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Chelates Market - Forecast(2024 - 2030)

Chelates Market Overview

Chelates market size is forecast to reach US$7.5 billion by 2027 after growing at a CAGR of 4.2% during the forecast period 2022-2027. Chelating agents are organic compounds that link metal ions to form ring-like structures called chelates. A chelate is formed when a polydentate ligand bonds to a central metal atom. These ligands are called chelants, chelators, chelating agents, or sequestering agents. Chelation is useful in applications such as providing nutritional supplements, in chelation therapy to remove toxic metals from the body, as contrast agents in MRI scanning, in pulp processing, as cleaners and detergents, in water treatment to assist in the removal of metals, and in fertilizers. The most widely used chelate is ethylenediaminetetraacetic acid commonly called EDTA. It is used in detergents, liquid soaps, shampoos, agricultural chemical sprays, contact lens cleaners, and cosmetics. The growing need for water treatment is expected to drive the chelates market during the forecast period.

COVID-19 Impact

The COVID-19 pandemic affected every industry. The pandemic affected the pulp and paper industry to an unprecedented extent. It accelerated existing trends and turned other parts of the industry upside down. On account of awareness of hygiene and sanitation practices, the demand for paper towels, toilet paper, and wipes skyrocketed leading to shortages. Business Insider reports that the US saw $1.45 billion in toilet paper sales in March 2020, and experienced an 845% increase in demand from 2019. Lockdowns and stay-at-home mandates resulted in store closures and banning in-person dining in restaurants which resulted in a boom in e-commerce and food delivery sectors. This resulted in great demand for packaging products. While packaging and other paper products surged, printing did not farewell. Work-from-home and online classes resulted in lower demand for paper from the education and commercial sectors. The absence of office printers and the switch to digital meetings drastically reduced paper consumption. The availability of e-books and e-papers led to low demand for newspapers, books, and magazines. Thus, the ups and downs in the paper industry impacted the chelates industry.

Report Coverage

The report: “Chelates Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the chelates industry.

By Product: EDTA (Ethylenediaminetetraacetic Acid), Green Chelates (MGDA (Methylglycinediacetic acid), GLDA (Glutamic acid N,N-diacetic acid), IDS (Imminodisuccinate), and EDDS (Ethylenediamine-N,N’-disuccinic acid)), DTPA (Diethylenetriaminepentaacetic acid), Sodium Etidronate, Sodium Gluconate and Others (Phosphonates) (ATMP Aminotris (methylenephosphonic acid), DTPMP Diethylenetriaminepenta (methylenephosphonic acid), HEDP Etidronic Acid, PBTC Phosphonobutane Tricarboxylic acid, and PAPEMP Polyamino Polyether Methylene Phosphonic acid)

By Type: Biodegradable and Non-biodegradable

By Grade: Liquid Grade and Solid Grade

By End-Use Industry: Agriculture (Fertigation, Foliar Spray, Seed Dressing, and Others), Pulp & Paper (Bleaching Wood Pulp, Stabilizers, and Pulp Processing), Food & Beverage (Beverages, Dressings, Sauces and Spreads, Canned Vegetables, Canned Seafood, Pickled Products, and Others (Pie Fillings, Colour Additives)), Industrial (Enhanced Oil Recovery, Scale Removal, Water Treatment, Corrosion Inhibitor, and Others), Healthcare & Pharmaceutical (Contrast Agents, Nutritional Supplements, Pharmaceutical Preservatives & Stabilizers, and Others), Personal Care & Consumer Products (Cleaners, Detergent, Cosmetics, and Others), Textile and Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

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Key Takeaways

Asia-Pacific dominates the chelates market, owing to a large proportion of agricultural lands and increasing agricultural practices in this region. According to Invest India, India’s agriculture technology to attain $24.1 billion by 2025.

Chelation is a process in which a polydentate ligand bonds to a metal ion and forms a ring. The complex produced by this process is called a chelate, and the polydentate ligand is referred to as a chelating agent.

Green chelates or natural chelating agents are also known as biodegradable chelating agents. They were formulated as an eco-friendly and highly efficient alternative for the two most frequently used chelating agents, nitrotriacetic acid (NTA) and EDTA.

The major opportunity for this market is high research spending to develop eco-friendly products that are cost-effective.

