Chelating agents are general-purpose materials composed of molecules that can bond with metal ions. The abilities of chelating agents used to neutralize various metal ions common in water-based formulations and processes. It prevents the spoilage and discoloration of foods and beverages caused by naturally occurring metals, improving flavor, color, texture, nutritional value, and product shelf life.
The global chelating agents market expected to increase market value by USD 16.8 billion, with substantial CAGR in the forecast period from 2020-2027. The main reason for the increase in demand for chelating agents is the acceleration of industrialization and the rise in demand in many end industries, such as textiles, detergents, pulp and paper, food and beverage, and water treatment.
The market demand for the chelating agents is driving due to their use in personal care, which reduces the sensitivity to hard water, improving the foam in soaps and shampoos. Meanwhile, extending the shelf life of the product and enhancing the stability of fragrances, oils, and water-soluble ingredients. It also used various applications and industrial use such as oil field operations, metal processing metal cleaning, geothermal system, etc. It is mainly due to the chelating agent’s properties that prevent and reduce fouling in manufacturing water and steam and extend the life of the equipment.
Moreover, the chelating agent has high selectivity and sensitivity to various metal ions, and the generated metal chelate has better stability than similar complexes. In the environmental pollution chemistry and chemical industry, it often used as complexing titrant, metal indicator, metal separating agent, antioxidant, masking agent, descaling agent, algae removing agent, flotation agent, bactericide, etc. Thus, its multiple uses in various industries fueling the market share for the global chelating agents’ market.
Furthermore, the emergence of Silybin as a new iron-chelating agent is driving the market growth. Silybin is a flavonolignan that is extracted from the fruits of Silybum marianum. The compound has high antioxidant properties and used as an iron chelator. Also, the free radical scavenging properties of Silybin have rendered it as an effective chelator. Silybin is a hepatoprotective, hypocholesterolemic, and cancer-protective agent. The compound used for treating disorders of the lungs, Central Nervous Systems (CNS), kidneys, skin, and pancreas.
The chelating agents market is propelling due to the rising demand for an environment-friendly chelating agent, such as glutamic acid diacetic acid agent used in the oil and gas wells for acid treatment. It provides a PH range with a combination of acid dissolution and chelation and also possesses the excellent ability to the calcium carbonate from carbonate rocks. Therefore, with the emerging use of the chelating agent in different industries and its useful properties, the market share of global chelating agents will grow at a bolstering rate.
The market demand for chelating agents has fueled as increasing concern for cleanliness, hygiene, and chelating agents used for separation and analysis of metal ions in water, water softening, graded precipitation, fiber dyeing, metal cleaning, flotation, and sterilization is rising. Moreover, it is frequently used for stain removal and involve simple procedure while removing heavy toxic material. Thus, the demand for the chelating agent will fuel its market share in the coming years.
The increasing pollution, industrial waste, and concerning environmental issues are raising market demand for eco-friendly chelating agents that reduces the harmful effect on the environment. The eco-friendly chelating agents such as GLDA used as a multi-purpose problem and excellent ecological and toxicological properties. It is majorly used as the household cleanser, and therefore, the consumption of green chelating agents will show a substantial increase, and its market demand will grow at the propelling rate.
Based on the type, the global chelating agents market bifurcated into Non-biodegradable, Biodegradable. The biodegradable segment is dominating with maximum share in the global chelating agents market in the forecast period. The demand for biodegradable chelating agents is rising, owing to the increasing use of personal care products, cleaners, detergents, etc. Therefore, the need to maintain hygiene, cleanliness at homes, commercial places, and workplaces fuel the market share for the biodegradable chelating agent market. Moreover, NTA, EDDS, and IDS are common chelating biodegradable agents for replacing non-biodegradable agents and mainly used for cleaning purposes, which reduces the severe environmental problems. However, there are other biodegradable agents available for metal complexation MGDA, HEIDA, etc.
Based on the application, the global chelating agents market segmented into Pulp & Paper, Cleaning, Water Treatment, Agrochemicals, Personal Care. The cleaning segment captures the largest market share for the global chelating agents market in the forecast period. It is mainly due to the increasing need for the textile and food industry’s treatment of hard water, propelling the market share for the global chelating agent market. Besides, the rising health-related problems and lifestyle changes are increasing the demand for cleaning products such as detergents, surface cleaners, all-purpose cleanser, and disinfectant. Also, the chelating agents are useful in removing disinfectants, provide antimicrobial effect, and helps in scale removal. Therefore, various benefits and features of the chelating agent will fuel the forecast period’s market demand.
Based on geography, the global chelating agents market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing global chelating agents market, accounting for the largest share. The growing industries such as personal care products, paper and pulps, and various other applications are increasing in the Asia Pacific market.
Companies such as BAS, Dow, Nouryon, Kemira Oyj, Mitsubishi Chemical Holdings Corporation, Hexion, ADM, Ascend Performance Materials, MilliporeSigma, Nippon Shokubai Co., Ltd and others are key players for global chelating agents’ market.