Global Ethylenediamine Tetraacetic Acid Market – Industry Trends and Forecast to 2030

 Ethylenediamine Tetraacetic Acid Market Analysis and Size

There is a huge demand of ethylenediamine tetraacetic acid in the market in the recent years, especially in sectors such as building and construction, paper and pulp industry, personal care, chemical, metal working, textile industry, paints and coatings, food and beverage, pharmaceutical and others.  In the food and beverage industry, it is used as a food preservative since it prevents catalytic oxidation in the food products and in medical field ethylenediamine tetraacetic acid   used for chelation therapy to treat thalassemia.

Data Bridge Market Research analyses that the ethylenediamine tetraacetic acid market was valued at USD 1.34 billion in 2022 and is expected to reach USD 1.93 billion by 2030, registering a CAGR of 4.70% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. .

Ethylenediamine Tetraacetic Acid Market Scope and Segmentation

Market Definition

Ethylenediaminetetraacetic acid is an aminopolycarboxylic acid with the chemical formula of [CH2N (CH2CO2H)2]2. Ethylenediaminetetraacetic acid is a type of chelating agent which is used for numerous household and industrial applications. This acid is a water-soluble colourless liquid. Ethylenediaminetetraacetic acid (EDTA) can isolate metal ions in an aqueous solution, mainly calcium and iron ions. This acid is available as numerous salts, notably sodium calcium edetate, disodium EDTA and tetrasodium EDTA, but these all function similarly.

Global Ethylenediamine Tetraacetic Acid Market Dynamics

Drivers

• Extensive application of ethylenediaminetetraacetic acid

The applications of ethylenediaminetetraacetic have been extended from the treatment of heavy metal poisoning to chelation therapies for heart disease, atherosclerosis, and cancers, in which ethylenediaminetetraacetic acid (EDTA) decreases mortality and morbidity by chelating toxic metal ions.

• Rising demand of ethylenediaminetetraacetic acid for cleaning purposes

The growing use of ethylenediamine tetraacetic acid for the cleaning purposes in numerous applications such as concrete mixtures, metal cleaning, detergents, water treatment will boost the demand of the ethylenediaminetetraacetic acid in the market.  It also helps in the prevention of prevents scale formation in boilers and also prevents from water hardness in laundry applications which will  anticipated to drive the growth of the market over the forecast period of 2023 to 2030.

Opportunities

• Increasing demand of ethylenediamine tetraacetic acid in multiple industries

Ethylenediamine tetraacetic acid (EDTA) is used in numerous industries such as chemical & material, pharmaceutical, food & beverages and personal care & cosmetic. This is increasing ethylenediamine tetraacetic acid production. Increase in demand for this acid in wastewater treatment/water softening in RO plants, detergents, liquid soaps, photography, textiles and shampoos is also boosting the growth of the market. Ethylenediamine tetraacetic acid is also used for treating brain damage and lead poisoning which will create immense opportunities for the growth of the market.

• Growing demand of ethylenediaminetetraacetic acid in food and beverages sector

Ethylenediaminetetraacetic is used as a food preservative subsequently it prevents catalytic oxidation, which leads to decolouration in the food and beverage industry. In soft drinks containing chemicals such as sodium benzoate and ascorbic acid, ethylenediaminetetraacetic acid mitigates formation of benzene,. Thus, the rising demand of ethylenediaminetetraacetic acid in food and beverages sector will create immense opportunities for the growth of the market.

Restraints/ Challenges

• Availability of biodegradable alternatives and side effects associated with ethylenediaminetetraacetic acid

One of the major and biggest challenge faced by the ethylenediaminetetraacetic acid market is the presence of biodegradable substitutes such as organophosphonates and sodium gluconates, which hampers the market growth in the forecast period. Another major factor which is hindering the market growth is low acute toxic nature of ethylenediaminetetraacetic acid that may cause reproductive and developmental disorder by oral exposures.

This ethylenediamine tetraacetic acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethylenediamine tetraacetic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 Impact on Global Ethylenediamine Tetraacetic Acid Market

The outbreak of COVID-19 pandemic is hampering the demand for ethylenediamine tetraacetic acid in numerous applications. Numerous governments enforced lockdowns to curb the spread of the coronavirus across the globe. Major market players operating in the ethylene diamine tetra acetic acid (EDTA) market are mainly tier I and tier II manufacturers and suppliers.  Numerous players have paused their manufacturing output in the past few months due to the COVID-19 pandemic. Thus, the pandemic has negatively affected the demand and supply chain of ethylenediamine tetraacetic acid.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Ethylenediamine Tetraacetic Acid Market Scope

The ethylenediamine tetraacetic acid market is segmented on the basis of form, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

• Liquid Form
• Solid/Crystal

Application

• Detergents
• Water Treatment
• Concrete Mixtures
• Pulp
• Metal Cleaning
• Agrochemicals
• Cosmetics

End User

• Chemical
• Metal Working
• Textile Industry
• Paints and Coatings
• Building and Construction
• Paper and Pulp Industry
• Personal Care
• Food and Beverage
• Pharmaceutical
• Others

Ethylenediamine Tetraacetic Acid Market Regional Analysis/Insights

The ethylenediamine tetraacetic acid market is analyzed and market size insights and trends are provided by country, form, application and end user as referenced above.

The countries covered in the ethylenediamine tetraacetic acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the ethylenediamine tetraacetic acid market because of the enormous base of paper and pulp industry in this region, as it is a main consumer for ethylenediaminetetraacetic acid. India and China are expected to develop as major markets for ethylenediaminetetraacetic acid.

North America in anticipated to be the fastest growing region in ethylenediamine tetraacetic acid market during the forecast period of 2023-2030 owing to large consumption rate by the U.S. in this particular region. Moreover, ethylenediamine tetraacetic acid (EDTA) is used considerably in numerous applications which will likely to boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ethylenediamine Tetraacetic Acid Market Share Analysis

The ethylenediamine tetraacetic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethylenediamine tetraacetic acid market.

Some of the major players operating in the ethylenediamine tetraacetic acid market are:

• BASF SE (Germany)
• Eastman Chemical Company (U.S.)
• Celanese Corporation (U.S.)
• Hawkins. (U.S.)
• China Petrochemical Corporation. (China)
• Reliance Industries Limited. (India)
• Spectrum Chemical (U.S.)
• MP BIOMEDICALS. (U.S.)
• KH Chemicals (Netherlands)
• Jubilant Pharmova Limited (India)
• LyondellBasell Industries Holdings B.V. (Netherlands)
• Dow (U.S.)
• Merck KGaA (Germany)
• LOTTE INEOS CHEMICAL CO.,LTD (South Korea)
• Jiangsu SOPO (Group) Co., Ltd. (China)
• EuroChem Group (Switzerland)
• B. Enterprises. (India)
• CAMEO Chemicals (U.S.)

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