Chelates Market Segment Analysis – By Product

The sodium gluconate segment held a significant share of up to 20% in the chelates market in 2021. Sodium gluconate is the sodium salt of gluconic acid formed by the fermentation of glucose. Sodium gluconate chelates and forms stable complexes with various ions, preventing them from engaging in chemical reactions. It forms stable chelates with divalent and trivalent metal ions such as calcium, copper, iron, aluminum, and other metals. It is also an excellent humectant. These properties contribute to the use of sodium gluconate as a high-performing chelating agent, sequestrant, processing aid, humectant, and corrosion inhibitor in a variety of applications. The outstanding property of sodium gluconate is its excellent chelating capability, especially in alkaline and concentrated alkaline solutions which surpass all the other chelating agents, such as EDTA, NTA, and related compounds. The use of sodium gluconate has increased in food applications where it works by inhibiting bitterness. The US Food and Drug Administration (FDA) has classified sodium gluconate as generally recognized as safe (GRAS) and its use in the food industry is permitted without limitation. Owing to its non-corrosive, non-volatile, non-toxic, non-odorous, and readily biodegradable nature, sodium gluconate is set to dominate the chelates market during the forecast period.

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Chelates Market Segment Analysis – By End Use Industry

The personal care and consumer goods segment held a significant share in the chelates market in 2021. Chelates have a unique property- they can form soluble complexes with metal ions. They can also capture and transport the ions away from areas where they are not needed. This enables them to remove dirt and scale, soften water, and boost cleaning action, making them essential ingredients for cleaning products. Soaps and detergents react with the mineral deposits in hard water and form soap scum and scale in dishwashers which over a period of time accumulate and can degrade the appliance. According to EcoPure, over 85% of the USA has hard water. Calcium and magnesium are the two most common contributors to hard water. Hard water, according to the U.S. Geological Survey (USGS), refers to the amount of dissolved calcium, magnesium, and other minerals found in water. Chelating agents are widely used in domestic cleaning products to prevent calcium and magnesium ions naturally found in water from forming soap scum. There are many chelating agents, but EDTA and citric acid are two commonly found chelates in cleaning products owing to their cost-effectiveness. In cosmetic formulations, metals promote oxidation reactions, impair the foaming properties of surfactants, and potentially cause discoloration. Chelates bind with metal ions and play a crucial role in the stability and efficacy of cosmetics. Thus, the personal care and consumer goods segment is expected to hold a significant share in the chelates market.

Chelates Market Segment Analysis – By Geography

The Asia-Pacific region held the largest share in the Chelates Market in 2021 up to 35%, owing to the agricultural industry and water treatment practices in the region. China accounts for approximately 12.9% of the cultivable land globally. According to FAO, China is the largest producer of various crops, including rice, wheat, pears, peaches, potatoes, lettuce, cabbage, and other vegetables. In India, agriculture is the backbone of the economy. India is the leading producer of millets, pulses, ginger, okra, bananas, papayas, mangoes, lemons, guavas, and spices (except cinnamon). The FAO and UN Children’s Fund (UNICEF)’s 2021 Asia and the Pacific Regional Overview of Food Security and Nutrition pointed out that 1.8 billion people in the Asia-Pacific region did not have access to adequate food in 2020 – an increase of almost 150 billion in just 12 months. In order to get on a better track, food security is one of the most critical issues at hand. One way of achieving this could be by increasing yields and promoting healthy plant growth. Chelates play an important role in agriculture as it increases the efficient use of fertilizers and nutrient availability at the root level and in particular increase the mobility of nutrients such as potassium and phosphorus. The United Nations projects that by 2025, half of the countries worldwide will face water stress or outright shortages. By 2050, as many as three out of four people around the globe could be affected by water scarcity. Although Asia is home to more than half of the world’s population, it has less freshwater 3,920 cubic meters per person per year. Hence, water treatment is of paramount importance in the region. It is anticipated that countries such as India, China, Singapore, Indonesia, etc. will make improvements in water treatment processes. Therefore, the growing need for chelates from agrochemicals and water treatment is driving the chelates market in the region.

