Chelating Agent Market is forecast to reach $6.04 billion by 2025, after growing at a CAGR of 3.88% during 2020-2025. A chelating agent also called as 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 agent 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 chelating agent industry in various end-user industries. The report covers Chelating Agent Market size by product and application, Chelating Agent Market share by top 5 companies and also the market share by start-ups during the forecast period.
The report: “Chelating Agent Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Chelating Agent Market.
- Chelating agents, like citric acid, have good water softening properties find a wide range of applications in wastewater treatment
- Specific chelating agents bind iron, copper, or lead in the blood and can be deployed to treat extremely high levels of these metals in the bloodstream. Chelating agents may also be used for treating heavy metal poisoning.
- Players in chelating agents market are experiencing rapidly increasing demand for bio-degradable chelating agents, which offers them with the opportunities for potential expansion and production in the international market.
- Bioderived sodium gluconate will likely gain the market owing to its eco-friendly and non-toxic nature and its usage in detergents, industrial applications, and cosmetic products.
By Product- Segment Analysis
Aminopolycarboxylate segment held the largest share in the chelating agent market in 2019. 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 polycarboxylates 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.
By Application - Segment Analysis
Pulp and Paper segment held a significant share in the chelating agent market in 2019. 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 of pulp & paper industry. Besides, chelating agents play a fundamental role and are considered as 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 reduces the downtimes and cost of bleaching.
Cleaning chemicals for the household and industrial cleaning is another major application of chelating agent. Enhancing lifestyle and increasing population will further catalyze the global detergents industry, hence driving the chelating agent market.
Geography - Segment Analysis
Asia Pacific dominated the chelating agent market with a share of more than 31% during the forecast period. It is the fastest-growing market for chelating agent 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 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 growing population, coupled with increasing awareness.
Europe and North America accounts 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.
Drivers – 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.
Challenges – Chelating Agent Market
- Usage of non-biodegradable chelating agents
Continuous exposure to non-biodegradable chelating agents including HEDP, EDTA, and STPP have harmful consequences on the environment, which might hamper the growth of 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.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the chelating agent market. In 2019, the market of chelating agent has been consolidated by the top five players accounting for xx% of the chelating agent market share. Major top 10 companies of chelating agent market are Akcros Chemicals, Akzo Nobel, BASF, Chelest, Dow, DuPont, Hebei Smart Chemicals, Innophos, Jungbunzlauer, Kemira, Lanxess, Prayon, Protex, Tata Chemicals and Zschimmer & Schwarz among others.
- In November 2018, the Care Chemicals business of BASF in North America raised prices on Trilon® chelating agents by 10 percent effective January 1, 2019. The chelating agents affected are EDTA, DTPA, and HEDTA.