Chelating Agents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Chelating Agents Market is Segmented by Type (Non-Biodegradable and Biodegradable), Application (Cleaners, Pulp and Paper, Water Treatment, Agrochemical, Chemical, Food and Beverages, Pharmaceuticals, Personal Care, and Other Applications (Photography, Textile Processing)), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The report offers market size and forecasts for Chelating Agents in value (USD Million) for all the above segments.

Market Snapshot

Chelating Agents Market - Market Summary
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >4 %

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Market Overview

The Global Chelating Agents Market is projected to register a CAGR of over 4% during the forecast period (2022-2027). 

The market was negatively impacted by COVID-19 in 2020. Due to the COVID-19 outbreak in the first half of 2020, the pulp and paper industry experienced a substantial clog in its growth rate. This, in turn, unfavorably impacted the consumption of chelating agents. The market is projected to grow steadily, owing to increasing demand from the pulp and paper industry which has been striding up on the track of regaining strength since 2021.

  • Over the medium term, potential applications of chelating agents in the pulp and paper sector and wastewater treatment are some of the driving factors augmenting the growth of the market studied. Furthermore, the consumption of chelating agents in household cleaning applications is expected to witness a sharp surge with growing adaptability to hygiene practices. 
  • On the flip side, high costs associated with the raw materials as well as adverse effects of non-biodegradable chelating agents on the environment are the key factors anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the growing demand for green chelating agents in end-user industries, and the continuously expanding global pharmaceutical sector are likely to create lucrative growth opportunities for the global market soon.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period. This growth is attributed to a rise in the consumption of chelating agents with popularizing wastewater treatment measures coupled with the increase in domestic cleaning applications in the countries of this region including China, Japan, and India. Moreover, the growth in pulp and paper, food and beverages, agrochemicals, and pharmaceutical sectors is expected to stay imperative towards contributing to the bullish trend in the chelating agents market in this region.

Scope of the Report

Chelating agents, also termed as chelators, chelants, or sequestering agents, are chemical compounds that form coordinate covalent bonds with metal ions and result in stable water-soluble complexes. Their ability to bind with metals has led to their multitudinous applications in the form of corrosion inhibitors, cleaning agents in household and industrial applications, bleaching agents in the paper and pulp industry, and additives in the food and beverages sector. They also find applications in wastewater treatment, catalyzing chemical reactions, and treatment of heavy metal poisoning in the pharmaceutical sector. The chelating agents market is segmented by type, application, and geography. By type, the market is segmented into non-biodegradable and biodegradable chelating agents. By application, the market is segmented into cleaners, pulp and paper, water treatment, agrochemicals, chemicals, food and beverages, pharmaceuticals, personal care, and other applications. The report also covers the market size and forecasts for the chelating agents market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD Million).

Type
Non-biodegradable
Biodegradable
Application
Cleaners
Pulp and Paper
Water Treament
Agrochemicals
Chemical
Food and Beverages
Pharmaceuticals
Personal Care
Other Applications (Photography, Textile Processing)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Consumption of Chelating Agents in Cleaning Applications

  • The cleaners application segment accounted for a significant share in the chelating agents market in 2021. A variety of cleaning formulations are derived using chelating agents owing to their vital role in preventing interference in the cleaning process from the minerals present in hard water.
  • Apart from unobstructed cleaning, the chelating agents demonstrate many other advantages such as improving the shelf life of the products being cleaned, maintaining colour, imparting antimicrobial effects, preventing allergies from nickel or chromium, etc.
  • When used in soaps and detergents, the chelating agents facilitate the prevention of metal staining as well as premature decomposition of bleaching agents. On the other hand, the chelating agents used in making industrial cleaning solutions aid in scale and rust removal by loosening, breaking up, and dissolving insoluble salt deposits on the equipment surface.
  • The growing consciousness for hygiene maintenance in personal and surrounding spaces has stimulated many global detergent manufacturing companies to tap into the surging demand for domestic cleaning formulations. For instance,
    • In May 2022, Proctor & Gamble (P&G), the manufacturer of brands like Aerial and Tide, invested INR 200 crores in the construction of a liquid detergent manufacturing plant in Hyderabad.
    • In March 2022, Palmolive and Walmart introduced Palmolive Shake & Clean Dish Soap which works well for cutting grease on dishes and facilitates plastic waste consumption.
    • In February 2020, Procter & Gamble launched a new product line of antibacterial cleaning products, Microban 24. The product is available to customers in three different forms: a multi-purpose cleaner, a sanitizing spray, and a bathroom cleaner.
    • Henkel AG & Co. KGaA, Kao Corporation, Proctor & Gamble, and Colgate-Palmolive Company are some of the key players in the cleaning agents manufacturing market which are gaining strength with their innovative product ideas in this category and also making efforts to reduce carbon footprint by introducing renewable or biodegradable ingredients in their formulations.
  • Therefore, considering the aforementioned factors, the demand for chelating agents is expected to rise in the cleaners application segment significantly in near future.
Chelating Agents Market - Segmentation