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Chelates Market Drivers

Growing Need for Water Treatment

Water treatment is done to improve water quality. Water treatment has relevance as worldwide water demand is constantly under pressure due to the increasing world population and a globally improved standard of living. With the increasing urbanization and economic development, the current water supply is unlikely to satisfy the ever-growing demand. It is estimated that about 3.4 million of the world’s population die every year due to deprived access to clean drinking water. According to the United Nations, nearly one-third of the world’s population lack access to safely managed drinking water services. Due to the scarcity of this natural resource, it is important to reuse water and use it for other industrial purposes such as cooling, cleaning, etc. Hard water contains high levels of metal ions such as calcium and magnesium, which impact the performance of many products. Removing metal ions is therefore a key part of many industrial and domestic processes that use water. Softening is an important technique commonly used to remove hardness which is performed by the addition of chelating agents. Hence, the growing need for water treatment acts as a driver for the chelates market.

Development of Green Chelates

Some chelates are poorly biodegradable and affect the environment. Natural chelating agents are biodegradable products used mainly for washing, surface cleaning, detergents, and home care purposes. GLDA and MGDA are green chelating agents that are the best replacements for phosphates in most cleaning applications and they outperform alternatives like citrates, gluconates, and zeolites because they form stronger bonds with metal ions. They combine excellent performance with a superior ecological profile since they are readily biodegradable and largely biobased. The core ingredients used to manufacture green chelates are derived from biological and renewable sources such as beet sugar and corn sugar. GLDA was developed as a cost-effective, green alternative to the two most frequently used agents, ethylenediaminetetraacetic acid and nitrotriacetic acid. The development of green chelates creates an opportunity for sustainable products and thus acts as a driver for the chelates market.

Chelates Market Challenges

Environmental Impact of EDTA and Phosphonates

Ethylenediaminetetraacetic acid (EDTA) is a well-known chelating agent and has numerous applications in various industries. EDTA is a chelate ligand with a high affinity constant to form metal-EDTA complexes to sequester metal ions. In general, EDTA has a low toxic impact on both humans and natural environments. There are some concerns, however, about its poor biodegradation in conventional wastewater treatment plants and natural environments, and its effect in mobilizing heavy metals from solid phases to pose a risk to groundwater. EDTA behaves as a persistent pollutant in the environment, enhancing the mobility and bioavailability of heavy metals. In natural environments, studies detect poor bio-degradability of the ligand. Phosphonates are also known to be poorly degradable chelates. The phosphorus in phosphonates serves as a nutrient, and the deposition of large quantities of phosphates in lakes and waterways induces excessive growth of plants and algae. This excessive growth depletes oxygen and endangers aquatic life. As a result, phosphonates have been discouraged around the world. Biodegradation tests with sludge from municipal sewage treatment plants with HEDP and NTMP showed no indication for any degradation. An investigation of HEDP, NTMP, and DTPMP in standard biodegradation tests also failed to identify any biodegradation. Such concerns over certain chelates can prove to be a challenge for the chelates industry.

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Chelates Industry Outlook

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the chelates market. Chelates market top 10 companies include:

Akzo Nobel N.V.

BASF SE

Kemira

The Dow Chemical Company

Archer Daniels Midland Company

Nouryon

Cargill

Nippon Shokubai Co. Ltd

Jungbunzlauer

Mitsubishi Chemical Corporation

Recent Developments

In November 2020, BASF’s Care Creations launched a highly stable chelating agent, Neutrol MGDA for personal care applications. Neutrol MGDA is suitable for various fields of application: from shower gels and liquid soaps to shampoos, styling products, baby cleansing products, skin creams, and toothpaste.

In January 2019, Nouryon signed a deal with Itaconix for bio-based polymers for the detergents market. Under the terms of the agreement, Itaconix will produce and supply polymers with chelating properties that Nouryon will market to customers in household, institutional, and industrial detergent and cleaner applications.

#Chelates Market #Chelates Market Share #Chelates Market Analysis #Chelates Market Revenue #Chelates Market Trends #Chelates Market Growth #Chelates Market Research #Chelates

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Metal Chelates Market - Forecast (2023 - 2028)

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#Metal Chelates Market #Metal Chelates Market Size #Metal Chelates Market Share #Metal Chelates Market Analysis #Metal Chelates Market Revenue #Metal Chelates Market Trends #Metal Chelates Market Growth #Metal Chelates Market Research #Metal Chelates Market Outlook #Metal Chelates Market Forecast

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Water Treatment Chemicals Market to Expand at a CAGR of ~4% | Revenue, Segments, Expansion, Demand, and Opportunities During 2023-2035

Global Water Treatment Chemicals Market Key Insights

During the forecast period of 2023-2035, the global water treatment chemicals market is expected to reach an estimated value of ~USD 70 billion by 2035, by expanding at a CAGR of ~3%. The market further generated a revenue of ~USD 35 billion in the year 2022. Major key factors propelling the growth of the water treatment chemicals market worldwide are the increasing demand for chemically treated water for various municipal and industrial applications along with rising awareness of clean and safe water for sustainability and protection of the environment.

