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Chelating Agents Market

Global Market Study on Chelating Agents: Given the Notable Rise in Demand from Water Treatment Sector, PMR Foresees Various Opportunities for Chelating Agent Manufacturers in the Years to Come

A Detailed Analysis of the Chelating Agents Market Based on Rise in Demand from Pulp & Paper Industry, and the Increase in Consumption of Treated Water for Industrial Usage

Chelating Agents Market

The chelating agents market is forecast to expand at a CAGR of 6.1% and thereby increase from a value of US$7.4 Bn in 2023, to US$11.2 Bn by the end of 2030.

Attributes

Key Insights

Chelating agents market Size (2023E)

US$7.4 Bn

Projected Market Value (2030F)

US$11.2 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

6.1%

Historical Market Growth Rate (CAGR 2018 to 2022)

5.2%

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Market Introduction and Definition

The chelating agents market is a dynamic sector that revolves around the production and utilization of chelating agents - chemical compounds capable of forming stable, soluble complexes with metal ions. Chelating agents play a crucial role in various industries, such as water treatment, agriculture, and pharmaceuticals, where they are employed to control metal ions, prevent metal precipitation, and address issues like corrosion and scaling. The aim of the market is to provide effective solutions for metal ion management across diverse applications, ensuring improved stability and performance in industrial processes.

In the chelating agents market, several drivers fuel its growth. The increasing demand for water treatment solutions to combat rising water pollution levels is a primary driver. Additionally, the agrochemical industry's growing reliance on chelating agents for enhancing nutrient availability in soils contributes to market expansion. Opportunities in this sector stem from the rising applications of chelating agents in healthcare, particularly in pharmaceutical formulations, as well as the development of environmentally friendly formulations, reflecting a trend toward sustainable and eco-friendly practices in the industry.

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Market Growth Drivers

Interplay of Drivers in Water Treatment

A substantial driver propelling the growth of the chelating agents market is the increasing prominence of these agents in the water treatment sector. Industries are adopting advanced water treatment solutions to address the rising concerns of water pollution. Chelating agents, with their ability to effectively control metal ions, play a critical role in mitigating issues like scaling and corrosion in water treatment processes. The interplay of factors such as environmental awareness, regulatory pressures, and the need for efficient water treatment solutions creates a synergistic effect, boosting the demand for chelating agents across industries, especially in the context of sustainability and environmental stewardship.

In addition, the chelating agents market is characterized by a dynamic landscape driven by the escalating need for sustainable and environmentally responsible practices. Chelating agents, compounds capable of forming stable complexes with metal ions, have gained prominence across various industries due to their diverse applications. These agents play a pivotal role in metal ion control, finding applications in areas such as agriculture, water treatment, and the detergent industry. The aim of the chelating agents market is not only to offer effective metal ion control solutions but also to align with global sustainability goals. The market is witnessing a shift towards greener alternatives, emphasizing biodegradability and reduced environmental impact.

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Market Restraints

Environmental Regulations

One significant factor that can potentially influence the performance of the chelating agents market is the evolving landscape of environmental regulations. The market is highly sensitive to regulatory frameworks pertaining to environmental sustainability, chemical usage, and waste disposal. Stringent regulations aimed at reducing the environmental footprint of industrial processes may lead to shifts in the choice and usage of chelating agents.

Companies operating in the market need to navigate and adapt to varying compliance requirements, ensuring that their products align with environmental standards. The need for eco-friendly alternatives and sustainable practices to comply with regulations could reshape the market dynamics, impacting the adoption and demand for chelating agents in various applications.

Co-dependent Sensor Connectivity, and Various Technological Hurdles

The requirement for strong and dependable sensor technology is one of the major obstacles the chelating agents market is experiencing. Technically, it can be difficult to ensure continuous and accurate surveillance of vital signs in the frequently harsh and dynamic environment of a vehicle.

