According to the latest report by IMARC Group, titled “Chelating Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global chelating agents market size reached US$ 5.9 Billion in 2022. Chelating agents, also known as chelators, are specialized chemical compounds that have the unique ability to form stable complexes with metal ions. They work by coordinating multiple ligands around a metal ion and effectively encapsulating it and preventing it from participating in chemical reactions. They can function as both acids and bases and modify the chemical composition of metals to improve the ability to create a bond with other substances. As they assist in managing heavy metal poisoning and minimizing the toxic effects on the human body, the demand for chelating agents is increasing across the globe.
Global Chelating Agents Market Trends:
At present, the rising adoption of chelating agents, as they mitigate the harmful effects of heavy metals on the environment compared to conventional chemical compounds, represents one of the major factors supporting the market growth. Besides this, the increasing employment of chelating agents in the agriculture industry for enhancing nutrient availability in soil, improving the uptake of essential minerals by plants, and optimizing crop yield is strengthening the growth of the market. Additionally, the growing demand for chelating agents due to the rising awareness about surface cleanliness and hygiene among individuals around the world is positively influencing the market. Apart from this, the increasing popularity of urban farming and vertical gardening to prevent nutrient deficiencies is offering lucrative growth opportunities to industry investors. Furthermore, the rising demand for metal ions and pollution control is bolstering the growth of the market. In addition, key players are introducing advanced biodegradable and eco-friendly chelating agents with improved performance and efficiency, which is contributing to the growth of the market. Looking forward, the market value is projected to reach US$ 7.4 Billion by 2028, expanding at a CAGR of 3.68% during 2023-2028.
- Based on the type, the market has been classified into aminopolycarboxylic acid (APCA), sodium gluconate, organophosphonate, and others. Presently, sodium gluconate dominates the market, accounting for the largest share.
- On the basis of the application, the market has been divided into pulp and paper, household and industrial cleaning, water treatment, agrochemicals, personal care, and others. At present, pulp and paper holds the largest market share.
- Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being Akzo Nobel NV, Archer Daniels Midland Company, BASF SE, Kemira Oyj, and The DOW Chemical Company.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Aminopolycarboxylic Acid (APCA), Sodium Gluconate, Organophophonate, Others
||Pulp and Paper, Household and Industrial Cleaning, Water Treatment, Agrochemicals, Personal Care, Others
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||Akzo Nobel NV, Archer Daniels Midland Company, BASF SE, Kemira Oyj, The DOW Chemical Company etc.
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