Chelating Agents Market Size 2024 | Industry Share, Growth, Trends And Forecast 2032

The latest report by IMARC Group, titled "𝐂𝐡𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐀𝐠𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐", The global chelating agents market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.

Chelating agents are compounds adept at forming intricate structures called chelates with metal ions, pivotal across diverse sectors like agriculture, water treatment, and healthcare. Originating from the Greek "chele" for claw, the term encapsulates their binding mechanism akin to a claw grasping an object. These agents primarily function to manage and counteract the detrimental impacts of metal ions, such as corrosion, scale formation, and material degradation. In agriculture, they facilitate nutrient uptake by plants by sequestering metal ions in the soil, rendering them available to crops. Moreover, chelating agents feature prominently in detergent and cleaning product formulations, bolstering the removal of metal-based stains and hard water deposits, thereby enhancing efficacy.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/chelating-agents-market/requestsample

Chelating Agents Market Trends and Drivers:
The chelating agents market experiences significant momentum propelled by the expansion of industrial sectors, particularly in emerging economies. Key industries such as chemicals, pharmaceuticals, and food and beverage rely heavily on these agents for diverse purposes, including metal ion control and enhancing product quality. Moreover, heightened awareness regarding environmental concerns, like water pollution and soil contamination, drives an increased demand for chelating agents. These compounds play a pivotal role in water treatment, aiding in the removal of heavy metals and mitigating environmental harm. Furthermore, modern agricultural practices are increasingly adopting chelating agents to improve nutrient availability in soils, thus optimizing crop yields and enhancing nutrient uptake. The cleaning and detergent industry also heavily depends on chelating agents to enhance cleaning product performance, particularly in regions with hard water. As urbanization persists, the demand for cleaning products rises, further stimulating the chelating agents market. Concurrently, ongoing research and development endeavors have led to the introduction of more efficient and environmentally friendly chelating agents, attracting industries seeking sustainable solutions and fostering additional market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:
• Aminopolycarboxylic Acid (APCA)
• Sodium Gluconate
• Organophosphonate
• Others

Breakup by Application:
• Pulp and Paper
• Household and Industrial Cleaning
• Water Treatment
• Agrochemicals
• Personal Care
• Others

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

Competitive Landscape with Key Player:
• Akzo Nobel NV
• Archer Daniels Midland Company
• BASF SE
• Kemira Oyj
• The DOW Chemical Company

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.