Chelating Agents Market Forecasts to 2030 – Global Analysis By Product Type (Bio-degradable and Non-Bio-degradable), Application (Agrochemicals, Chemical Processing, Consumer products, Food & Beverage, Industrial Cleaning and Other Applications), and By G

Chelating Agents Market Forecasts to 2030 – Global Analysis By Product Type (Bio-degradable and Non-Bio-degradable), Application (Agrochemicals, Chemical Processing, Consumer products, Food & Beverage, Industrial Cleaning and Other Applications), and By Geography

According to Stratistics MRC, the Global Chelating Agents Market is accounted for $6.23 billion in 2023 and is expected to reach $9.17 billion by 2030 growing at a CAGR of 5.68% during the forecast period. Chelating agents are organic compounds that combine with metal ions to produce stable, water-soluble compounds. They can act as bases and acids, changing the chemical structure of metals to enhance their capacity to form bonds with other substances. They are employed to lessen the toxic effects of heavy metal poisoning in humans. They support the movement of nutrients to plants and animal digestion.

According to a study conducted by the American Foundry Society, metal casting is responsible for 6 billion pounds of emissions annually.

Market Dynamics

Driver

Rising demand from pulp & paper industry

The pulp and paper industry heavily relies on chelating agents. Chelating agents like ethylenediaminetraacetic acid (EDTA) and diethyleneetriamine pentaacetic acid (DTPA) in the pulp and paper used in the bleaching of voltage hinder the operation of soluble metal ions without accumulation. In bleaching chains, chelating agents are used, particularly in the sodium hydrosulfate and chlorine dioxide processes. They can also be utilized for scaling and inking tasks. Chelating agents are used in the pulp and paper industry to increase the accuracy of certain processes, like chlorine drying. The most popular chelating agents by far are aminopolycarboxylates like EDTA and DTPA.

Restraint

Fluctuation of raw material prices

The chelating market is significantly impacted by the cost of raw materials. Different factors may have an impact on the availability and cost of important raw materials used in the production of these agents, such as ethylenediamine, formaldehyde, acetic acid, and phosphorus derivatives. This may have an effect on demand for chelating agents because end users may look for alternate solutions or cut back on consumption to control costs.

Opportunity

Growing demand for green chelating agents

Global growth is being fueled by the rising demand for green chelating agents. It is a biodegradable and environmentally friendly replacement for conventional products, which can be harmful to the environment. It is less harmful to the environment and to human health because it is made from natural resources like plants and is biodegradable. The demand for green chelating agents is being driven by growing awareness of the negative environmental effects of conventional products and the need for sustainable solutions.

Threat

Contains environmentally hazardous molecules

One aspect of the market that restricts growth is the harm caused by a few toxic chelating agents. Chelating agents contain environmentally hazardous molecules. The heavy metals may dissolve and enter the environment. Issues with non-biodegradability and high water solubility can be a restriction to market expansion.

Covid-19 Impact

Numerous end-use industries for chelating agents had to temporarily close due to the sudden COVID-19 pandemic outbreak and the strict lockdown regulations that were enacted in response. The growth rate of the pulp and paper industry was significantly slowed. This, in turn, had a negative effect on the use of chelating agents. However, the market is expected to expand consistently due to rising demand from the pulp and paper sector, which has been making progress on the road to recovery following the pandemic.

The biodegradables segment is expected to be the largest during the forecast period

During the forecast period, biodegradables are anticipated to hold the largest market share. The non-biodegradable chelating agents' detrimental effects on the environment are motivating regulatory bodies to enact strict regulations to limit their use. In addition, this has led to a rise in the demand for biodegradable chelating agents.

The industrial cleaning segment is expected to have the highest CAGR during the forecast period

The industrial cleaning segment is estimated to register highest CAGR over the course of the forecast period. Chelating agents are included in cleaning formulas to ensure that the cleaning process is not interfered with by the minerals found in hard water. Chelating agents also prolong shelf life, lessen the risk of allergies to nickel or chromium, maintain color, have an antimicrobial effect, and aid in the removal of scale. Due to the requirement for maintaining proper personal and environmental hygiene, the use of chelating agents in cleaning products like surface cleaners, all-purpose cleaners, detergents, and disinfectants is anticipated to increase.

Region with largest share

Chelating agents market share was dominated by Asia Pacific, and this is likely to remain the case throughout the forecast period. Population growth, urbanization, and industrialization are the main factors driving the market in the area. Due to growing populations and increased awareness, developing economies like India, China, Indonesia, and others are anticipated to show notable improvements in their water treatment procedures and detergent usage. Another key factor boosting the development of the region's surfactant industry and, consequently, the market is the growing preference for liquid detergents over powder detergents due to improved performance.

Region with highest CAGR

The North American market is anticipated to expand significantly during the projected period as a result of the rising demand for chelating agents in the pharmaceutical and healthcare sectors. Chelating medications are frequently used in the treatment of heavy metal poisoning, and their use is expected to rise as the prevalence of heavy metal toxicity in the region rises. The rules set forth by the Environmental Protection Agency (EPA) for the discharge of wastewater in the area have helped the chelating agent market in North America expand.

Key players in the market

Some of the key players profiled in the Chelating Agents Market include ADM, AkzoNobel N.V., Ascend Performance Materials, AVA Chemicals, BASF SE, Bozzetto Group, Cargill Incorporated, Dongxiao Biotech, DowDuPont, Fuyang Biotech, Kaixiang BioChem, Lanxess AG, Merck KGaA, Mitsubishi Chemical Corporation, Nippon Shokubai Co., Ltd., Nouryon, Osam Speciality Chemicals Pvt. Ltd., Roquette Freres, Saanvi Corp, Shandong IRO Chelating Chemical Co., Ltd, Sigma-Aldrich Corporation, Tate & Lyle PLC, The Dow Chemical Company, The Valero Energy Corporation, Tosoh Corporation and Zhonglan Industry Co., Ltd.

Key Developments

In May 2023, Special chemicals company LANXESS has doubled its production capacity for benzyl alcohol at its site in Kalama/Washington, USA, to support the growth of its established customer base in the Americas. The capacity expansion is the result of various technical upgrades.

In April 2023, Specialty chemicals company LANXESS is introducing sustainable light-color sulfur carriers within the Additin product family. Produced at the Mannheim site in Germany, the sulfur carriers are marketed under the LANXESS Scopeblue sustainability umbrella brand.


Product Types Covered
• Bio-degradable
• Non-Bio-degradable

Applications Covered
• Agrochemicals
• Chemical Processing
• Consumer products
• Food & Beverage
• Industrial Cleaning
• Oil & Gas
• Personal Care
• Pharmaceutical
• Pulp & Paper
• Water Treatment
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements