resistant and durable material in numerous industrial applications, and ever increasing demand of the product from textile industry. The global automotive market is estimated to grow at higher CAGR to mark over USD 90 billion revenue in 2017.

The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year. This is anticipated to fuel demand of the Chelating Agent Market in manufacturing light yet durable parts. Additionally, there is growing demand for the demand for organic materials which is expected to rise globally due to the rising prices of petrochemical-based raw materials. Bio-based polyamides are a highquality alternative to substitute petro-based materials. They can be used in automotive, electronics, and sports applications. As a result, it has been projected that in future the demand of Chelating Agent Market may surge manifolds. Moreover, surging demand for and use of consumer goods and electronic devices is expected to further boost growth of the market.

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Chelating Agent Market 2019

Chelating Agent Market Report Major Players: BASF SE, Honeywell International, Inc., Asahi Kasei Corporation, Evonik Industries AG, E.I. Dupont De Nemours & Company, UBE Industries Limited, Invista S.A.R.L. (Koch Industries, Inc.), Lanxess AG, Quadrant AG, Formosa Plastics Corp., Solvay SA, Saudi Basic Industries Corp, Huntsman Corporation and Arkema SA., and Royal DSM NV, among others are some of the prominent players at the forefront of competition in the global Chelating Agent Marketand are profiled in MRFR Analysis.

Chelating Agent Market Competitive Landscape

The global Chelating Agent Market is a highly mature market with significant number of major players operating into the market. The market is driven by flourishing construction, automotive and sports equipment industry. The market is greatly concentrated by the presence of number large players yet, BASF SE, Evonik Industries AG, Lanxess AG, Solvay SA, and Arkema SA are the key manufacturers in this market. Almost all of these market participants are primarily adopting the expansion and product launch tactics to strengthen their market position. Growing automotive industries, and continuous rising demand for sports goods and equipment, along with the collaborations and agreements between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for Chelating Agent Market. Considering these trends, the global Chelating Agent Marketis likely to witness considerable competition over the forecast period of 2017-2023.

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Chelating Agent Market2019

Industry/ Innovation/ Related News:

September 19, 2017- Germany based chemical giant BASF SE and Belgium based chemical major entered into a USD 1.9 billion deal. BASF SE acquired the Chelating Agent Market business of Solvay SA. This will complement BASF’s engineering plastics portfolio as the will be integrated into the performance materials and monomers division of BASF SE. As of 2017, the unit operates 12 production sites, four research locations and 10 technical support centers worldwide.

October 11, 2017- BASF SE, the Germany based chemical giant, has developed new semi-transparent Chelating Agent Market product called Ultramid Vision. It is a semi-crystalline Chelating Agent Market featuring very high light transmission and low light scattering properties. According to BASF, The new material is suited for use in visual check components such as fluid level indicators as well as applications in illumination and light fixtures. It combines the good mechanical properties and process ability of Chelating Agent Market 6 at an attractive price.

July 12, 2017- Arkema SA, a France based specialty chemicals company has recently announced its plan to invest around USD 327.80 million for expansion of its bio sourced Chelating Agent Market 11 production in Asia. With an establishment of this new plant, the company would increase the global production of bio sourced Chelating Agent Market 11 by 50%. The new plant, which will produce both the amino 11 monomer and its polymer, is expected to come on stream in late 2021.

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Chelating Agent Market 2019

Chelating Agent MarketReport: Latest News Bosch one of the renowned automobile industry introduces intelligent sensor systems to reduce the cost of equipment and to support research projects with the help of robust multi-sensor technology. It is also planning to expand in North America due its growing economy in automotive sectors.

Europe: The Europe is dominating the Global Chelating Agent Marketfollowed by Asia-pacific due to increase in consumption from the on-road heavy, medium and light duty vehicles, passenger cars segments as well as non-road mobile machinery sectors such as agricultural, construction, forestry and mining equipment. Also, improvement required in air quality for the benefit of public health and environment is also driving the usage of Chelating Agent Market in the vehicles in the region.

Asia-Pacific: Asia-Pacific is the emerging region in Global Chelating Agent Marketdue to growing urbanization, increasing awareness about harmful effects of fuel combustion for the environment, and government initiatives to support the growth of automotive sectors. China and Japan are the emerging countries in Asia-Pacific region because China is changing and developing its technical expertise with the help of new and emerging techniques and strict regulations imposed by the Government.

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