With an estimated compound annual growth rate (CAGR) of around 7.00% between 2023 and 2030, the size of the global market for green chelating agents is expected to increase from its estimated value of USD 2.41 billion in 2022 to USD 4.14 billion by 2030.
Global Green Chelating Agent Market: Overview
The market for green chelating agents is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2028. Natural chelating agents, also known as green chelates, are biodegradable substances that are mostly utilized in cleaning and washing operations. These ingredients are used in detergents, laundry, home care, and surface cleaning solutions. Chelating agents have a negative impact on the environment and are not very biodegradable. Among them are heavy metals, which are extremely detrimental to soil and water. Computational tools and biotechnological techniques are used to create green chelating agents. The main application area for this sector is cleaning, which is further broken down into two types: household and industrial cleaning. In industrial cleaning, metallic ions are eliminated using green chelates or natural chelating agents in automated dishwashing machines.
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Global Green Chelating Agent Market: Growth Factors
Due to the green chelating agent's extensive use in the cleaning and household industries, the market for these products is growing quickly worldwide. Since green chelating agents are widely used in dishwashing, laundry, and surface cleaning products, an increase in housing jobs has also increased demand for them. A growing number of people and fast urbanization have led to an increase in residential construction activities, which has increased the demand for clean, well-maintained dwellings. Furthermore, the market for green chelating agents is expanding as a result of its extensive use in the manufacturing sector. To enhance the functionality and performance of machinery and equipment, it is used for cleaning. Because of its environmentally favorable qualities, it is used more frequently in manufacturing and industry.
Furthermore, due to stringent water and environmental regulations that attempt to lessen the environmental effects of dangerous chemicals, green chelating agents are highly sought after. As a result, R&D efforts for product expansion have increased. For example, BASF expanded its EcoBalanced offering in April 2021 for the industrial formulators and detergents and cleansers industry. This solution also aids in preventing food from oxidizing that has been canned. It is used in the pharmaceutical industry to stabilize formulations and antioxidants and is added to blood stored in blood banks to prevent clotting. As a result, the market is expected to rise since consumer demand for products from the food and pharmaceutical industries is rising at a faster rate. But the convenience with which traditional chelating agents can be obtained.
Global Green Chelating Agent Market: Segmentation
Green chelating agents are classified by kind, application, and region in the global market. The sodium gluconate, MGDA, EDDS, GLAD, and other segments make up the two segments of the global market for green chelating agents based on type. Water treatment, food and beverage, cleaning, personal care, and agricultural make up the market's application segment.
Global Green Chelating Agent Market: Regional Analysis
Europe is anticipated to continue to hold a leading position in the worldwide market for green chelating agents, offering substantial prospects for expansion. The FMCG sector's growing popularity and the implementation of stringent environmental regulations are the primary causes of this. In addition, a number of the region's application areas have seen a rise in demand for green chelating agents. Green chelating agents are being widely used in Germany, France, the UK, and Italy for a variety of applications, including cleaning, agriculture, food and beverage processing, and water treatment. Because of growing investments in the food and beverage and water treatment industries, North America is expected to continue as the second-largest market. In the worldwide green chelating agent market, Asia Pacific is expected to grow at a significant rate. industries' quick growth and stringent chemical usage regulations.
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Global Green Chelating Agent Market: Competitive Players
- DOW Chemical Company
- BASF SE
- Akzo Noble N.V.
- Kemira OYJ
- Nippon Shokubai Co. Ltd
- Jungbuzlauer
- Anil Bioplus Ltd
- Adob Sp. Z O.O. Sp. K.
- VAN Iperen Bv
- Innospec
Global Green Chelating Agent Market: Segment Analysis
By Type
- Sodium Gluconate
- MGDA
- EDDS
- GLAD
- Others
By Application
- Personal Care
- Cleaning
- Agriculture
- Food & Beverages
- Water Ttreatment
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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