The latest report by IMARC Group, titled “Chelating Agents Market Report by Type (Aminopolycarboxylic Acid (APCA), Sodium Gluconate, Organophosphonate, and Others), Application (Pulp and Paper, Household and Industrial Cleaning, Water Treatment, Agrochemicals, Personal Care, and Others), and Region 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.
Specialized molecules known as chelating agents have the ability to bind with metal ions, creating stable and soluble compounds that render the metals inert and easier to handle or extract. These compounds play a vital role in numerous industrial sectors, including water purification, farming, paper production, and medical care. For example, chelating agents are used to remove toxic heavy metals and minerals from water, and in medicine, they help remove excess metal ions from the body for therapeutic purposes. In agriculture, they enhance fertilizer efficiency by facilitating better nutrient uptake. Given their versatility, chelating agents have become an essential element across various industries, providing critical support in both specialized and mainstream markets.
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Chelating Agents Market Trends and Drivers:
The market for chelating agents is experiencing significant growth, largely due to the rising need for purified water in emerging markets, which relies on these agents to remove impurities from water supplies. The healthcare sector's continuous innovations have also boosted demand for specialized chelating agents, contributing to market expansion. Moreover, the agriculture industry's rapid expansion, which relies on these agents to enhance soil fertility and crop production, is driving up adoption rates. As industries worldwide prioritize environmental sustainability, eco-friendly and biodegradable chelating agents are being developed to address both ecological concerns and industrial requirements, ultimately fueling 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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