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Chelating Agent Markett - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030
Chelating Agents Market Overview:
Chelating Agent Market is forecast to reach $8.04 billion by 2030, after growing at a CAGR of 3.88% during 2024-2030. A chelating agent also called chelates, or a sequestering agent is a multidentate ligand whose molecules can form several bonds to a single metal ion. The global demand for chelating agents is rising due to the growth of the chemicals industry. Chelating agents play a major role in the manufacturing process of a wide range of industrial and household cleaning products, such as detergents, surface cleaners, liquid washing soaps, granules, and sprays. Rapid industrialization has escalated the market for the chelating agent industry in various end-user industries. The report covers the Chelating Agent Market size by product and application, the Chelating Agent Market share by top 5 companies and also the market share by start-ups during the forecast period.
Market Trends:
Growing Demand in Water Treatment Applications
One significant trend shaping the chelating agents market is the increasing demand in water treatment applications. Chelating agents, such as EDTA and DTPA, are widely utilized in water treatment processes to bind and remove metal ions, preventing scale formation and enhancing the efficacy of detergents. With the escalating global concerns about water quality and the need for effective wastewater treatment, the demand for chelating agents in this sector is witnessing a notable surge. The ability of chelating agents to form stable complexes with metal ions makes them valuable tools in mitigating the adverse effects of heavy metals in water systems. As industries and municipalities worldwide intensify their efforts to comply with stringent environmental regulations, the chelating agents market is poised to expand further, driven by the crucial role these agents play in sustainable water management practices.
Rise in Agriculture and Food Industry Applications
A prominent trend in the chelating agents market is the increasing adoption of these compounds in agriculture and the food industry. Chelating agents, such as EDDHA and EDDHMA, are employed to enhance nutrient availability in soils by facilitating the controlled release of essential metals to plants. This trend aligns with the growing emphasis on precision agriculture and sustainable farming practices, where chelating agents contribute to optimizing nutrient uptake and promoting crop health. Additionally, in the food industry, chelating agents find applications as stabilizers and preservatives, improving the quality and shelf life of various food products. As consumers prioritize food safety and quality, the demand for chelating agents in the agriculture and food sectors is anticipated to experience steady growth. Ongoing research and development activities are focused on introducing novel chelating agents with enhanced properties to cater to the evolving needs of these industries.
Market Snapshot:
Chelating Agents Market - Report Coverage:
The “Chelating Agents Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Adhesive Bandages Market.
| Attribute | Segment |
|---|---|
By Type |
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By Form |
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By Application |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
● The COVID-19 pandemic has introduced various challenges to the chelating agents market, influencing both demand and supply dynamics. One of the notable impacts stemmed from disruptions in industrial activities across sectors like manufacturing, water treatment, and agriculture. The slowdown in production processes, restrictions on workforce mobility, and changes in consumer behavior collectively contributed to fluctuations in the demand for chelating agents. Industries heavily reliant on chelating agents, such as water treatment plants and agricultural enterprises, faced operational challenges and delays in projects due to the pandemic-induced disruptions. Additionally, the pharmaceutical and personal care industries experienced shifts in priorities, affecting the demand for chelating agents in formulations.
● Geopolitical conflicts and wars can have broad implications on global trade, supply chains, and economic stability. In the case of the chelating agents market, which serves various industries, potential disruptions in the supply chain due to geopolitical tensions could impact the availability and pricing of raw materials, affecting production and distribution. Chelating agents are integral components in industries such as water treatment, agriculture, and manufacturing. Any disturbances in the production or supply of these agents could have downstream effects on sectors that rely on them for processes such as metal ion sequestration, water purification, and formulation stability.
Key Takeaways:
● Dominance of Asia-Pacific
Asia Pacific dominated the chelating agent market with a share of more than 31% in 2023. It is the fastest-growing market for chelating agents due to the increasing number of chelating agent manufacturers in Asia Pacific, particularly in China. Also, Asia Pacific is expected to witness the fastest growth over the next few years due to the increasing usage of chelating agents in the existing large-scale pulp and paper and textile industries. Emerging economies of the region including China, India, Japan, South Korea, and Indonesia are expected to show significant improvements in water treatment, detergent, and cleaning application sectors owing to the growing population, coupled with increasing awareness.
Europe and North America account for a significant share of biodegradable chelating agents due to rising public concerns over environmental pollution caused by using non-biodegradable agents. This is likely to increase the demand for chelating agents in these regions.
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●Aminopolycarboxylate segment held the largest market share
Aminopolycarboxylate segment held the largest share of 36% in the chelating agent market in 2023. One of the most extensively used chelating agents is Aminopolycarboxylate. These agents form chelants with metal ions that are present in a wide range of domestic products and therefore are used as metal sequestrates in numerous industrial applications. Increasing availability of biodegradable amino polycarboxylate products is expected to boost the growth of the amino polycarboxylates segment over the forecast period. Increasing usage of amino polycarboxylates in household and home care applications, particularly for water treatment and removal of hard water is expected to drive its demand.
● Pulp and Paper Segment to Hold Largest Market Share
Pulp and Paper segment held a significant share of 26% in the chelating agent market in 2023. Chelating agents are extensively used in bleaching wood pulp and recycling fibers in pulp processing and paper production industries. Increasing demand for tissue and graphic papers is a major growth factor in the pulp & paper industry. Besides, chelating agents play a fundamental role and are considered an integral part of the pulp & paper-making process. These chelating agents not only improve the effectiveness of hydrosulfite and hydrogen peroxide bleaches but also reduce the downtimes and cost of bleaching. Cleaning chemicals for household and industrial cleaning is another major application of chelating agents. Enhancing lifestyle and increasing population will further catalyze the global detergents industry, hence driving the chelating agent market.
