Chelating Agents Market is expected to register 4.33% CAGR to reach over USD 6.7 Billion by the end of 2030.
Chelating is a chemical compound that reacts to metal ions, stable and water-soluble components. It is also known as chelating, chelators and sequestering agents. The pulp and detergent industries have a high need for chelating agents. The growing need for disinfectants and all-purpose cleaners are fuelling the market demand.
This chelating agent is used as a water treating chemical in many regions. In many regions, the concept of portable water is gaining more traction. It is leading to higher exposure for the chelating agents market. The biodegradable chelating segment of the market is witnessing more requirements from the end-users. The need for surface cleaning agents such as soaps, detergents, shampoos and detergents is rising.Growth in personal consumption of these products is leading to more demand for biodegradable chelating agents. Also, the use of chelating in cleaning products is rising. It is a chemical agent that can prevent minerals in hard water and the minerals. Preventing allergies, shelf life microbial effects are some of the features of chelating. These features of chelating agents will improve hygiene in many regions. All these factors are expected to increase chelating agents market value immensely.
Covid analysis
The outbreak of covid 19 is leading to unprecedented changes in the chelating agents market. Due to this condition, there are constant lockdowns in various regions. The decline in demand and supply disruptions is some of the factors affecting growth. Also, the shutdown of production facilities is another factor that affects the demand from the user end. The chelating agents market is witnessing decreasing trends.
The pulp and paper market is widely affected due to these factors. With the closedown of colleges and universities printing paper industry witnesses a decline. Hygiene products, medical products and speciality papers are reducing. To reduce the risks related to pandemic paper and pulp producing techniques are affected. However, from 2021 the demand for the market is surging. In many regions, hygiene products have massive demand. Maintaining hygiene is reducing the spread of the virus. Due to this, cleaning products and detergents are rapidly increasing. The rise of industrial and institutional cleaning is leading to high demand for chelating agents.
The growing demand for green chelating products is a driving factor of this market. Toxicity and environmental harm are major concerns in many regions. Due to these reasons, the demand for green chelating agents market is constantly rising. Growing awareness for biodegradable agents boosts the growth of this market.
Most of the end-users prefer environmentally friendly products. Low nitrogen and good features of green chelating attract many end-users. Greener alternatives in the market are suitable for environmental standards. All these factors drive exceptional demand for the market. Rising demand for the pulp and paper market is another driver of the market. The pulp and paper industry has a higher usage of chelating agents.
These chemicals are used to manufacture quality papers. Especially, personal hygiene products are gaining more traction in recent years. These biodegradable paper products are widely used in hospitals and many industries. Furthermore, demand from the cosmetic market is another crucial driver of the market. The appearance of the cosmetic products is stabilized by the chelating agents. Various personal care and liquid soaps utilise this chemical. They can preserve the crucial ingredients in any product. All these factors will contribute to higher revenue chelating agents industry.
A growing need in emerging economies will create exceptional market growth opportunities. The phosphonates and sequestering agents are a product that has a wide range of industrial applications. The need for this chemical is high in many markets. The oil processing market, garment market, detergents and more industrial and residential purposes create more scope. All these industries are increasing production in upcoming years. All these factors will lead to more expansion of the overall market.
Especially, the cleaning products market will contribute to higher growth of this market. Furthermore, massive demand from the eCommerce sector is another market driver. The eCommerce sector is responsible for high revenue rates for the market. The chelating agents are supplied on large scale through this source. The development of e-commerce sectors in the developing regions will lead to high demand in the chelating agents market.
Further, wastewater treatment is becoming necessary in many regions. The need to treat this water for hygienic purposes is high. Especially, the developing nations suffer from poor water quality. It is causing various waterborne diseases among most of the population. A chelating agent is helpful to prevent such harm. All these factors will lead to remarkable developments in the market.
The harm of a few toxic chelating agents is a restraining factor of the market. Some of the molecules in the chelating agents are harmful to the environment. Dissolution of the heavy metals can dissolve into the environment. High water solubility issues and non-biodegradability can be a limitation.
Due to these harmful substances, the demand from some end-users is affected. The need for biodegradable chemicals is gaining more traction in recent years. This can lead to more demand for substitute products in this market. This market restraint can affect the overall adoption rate of chelating agents.
Lack of awareness for the chelating agents is a market challenge. The penetration of this useful chemical is less in many regions. The lack of awareness and benefits is unaware in some sectors. Less product awareness can increase demand for local alternatives.
It is a challenge of the market that can restrict the expansion rate. Declining adoption rate and product awareness lead to various limitations. Further, the ongoing challenge use to covid 19 is affecting the market growth. The revenue losses and supply disruptions will continue to affect the expansion of this market.
The chelating agents market growth is stable for the forecast period. There are plenty of factors that contribute to the growth of this market. The cleaning segment of the market will witness the highest demand. Also, biodegrade chelating has exceptional needs. Green chelating products has promising developments.
Rising demand from the pulp and paper industry is a demand driving factor of the market. Further, growing needs from various end-users will bring favourable changes. However, toxic ingredients in the chelating agents can decline the growth. Also, lack o product awareness is a restriction. Still, the promising growth opportunities will sustain chelating agents market trends.
The Asia Pacific is the leading region with high chelating agents market share. A growing population is leading to high demand for the product. Urbanisation is raising the need for products that require chelating agents. The cleaning industry, water treatments, personal care, oil, gas, textiles and pharmaceutical markets have a high need for chemicals.
Also, the presence of top leaders will create more growth for the market. The top leaders are taking various initiatives in the market. Innovations and new product launches with the chelating agents are high. All these factors will make Asia pacific the profitable regional player.
Competitive landscape
The competition in the chelating agents market is constantly surging. The entrance of key players will boost the overall competition. There are plenty of factors that rise the growth of this market. Market acquisitions, expansions and mergers are key regions in the competitive landscape. All these factors will contribute to the expansion of this market in the forecast period.
Global Chelating Agents Market Share, by End-Use Industry, 2018 (%)
Source: MRFR Analysis
Regional analysis
The chelating agents market is fragmented into Asia Pacific, Europe and North America. Asia pacific will outgrow other key players with high market growth. The presence of key leaders is boosting developments and product launches. Urbanisation is rapidly surging the need for the market. Industrialization and the growing population is other driving factor.
Regions such as China, India and Japan contribute the most to the market. Furthermore, North America is the early adopter of the chelating agents market. Investments for chelating agents are rising in the market. US and Canada are key contributors to the market. Europe is another region with a high need for sequestering agents. Public awareness of the product is exceptional.
Recent developmentApril 2021-Layn Natural Ingredients Corp. introduces SustaNX, which will be a part of its Plantae Preservation range of polyphenol-rich antioxidant preservation systems for beverages, foods, fragrances, pet food, and flavors. These advanced preservation formulas comprise proprietary and proven standardized extracts, facilitating ease in formulation, and a mild sensory profile with no significant impact on the color or taste in the application. These systems comprise chelating agent along with a free-radical scavenger that lets the formulators make use of lower dosage than mixed tocopherols.September 2021-Nouryon began production at its latest manufacturing unit in Nin.gbo, China, to cater to the steadily rising polymer demand in Asia for use in Paints and Coatings, Construction, and Packaging end-markets. The company’s Ningbo unit covers six production facilities that develop chelating agents, along with ethylene amines, organic peroxides, surfactants, and cellulose ethersChelating agents are used in a huge variety of applications. In modern dishwasher tabs, chelating agents prevent and dissolve scales and dirt on dishes.
Report overview
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