Chelating Agents Market Worth US$ 7.4 Billion by 2028

IMARC Group, a leading market research company, has recently released a report titled “Chelating Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global chelating agents market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Chelating agents represent organic substances that engage in reactions with metal ions to produce stable compounds that dissolve in water. These agents can act as both acids and bases, altering the chemical makeup of metals to enhance their capacity to form bonds with other substances. Chelating agents are employed to address heavy metal poisoning in the human body and reduce the harmful impacts of such toxins. They even assist in the transportation of nutrients to plants and aid in animal digestion. Consequently, chelating agents find extensive utilization across numerous sectors, including water treatment, personal care, pulp and paper, power plants, agrochemicals, household and industrial cleaning, pharmaceuticals, etc.

How big is the chelating agents market?

The global chelating agents market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.68% during 2023-2028.

Current Trends Shaping the Chelating Agents Market

The elevating need for the product for recycling of fibers and bleaching of wood pulp, which are then used in the production of facial tissues, toilet tissues, and newsprints, is among the key factors driving the market. Furthermore, the growing global sales of paper-based packaging materials and the increasing emphasis on surface cleanliness and hygiene that has led to the expanded use of industrial and household cleaning products to remove salt deposits, hard water stains, and metal oxides are acting as significant growth-inducing factors.

Besides this, the escalating adoption of these agents in the agriculture industry for formulating micronutrients essential for crop production and the rising advancements in chelating technology that have resulted in the development of mobilizing agents, which aid in minimizing industrial waste and reducing the environmental impact of hazardous chemicals are also positively influencing the global market. Additionally, the emerging trend of combining chelating agents with other chemicals that are utilized in upstream oil and gas applications such as acidizing, filter cake removal, wettability alteration, enhancing reservoir productivity, and improving oil recovery from sandstone and carbonate reservoirs is further fueling the market growth. Moreover, the inflating investments in research and development (R&D) activities related to synthesizing new biodegradable agents are expected to drive the chelating agents market in the coming years.

Who are the key players operating in the industry?

The report has segmented the market into the following categories:

• Akzo Nobel NV,
• Archer Daniels Midland Company (ADM),
• BASF SE,
• Kemira Oyj,
• The DOW Chemical Company.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Aminopolycarboxylic Acid (APCA)
• Sodium Gluconate
• Organophosphonate
• Others

Breakup by Application:

• Pulp and Paper
• Household and Industrial Cleaning
• Water Treatment
• Agrochemicals
• Personal Care
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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