Market Insights
Chelating agents are chemical substances that form stable complexes with metal ions. They are often referred to as chelants or sequestering agents. These substances can bind to metal ions and stop any undesirable reactions. Chelating compounds are used in various fields, including water treatment, agriculture, pharmaceuticals, food and beverage production, pulp and paper production, and industrial and domestic cleaning. They are used to soften water, remove metal ions, stabilize formulations, increase the potency of detergents, and act as additives in various procedures.
Chelating agents are increasingly being used in emerging countries, and developments in this market include the manufacturing of bio-based chelating agents for dealing with environmental issues, the introduction of specialist chelating agents for particular uses, and the development of chelating agents based on specific biomolecules. In addition, it is anticipated that market dynamics will be significantly influenced by regulatory requirements and policies pertaining to environmental protection and water treatment. The COVID pandemic impacted value chains in the chelating agent market. However, market demand bounced back in 2021 and is expected to grow further in the coming years.
Overall, the market for chelating agents is anticipated to maintain an upward trajectory in the years to come, propelled by elements like industrialization, urbanization, and rising environmental awareness. To meet the varying needs of various industries, market participants will keep investing in research and development to introduce innovative and long-lasting chelating agents. It is also estimated that the market for chelating agents is likely to grow at a CAGR of 4.5% during 2023-28.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Type Analysis
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Non-Biodegradable and Biodegradable
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Biodegradable is anticipated to be the fastest type in the years to come.
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Application- Type Analysis
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Pulp & Paper, Cleaning, Water Treatment, Agrochemicals, Personal Care, and Others
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The cleaning application type is expected to be the fastest-growing segment in the chelating agents market in the coming years.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest market over the next five years.
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By Type
The chelating agents market is segmented into non-biodegradable and biodegradable. The biodegradable type is expected to be the fastest-growing segment in the market during the forecast period. The demand for biodegradable chelating agents is driven by several factors. Environmental regulations and policies aimed at reducing pollution and minimizing the release of hazardous substances have prompted industries to seek greener alternatives. Biodegradable chelating agents offer a sustainable solution by providing effective metal ion sequestration while minimizing the environmental impact.
Application Trends
The market is segmented into pulp & paper, cleaning, water treatment, agrochemicals, personal care, and others. The cleaning segment type is expected to be the fastest-growing application type in the market during the forecast period. Chelating agents play a vital role in improving the performance of cleaning products by sequestering metal ions and preventing their negative effects. As consumer preferences shift towards sustainable cleaning practices, the use of chelating agents in the cleaning industry is expected to continue to grow.
Regional Analysis
Asia Pacific is considered to be the largest and fastest-growing region for chelating agents in the coming years. As the Asia Pacific region continues to experience economic growth, urbanization, and increasing environmental concerns, the demand for chelating agents is expected to remain high. Countries such as China, India, Japan, South Korea, and Australia are the growth engines of the market in the Asia-Pacific region. Moreover, ongoing technological advancements and investments in research and development are likely to further strengthen the dominance of the Asia Pacific region in the chelating agents market.
The chelating agents market is segmented into the following categories:
By Type
- Non-Biodegradable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Biodegradable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Pulp & Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Cleaning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Water Treatment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Agrochemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the chelating agents market. Most of the major players are providing complete profile systems including profile seals.
- BASF SE
- Dow
- Mitsubishi Chemical Corporation
- Evonik Industries AG
- Nippon Shokubai Co., Ltd.
- Chevron Phillips Chemical Company LLC
- Eastman Chemical Company
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s chelating agents market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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