Chelating Agent Market by Type (Aminopolycarboxylates, Phosphonates, Polycarboxylates), Product Type (Biodegradable, Non-biodegradable), Application - Global Forecast 2024-2030

Chelating Agent Market by Type (Aminopolycarboxylates, Phosphonates, Polycarboxylates), Product Type (Biodegradable, Non-biodegradable), Application - Global Forecast 2024-2030

The Chelating Agent Market size was estimated at USD 7.21 billion in 2023 and expected to reach USD 7.59 billion in 2024, at a CAGR 5.44% to reach USD 10.45 billion by 2030.

A chelating agent stabilizes the metal ion by coordinating with it through several donor atoms, which effectively 'envelops' the ion. This process, known as chelation, from the Greek word chelé, meaning claw, is significant in a variety of applications ranging from industrial water treatment to pharmaceuticals and medicine. Chelating agents are used to bind with metal ions, thereby inhibiting the ions from participating in chemical reactions that can lead to undesirable outcomes such as scaling, precipitation, or toxicity in biological systems. The primary drivers of the chelating agent market include an increase in demand from the pulp and paper industry, which uses chelating agents to improve the quality and performance of paper products. The growth in the cleaning and detergent sector, where chelating agents are integral for the removal of metal ions, is also propelling the market forward. Moreover, the expanding agricultural and pharmaceutical sectors are contributing to market growth as chelating agents are used to enhance the effectiveness of fertilizers and preserve medications. Despite the positive growth avenues, environmental concerns associated with the non-biodegradability of synthetic chelating agents, such as EDTA, which have adverse ecological impacts present significant challenges for market growth. However, innovations aimed at developing biodegradable and environmentally friendly chelating agents to meet regulatory standards and consumer preferences present lucrative opportunities for market expansion.

Regional Insights

In the Americas, the chelating agents market is performing robustly, driven by industries such as pulp & paper, water treatment, and agriculture. The United States contributes significantly to the market growth owing to its advanced industrial sector and significant investments in research and development. Additionally, environmental regulations regarding water conservation and treatment in North America are spurring the demand for effective chelating agents. The EMEA region shows a diverse market landscape for chelating agents. Europe, being a mature market, exhibits steady growth with high demand from the cleaning and detergent sectors. The region's stringent environmental policies favor the development and usage of biodegradable chelating agents. In contrast, the Middle East and Africa are witnessing a growing market, albeit from a smaller base, due to increasing industrialization and awareness about the benefits of chelating agents. APAC is emerging as a high-growth market for chelating agents. The region is experiencing an expanding industrial base, particularly in countries such as China, India, and Japan. The growth in industries, including textiles, paper, and personal care, is propelling the demand for chelating agents. Additionally, with growing environmental concerns and regulatory standards in these regions, there is a growing emphasis on the adoption of environmentally friendly chelating agents.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Chelating Agent Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising demand for agricultural applications
Increasing investment in water treatment facilities

Market Restraints

High cost of chelating agent

Market Opportunities

Ongoing technological advancements in chelating agent manufacturing
Growing research and development for biodegradable and eco-friendly chelating agents

Market Challenges

Environmental issues associated with chelating agents

Market Segmentation Analysis

Type: Growing adoption of phosphonates to provide a balance between performance and stability under harsh conditions
Product Type: Growing R&D on development of biodegradable chelating agents
Application: Significant applications of chelating agents in water treatment plants

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Chelating Agent Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Chelating Agent Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

PCBL to acquire Aquapharm Chemicals for Rs 3,800 crore

Philips Carbon Black Limited (PCBL) announced the strategic acquisition of Aquapharm Chemicals Private Limited (ACPL) for a total consideration of Rs 3,800 crore. This move signifies PCBL's entrance into the global specialty sectors of water treatment and oil & gas chemicals, laying the foundation for the company's aspiration to cultivate a diverse, global specialty chemical business portfolio.

Nouryon introduces Berol Nexxt surfactant and Dissolvine GL Premium chelating agent

Nouryon has unveiled Berol Nexxt, a pioneering surfactant and hydrotrope offering superior performance in laundry and dishwashing, and the Dissolvine GL Premium, the industry's top-tier, highly concentrated GLDA-based chelating agent. Dissolvine GL Premium sets a new standard for environmental consideration; with an RCI of 56%, this is predominantly biobased, derived from natural amino acids, and exhibits exceptional solubility across varied pH levels.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Chelating Agent Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Chelating Agent Market, highlighting leading vendors and their innovative profiles. These include AkzoNobel N.V., Aquapharm Chemicals Private Limited by Philips Carbon Black Limited, Archer-Daniels-Midland Company, Ascend Performance Materials LLC, AVA Chemicals Private Limited, BASF SE, Biosynth International, Inc., Bozzetto Group, Chemtex Specialty Limited, Hexion Inc., Innospec Inc., Kemira OYJ, Lanxess AG, Macrocyclics by Orano SA, Merck KGaA, Mitsubishi Chemical Corporation, Nagase & Co., Ltd., Nippon Shokubai Co., Ltd., Nouryon Chemicals Holding B.V., Organic Dyes and Pigments LLC, Prakash Chemicals International Private Limited, The Dow Chemical Company, Thermo Fisher Scientific, Inc., Tosoh Corporation, and Zhonglan Industry Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Chelating Agent Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Aminopolycarboxylates
Phosphonates
Polycarboxylates
Product Type
Biodegradable
Non-biodegradable
Application
Agriculture
Cosmetics & Personal Care Products
Food & Beverage
Pharmaceuticals & Healthcare
Water Treatment
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year