Global chelating agents market growth driven by increasing use in agrochemicals and cleaning products

By 2023, the global chelating agents market was projected to be worth USD 7,360.9 million. It is expected to grow at a CAGR of 5.7% from 2023 to 2033. It is expected to surpass a valuation of $12,758.3 million by the end of 2033. In 2022, the market grew by 4.5% annually need for chelating agents in water treatment operations is driven by a growing industrial sector, stringent environmental regulations and a growing demand for clean and safe water. These measures offer practical ways to get rid of heavy metals, prevent scale formation and ensure compliance with water quality regulations.

Chelating agents effectively remove heavy metals from water. With increasing industrialization and urbanization, water sources become contaminated with heavy metals such as lead, mercury, cadmium and arsenic.

Heavy metals pose a serious threat to human health and the environment. Thanks to this, chelating agents form stable complexes with these metals, so they can 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 scale formation, thereby improving the performance and life of water treatment equipment. Recently, awareness of the importance of clean water and its impact on human health is growing rapidly around the world, and the demand for effective water treatment solutions is increasing.

Chelating agents are considered valuable tools for ensuring water quality by removing contaminants, 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 produce wastewater containing contaminants and metals. To reduce the production of pollutants, the demand for chelating agents is expected to increase by 2033.

Key conclusions from the chelating agents market research

The global chelating agent industry recorded a CAGR of 4.0% during the historical period from 2018 to 2022.
The U.S. market is expected to represent a total incremental opportunity of $1,201.3 million from 2023 to 2033.
China’s chelating agent industry is expected to grow at a CAGR of 6.8% during the forecast period.
The pulp and paper segment is forecast to account for the lion’s share by 2033.
The countries leading in the development of the chelating agents market are China, Germany and the United States.

“Bringing to market novel agents that outperform their conventional counterparts in terms of effectiveness, environmental friendliness and cost-effectiveness is a key goal of reputable companies. These changes are expected to create new opportunities and promote growth.” – says the chief analyst of Future Market Insights (FMI).

Competitive landscape

The chelating agents industry is expected to be dominated by a few key players, leading to a fragmented landscape. Industry-leading manufacturers such as BASF SE, Solvay, Mitsubishi Chemical Corporation, Nouryon and Dow Chemical Company, Kemira, Hexion, Akzo Nobel and Innospec Inc. have significant market shares.

To strengthen their market position and expand their product portfolio, chelating agents manufacturers establish strategic partnerships, cooperations and acquisitions. These activities will enable companies to access new technologies, increase production capabilities and enter new geographic markets.

Chelating agents manufacturers are expanding their geographic presence to enter new markets and capitalize on growth opportunities offered by emerging economies. This includes creating distribution networks, opening regional offices and forming partnerships with local players.

For example,

The name is an innovative company specializing in environmentally friendly chelating agents EcoChelat company. The company offers cutting-edge products with an emphasis on ecology and environmentally friendly chemistry, which were created to have a minimal impact on the environment while ensuring high chelation effectiveness.

Contact our sales team to secure your copy of the report now!

Chelation Agents Market Outlook by Category

By product type:

Biodegradable
It is not biodegradable

By application:

Water treatment
Agriculture
Paper and cellulose
Pharmaceuticals
Food and beverages
Chemical processing
Household and industrial cleaning
Oil and 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 the Pacific
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth knowledge of the factors driving market demand. FMI is a leading global provider of market information, advisory, consulting and events services for the packaging, food and beverage, consumer technology, healthcare, industrial and chemicals markets. With a huge team of over 400 analysts worldwide FMI provides global, regional and local expertise in a variety of domains and industry trends in over 110 countries. Join us to celebrate 10 years of providing trusted market insights. Looking back on a decade of achievements, we continue to lead with integrity, innovation and expertise.

Contact us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Apartment 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For sales inquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube