From 2023 to 2033, a CAGR of 5.7% is anticipated. By the end of 2033, chelating agent market is set to surpass a valuation of USD 12,758.3 million. In 2022, the market experienced a 4.5% yearly growth.
Increasing need for clean & safe water, stringent environmental regulations, and expanding industrial sector are driving demand for chelating agents in water treatment activities. These agents provide effective solutions for removing heavy metals, preventing scale formation, and ensuring compliance with water quality standards.
Chelating agents are effective in removing heavy metals from water. With increasing industrialization and urbanization, water sources are becoming contaminated with heavy metals such as lead, mercury, cadmium, and arsenic.
Heavy metals pose significant health risks to humans and the environment. Chelating agents hence form stable complexes with these metals, allowing them to be easily removed from water during the treatment process.
Chelating agents are used to prevent the formation of scale and deposits in water treatment systems. As water is treated and circulated through pipes, boilers, and cooling towers, minerals and salts can precipitate and form scale, reducing the efficiency of these systems.
Chelating agents bind to these minerals and prevent them from forming scale, thereby improving the performance and lifespan of water treatment equipment. There has recently been rapidly rising global awareness about the importance of clean water and its impact on human health, there is an increased demand for effective water treatment solutions.
Chelating agents are recognized as valuable tools in ensuring water quality by removing impurities, heavy metals, and other harmful substances.
The industrial sector, including manufacturing, mining, and energy production, requires significant amounts of water for various processes. However, these activities often generate wastewater containing pollutants and metals. To reduce generation of pollutants, demand for chelating agents is anticipated to expand by 2033.
Key Factors Driving the Chelating Agent Market
- Rising Demand in Agriculture: Chelating agents are increasingly used in fertilizers to improve nutrient uptake, driving market growth in the agriculture sector.
- Growing Industrial Applications: The demand for chelating agents in manufacturing processes, especially in water treatment, metal cleaning, and textile industries, is expanding.
- Environmental Regulations: Stricter environmental laws are promoting the use of eco-friendly chelating agents that reduce metal contamination and ensure sustainable practices.
- Technological Advancements: Innovation in chelating agent formulations and production techniques is enhancing efficiency, boosting adoption across diverse sectors.
- Increasing Healthcare Use: Chelating agents are gaining traction in the pharmaceutical industry for detoxification treatments and managing metal toxicity.
- Expanding Personal Care Market: The rising use of chelating agents in cosmetics and personal care products, such as shampoos and skincare, supports market growth.
Competitive Landscape
The chelating agent industry is expected to be dominated by a few key players, leading to a fragmented landscape. In the industry, top manufacturers such as BASF SE, Solvay, Mitsubishi Chemical Corporation, Nouryon, and Dow Chemical Company, Kemira, Hexion, Akzo Nobel, and Innospec Inc. hold significant market shares.
In order to strengthen their market position and expand their product portfolios, chelating agent manufacturers have been engaging in strategic partnerships, collaborations, and acquisitions. These activities would allow companies to access new technologies, enhance their production capabilities, and enter new geographical markets.
Chelating agent manufacturers are expanding their geographic presence to tap into new markets and leverage growth opportunities offered by emerging economies. This includes establishing distribution networks, opening regional offices, and forming partnerships with local players.
Chelating Agent Market Outlook by Category
By Product Type:
- Bio-degradable
- L-glutamic acid, N, N-diacetic Acid (GLDA)
- Sodium Gluconate
- Ethylenediaminedisuccinic Acid (EDDS)
- Iminodisuccinic Acid (IDS)
- Methylglycinediacetic Acid (MGDA)
- Nitrilotriacetic acid (NTA)
- Others
- Non-Bio-degradable
- Aminopolycarboxylates
- Ethyldiamine Tetra-acetic Acid (EDTA)
- Diethylenetriaminepentaacetic Acid (DTPA)
- Phosphates and Phosphonates
- Others
By Application:
- Water Treatment
- Agriculture
- Paper & Pulp
- Pharmaceuticals
- Food & Beverage
- Chemical Processing
- Household & Industrial Cleaning
- Oil & Gas
- Others
By Region:
- North America
- Latin America
- Western Global
- Eastern Global
- Central Asia
- Russia and Belarus
- Balkan and Baltic Countries
- East Asia
- South Asia and Pacific
- Middle East and Africa
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