Market Overview:

The global chelating agents market is characterized by phenomenal growth on account of increase in use in agriculture for making soil nutrients available and rising importance of biodegradability. As industries advance with sustainability and efficiency, demand for chelating agents remains ubiquitous in agriculture, healthcare, and water treatment. According to IMARC Group, the market size stood at USD 6.1 Billion in 2023 and with a CAGR of 3.4%, it is expected to reach USD 8.3 Billion by 2032.

Study Assumption Years:

• Base Year: 2023
• Historical Year: 2017-2022
• Forecast Year: 2024-2032

Chelating Agents Market Key Takeaways:

• The market size was valued at USD 6.1 Billion in 2023 and is expected to reach USD 8.3 Billion by 2032, growing at a CAGR of 3.4% during 2024-2032 
• Asia-Pacific dominates the market due to its expanding agricultural and industrial sectors.
• The introduction of biodegradable chelating agents is a key trend, aligning with global sustainability goals .
• The agriculture sector is a significant driver, leveraging chelating agents to improve soil nutrient absorption.
• Water treatment applications are witnessing increased adoption, driven by the need for efficient and eco-friendly solutions.
• The healthcare industry is utilizing chelating agents for medical treatments, further boosting demand.
• Rising R&D investments are fostering innovation, leading to the development of advanced chelating solutions.

Market Growth Factors:

1. Increased Demand in Agriculture:

This largest agricultural sector driving demand in chelating agents; nutrients can be made available for soil nourishment through these chelating agents. As soil fertility deficiency increases, many farmers have begun adopting chelating agents to improve crop yield and productivity. Besides, demand will keep increasing owing to the growing population and higher demand for agricultural production. There is also a growing trend toward applying biodegradable chelating agents because they are concurrent with respect to sustainable farming practices having minimum impact on the environment.

2. Technology Advancements in Water Treatment:

Chelating agents are largely used in water treatment for the purpose of displacing heavy metal contaminants from the water and for scaling prevention. With the increased emphasis on providing clean water access and high environmental regulations, industries have started to adopt next-generation chelating solutions to ensure they are not only compliant with regulations but also more effective. Innovative chelation technologies, such as eco-friendly and high-performance variants, are accelerating market expansion. Besides improving water treatment processes, these technologies are expected to reduce the ecological footprint, thus being high-in-demand across industries.

3. Expanding Applications in Healthcare:

The healthcare industry is emerging as a new, significant buyer of chelating agents, primarily for medical applications related to heavy metal poisoning and iron overload syndromes, and these agents are also being investigated for their possible use in drug delivery systems. In the future, as improvement in health infrastructure occurs worldwide, along with the increasing burden of chronic diseases, the corresponding volume of chelating agents used in medical applications will grow. This has also been further boosted by continuous R&D initiatives into developing safer, more efficacious chelating compounds.

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Market Segmentation:

Breakup by Type:

• Aminopolycarboxylic Acid (APCA): Widely used in industrial and agricultural applications for its strong chelating properties.
• Phosphates & Phosphonates: Commonly utilized in water treatment and cleaning products.
• Biodegradable Chelating Agents: Gaining popularity due to their eco-friendly nature and alignment with sustainability goals.

Breakup by Application:

• Pulp & Paper: Chelating agents are used to improve bleaching efficiency and prevent scaling.
• Household & Industrial Cleaning: Essential for enhancing cleaning performance by binding with metal ions.
• Water Treatment: Used to remove heavy metals and prevent scaling in water systems.
• Agriculture: Improves nutrient availability in soil, boosting crop yield and quality.
• Others: Includes applications in textiles, healthcare, and personal care products.

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

Recent Developments & News:

The chelating agents market has seen notable advancements, including the introduction of biodegradable variants that cater to eco-conscious consumers. Companies are focusing on R&D to develop innovative solutions for agriculture and water treatment. Additionally, the rising adoption of chelating agents in healthcare applications highlights their expanding role in medical treatments. These developments underscore the market's commitment to sustainability and innovation 

Key Players:

• BASF SE
• Akzo Nobel N.V.
• Dow Chemical Company
• Kemira Oyj
• Cargill, Incorporated
• Archer Daniels Midland Company
• Lanxess AG
• Mitsubishi Chemical Corporation

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About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.