In addition to resisting temperature fluctuations, vibrations, and other external influences, the sensors must maintain the integrity and precision of health data. The ongoing challenge of developing and sustaining sensor technology that satisfies automotive safety and reliability standards continues to impede the progress of the market.

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Opportunities

Increasing Adoption in Water Treatment Applications

A significant opportunity for the chelating agents market lies in the expanding application of chelating agents in water treatment processes. As industries and municipalities increasingly focus on water sustainability and quality, the demand for chelating agents in water treatment applications is expected to surge. Chelating agents play a crucial role in sequestering metal ions, preventing scale formation, and enhancing the efficiency of water treatment systems.

Market players can capitalize on this trend by developing innovative chelating agents tailored for water treatment, addressing environmental concerns and regulatory requirements. Strategic partnerships with water treatment facilities and utilities can further open avenues for revenue growth.

Moreover, an emerging opportunity in the chelating agents market revolves around the growing preference for bio-based and eco-friendly solutions. With increasing environmental consciousness among consumers and stringent regulations promoting sustainable practices, there is a rising demand for chelating agents derived from renewable sources.

Manufacturers are likely to invest in research and development to create bio-based chelating agents that offer comparable or superior performance to traditional counterparts. Positioning such products in the market as sustainable alternatives can attract environmentally conscious industries, fostering growth and revenue expansion in the chelating agents sector.

Analyst’s Viewpoint

The chelating agents market, growth and sustainability intertwine, driven by a surge in demand for eco-friendly solutions across diverse applications like water treatment, agriculture, and pharmaceuticals. Key drivers, including the industry's commitment to environmental responsibility, are shaping the market's trajectory, fostering the adoption of chelating agents. The market witnesses innovation to cater to varied application needs, reflecting a shift toward both bio-degradable and non-bio-degradable chelating agents.

Active opportunities, driven by sustainability goals and technological advancements, complement the market's robust outlook. Collaborative efforts address challenges like regulatory complexities, and strategic partnerships pave the way for overcoming market fragmentation. As Europe emerges as a dominant force, South Asia & Oceania stand out as the fastest-growing region, emphasizing the market's adaptability and resilience in promoting sustainable industrial practices.

Supply-side Dynamics

The supply-side dynamics of the chelating agents market are intricately linked with the production and sourcing of key raw materials essential for chelating agent manufacturing. The market relies on a steady supply of chelating agents derived from various sources, including biodegradable and non-biodegradable materials. The global supply chain is influenced by factors such as the availability of raw materials, extraction processes, and technological advancements in manufacturing.

As demand for chelating agents continues to rise across diverse applications, suppliers are compelled to optimize production processes, enhance extraction methodologies, and explore sustainable sourcing practices. The market's resilience is dependent on the strategic alignment of supply-side participants to meet evolving consumer preferences and regulatory standards.

A key player in the global supply chain for chelating agents is China, which has emerged as a major supplier in the market. China's dominance in chelating agent production is attributed to its robust chemical manufacturing infrastructure, cost-effective production capabilities, and access to essential raw materials. The country plays a pivotal role in meeting the escalating demand for chelating agents across various industries.

As a major supplier, China's production practices, and regulatory frameworks significantly influence the global market dynamics. The country's strategic position in the supply chain underscores the interconnectedness of the chelating agents market, with China contributing substantially to the availability and affordability of these crucial chemical compounds on a global scale.

Market Segmentation

Which is the Dominant Product Type Segment?

Bio-degradable Agents Expect Extensive Sales

The dominated category is unequivocally represented by bio-degradable chelating agents, aligning with the escalating emphasis on sustainability. Derived from renewable sources, these agents offer robust metal-binding capabilities while addressing environmental concerns, showcasing a pivotal attribute—eco-friendliness.