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the worldwide market in 2021 with a significant market share and is projected to maintain its dominance during the forecast period of 2022-2027. The significantly large consumption of chelating agents in the paper and pulp sector, cleaners, wastewater treatment, agrochemicals, and pharmaceutical industry applications across the Asian countries is the primary factor driving the growth of the target industry in the Asia-Pacific.
  • The Asia-Pacific is witnessing the fastest growth in the demand for both household and industrial detergents. China and India remain the key markets influencing the demand-supply dynamics in the Asia-Pacific region. The fast-pacing industrialization has made way for the penetration of convenient and easy-to-apply cleaners in these countries. Furthermore, the dawning awareness of hygiene practices particularly after the sporadic outbreaks of COVID-19 has inculcated health consciousness among the masses which in turn has become a boon for the chelating agents market.
  • Chelating agents find wide usage in the bleaching of pulp and paper, an industry whose growth is being propelled by the rise in e-commerce activities. The paper-based flexible packaging solutions have emerged as durable and environment-friendly alternatives to conventionally used plastic packaging. The popularity of paper-based packaging has fortified the demand fundamentals for chelating agents in the pulp and paper industry.
  • In addition, the wastewater treatment in the Asia-Pacific region has gained rapid increase with tightening environmental regulations and growing preference for high-quality and safe water in day-to-day life. Rapidly growing food and beverage, pharmaceutical, chemical, and personal care sectors in China, India, and Japan with growing population size and strengthening consumer spending power are spiraling the demand for chelating agents which will further enhance the growth of the market studied.
  • According to the Economic Survey of India 2020-21, the country recorded a total food grain production of 269.65 million tons in FY 2020, up by 11.44 million tons from the production volume recorded in FY 2019. India is expected to witness robust growth of over 6% in FY 2021 in the agricultural sector and is also targeting growth in the exports of total agricultural and allied products. The growth in the agricultural sector, which accounts for 18.8% of total GVA, is expected to trigger a substantial rise in demand for chelating agents used in agrochemical formulations to enhance crop production.
  • According to India Brand Equity Foundation, the Indian e-commerce industry is likely to expand by 21.5%, reaching USD 74.8 billion, in 2022. Furthermore, the country’s e-commerce industry is expected to reach USD 350 billion by 2030. The rising trend in the e-commerce sector is expected to augment the consumption of packaging papers, which will, in turn, expand the market size of chelating agents in the country.
  • As per Japan Packaging Institute (JPI), the Japanese packaging industry was valued at JPY 6,147.7 billion in 2021, over JPY 6,010.9 billion in 2020, which is likely to enhance the demand for chelating agents in the respective application.
  • All the above-mentioned factors are likely to fuel the growth of the Asia-Pacific chelating agents market over the forecast time frame.
Chelating Agents Market - Regional Trend

Competitive Landscape

The chelating agents market is partially consolidated in nature. Some of the major players in the market include Dow, BASF SE, Nouryon, Kemira OYJ, and Mitsubishi Chemical Holdings Corporation among others (not in any particular order).

Recent Development

  • In May 2021, U.S. Food and Drug Administration expanded the label of iron-binding oral treatment Ferriprox (deferiprone) to now include patients with ages 3 and older who suffered from blood transfusion-induced iron overload caused by sickle cell disease (SCD) or other anemias.
  • In November 2020, BASF SE launched a biodegradable chelating agent, Neutrol MGDA, for personal care applications. The product is used for making stable complexes with metal ions thereby enhancing the durability and properties of the final formulation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Use of Cleaners in Households

      2. 4.1.2 Escalating Chelating Agents Consumption in the Pulp and Paper Industry

      3. 4.1.3 Growing Demand in Water Treatment Applications

    2. 4.2 Restraints

      1. 4.2.1 Volatily in Raw Material Costs

      2. 4.2.2 Environmental Risks Associated With Non-Biodegradable Chelating Agents

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Non-biodegradable

      2. 5.1.2 Biodegradable

    2. 5.2 Application

      1. 5.2.1 Cleaners

      2. 5.2.2 Pulp and Paper

      3. 5.2.3 Water Treament

      4. 5.2.4 Agrochemicals

      5. 5.2.5 Chemical

      6. 5.2.6 Food and Beverages

      7. 5.2.7 Pharmaceuticals

      8. 5.2.8 Personal Care

      9. 5.2.9 Other Applications (Photography, Textile Processing)

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ADM

      2. 6.4.2 Ascend Performance Materials

      3. 6.4.3 Ava Chemicals Pvt. Ltd.

      4. 6.4.4 BASF SE

      5. 6.4.5 Bozzetto Group

      6. 6.4.6 Chemtex Specialty Limited

      7. 6.4.7 Dow

      8. 6.4.8 Hexion

      9. 6.4.9 Kemira OYJ

      10. 6.4.10 Lanxess

      11. 6.4.11 Macrocyclics

      12. 6.4.12 Merck KGaA

      13. 6.4.13 Mitsubishi Chemical Holdings Corporation

      14. 6.4.14 Nagase & Co., Ltd.

      15. 6.4.15 Nippon Shokubai Co., Ltd.

      16. 6.4.16 Nouryon

      17. 6.4.17 Shandong IRO Chelating Chemical Co. Ltd.

      18. 6.4.18 Tate & Lyle PLC

      19. 6.4.19 Tosoh Corporation

      20. 6.4.20 Zhonglan Industry Co., Ltd.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Awareness and Demand for Green Chelating Agents

    2. 7.2 Expanding Pharmaceutical Industry

**Subject to Availability

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Frequently Asked Questions

The Chelating Agents Market market is studied from 2017 - 2027.

The Chelating Agents Market is growing at a CAGR of >4% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Dow, BASF SE, Nouryon, Kemira OYJ, Mitsubishi Chemical Holdings Corporation are the major companies operating in Chelating Agents Market.

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