Global Chelating Agents Market - 2023-2030

Global Chelating Agents Market - 2023-2030

Market Overview
The global chelating agents market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 4.2% during the forecast period (2023-2030).

Chelating agents, also known as chelants, are chemical compounds that can bind to metal ions and form a stable complex. A binding process called chelation removes metal ions from solutions, makes them less reactive or prevents them from forming harmful precipitates. It is used in various industries and applications, such as water treatment, detergents and cleaning products, personal care products, food and beverage, agriculture and many more. Many different products, such as EDTA, NTA, citric acid and gluconic acid, have unique properties and uses. It is also used as a sequestrant, preservative, pH buffer and stain remover in different products.

Market Dynamics
The growing demand for green chelating agents
The growing demand for green chelating agents is driving growth in the global market. It is an eco-friendly and biodegradable alternative to traditional chelating agents, which can harm the environment. It is made from natural sources such as plants and is biodegradable, making it less harmful to the environment and human health. The increasing awareness about the environmental impact of traditional products and the need for sustainable solutions is driving the demand for green chelating agents. Additionally, government regulations and policies promoting environmentally friendly products are also driving the market growth.

The growing use of personal care and cleaning products creates lucrative growth prospects for manufacturers

Growing usage of personal care and cleaning products is increasing because they are effective in removing impurities, improving the effectiveness and stability of these products. As demand for these products increases, this trend creates lucrative growth opportunities for manufacturers. Additionally, the growing awareness about the harmful effects of heavy metals and other impurities on human health and the environment is also driving market growth. As a result, manufacturers must invest in research and development to develop new and more effective chelating agents to meet the growing demand.

Segment Analysis
The global chelating agents market is segmented based on product, application and region.
Owing to their versatility and cost-effectiveness, the sodium gluconate product

Sodium gluconate, a product segment of chelating agents, dominates the global market due to its versatility, cost-effectiveness, high demand in the water treatment industry and eco-friendly properties. It is widely used in various industries such as cleaning and detergents, food and beverage and water treatment. Also, it is relatively inexpensive compared to other products, making it an attractive option for manufacturers and end-users. Additionally, Sodium gluconate is a biodegradable and non-toxic chelating agent, making it an ideal option for end-users looking for an eco-friendly alternative. Above mentioned factors help the product segment to dominate the market.

Geographical Penetration
The strong presence of major players and increased awareness about the use of eco-friendly products
The growing demand for chelating agents in developing countries, especially in Asia-Pacific, creates opportunities for manufacturers to expand their operations in these regions. The region has many manufacturers and suppliers, and its strong economic growth has increased industrial production, boosting the demand for chelating agents. Government initiatives to promote eco-friendly and biodegradable chelating agents also drive market growth. The region's rapidly growing population and urbanization, leading to increased demand for water treatment and personal care products, is also a factor. Growing awareness about the benefits in various industries contributes to the market's growth in the region. Furthermore, the above-stated factors depict Asia-Pacific's dominance in the market.

Competitive Landscape
The major global players in the market include Nouryon, Dow, BASF, Kemira OYJ, Mitsubishi Chemical Holdings Corporation, ADM, Nippon Shokubai Co. Ltd., Ascend Performance Materials, Hexion and Eastman Chemical Company.

COVID-19 Impact Analysis
By Product
• Sodium Gluconate
• Organophosphates
• EDTA, DTPA & HEDTA
• EDDS, GLDA, IDS & MGDA
• Nitrilotriacetic Acid (NTA)
• Others
By Application
• Pulp & Paper
• Water Treatment
• Food & Beverage
• Agrochemical
• Household & Cleaning
• Chemical Processing
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On August 23, 2022, The introduction of new SeptiCyte RAPID EDTA blood-compatible cartridges for the European market was announced by Immunexpress, Pty Ltd., a molecular diagnostic company that strives to improve outcomes for patients with suspected sepsis. Undiluted EDTA blood has been added as a validated sample type in the upgraded SeptiCyte RAPID CE-IVD cartridge, marking a crucial advancement for this innovative, proprietary host response technology.

• On November 30, 2020, With Neutrol MGDA, BASF introduced a very stable, environmentally friendly complexing agent (also known as a chelating agent) for personal care products. It stands out because of its superior ecological and toxicological characteristics and is easily biodegradable. To neutralize the metal ions' unfavorable effects on the final formulation, complexing agents are utilized in cosmetic goods to create stable complexes.

• On June 18, 2019, The completion of a multimillion-dollar reliability and capacity investment in nitrilotriacetic acid production at Ascend Performance Materials' Chocolate Bayou facility in Alvin, Texas, was announced. Ascend Performance Materials is a leading global supplier of high-quality chemicals, fibers and plastics. The investment led to a more than 10% rise in FlexaTrac-NTA manufacturing, the company's biodegradable chelate.

Why Purchase the Report?
• To visualize the global chelating agents market segmentation based on product, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of chelating agents market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Application mapping available as excel consisting of key Applications of all the major market players.
The global chelating agents market report would provide approximately 53 tables, 54 figures and 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies