What is Global Chelating Agents Market?
The Global Chelating Agents Market is a vast and dynamic sector that has been gaining significant attention in recent years. Chelating agents, also known as chelants, complexing, or sequestering agents, are compounds that can form several bonds to a single metal ion, making them useful in a wide range of applications. The market for these agents is global, meaning it spans across all continents and countries, with various industries contributing to its growth. The market's value was estimated at US$ 2387.8 million in 2022, and it is expected to reach US$ 2883.8 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.7% from 2023 to 2029, showcasing the market's potential for growth and profitability.
Hydroxycarboxylic Acids, Organophosphonates, Aminopolycarboxylates, Nitrilotriacetic Acid & Salts, Others in the Global Chelating Agents Market:
The Global Chelating Agents Market is segmented based on the type of chelating agents, which include Hydroxycarboxylic Acids, Organophosphonates, Aminopolycarboxylates, Nitrilotriacetic Acid & Salts, among others. Each of these types has unique properties and uses, contributing to the market's diversity. Hydroxycarboxylic Acids, for instance, are commonly used in cleaning products due to their ability to bind and remove metal ions. Organophosphonates, on the other hand, are often used in water treatment processes as they can control the concentration of metal ions in a solution. Aminopolycarboxylates are versatile chelating agents used in a variety of industries, including agriculture, textiles, and personal care. Nitrilotriacetic Acid & Salts are used in laundry detergents, while other types of chelating agents have specialized uses in specific industries.
Detergent, Water Treatment, Personal Care, Pulp & Paper, Food & Beverage, Others in the Global Chelating Agents Market:
The usage of chelating agents is widespread and varied, finding applications in several areas such as Detergent, Water Treatment, Personal Care, Pulp & Paper, Food & Beverage, among others. In the detergent industry, chelating agents are used to soften water, allowing the detergent to work more effectively. In water treatment, they are used to control metal ions in the water, improving its quality and safety. In personal care, chelating agents are used in products like shampoos and soaps to improve their stability and performance. In the pulp and paper industry, they are used to improve the efficiency of the bleaching process. In the food and beverage industry, chelating agents are used to enhance the stability and quality of the products. Other industries also utilize chelating agents for various purposes, contributing to the overall growth of the Global Chelating Agents Market.
Global Chelating Agents Market Outlook:
The Global Chelating Agents Market outlook highlights the market's growth and the key players contributing to it. In 2018, the top three companies in the market accounted for over 44% of the total revenue, indicating their significant role in the market. From a regional perspective, China, North America, and Europe are the major contributors to the market, accounting for 26.67%, 24.82%, and 25.85% of the total revenue, respectively. These regions are expected to continue their dominance in the market due to their advanced industries and high demand for chelating agents. The market's value is expected to grow at a steady pace, reaching US$ 2883.8 million by 2029, showcasing the market's potential for growth and profitability.
| Report Metric | Details |
| Report Name | Chelating Agents Market |
| Accounted market size in 2022 | US$ 2387.8 million |
| Forecasted market size in 2029 | US$ 2883.8 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, AkzoNobel, Fuyang Biotech, DuPont, Dongxiao Biotech, Kaixiang BioChem, Taihe Chem, PMP, Kemira, Innospec, Jungbunzlauer, AVA Chemicals, Roquette Freres, Langyatai, ADM, Huntsman, Qingshuiyuan, IRO Chelating, Tosoh, Unischem |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
