Chelating Agents Market Outlook
According to the report by Expert Market Research (EMR), the global chelating agents market Size is projected to grow at a CAGR of 3.8% between 2023 and 2028. Aided by the growing demand for efficient cleaning agents and the widening applications of chelating agents in various industries, the market is expected to grow significantly by 2028.
Chelating agents, also known as chelants or sequestrants, are compounds that can form several bonds to a single metal ion, stabilising it and preventing it from reacting with other elements or compounds. This property makes them valuable in a variety of industries such as pulp and paper, water treatment, cleaning, agriculture, and pharmaceuticals.
The increasing consumer preference for high-performing cleaning products is fuelling the global chelating agents market growth. As chelating agents have the ability to form water-soluble complexes with metal ions found in water, they are extensively used in cleaning products, such as detergents and soaps, to improve their cleaning efficacy.
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The expanding applications of chelating agents in various industries also significantly contribute to the chelating agents market development. In the water treatment industry, they are used to prevent scaling and to remove metal contamination. The paper industry utilises chelating agents to improve the efficiency of the bleaching process, while in the agricultural sector, they are used to enhance the effectiveness of micronutrients in fertilisers.
Furthermore, the rise in environmental concerns and the growing awareness about the harmful effects of non-biodegradable chelating agents have led to an increased focus on the development and use of biodegradable chelating agents. This shift towards environmentally friendly alternatives is expected to provide a significant boost to the chelating agents market expansion.
Moreover, the increasing demand for chelating agents in the food and beverage industry is another key factor propelling the market growth. They are used in food preservation and to improve the stability and quality of food and beverages. Meanwhile, the pharmaceutical industry utilises chelating agents in the production of medicines and healthcare products, where they are used to control metal ions and thus increase product stability and shelf life, accelerating the chelating agents market growth.
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Chelating Agents Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Sodium Gluconate
- Phosphates and Phosphonates
Market Breakup by Application
- Pulp and Paper
- Water Treatment
- Personal Care
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global chelating agents companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- BASF SE
- The Dow Chemical Company
- Mitsubishi Chemical Holdings Corporation
- Nippon Shokubai Co., Ltd.
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