● Increased demand for utilization of chelating agents for various applications
Chelating agent market is mainly driven by their utilization in various applications, such as paper manufacturing, water treatment, and the latest dishwasher tabs to remove or prevent hard water and food stains on dishes. These are also used as precursors in the production of fertilizers that release micronutrients in crops to avoid salinization of soil. Besides this, chelating agents are used as additives in the food processing industry as the binding of the metal atoms stabilizes the color, structure and aroma of the food and provides a preservative and antioxidant effect. In addition, advances in chelating technology have helped to develop mobilizing agents that can help minimize industrial waste and reduce the environmental impact of hazardous chemicals.
● Rise in Industrial Activities and Metal Processing
The surge in industrial activities and increased metal processing form a key driver stimulating the chelating agents market. Chelating agents, with their ability to form stable complexes with metal ions, find extensive applications in metal processing industries. From preventing metal corrosion to improving the efficiency of metal plating processes, chelating agents enhance the overall operational performance of various industrial applications. As industrialization continues to grow globally, especially in emerging economies, the demand for chelating agents is set to rise. The metals and mining sector, in particular, relies on chelating agents for tasks such as metal extraction, purification, and wastewater treatment. Additionally, as industries adopt cleaner and more sustainable practices, chelating agents play a crucial role in reducing the environmental impact of metal processing operations. The chelating agents market is poised to capitalize on this driver, providing essential solutions to support the efficiency and environmental responsibility of metal-related industries.
● Usage of non-biodegradable chelating agents
Continuous exposure to non-biodegradable chelating agents including HEDP, EDTA, and STPP has harmful consequences on the environment, which might hamper the growth of the chelating agent market during the forecast period. These chemicals are extensively found in discharges after water treatment in various industries and percolate through the topsoil to contaminate the groundwater by mobilizing the dissolved heavy metals from their solid phases. The harmful effects of the chemicals may hinder market development. Adverse effects of non-biodegradable chelating agents called in for promoting the usage of advanced and bio-degradable chemicals, particularly in Asia Pacific.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Adhesive Bandages Market. The top 10 companies in this industry are listed below:
- Akzo Nobel N.V.
- BASF SE
- The Dow Chemical Company
- Nouryon
- Kemira
- Mitsubishi Chemical Group Corporation
- Yara International
- Shandong IRO Chelating Chemical Co., Ltd.
- Titan Biotech
- Nippon Shokubai Co., Ltd.
Scope of Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2023 |
Forecast Period | 2024–2030 |
CAGR | 3.88% |
Market Size in 2030 | $8.04 billion |
Segments Covered | Type, Form, Application and Region |
Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
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1. Chelating Agent Market- Market Overview
1.1 Definitions and Scope
2. Chelating Agent Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by product
2.3 Key trends by application
2.4 Key trends segmented by geography
3. Chelating Agent Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Chelating Agent Market - Startup companies Scenario Premium
4.1 Top 10 Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Chelating Agent Market– Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top Companies
6. Chelating Agent Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of Substitutes
7. Chelating Agent Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and Distributors Analysis
8. Chelating Agent Market– By Type
8.1 Sodium Gluconate
8.2 Aminopolycarboxylate
8.3 Phosphates & Phosphonates
8.4 Others
9. Chelating Agent Market– By Form
9.1 Liquid
9.2 Solid
10. Chelating Agent Market– By Application
10.1 Pulp & Paper
10.2 Water Treatment
10.3 Cleaning chemicals
10.4 Agrochemicals
10.5 Personal Care
10.6 Pharmaceutical
10.7 Food & Beverage
10.8 Others
11. Chelating Agent Market - By Geography
11.1 North America
11.1.1 U.S
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Rest of South America
11.3 Europe
11.3.1 Germany
11.3.2 United Kingdom
11.3.3 France
11.3.4 Italy
11.3.5 Russia
11.3.6 Spain
11.3.7 Rest of Europe
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Australia
11.4.6 New Zealand
11.4.7 Rest of APAC
11.5 RoW
11.5.1 Middle East
11.5.2 Africa
11. Chelating Agent Market- Entropy
11.1 New product launches
11.2 M&A’s, collaborations, JVs and partnerships
11.2 M&A’s, collaborations, JVs and partnerships
13. Chelating Agent Market – Industry / Segment Competition Landscape Premium
13.1 Market Share at Global Level - Major companies
13.1.1 Market Share by Key Region - Major companies
13.1.2 Market Share by Key Country - Major companies
13.2. Competition Matrix
13.3. Best Practises for companies
14. Chelating Agent Market- List of Key Companies by Country Premium
15. Chelating Agent Market Company Analysis
15.1 Akzo Nobel N.V.
15.2 BASF SE
15.3 The Dow Chemical Company
15.4 Nouryon
15.5 Kemira
15.6 Mitsubishi Chemical Group Corporation
15.7 Yara International
15.8 Shandong IRO Chelating Chemical Co., Ltd.
15.9 Titan Biotech
15.10 Nippon Shokubai Co., Ltd.
"*Financials would be provided on a best efforts basis for private companies"
The Adhesive Bandages Market is projected to grow at a CAGR of 3.88% during the forecast period 2024-2030.
Global Adhesive Bandages Market size is estimated to be $6.3 billion in 2023 and is projected to reach $8.04 billion by 2030.
The leading players in the Chelating Agents Market are Akzo Nobel N.V., BASF SE, The Dow Chemical Company, Nouryon, Kemira and Others.
Growing Demand in Water Treatment Applications is likely to gain prominence which will create growth opportunities for the market during the forecast period.
Increased demand for the utilization of chelating agents for various applications and the Rise in Industrial Activities and Metal Processing are the driving factors of the market.