Simultaneously, the fastest-growing category unfolds in non-bio-degradable chelating agents. Essential for applications demanding enduring metal complexation, these agents excel in industrial processes requiring steadfast performance. Their remarkable attribute lies in durability, ensuring longevity in specific manufacturing and chemical processes, steering their trajectory as the fastest-growing category amid the market dynamics favoring sustainable solutions.

Which is the Leading Application Area?

Water treatment Sector Remains the Leading Area of Application

Water treatment stands out as the dominant category, offering versatile solutions to address diverse water quality challenges. Chelating agents, encompassing both biodegradable and non-biodegradable types, play a pivotal role in water treatment processes, combating issues like scale formation, controlling metal ions, and mitigating the adverse effects of heavy metals. Their widespread use across industries highlights their versatility and effectiveness in maintaining water quality.

On the other hand, the fastest-growing category in the chelating agents market is witnessed in pharmaceutical applications, with a notable emphasis on biodegradable formulations. Chelating agents are gaining rapid traction in the pharmaceutical sector, contributing to enhanced drug stability, improved bioavailability, and ensured product quality.

Top Regional Markets

North America Secures the Top Spot on Account of the Prominent Automotive Industry

As a result of its status as a center for renowned automobile manufacturers such as those based in France, Italy, and Germany, Europe emerges as the dominating region in the chelating agents market, driven by a commitment to sustainable practices and stringent environmental regulations. The region's emphasis on eco-friendly solutions aligns with the growing demand for biodegradable chelating agents, particularly in water treatment and pharmaceutical applications.

European industries prioritize environmental responsibility, fostering the dominance of chelating agents that offer effective metal ion control while minimizing ecological impact. Robust research and development activities, coupled with a strong focus on green initiatives, position Europe at the forefront of sustainable solutions, making it a pivotal player and dominant force in the global chelating agents landscape.

South Asia, and Oceania Thrive on the Back of Rapid Industrialization

South Asia, and Oceania emerge as the fastest-growing region in the chelating agents market, primarily fueled by rapid industrialization. The region experiences a surge in diverse industrial activities, including water treatment, agriculture, and chemical processing, demanding efficient metal ion control solutions. Furthermore, Growing economies, increased manufacturing activities, and a rising focus on infrastructure development amplify the demand for chelating agents across various applications.

The water treatment sector especially witnesses substantial growth, contributing to the region's accelerated pace in adopting chelating agents. Moreover, South Asia, and Oceania's strategic positioning in the global market landscape, coupled with burgeoning industrial needs, positions it as the fastest-growing hub for chelating agents, offering abundant opportunities for market players, and fostering regional market dynamism.

Competitive Intelligence and Business Strategy

Prominent organizations, including BASF SE, Dow Inc., Kemira Oyj, are at the vanguard of this sector, Competitive intelligence in the Chelating agents market involves a comprehensive understanding of the market landscape, encompassing key players, their product portfolios, and strategic initiatives. Market participants need to analyze competitors' strengths, weaknesses, opportunities, and threats to formulate informed decisions. This includes monitoring advancements in technology, product innovations, and market expansions undertaken by competitors.

Continuous assessment of competitor activities allows companies to anticipate market trends, respond to changing consumer preferences, and identify potential areas for collaboration or differentiation. In the dynamic chelating agents market, staying ahead in terms of intelligence is crucial for maintaining a competitive edge and adapting to the evolving industry dynamics.

A successful business strategy in the chelating agents market involves a combination of innovation, sustainability, and market responsiveness. Companies need to align their strategies with the growing demand for eco-friendly and sustainable chelating solutions. This includes investing in research and development to introduce novel formulations and adopting green manufacturing practices. Additionally, strategic collaborations, mergers, and acquisitions can provide avenues for expanding market presence and diversifying product portfolios.

Key Company Developments

New Product Launch

In 2020, Evonik Industries AG announced the launch of a new chelating agent product line, TEGO® RC Silicones. These chelating agents are designed for personal care, home care, and industrial cleaning applications and offer improved stability, enhanced foaming, and better cleaning performance.

