Chelating Agents Market | Uses, Price, Growth, Key Players, Development Strategy, Sales Revenue and Forecast 2023
Updated on Nov 25, 2020
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Market Research Future Published a Half Cooked Research Report on “Global Chelating Agents Market Research Report - Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The Dow Chemical Company (U.S.), Huntsman Corporation (Germany), BASF SE (Germany), AkzoNobel NA (Netherlands), Kemira OYJ (Tokyo), ADM (U.S.), Sigma-Aldrich Corporation (U.S.), and Lanxess AG (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Chelating Agents Market.
Chelating Agents Market is expected to register 4.12% CAGR to reach over USD 5.6 Billion by the end of 2027.
Chelating Agents Market Overview
Chelating Agents, also known as chelant, chelator or sequestering agent, are chemical compounds that react with metal ions to form a stable, water-soluble complex. Specific Chelating Agents bind iron, lead, or copper in the blood and can be used to treat excessively high levels of these metals. Chelating Agents may also be used in the treatment of heavy metal poisoning. Chelating Agents can also form several bonds to a metal ion and prevent the metal from reacting as it would normally. The bonding to the metal ions re-organizes the ions' core structure and chemical composition. The chelators join the ends of these chain-like structures to form a stable ring, which can move easily through various environments.
The Global Chelating Agents Market is growing with the rapid pace mainly due to the burgeoning Paper & Pulp industry. Chelating Agents finds applications in industries like Medical or Pharmaceutical, Paper& Pulp and Detergent industry. Chelating Agents is used in many processes Scale removal and prevention, Water treatment and most importantly in Corrosion control to name a few. Due to which the global Chelating Agents market has seen a positive growth over the past few years and is expected to grow further continuing with the same trends during the forecast period.
According to the Market Research Future, The global market of Chelating Agents is booming and expected to gain further prominence over the forecast period. The market is forecasted to demonstrate a voluminous growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2027). The Global Chelating Agents market’s size is projected to witness heyday by 2027, with a significant expansion rate during the period 2016 to 2027.
The Global Chelating Agents market is predominantly driven by its augmented demand in the burgeoning Paper& Pulp and Detergent industry. Paper& Pulp industry Chelating Agents is used to improve quality of the paper that leads to cutting down the cost of production. Another major application of Chelating Agents is in Water Treatment mainly for purifying the water. Growing population and depleting water reservoirs across the globe are mirroring the need to water harvesting or recycling which dictates the purification process of water and consecutively drives the demand for Chelating Agents which result in to fostering the market growth of Chelating Agents up to an extent. Moreover, factors including augmented industrialization coupled with rising urbanization is providing impetus to the growth of Chelating Agents market.
In Medical sectors, Chelating Agents is mainly used in the digestion processes, both in humans and animals, in addition to transporting nutrients in plants. Chelating Agents are used in boilers to dissolve common types of scale during normal operation, and provide effective online and offline scale removal in boilers. The surface active Chelating Agents are used as corrosion inhibitors to form insoluble surface chelates (compounds comprising of the Chelating Agents and the metal ion).
Even though Chelating Agents can be used for corrosion control, the formation of soluble chelates may provoke stimulation of a corrosion process. Uncontrolled agent application may lead to chelant corrosion. This can be prevented by applying the precise amount that does not leave residuals in the boiler.
Chelating Agents Market Competitive Analysis
The global Market of Chelating Agents appears to be highly competitive and fragmented. Many large and small key players operating in the market are churning the competition to gain competitive advantage. To sustain their market position these players incorporate acquisition, collaboration, partnership, expansion, and technology launch. The Market demonstrates high growth potential which is likely to attract several new entrants in the market.
Further resulting in intensified completion. Top players are investing heavily in R&D. Manufacturers operating in the Chelating Agents Market strive to deliver the best quality, reliable and consistent pure high-quality Chelating Agents products based on innovative technologies, and best practices.
They develop a proprietary portfolio of discrete high quality products available from small bottles to drum quantities. They also strive to build the ability to tailor products with the requested specifications such as customized/bulk packaging and special requirements and the help the clients to accelerate time to market. They are committed to excellence through customer service, technical consultation and on-site coordination ensuring a quick turnaround.
Chelating Agents Market Segments
Chelating Agents Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Form: Comprises - Aminopolycarboxylate, Phosphates & Phosphonates, and other.
Segmentation by Application: Comprises - Detergent, Cleaning agent, Plastic Additives, Ink, Medicine, Water treatment, Fertilizer, and other.
Segmentation by End User: Comprises - Healthcare, Chemicals, Water & Wastewater, Agriculture, Pharmaceuticals, and other.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Chelating Agents Market Regional Analysis
Asia-pacific is expected to grow in the Chelating Agents Market with the largest market share, accounting for a voluminous hike and is expected to further grow over by 2027. China and India is expected to grow to become the largest market for Chelating Agents and expected to grow at a substantial CAGR during the forecast period . China will dominate the Chelating Agents market. North America and Europe is expected to grow at a considerable CAGR between 2016 and 2027.