Chelating Agents Market Future Challenges and Business Opportunities by 2032

Global Chelating Agents Market Overview

Chelating agents are specialized compounds used to bind metal ions, forming stable complexes. They play a crucial role in a variety of industries, including water treatment, pulp and paper production, pharmaceuticals, agriculture, and household cleaning products. By forming complexes with metal ions, chelating agents help prevent undesirable reactions in various industrial processes, such as scaling, precipitation, and corrosion.

The global chelating agents market is expected to reach USD 6,396.9 million by 2027, with a projected compound annual growth rate (CAGR) of 4.4% over the forecast period. The introduction of biodegradable sequestering agents by key industry players is poised to enhance the market outlook.

The chelating agents market has experienced steady growth in recent years, driven by rising demand for eco-friendly solutions, advancements in industrial processes, and increasing regulations on water treatment and waste management. This article delves into the current market dynamics, trends, and growth projections for the chelating agents industry.

Leading Companies in the Chelating Agents Market

• Zhonglan Industry Co., Ltd. (Shandong, China)
• Tosoh Corporation (Tokyo, Japan)
• Hexion (Ohio, U.S.)
• Nouryon (Amsterdam, Netherlands)
• Shandong IRO Chelating Chemical Co., Ltd. (Shandong, China)
• Mitsubishi Chemical Corporation (Tokyo, Japan)
• BASF SE (Ludwigshafen, Germany)
• Akzo Nobel N.V. (Amsterdam, Netherlands)
• Bozzetto Group (Filago, Italy)
• Ava Chemicals Private Limited (Maharashtra, India)
• Ascend Performance Materials (Houston, U.S.)
• NIPPON SHOKUBAI CO., LTD. (Osaka, Japan)
• Kemira (Helsinki, Finland)
• Dow Chemical Company (Michigan, U.S.)
• ADM (Illinois, U.S.)

The market's value stood at USD 4,757.1 million in 2019. The report offers:

• In-depth analysis of key market segments and their performance.
• Comprehensive profiles of major market players and their strategies.
• Leading insights into market drivers and challenges.
• Detailed study of regional trends affecting market growth.

Market Segmentation

The chelating agents market is segmented based on type, application, and region.

1. By Type:

   • Aminopolycarboxylate (APC): Includes EDTA, NTA (Nitrilotriacetic acid), and others, widely used in industrial cleaning, water treatment, and agriculture.
   • Organophosphonates: These chelating agents are particularly effective in preventing scale formation and are used in water treatment, cooling systems, and oil and gas applications.
   • Natural Chelating Agents: These include biodegradable compounds such as GLDA, which are increasingly gaining popularity due to their low environmental impact.

2. By Application:

   • Water Treatment: Used in municipal and industrial water treatment to prevent metal ion buildup and improve efficiency.
   • Pulp and Paper: Chelating agents help in the bleaching process and reduce the formation of metal deposits.
   • Detergents and Cleaners: They improve the cleaning action by binding metal ions that interfere with detergent performance.
   • Agriculture: Chelating agents enhance nutrient absorption in fertilizers by making essential minerals more accessible to plants.
   • Pharmaceuticals: Used to stabilize drug formulations and improve shelf life.

3. By Region:

   • North America: A major market for chelating agents, driven by stringent regulations on water treatment and waste management.
   • Europe: The focus on sustainability and environmental regulations is pushing the market towards eco-friendly chelating agents.
   • Asia-Pacific: Rapid industrialization and increasing demand for paper-based products, particularly in countries like China and India, are boosting the demand for chelating agents in this region.

Information Source: https://www.fortunebusinessinsights.com/chelating-agents-market-104716