In the ever-evolving landscape of the global chemical industry, the sequestrants market stands as a pivotal player, contributing significantly to diverse sectors such as food and beverages.
Sequestrants, with their unique ability to form stable complexes with metal ions, play a crucial role in mitigating the adverse effects of metal contaminants in various industrial processes.
Global Sequestrants Market to Reach $13.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Sequestrants estimated at US$10.1 Billion in the year 2022, is projected to reach a revised size of US$13.8 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Sodium Gluconate, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$5.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aminopolycarboxylate (APCA) segment is readjusted to a revised 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 6.7% CAGR
The Sequestrants market in the U.S. is estimated at US$2.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2030.
The Natural Sequestrants market is expected to reach 4 billion USD
With the trend of sustainability on the rise, a lot of companies are developing biodegradable materials that are made from renewable materials. Natural sequestrants derived from glutamic acid diacetate will register over 8% CAGR, GLDA is the new green alternative to other sequestrants such as NTA and EDTA.