Chelating Agents Market Upcoming Growth, Key Player Analysis and Forecast 2032

 Increasing use of chelating agents in the pulp & paper industry is estimated to drive the market growth.

The global Chelating Agents Market size was USD 6 Billion in 2022 and is expected to reach USD 8.54 Billion in 2032, and register a rapid revenue CAGR of 4% during the forecast period. Increasing environmental concerns and rising demand for several end-use industries are major factors driving market revenue growth. Chelating agents are chemicals that combine with metal ions to create complexes that can be used to extract metal ions from solutions, suspensions, or gas mixtures. These substances are widely employed in various sectors, including Food & Beverage (F&B), water treatment, agriculture, and pharmaceutical industries.

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Top Lading Players: BASF SE, AkzoNobel N.V., Archer Daniels Midland Company, Cargill Inc., The Dow Chemical Company, The Valero Energy Corporation, Mitsubishi Rayon Co. Ltd, Kemira OYJ, Lanxess AG, and Tate & Lyle PLC among others.

Some Key Highlights from the Report:

·         Aminopolycarboxylates contributes to the largest market size accounting for more than 45% market share in 2020 and is projected to have a CAGR of 4.4% in the forecast period owing to the production of these synthetic chelating agents on an industrial scale to cater to the demand for a variety of applications. Aminopolycarboxylates are one of the most extensively used chelating agents. 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.

·         The demand for sodium gluconate is expected to experience above-average growth rate in the forecast period due to its widespread use in detergents, cosmetic products, and industrial applications.

·         Pulp & paper industry was leading the market with around 40% of the market share in 2020, in terms of revenue, and is expected to grow at a rate of 4.4% in the forecast period. Increase in demand for graphic and tissue papers is anticipated to supplement the growth of pulp & paper industry. Besides, these chemicals 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.

·         The Asia Pacific region accounted for more than 35% of the market share in 2020 and is expected to lead the market throughout the forecast period. This can be attributed to continuous innovations and developments in the textile, and pulp & paper industries in this region.

·         Developing nations of APAC region including China, India, Japan, Indonesia, and South Korea, are anticipated to display remarkable improvements in the water treatment, cleaning, and detergents application sectors due to the rising population along with an increase in awareness.

Chelating Agents Market Growth & Demand:

The chelating agents market is expected to experience steady growth in the coming years, driven by various factors such as increasing demand from various end-use industries, rising environmental concerns, and advancements in technology. Chelating agents are chemicals that are used to remove or deactivate metal ions from a solution, making them ideal for use in applications such as cleaning products, water treatment, and agriculture. The growing demand for chelating agents in these industries is expected to drive the growth of the market. The increasing awareness about the adverse effects of heavy metal pollution on the environment and human health is also expected to fuel the demand for chelating agents. The development of new and advanced chelating agents, coupled with the increasing adoption of chelating agents in emerging economies, is expected to create significant growth opportunities for the market players. Additionally, the increasing demand for green chelating agents is expected to further boost the growth of the market. Overall, the chelating agents market is expected to witness steady growth in the coming years, driven by the increasing demand from various end-use industries and rising environmental concerns.

Segments covered in the report:

Type Outlook (Revenue, USD Billion; 2019-2030)

  • Ethylenediaminetetra-acetic Acid (EDTA)
  • Diethylene-triaminepentaacetic Acid (DTPA)
  • Sodium gluconate
  • Others

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Paper and pulp
  • Household detergents and cleaners
  • Personal care
  • Industrial cleaners
  • Others

End-use Channel Outlook (Revenue, USD Billion; 2019-2030)

  • Consumer goods
  • Hospitals
  • Food and agriculture
  • Paper and pulp
  • Textiles
  • Mining
  • Pharmaceuticals
  • Others

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Regional Outlook:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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