Global Chelating Agent Market Growth Supported by Increasing Use of Pesticides and Cleaning Products

The global market for chelating agents is estimated to be worth US$7,360.9 million by 2023. It is projected to grow at a CAGR of 5.7% from 2023 to 2033. It is expected to exceed a valuation of $12,758.3 million by the end of 2033. The market grew by 4.5% annually in 2022. demand for chelating substances Advances in water treatment operations are driven by the growing industrial sector, stringent environmental regulations, and the increasing need for clean and safe water. These substances offer practical ways to get rid of heavy metals, stop scale build-up and ensure water quality regulations are met.

Chelating agents are effective in removing heavy metals from water. With increasing industrialization and urbanization, water resources are polluted with heavy metals such as lead, mercury, cadmium and arsenic.

Heavy metals pose significant health risks to humans and the environment. Chelating agents therefore form stable complexes with these metals, allowing them to be easily removed from water during the purification process.

Chelating agents are used to prevent scale and scale formation in water treatment systems. As water is treated and circulates 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 them from forming scale, thus improving the performance and life of water treatment equipment. Recently, global awareness about the importance of clean water and its impact on human health has been rapidly increasing, and the demand for effective water resources is increasing. water purification solutions.

Chelating agents are considered valuable tools in ensuring water quality by removing impurities, heavy metals and other harmful substances.

The industrial sector, which includes manufacturing, mining and energy production, requires significant amounts of water for various processes. However, these activities often produce wastewater containing pollutants and metals. The demand for chelating agents to reduce the formation of pollutants is expected to increase by 2033.

Key Takeaways from Chelating Agent Market Research

The global chelating agent industry has witnessed a CAGR of 4.0% during the historical period from 2018-2022.
The United States market is expected to represent a growing opportunity totaling US$1,201.3 million between 2023 and 2033.
The Chinese chelating agent industry is expected to grow at a CAGR of 6.8% during the forecast period.
According to the application, the pulp and paper segment is projected to hold the lion’s share until 2033.
The major countries driving the chelating agent market are China, Germany and the United States.

“The launch of new agencies that outperform their traditional counterparts in terms of effectiveness, environmental friendliness and cost-effectiveness is a key goal for established companies. “These developments are expected to create new opportunities and support growth.” – says a leading Future Market Insights (FMI) analyst:

Competitive Environment

The chelating agent industry is expected to be dominated by a few major players, leading to a fragmented structure. In the sector, BASF SE, Solvay, Mitsubishi Chemical Corporation, Nouryon and Dow Chemical Company, Kemira, Hexion, Akzo Nobel and Innospec Inc. Leading manufacturers such as have significant market shares.

Chelating agent manufacturers are making strategic partnerships, collaborations and acquisitions in order to strengthen their market positions and expand their product portfolios. These activities will allow companies to access new technologies, improve their production capabilities and enter new geographical markets.

Chelating agent manufacturers are expanding their geographic presence to enter new markets and take advantage of the growth opportunities offered by emerging economies. This includes establishing distribution networks, opening regional offices and establishing partnerships with local players.

For example,

An innovative business specializing in environmentally friendly chelating agents is called EcoChelat Company. The company offers state-of-the-art products with an emphasis on ecology and environmentally friendly chemistry, manufactured to have minimal impact on the environment while providing high chelation performance.

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Chelating Agents Market Outlook by Category

By Product Type:

biodegradable
Non-biodegradable

By Application:

Water Purification
Agriculture
Paper and Pulp
medicines
Food and Beverage
Chemical Processing
Household and Industrial Cleaning
Oil and Gas
Others

By region:

North America
Latin America
Western Global
East Global
Central Asia
Russia and Belarus
Balkan and Baltic Countries
East Asia
South Asia and Pacific
Middle East and Africa

About Future Market Analysis (FMI)

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