Market Definition of Water Treatment Chemicals

The process of extracting the impurities from water and wastewater to make it fit for use in industrial and domestic purposes is known as water treatment. Water treatment processes include four basic steps which include boiler water treatment, water purification, cooling water treatment, and wastewater effluent treatment. The whole process eliminates suspended solids, fungi, viruses, algae, and harmful bacteria using chemicals such as algaecides, muriatic acid, chlorine, chlorine dioxide, and soda ash.

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Global Water Treatment Chemicals Market: Growth Drivers

The growth of the global water treatment chemicals market can majorly be attributed to the growing demand for processed water from various industries such as sugar and ethanol, fertilizers, geothermal power generation, petrochemical manufacturing, refineries, and others. Further, the high percentage of people living with no access to safe water services and rising deaths owing to water-borne diseases such as otitis externa, norovirus infection, giardiasis, and cryptosporidiosis are predicted to generate the demand for water treatment chemicals in the assessment period. A report released by World Health Organization (WHO) and UNICEF stated that around 2.2 billion people around the world do not have safely managed drinking services.

The global water treatment chemicals market is also estimated to grow majorly on account of the following:

Increasing water pollution level

Rising awareness about clean and safe water

A growing level of wastewater

Government regulations towards providing safe water

High demand for water quality

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Global Water Treatment Chemicals Market: Restraining Factor

High initial costs in setting up a waste water treatment plant, varying costs of chemicals, and low awareness among the people regarding the importance of safe quality drinking water are some of the factors expected to be the major hindrance to the growth of the global water treatment chemicals market during the forecast period.

Global Water Treatment Chemicals Market Segmentation

By Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, and Chelating Agents)

By End User (Oil & Gas, Power, Municipal, Pulp & Paper, Chemical Manufacturing, and Others)

Out of these, the municipal segment is attributed to garner the highest segment share by 2035. The municipal segment uses water treatment chemicals extensively for providing treated water to the areas of districts and towns. As per the United States Environmental Protection Agency, there are almost 16,000 municipal wastewater treatment facilities operating in the United Nations that cater to almost 75% of the American population. Further, the rising importance of municipalities for water supply, and improving wastewater facilities, has provided an impetus for the municipal segment to grow during the forecast period.

By Region

The Asia Pacific water treatment chemicals market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions on the back of rapid urbanization and industrialization. United Nations released data that stated that around 50% of the population of Asia live in urban areas in 2018. Also, this number is further estimated to grow to 416 million urban dwellers in India and 255 million in China by 2050. Further, owing to rapid industrialization, the demand for water treatment chemicals is expected to rise as the expansion of the industries such as power, oil & gas, chemical, and others require a high amount of treated water for varied purposes.

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The market research report on global water treatment chemicals also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Key Market Players Featured in the Global Water Treatment Chemicals Market

Some of the key players of the global water treatment chemicals market are BASF SE, Ecolab Inc., Solenis LLC, Akzo Nobel N.V., Kemira OYJ, The Dow Chemical Company, Snf Floerger, Solenis LLC, Suez S.A., Lonza Group and others.

About Research Nester

Research Nester, which is a leading service provider for strategic market research and consulting services, aims to provide unbiased, unparalleled market insights and industry analysis. These analyses help conglomerates, executives, and industries to take wise decisions for their businesses as well as for their future marketing strategy, expansion and investment among others. We believe that our expertise in the field of market research can help businesses to expand to its new horizon. Our team of research analysts can provide businesses a right guidance at the right time, while our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

Contact for more Info:

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Email: [email protected]

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

#Water Treatment Chemicals Market

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Natural Solutions for Diverse Applications: Exploring the Chitosan Market

The global chitosan market is experiencing growth, according to P&S Intelligence. This growth can be credited to the increasing acceptance of chitosan in food and beverage, agrochemical, wastewater purification, pharmaceutical, cosmetic applications, and bioplastic.

