Methylglycinediacetic Acid Market Size, Share, Growth, and Industry Analysis, By Type (Solution and Powder), By Application (Detergent, Pulp and Paper, Textile Industry and Others), Regional Forecast To 2031

Updated On: 22 April 2024

Methylglycinediacetic Acid Market Report Overview

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global methylglycinediacetic acid market size was USD 545.4 Million in 2022 and market is projected to touch 1304.41 Million by 2031, exhibiting a CAGR of 10.2 % during the forecast period.

The global methylglycinediacetic acid is also known as, MGDA acid. It is a chelating agent used in household cleaning products. It is helpful in removing lime scale due to its power to dissolve fatty acids containing stains. MGDA can be a substitute for phosphates and is used in dishwasher detergent. It prevents hard-water stains from forming. It is more biodegradable than some traditional chelating agents. Growing demand for sustainable and eco-friendly chelating agents is driving the market.

The global methylglycinediacetic acid market progression can be credited to the upsurge in the demand due to rising demand for sustainable and eco-friendly products. As consumers become more aware of the impact of traditional chemicals on the environment, there is a growing demand for sustainable and eco-friendly products. MGDA is a biodegradable and environmentally friendly chelating agent, which makes it an attractive alternative to traditional chemicals.

COVID-19 Impact: Pandemic led to decrease in demand from pulp & paper industries

The effects of the COVID-19 pandemic are already being felt on a global level, the global methylglycinediacetic acid was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the chemicals & advanced materials as well. For instance, due to the shut down of colleges and universities, copier paper and printing paper have recently seen a noticeable decrease in demand in the market.

Latest Trends

"Increasing demand from the cosmetic industry to drive the market"

MGDA is considered a safe and effective ingredient for use in cosmetic products and is approved by regulatory bodies such as the FDA and the European Union. The global cosmetic industry is experiencing significant growth, driven by rising consumer demand for personal care and grooming products, particularly in emerging economies. This growth is expected to drive the demand for MGDA, as manufacturers seek safe and effective ingredients to use in their formulations.

Methylglycinediacetic Acid Market SEGMENTATION

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• By Type

Based on type, the global methylglycinediacetic acid market is divided into solution and powder.

• By Application

Based on application, the market is divided into detergent, pulp and paper, textile industry and others

Driving Factors:

"Growing demand from detergent industry to surge market growth"

MGDA is widely used in the detergent industry as a replacement for traditional chelating agents such as EDTA and NTA, which are not biodegradable and have been found to be harmful to the environment. The growing demand for sustainable and eco-friendly cleaning products is driving the demand for MGDA.

"Increasing demand from personal care industry to prosper product demand"

MGDA is used in personal care products such as shampoos, soaps, and lotions as a pH adjuster and preservative. The growing demand for personal care products, especially in emerging economies, is driving the demand for MGDA.

RESTRAINING FACTORS

"Eco-toxicological risks of EDTA are likely to hamper the market"

For metals, aminopolycarboxylates (APCs), chelators (such as EDTA and NTA), and phosphonates have potent chelation effects. Many of these molecules are not readily biodegradable. The dissolution of heavy metals from sediments and soils could be caused by the penetration of these chelates into the atmosphere, thus mobilizing them, leading to elevated levels of metals, with the exception of phosphonates that do not mobilize toxic metals. Because of their highwater solubility and low biodegradability, these chelates survive in the environment (except NTA). It has been confirmed that in some industrial and municipal wastewater treatment facilities in the US, 800 μg/L of EDTA has been detected, and up to 12 mg/L in European water bodies. EDTA is now on Europe's priority list of risk management drugs.

Methylglycinediacetic Acid Market Regional Insight

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"Asia-Pacific to dominate the market owing to the growing industrialization in the region"

Asia-Pacific is estimated to be the fastest-growing region in the overall market over the forecast period, owing to the key drivers of the market in the region are population growth, urbanization, and industrialization. It is expected that developing economies, including India, China, Indonesia, and others, are likely to display substantial improvements in their water treatment processes and cleaning and detergent applications due to rising populations and increasing awareness. The rising preference for liquid detergents over powder detergents due to improved performance is the other important factor driving the growth of the surfactants industry in the region, which, in turn, will fuel the market.

Europe likely to hold the second-largest share in the market. In Europe, the demand for biodegradable sequestering agents is expected to expand rapidly on account of growing public awareness about environmental contamination caused by the use of non-biodegradable agents in applications such as dishwasher detergents. The opportunities provided by the green economy are being used by the region’s pulp & paper industry. Thus, lucrative growth in the pulp & paper industry will boost the chelating agents market growth.

Key Industry Players

"Market Players to Boost Market Growth by adopting various growth strategies"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• BASF (Germany)
• Nouryon (Netherland)
• Brandt Chemical (France)
• Yuanlian Chemical (China)
• Sino Lion (U.S.)
• Taihe Water Treatment (China)

Report coverage

This report examines an understanding of the global methylglycinediacetic acid market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.