The Global Green Chelates Market Size is valued at 301.98 billion in 2022 and is predicted to reach 438.78 billion by the year 2031 at a 4.3% CAGR during the forecast period for 2023-2031.
Green chelates are environmentally friendly chelating agents utilized in a variety of industries and applications. Chelates are chemical substances that surround metal ions and inhibit their precipitation or undesirable reactions, forming stable complexes. These complexes are frequently found in cleaning goods, agricultural procedures, and industrial processes.
Governments and regulatory agencies' stringent rules and ecological initiatives have aided in the adoption of green chelates. The industry has sought greener alternatives due to restrictions on the use of conventional chelating agents and the requirement to meet sustainability standards. Green chelates market dynamics are shaped by the desire for sustainable solutions, regulatory initiatives, consumer awareness, and industry demands. As businesses and industries prioritize ecologically friendly alternatives to conventional chelating agents, the market is likely to expand further.
However, the pandemic has created swings in industrial demand, with certain sectors decreasing while others were increasing. Directly affected industries, such as hospitality and automotive, may have temporarily lowered their demand for green chelates. Green chelating agents, on the other hand, have witnessed rising demand in industries such as cleaning and disinfection, healthcare, and agriculture.
Recent Developments:
- In September 2021, Nouryon began production at its newest manufacturing facility in Nin. Ningbo, China, to meet Asia's rapidly increasing polymer demand for use in Paints and Coatings, Construction, and Packaging end-markets. The Ningbo unit of the corporation includes six manufacturing facilities that produce chelating agents, as well as ethylene amines, organic peroxides, surfactants, and cellulose ethers.
Competitive Landscape:
Some of the major key players in the Green Chelates Market are:
- Actylis
- BASF SE
- Evonik Personal Care
- Innospec
- NIPPON SHOKUBAI CO., LTD
- Nouryon
- Peptech Biosciences Ltd.
Market Segmentation:
The Green Chelates Market is segmented on the basis of type and application. Based on type, the market is segmented as Sodium Gluconate, Ethylenediamine-N, N’-succinic acid (EDDS), L-glutamic acid N, N-diacetic acid (GLDA), Methyl glycindiacetic acid (MGDA), and Others (Sodium Iminodisuccinate, etc.). By application, the market is segmented into disinfectant formulations, cosmetics/ personal care products formulation, pharmaceutical products formulations, cleaning solutions formulation, laundry detergents formulation, pulp and paper production, agrochemicals production, food processing, and water treatment. The cleaning solutions formulation is further segmented into household cleaners production, dishwasher solutions production, and industrial cleaning solutions production.
Based On Type, The Sodium Gluconate Segment Is Accounted As A Major Contributor In The Green Chelates Market.
The Sodium gluconate category is expected to hold a major share of the global Green Chelates Market in 2022. This is largely utilized in concrete admixtures for technological purposes as a set retarder and plasticizer, as well as a chelating agent for calcium and magnesium ions in commercial, institutional, and domestic cleaning products. In personal care products, sodium gluconate is utilized as a chelating agent (EDTA replacement) as well as a powerful moisturizing element. The use of sodium gluconate in food applications has expanded, such as the formulation of high-intensity sweeteners, mineral salts, and food processing equipment cleaning activities, boosting market demand.
The Cleaning Solutions Formulation Segment Witnessed Growth At A Rapid Rate
The cleaning solutions formulation segment is projected to expand at a rapid rate in the global Green Chelates Market. Green Chelates/natural chelating agents are biologically degradable compounds that are extensively used in cleaning solutions such as laundry, surface care, and household detergents. Cleaning applications are classified as domestic cleaning and industrial cleaning. Household cleaning applications include automated dishwashing, laundry detergents, hand spraying, and surface cleaning. Green Chelates/natural chelating agents are utilized in industrial cleaning applications such as mechanical dishwashing and others to remove metal ions.
In The Region, The North America Green Chelates Market Holds A Significant Revenue Share
The North America Green Chelates Market is expected to record the highest market share in terms of revenue in the near future. Many factors are expected to drive the increased use of green chelates/natural chelating agents in North America, including their readily biodegradable nature, the region's stringent environmental and water resource safety laws, the formulation process involving natural sustainable and renewable sources, and recent regional expansions.
This has significantly increased its intake of green chelates/natural chelating agents and is expected to continue in the foreseeable future. The rapid growth in the market for green chelates/natural chelating agents in the United States is due to the expanding population, increased knowledge of the benefits of utilizing green chemicals, and strict environmental laws.
Green Chelates Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 301.98 Mn |
|
Revenue Forecast In 2031 |
USD 438.78 Mn |
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Growth Rate CAGR |
CAGR of 4.3 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Actylis, BASF SE, Evonik Personal Care, Innospec, NIPPON SHOKUBAI CO., LTD, Nouryon, and Peptech Biosciences Ltd. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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