Chitosan is recyclable and non-toxic, and it is produced from a natural source, which supports the above-mentioned businesses maintain sustainability and boosts the demand for this material in biomedical and pharmacologic applications.

In the past few years, the shrimp category had the largest market share, in terms of both volume and revenue, based on the source. Moreover, this category is projected to show a substantial growth rate in the coming few years. This is mainly because of the high content of chitin in shrimp shells and the growing demand for shrimp chitosan for purifying wastewater and as an element in food preservatives.

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In recent years, the water treatment category had the largest share of the chitosan market, and the category is projected to experience a significant development rate in the near future. This can be credited to the thickening capability of chitosan on both the biological and inorganic matter existing in the water. Furthermore, it also supports eliminating dyes and flocculation, while doing the water treatment.

Worldwide, the APAC region led the industry for chitosan in recent years. Furthermore, the industry is projected to experience the fastest growth in the coming few years. This can be credited to the chelating property of chitosan, which makes it suitable for the treatment of heavy metal-laden industrial wastes. By the way, the high expenditure being made by private and government establishments for water treatment in India, China, and Malaysia would drive the growth of the market.

Food preservatives are utilized to increase the shelf life of unpreserved food items. The outdated technique of food preservation includes the utilization of formalin, which has been substituted by chitosan to a huge extent because of the toxic effects of the former on people.

Additionally, such traditional preservers lead to illnesses like lung diseases, cancer, and skin diseases. Furthermore, chitosan is more biocompatible than outdated preservatives; therefore, the switch to it as a preservative has been the key trend in the worldwide chitosan industry.

#Chitosan Market #Chitosan Market Size #Chitosan Market Share #Chitosan Market Growth #Chitosan Market Outlook

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Iron Powder Market Research by Key players, Type and Application, Future Growth to 2032

The global iron powder market stood at US$ 6.18 Billion in the year 2022 and is expected to reach US$ 10.26 Billion by the year 2032 at a CAGR of 5.2% between 2022 and 2032.

Iron powder’s particle size does vary from 20 to 200 micrometers. The powder is available at the commercial level in 3 kinds – atomized powder, reduced iron powder, and electrolyte iron powder. Electrolyte iron powder holds the largest market share due to stability, purity, and monetary advantage. It’s actually at par with traditional iron salts as well as chelates used for the fortification of food and water.

The other applications include soft magnets and welding in electromagnetics, wherein both – DC and ac are addressed. The iron powder does play an important role with respect to recycling of the industrial chemicals. As such, it is used in pharmaceutical and steel plants. Intake of iron is prescribed for those who are anemic. Regular intake of iron also helps in boosting immunity.

Particle metallurgy alone accounts for the majority of revenue, especially in the automobile sector. Iron powder finds its way as a filler in friction materials-oriented applications like automotive OEMs and aftermarket brake pads with clutches. They are used in the production of sintered parts; which cater to engines and transmissions.

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Competitive Analysis

Mimete S.r.l. (based out of Biassono, Monza, Italy), in November 2020, did release two iron base powders – Duplex MARS F51 and Super-Duplex F53. These powders would be addressing demands from power generation, oil & gas, and aerospace verticals about additive manufacturing. Manufacturers like Mercedes-Benz, Porsche, and Volkswagen do produce components and parts by making use of additive manufacturing technology. These measures are expected to keep the hopes high for the iron powder market in the forecast period.

Sumitomo Electric Industries Ltd., in October 2020, did develop a power magnetic core to cater to axial gap motors. This core gets derived from die-pressing soft-magnetic iron powder into a 3D shape.

KEY SEGMENTS

End Use:

Aerospace & defence

Automotive

Oil & Gas

Medical

Others

Type:

Unalloyed

Alloyed

Insulated Iron powder

Manufacturing Process:

Physical

Chemical

Mechanical

Atomization

Electro deposition

Reduction

Decomposition

Pulverization

What does the Report scale through?

The research study is based on end-use (aerospace & defense, automotive, oil & gas, medical, and others), by type (unalloyed, alloyed, and insulated iron powder), by manufacturing process (physical (atomization and electrodeposition), chemical (reduction and decomposition), and mechanical (pulverization)).

With rising demand for automobiles, the global iron powder market is expected to grow on an accelerated note going forward.