Market Impact: The introduction of Evonik Industries AG's new chelating agent product line, TEGO RC Silicones, in 2020, marked a significant development in the chelating agents market. Specifically designed for personal care, home care, and industrial cleaning applications, these chelating agents promise improved stability, enhanced foaming, and superior cleaning performance. This launch has positioned Evonik Industries as a key player offering innovative solutions in the chelating agents segment, influencing market dynamics and catering to the evolving needs of diverse industries.

(Source: NS Packaging)

Kemira Oyj announced the expansion of its chelating agent’s product portfolio with the launch of a new product line, KemGuard®. These chelating agents are designed for water treatment applications and offer improved scale and corrosion inhibition.

Market Impact: Kemira Oyj's announcement of expanding its chelating agent product portfolio with the introduction of the KemGuard® product line has made a notable impact on the Chelating agents market. Specifically tailored for water treatment applications, these chelating agents bring enhanced scale and corrosion inhibition properties. This strategic move strengthens Kemira Oyj's position in the market, addressing the growing demand for effective water treatment solutions and contributing to the evolving landscape of chelating agents.

(Source: Kemira Media)

BASF launched Trilon M Max EcoBalanced, a renewables-based Trilon M grade. This product launch has helped the company to satisfy the demand from home care and I&I cleaning industries with sustainable and high-quality ingredient.

Market Impact: The introduction of BASF's Trilon M Max EcoBalanced, a renewables-based Trilon M grade, has significantly impacted the Chelating agents market. This innovative product launch addresses the increasing demand in home care and industrial & institutional (I&I) cleaning industries for sustainable and high-quality ingredients. BASF's commitment to providing eco-friendly solutions aligns with the market's evolving preferences, contributing to the overall dynamics of the chelating agents industry.

(Source: BASF)

Chelating Agents Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Oceania
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Product Type
  • Application
  • Region

Key Companies Profiled

  • BASF SE
  • Dow Inc.
  • Kemira Oyj
  • Mitsubishi Chemical Corporation
  • Nippon Shokubai
  • Nouryon
  • Hexion Inc.
  • Ascend Performance Materials
  • Lanxess AG
  • Akzo Nobel n.v

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Chelating Agents Market Research Segmentation

By Product Type:

  • Bio-degradable
    • L-glutamic acid, N, N-diacetic Acid (GLDA)
    • Sodium Gluconate
    • Ethylenediaminedisuccinic Acid (EDDS)
    • Iminodisuccinic Acid (IDS)
    • Methylglycinediacetic Acid (MGDA)
    • Nitrilotriacetic acid (NTA)
    • Others
  • Non-Bio-degradable
    • Aminopolycarboxylates
    • Ethyldiamine Tetra-acetic Acid (EDTA)
    • Diethylenetriaminepentaacetic Acid (DTPA)
    • Phosphates and Phosphonates
    • Others

By Application:

  • Water Treatment
  • Agriculture
  • Paper & Pulp
  • Pharmaceuticals
  • Food & Beverage
  • Chemical Processing
  • Household & Industrial Cleaning
  • Oil & Gas
  • Others

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • BASF SE
  • Dow Inc.
  • Kemira Oyj
  • Mitsubishi Chemical Corporation
  • Nippon Shokubai
  • Nouryon
  • Hexion Inc.
  • Ascend Performance Materials
  • Lanxess AG
  • Akzo Nobel n.v

- Frequently Asked Questions -

The market for chelating agents is anticipated to grow at a CAGR of 6.1% during the projected period.

As of 2023, the global chelating agents market size is around US$7.4 Bn.

The UK currently holds the largest market share.

Some of the prominent players in the market are BASF SE, Dow Inc., Kemira Oyj, and Mitsubishi Chemical Corporation.

The pharmaceuticals segment is expected to grow at the fastest pace in the market, during the forecast period.

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