The 2022 global market size for chelating agents stood at USD 6 billion and is projected to reach USD 8.54 billion by 2032, exhibiting a robust compound annual growth rate (CAGR) of 4% throughout the forecast period. The escalating concerns about the environment and the growing requirements across various end-use industries play pivotal roles in propelling the revenue growth of this market. Chelating agents, chemical compounds that form complexes by combining with metal ions, are instrumental in extracting metal ions from solutions, suspensions, or gas mixtures. Their widespread application spans diverse sectors, including Food & Beverage (F&B), water treatment, agriculture, and pharmaceuticals.

In the realm of water treatment, chelating compounds find extensive use in eliminating heavy metal ions from water, a practice crucial for averting environmental harm. The heightened demand for clean water, especially in developing nations, is anticipated to fuel the utilization of chelating agents in the water treatment industry. This increased application is set to contribute to the continued growth of the market.

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Competitive Landscape:

Some of the major companies included in the global chelating agents market report are:

  • BASF SE
  • Akzo Nobel N.V.
  • Evonik Industries AG
  • Kemira Oyj
  • Eastman Chemical Company
  • EDTA Solutions, LLC
  • Hydrachem Limited
  • Innospec Inc.
  • Lanxess AG

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Strategic Developments:

·         In 2021, Nouryon unveiled plans for the acquisition of Sasol's merchant triethyl aluminum (TEAL) business, a prominent global TEAL producer. This acquisition serves the strategic purpose of broadening Nouryon's product portfolio in the realm of chelating agents

·         In 2020, BASF SE entered into a collaborative partnership with Münzing, a specialist in manufacturing additives for the paper, water treatment, and metalworking sectors. The collaboration is geared towards the development and promotion of innovative chelating agents tailored for the personal care industry.

·         In the same year, Evonik Industries AG introduced a novel product line of chelating agents called TEGO® RC Silicones. These agents are specifically formulated for applications in personal care, home care, and industrial cleaning, offering enhanced stability, improved foaming, and superior cleaning performance.

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