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#CHELATED TRACE MINERALS MARKET

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Agricultural Micronutrients Market Size, Growth Factors and Major Segments, Forecast Research Report

The global agricultural micronutrients market size is expected to experience significant growth by reaching USD 6.65 billion by 2028 while exhibiting a CAGR of 7.51% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Agricultural Micronutrients Market, 2021-2028.” The report further mentions that the market stood at USD 3.86 billion in 2020. Decreasing arable land and the growing demand for gardening activities is perceived as a positive growth factor in the market. According to the Our World in Data Organization, half of the global habitable land is adopted for agriculture purposes. On the other hand, as per the European Commission and Joint Research Center, around 970 million tons of soil are lost due to erosion in the European Union every year.

COVID-19 impact:

High Sales Owing to Growing Demand for Nutritious Agriculture Yield

As per the 2020 CropLife 100 survey, 69% of respondents were of the view that their micronutrient sales rose between 1% to 5% in 2020. The rise in sales is owing to the supportive government initiatives and the high demand for nutritious agricultural products worldwide. The World Health Organization (WHO) has emphasized the need to consume cereals, pulses, and vegetables as a balanced diet. Such factors are expected to favor the demand for the product in the forthcoming years.

List of Top Companies Profiled in the Global Agricultural Micronutrients Market are:

Haifa Group (Haifa, Israel)

AkzoNobel (Amsterdam, Netherlands)

Nutrien Ltd. (Saskatoon Canada)

Yara International ASA (Oslo, Norway)

Helena Agri-Enterprises, LLC (Tennessee, United States)

Coromandel International Limited (Secunderabad, India)

The Mosaic Company (Florida, United States)

Indian Farmers Fertilizer Cooperative Limited (New Delhi, India)

Compass Minerals Inc. (Kansas, United States)

SAPEC S.A. (Bruxelles, Belgium)

Market Segmentation

On the basis of type, the market is segmented into zinc, boron, iron, molybdenum, manganese, and others. Based on form, the market is bifurcated into chelated and non-chelated. Moreover, on the basis of application, the market is trifurcated into soil, foliar, and fertigation. On the basis of crop type, the market is segregated into cereals, oilseeds & pulses, fruits & vegetables, and others.

Based on crop type, the cereals segment held a global agricultural micronutrients market share of about 48.09% in terms of revenue in the forthcoming years. This is due to the increasing incidence of nutritional value loss amongst cereals crops such as wheat, rice, and others that propel the demand for advanced micronutrients in the agriculture sector worldwide.

Finally, on the basis of region, the market is classified into North America, Europe, South America, Asia-Pacific, and the Middle East and Africa.

What does the Report Include?

The global market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Growing Demand for Gardening Activities to Augment Growth

According to the data by Heart, Lung, and Blood Institute, gardening is believed to relieve stress and reduce high blood pressure in people. Besides, the increasing awareness regarding the consumption of healthy food products has led to the high inclination towards gardening activities worldwide. The onset of the COVID-19 pandemic led to people being confined in their home spaces that propelled the adoption of home-gardening activities. The cultivation of horticulture crops gained momentum owing to their nutritious benefits. Therefore, these factors are likely to bode well for the global agricultural micronutrients market growth during the forecast period.

REGIONAL INSIGHTS

Asia-Pacific – The region stood at USD 1.76 billion in 2020 and is expected to dominate the market during the forecast period. This is due to the rapidly growing population driving the demand for nutritious agriculture yield in countries such as India, China, and Japan. According to the World Health Organization (WHO), 60% of the global population is present in the Asian region.

North America – The region is expected to experience significant growth in the forthcoming years. This is due to the steady decline of arable land in countries such as the U.S. and Mexico that is likely to boost the adoption of advanced agricultural micronutrients between 2021 and 2028.

COMPETITIVE LANDSCAPE

Collaboration between Key Players to Brighten Their Market Prospects

The market is experiencing healthy competition amongst the key players positioned in it. These companies are focusing on collaborating with other companies to develop and commercialize innovative agricultural micronutrients to cater to the growing demand from consumers. Moreover, the adoption of organic and inorganic growth strategies by the major companies will contribute to the growth of the market during the foecast period.

