Chelating Agent Market – Overview
Chelating Agent, also known as chelant, chelator or sequestering agent, are chemical compounds that react with metal ions to form a stable, water-soluble complex. Specific chelating agents bind iron, lead, or copper in the blood and can be used to treat excessively high levels of these metals. Chelating agents may also be used in the treatment of heavy metal poisoning. Chelating Agent can also form several bonds to a metal ion and prevent the metal from reacting as it would normally. The bonding to the metal ions re-organizes the ions’ core structure and chemical composition. The chelators join the ends of these chain-like structures to form a stable ring, which can move easily through various environments.
The Global Chelating Agent Market is growing with the rapid pace mainly due to the burgeoning Paper & Pulp industry. Chelating Agent finds applications in industries like Medical or Pharmaceutical, Paper& Pulp and Detergent industry. Chelating Agent is used in many processes Scale removal and prevention, Water treatment and most importantly in Corrosion control to name a few. Due to which the global Chelating Agent market has seen a positive growth over the past few years and is expected to grow further continuing with the same trends during the forecast period.
According to the Market Research Future, The global market of Chelating Agent is booming and expected to gain further prominence over the forecast period. The market is forecasted to demonstrate a voluminous growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2027). The Global Chelating Agent market’s size is projected to witness heyday by 2027, with a significant expansion rate during the period 2016 to 2027.
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The Global Chelating Agent market is predominantly driven by its augmented demand in the burgeoning Paper& Pulp and Detergent industry. Paper& Pulp industry Chelating Agent is used to improve quality of the paper that leads to cutting down the cost of production. Another major application of Chelating Agent is in Water Treatment mainly for purifying the water. Growing population and depleting water reservoirs across the globe are mirroring the need to water harvesting or recycling which dictates the purification process of water and consecutively drives the demand for Chelating Agent which result in to fostering the market growth of Chelating Agent up to an extent. Moreover, factors including augmented industrialization coupled with rising urbanization is providing impetus to the growth of Chelating Agent market.
In Medical sectors, Chelating agent is mainly used in the digestion processes, both in humans and animals, in addition to transporting nutrients in plants. Chelating agents are used in boilers to dissolve common types of scale during normal operation, and provide effective online and offline scale removal in boilers. The surface active chelating agents are used as corrosion inhibitors to form insoluble surface chelates (compounds comprising of the chelating agent and the metal ion).
Even though chelating agents can be used for corrosion control, the formation of soluble chelates may provoke stimulation of a corrosion process. Uncontrolled agent application may lead to chelant corrosion. This can be prevented by applying the precise amount that does not leave residuals in the boiler.
Chelating Agent Market – Segments
Global Chelating Agent Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Form: Comprises – Aminopolycarboxylate, Phosphates & Phosphonates, and other.
Segmentation by Application: Comprises – Detergent, Cleaning agent, Plastic Additives, Ink, Medicine, Water treatment, Fertilizer, and other.
Segmentation By End User: Comprises – Healthcare, Chemicals, Water & Wastewater, Agriculture, Pharmaceuticals, and other.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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