COVID-19 Impact on Edetate Disodium Market
- The COVID-19 outbreak is hampering the demand for edetate disodium in many applications. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the coronavirus. This has resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for edetate disodium.
- Key players operating in the edetate disodium market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these players are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials.
- The COVID-19 outbreak has directly affected the production and demand for edetate disodium. The industrial shutdown caused by the COVID 19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.
Key Drivers & Restraints of Edetate Disodium Market
- EDTA is used to prevent rancidity and deterioration. It protects fragrance in compounds and also acts as a chelating agent, as it does not allow metal ions to accumulate on skin, scalp, or hair; therefore, it is used in soaps, detergents, and moisturizers. Furthermore, the addition of EDTA disodium has shown improvements in products for cleaning.
- Stringent guidelines laid down by governing bodies of different regions on the manufacture and use of edetate disodium is projected to hamper the overall growth of the edetate disodium market during the forecast period
Asia Pacific to Constitute Significant Share of Global Edetate Disodium Market
- In terms of region, the global edetate disodium market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the third largest pharmaceutical market in the world after North America and Europe.
- The edetate disodium market in Asia Pacific, which covers India, China, Australia, South Korea and Japan, is expected to grow significantly in the near future. The edetate disodium market in the region is expected to expand at a rapid pace throughout the forecast period.
Competitive Landscape of Global Edetate Disodium Market
Major players operating in the global edetate disodium market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. The market is currently witnessing fierce competition among several leading players. Key players operating in the market include:
- BASF SE
- Dow Chemical Company
- Chem Sol LLC
- Ava Chemicals Pvt Ltd
- Zhonglan Industry Co. Ltd
- Spectrum Chemical Mfg. Corp.
- LabChem Inc.
- Merck KGaA
- SimagChem Corporation
- Xiamen Hisunny Chemical Co., Ltd.
Global Edetate Disodium: Research Scope
Global Edetate Disodium Market, by Type
- EDTA-2NA
- EDTA-3NA
- EDTA-4NA
Global Edetate Disodium Market, by Function
- Preservation
- Chelating Agent
- Flavor Retention
- Color Retention
- Others
Global Edetate Disodium Market, by End-use
- Food & Beverages
- Pharmaceuticals
- Textile
- Agriculture
- Personal Care & Cosmetics
- Others
Global Edetate Disodium Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Edetate Disodium Market: Introduction
- Edetate disodium (EDTA) is a chelating agent. A chelating agent is capable of removing heavy metals such as lead or mercury from the blood. EDTA is a chemical that holds on to (chelates) minerals and metals such as chromium, iron, lead, mercury, copper, aluminum, nickel, zinc, calcium, cobalt, and manganese.
- Other intravenous uses include treatment of cancer, rheumatoid, osteoarthritis, an eye condition called macular degeneration, diabetes, Alzheimer’s diseases, multiple sclerosis, Parkinson's disease, and skin conditions including scleroderma and psoriasis
