Global Chelants Market to Grow with a CAGR of 4.15% through 2028
Growing demand of chelants in pulp and
paper industry and government initiatives to support production of chelants are
the major drivers for the Global Chelants Market.
According to TechSci Research report, “Chelants Market
–Global Industry Size, Share, Trends, Competition, Opportunity and Forecast,
2018-2028”, the Global Chelants Market stood at
USD 8.10 billion in 2022 and is anticipated to project robust growth in the forecast
period with a CAGR of 4.15% through 2028. This can be ascribed to
collaborations and partnerships among leading companies with a diverse approach
to merge the expertise of individual companies and to strengthen their position
in the market.
Chelating agents are highly versatile molecules
that possess a remarkable ability to form stable complexes with metal ions.
This unique property forms the foundation of their exceptional efficacy in
various applications, particularly in the realm of water treatment. Chelants
effectively prevent the formation of scale and corrosion in water systems,
thereby mitigating the potential risks associated with mineral deposits that
can obstruct pipelines, compromise heat transfer efficiency, and lead to system
inefficiencies. Moreover, the utilization of chelants optimizes the performance
of other water treatment chemicals by minimizing interference from metal ions,
resulting in enhanced chemical efficiency and overall treatment outcomes.
Industries relying on cooling towers are especially vulnerable to scale and
corrosion due to the heightened concentrations of metal ions in their
circulating water. By leveraging the power of chelants, these systems can be
maintained at peak performance levels while remaining cost-effective. Lastly,
chelants play a vital role in preventing mineral deposition on boiler surfaces,
leading to improved heat transfer efficiency, and prolonging the operational
lifespan of boilers. In the pulp and paper industry, chelants play a crucial
role in the pulping and bleaching processes. They are utilized to manage the
presence of metal ions, particularly calcium, magnesium, and iron, which can
have adverse effects on the efficiency and quality of pulp production. Chelants
effectively inhibit the accumulation of metal ions that can cause scaling,
reduce pulp brightness, and decrease the efficacy of chemical additives. The
pulp and paper sector is subject to rigorous environmental regulations that
necessitate reduced water consumption, chemical usage, and pollution. Chelants
assist in optimizing chemical dosing, minimizing waste, and enhancing the
sustainability of the production process. By preventing unwanted reactions
between metal ions and bleaching chemicals, chelants help maintain the quality
and consistency of pulp, resulting in higher pulp brightness and improved paper
quality. This meets the growing demand for superior products in the paper
industry. Furthermore, as sustainability becomes a central focus across
industries, the demand for chelants aligns with the principles of resource
efficiency, waste reduction, and responsible chemical usage. This positions
chelants as not only essential tools in the pulp and paper sector but also as
contributors to the broader global sustainability agenda. Governments are
allocating funds to support research and development in environmentally
friendly technologies. Chelant manufacturers and researchers are receiving
grants and incentives to explore innovative chelating agents with enhanced
biodegradability, effectiveness, and reduced toxicity. The REACH (Registration,
Evaluation, Authorization, and Restriction of Chemicals) regulations
implemented by the EU have incentivized the development of safer chelating
agents that adhere to stringent environmental and safety criteria. Furthermore,
the Chinese government's focus on environmental protection and sustainable
development has driven the widespread adoption of chelants in various
industrial processes, including textiles and agriculture. Chelants have
applications across diverse sectors, ranging from agriculture to cleaning
products to industrial processes. Collaborative efforts among manufacturers,
suppliers, end-users, and researchers foster cross-industry knowledge exchange
and adaptation.
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Chelants Market”
These collaborations facilitate the customization
of chelant formulations to meet specific industry requirements, resulting in
enhanced performance and expanded market reach. An example of a recent
collaboration involving chelants is the partnership between BASF and RiKarbon.
BASF announced an innovation partnership with RiKarbon, with a focus on
addressing future challenges in the Care Chemicals Division. While specific
details about their collaboration were not disclosed, this partnership aims to
drive innovation in the field of chelants. Another notable collaboration is
between Macrocyclics and Roche. They are collaborating on a project related to
molecular innovation for nuclear medicine, particularly focusing on lead-212
(212Pb) and novel chelate architecture for radioimmunotherapy. This
collaboration aims to advance the development of new techniques in the field of
nuclear medicine. However, decline in consumption of phosphate-based agents
is expected to slow down the growth of the market in the coming years.
Global Chelants Market segmentation is based on
Product, Application, By Company, and Region
Some
of the major companies operating in the Global Chelants Market include:
- AkzoNobel N.V.
- Archer Daniels Midland Company (ADM)
- Cargill, Incorporated
- BASF SE
- Valero Energy Corporation
- The Dow Chemical Company
- Mitsubishi Rayon Co. Ltd.
- Lanxess AG
- Tate & Lyle PLC
- Shandong IRO Chelating Chemical Co. Ltd.
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“Certain regions, particularly the Asia Pacific,
are projected to exert significant demand for chelants worldwide. The growth in
the competitive landscape and the presence of well-established companies in the
market, committed to enhancing their chelants productivity each year, are
expected to contribute to a remarkable growth of the Global Chelants Market in
the forecast period," said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based Global management consulting firm.
Global
Chelants Market By Product (Sodium gluconate, Organphosphonates, Aminopolycarboxylate,
Others), By Application (Household & industrial cleaning, Pulp & Paper,
Chemical processing, Water treatment, Agrochemicals, Consumer products, Pharmaceutical,
Others), By Region, Competition, Forecast and Opportunities, 2029 has evaluated the future growth potential of Global
Chelants Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Chelants Market.
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