Industry Development:

March 2021 – ICL is set to acquire the South American plant nutrition business of Compass Minerals Inc. The acquisition is expected to expand its portfolio of micronutrients required in agriculture and further strengthen its position in the global marketplace.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/industry-reports/agricultural-micronutrients-market-101607

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Pemphigus Vulgaris Market Capacity, Production Value, Cost Structure, Analysis by Applications, Emerging Technologies, Latest Innovations, Key Trends, Growing Demand, Future Opportunities and Future Demand

Pemphigus vulgaris market is expected to experience market growth during the forecast period from 2020 to 2027. Data Bridge Market Research analyzes that the market is growing at a healthy CAGR during the aforementioned research forecast period. The increasing prevalence of skin disorders in the world and emerging markets are the factors responsible for the growth of this market.

Rising cases of rare autoimmune diseases and increasing consumption of blood pressure medications, chelating agents and pyrazolones are driving the pemphigus vulgaris market. Due to increased exposure to ultraviolet rays, emotional stress and thermal burns are also driving the growth of the pemphigus vulgaris market. However, increased advancements in the treatment of autoimmune diseases and increasing population with autoimmune system diseases (such as myasthenia gravis and thymoma) globally will drive the global pemphigus vulgaris market. But the rarity of the disease, high cost of treatment, and strict FDA guidelines for new drug approvals may hamper the global pemphigus vulgaris market.

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The Pemphigus Vulgaris Market provides market share details, new developments and product pipeline analysis, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulation, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and market scenario, contact us for an Analyst Brief , our team will help you create a revenue impact solution to achieve your desired goal.

Global pemphigus vulgaris market scope and market size

The pemphigus vulgaris market is segmented on the basis of diagnosis, treatment, route of administration, end users, and distribution channel. Growth between segments helps analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.

On the basis of diagnosis, the pemphigus vulgaris market is segmented into histopathology, direct immunofluorescence, indirect immunofluorescence and others.

On the basis of treatment, pemphigus vulgaris market is corticosteroids , immunosuppressants, intravenous immunoglobulins, antibiotics, antivirals, antifungals and others.

The route of administration segment of the pemphigus vulgaris market is segmented into oral, parenteral , topical and others.

On the basis of end users, the pemphigus vulgaris market is segmented into hospitals, specialty clinics, home care, and others.

Based on the distribution channel, the pemphigus vulgaris market has also been segmented into hospital pharmacy, retail pharmacy, online pharmacy, and others.

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Country Level Analysis of the Pemphigus Vulgaris Market

The global pemphigus vulgaris market is analyzed and market size information is provided by country, diagnosis, treatment, route of administration, end users and distribution channel as listed above.The countries covered in the Pemphigus vulgaris market report are United States, Canada, Mexico North America, Brazil, Argentina, Peru, Rest of South America, part from South America, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland , Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as part of Middle East and Africa.

North America accounts for the largest market share owing to the presence of key product manufacturing, high spending on research and development and healthcare, and skilled professionals. Europe is considered the second largest market for pemphigus vulgaris due to the increased prevalence in this region. Asia-Pacific is expected to account for the largest market share in the coming years for the pemphigus vulgaris market due to the increase in government awareness programs and the number of generic drugs.

The country section of the report also provides individual market impacting factors and regulatory changes in the national market that impact current and future market trends. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major metrics used to forecast the market scenario for each country . In addition, the presence and availability of global brands and the challenges they face due to significant or rare competition from local and national brands, the impact of sales channels are considered while providing a forecast analysis of national data.

Competitive Landscape and Pemphigus Vulgaris Market Share Analysis

Global Pemphigus Vulgaris Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, global presence, locations and production facilities, company strengths and weaknesses, product launch, clinical trial pipelines, product approvals, patents, product breadth and breath, application dominance, line curve of technological life. The data points above provided are only related to the focus of the companies in the pemphigus vulgaris market.

Key players covered in pemphigus vulgaris market are Genentech Inc., Pfizer Inc., Celltrion Inc., Amgen Inc., Samsung Bioepis., Johnson & Johnson Services, Inc., Fresenius Kabi USA., Hikma Pharmaceutical PLC., Mylan NV. , Accord Healthcare., Sun Pharmaceutical Industries Ltd. and Almirall SA among other national and global players. Pemphigus vulgaris market share data is available for Global, North America, South America, Europe, Asia-Pacific (APAC) and Middle East & Africa ( MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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