Chelating Agents Market to Reach Valuation of USD 9.7 Billion by 2030– The Increasing Demand for Chelating Agents in Various Industrial Applications Drives the Market Growth

In terms of revenue, the Global Chelating Agents Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 4.5% from 2023 to 2030.

The Chelating Agents market is expected to grow significantly in the coming years due to various factors. One of the key drivers is the growing awareness of the harmful effects of heavy metals on human health and the environment. Chelating Agents are widely used in various industries, such as healthcare, food and beverages, and water treatment, to remove heavy metals from products and processes. The increasing demand for clean and safe water for consumption and industrial use drives the market for Chelating Agents, as these agents remove heavy metals from water sources. The growing population and urbanization have also led to increased industrial activities, further boosting the demand for Chelating Agents.

Moreover, the stringent government regulations regarding using Chelating Agents in various applications have also propelled market growth. These regulations aim to reduce the environmental impact of heavy metal contamination and ensure the safety of the products and processes using Chelating Agents. Overall, the increasing awareness about heavy metal contamination, water pollution, and government regulations are the major drivers for the growth of the Chelating Agents market.

Key Highlights from the Report

· Among the segment Type, the Biodegradable market segment is anticipated to dominate the Chelating Agents market with the largest market share in the forecast period , considering increasing environmental concerns and regulations on the use of non-biodegradable and toxic Chelating Agents. 

· By Application, the Pulp & Paper market segment accounted for the maximum CAGR during the forecast period because of its wide range of applications in the industry.

· In terms of Region, Asia Pacific held the major market share in 2022 and is likely to be the most gainful market. Elements including increasing awareness about environmental pollution and the need for sustainable water treatment solutions and rising disposable income in countries like China and India have led to an increase in the demand for personal care products are aiding this market expansion.

Market Dynamics

The Chelating Agents market refers to the industry that produces and sells substances known as Chelating Agents, which are chemical compounds used to bind and remove metal ions from solutions. These agents can form stable complexes with metal ions, preventing them from reacting with other substances or causing unwanted effects in various industrial processes. Chelating Agents find applications in various industries, including pharmaceuticals, water treatment, food and beverages, agriculture, and personal care products.

The global Chelating Agents market is expected to witness significant growth in the coming years, driven by increasing demand for water treatment solutions and growing awareness about environmental pollution caused by heavy metals. The market is also benefiting from the widespread adoption of Chelating Agents in agriculture, where fertilizers are used to improve plant nutrient uptake. In the pharmaceutical industry, Chelating Agents are used to treat heavy metal poisoning, while in water treatment, they help remove trace metals from drinking water. They also play a crucial role in improving the effectiveness of cleaning agents in household and industrial applications.

However, the high cost of Chelating Agents and the availability of alternative technologies and solutions can hinder the market’s growth. Additionally, concerns about the potential toxicity and environmental impact of some Chelating Agents may limit their use in certain applications.  

Asia Pacific Chelating Agents market is expected to witness a noteworthy development with a significant growth rate over the analysis period. The region is witnessing rapid industrialization and urbanization, increasing consumption of Chelating Agents for various applications. The growing population and rising disposable income in countries like China and India have increased the demand for personal care products, thereby driving the market for Chelating Agents. Additionally, the increasing awareness about environmental pollution and the need for sustainable water treatment solutions have led to the growth of the water treatment industry in the region, consequently driving the demand for Chelating Agents. Furthermore, the agricultural sector in the region is also contributing to the growth of the Chelating Agents market. Chelating Agents are widely used in fertilizers to improve plant nutrient uptake, thereby increasing crop yield. The increasing focus on enhancing agricultural productivity to meet the rising food demand is driving the demand for Chelating Agents in the Asia Pacific region.

The Global Chelating Agents Market is Segmented as follows

• Type
  • Non-biodergradable
  • Biodegradable
• Application
  • Pulp & Paper
  • Cleaning
  • Water Treatment
  • Agrochemical
  • Personal Care
  • Other Applications
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Chelating Agents Market is

Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Dow Chemical Company (U.S.), Mitsubishi Chemical Corp. (Japan), Kemira Oyj (Finland), Shandong IRO Chelating Chemical Co. Ltd. (China), NIPPON SHOKUBAI Co. Ltd. (Japan), Nouryon (Netherlands), Ascend Performance Materials (U.S.), Hexion Inc. (U.S.), Ava Chemicals Pvt. Ltd. (India), Tosoh Corporation (Japan), Bozzetto Group (Italy), Zhonglan Industry Co. Ltd. (China)

The Global Chelating Agents Market Scope can be Tabulated as below