The global Etidronic
acid market is expected to witness significant demand over the
forecast period. Etidronic acid is a disphosphonic acid which is utilized
in water treatments, detergents, cosmetics and pharmaceutical treatment.
Etidronic acid is a chelating agent which is used to provide nutritional
supplements. Being a phosphonate, it prevents corrosion on unalloyed steel and
it also reacts to retard rancidification and oxidation of fatty acids.
It is widely used in pharmaceutical
to strengthen bones, used in treatment against osteoporosis and also against
paget’s disease of bone. Biphosphonates typically reduce osteoclastic activity
helping in prevention of bone diseases. The chemical uses of Etidronic acid can
be formulated in terms of anti-corrosion agent, oil-field and low pressure
boilers in fields such as metallurgy, fertilizer, chemical industry and
electric power.
Etidronic acid helps significantly
in the dyeing industry as it is used as a peroxide stabilizer and dye-fixing
agent.The driving factors responsible for the growth of etidronic acid market
include as growth in pharmaceutical industry and chemical industry.
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Additionally, rapid growth of
urbanization, growing disposable income and consumer’s changing lifestyle.
However, adverse effects of etidronic acid such as peeling, blistering of skin
and joint, muscle and bone pain are some of the adverse effects that may hamper
the growth of etidronic acid market. Overall, the market growth for etidronic
acid market witnesses a positive growth during the forecast period due to
growing demand for pharmaceuticals.
On the basis of application, the
global etidronic acid market is segmented as chemicals, medical formulations,
cosmetics, detergents and water treatment. Chemicals are further segmented as
chemical industry, fertilizers, non-cyanide electroplating & metallurgy.
Detergents are further segmented as metal and non-metal.
Chemical segment accounts for a
large share over the forecast period due to growing demand for etidronic acid
across various segments. On the basis of end-user, the global etidronic acid
market is segmented as pharmaceutical industry, dyeing industry, cosmetic
industry, chemical industry and others. Pharmaceutical industry is growing at a
higher rate CAGR for the forecast period. On the basis of geographic
segmentation, the global etidronic acid market is spans North America, Latin
America, Europe, Asia-Pacific excluding Japan, Japan, Middle-East & Africa.
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North America dominates the global
market due to growing pharmaceutical industry. APEJ regions account for high
share due to significant rise in cosmetic industry. Middle-East and African
regions witness a moderate growth owing to moderate opportunities in
pharmaceutical and chemical industry and rising population.
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