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Chelating Agents Market: Upcoming Demands and Growth Analysis

Increasing requirement for chelating agents in cleaners & detergents to boost the performance of the finished product is expected to drive growth. The Global Chelating Agents Market is expected to reach USD 5.17 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for cleaners & detergents in the household and industrial applications on account of rising consumer awareness regarding hygiene and extending the lifespan of equipment by keeping it clean is expected to bolster demand. Household & industrial cleaning is anticipated to account for 25.4% of the volume by 2024. Agrochemicals are projected to witness gains at a CAGR of 3.6% from 2016 to 2024, on account of increasing agriculture practices. Chelating agents are used as pesticides and insecticides to promote plant growth. Introduction and implementation of Integrated Nutrient Management (INM) and Integrated Pest Management (IPM) practices to increase crop yield by governments