The Global Metal Chelates Market Size is valued at 627.07 million in 2022 and is predicted to reach 1307.47 million by the year 2031 at a 8.67% CAGR during the forecast period for 2023-2031.
Metal chelates are widely employed in various industries and domestic settings, including water treatment and agriculture. Among all applications, the use of metal chelates in agriculture has seen the most significant growth. This is followed by industrial and domestic benefits, which include detergents and cleaning supplies, pulp and paper manufacturing, textiles, and laundry and metal cleaning solutions. Also anticipated to be significant drivers of demand growth for the metal chelates business in the forecast period are growing demands for high agricultural yields and raising public awareness of crop nutrient deficiencies.
Moreover, The expansion of the global metal chelates market share is mainly due to the increased demand from the pulp and paper sectors. The mechanical pulp bleaching and chemical pulping processes in the pulp and paper industries mostly use metal chelating agents. Asia consumes most of the world's paper and paperboard, accounting for around 45% of production, followed by Europe and North America. China is a significant factor in the expansion of Asia.
Paper usage is anticipated to rise in developing nations like Brazil, Russia, India, and China. The rising demand for tissues is what is driving the demand. Another reason driving the increase in the global market share for metal chelates is the use of chelated minerals in animal feeding. Metal chelates are used in animal feed to improve bioavailability, enhance fertility and reproductive performance, increase hoof strength, and ensure stability in oxidation-reduction. This results in better nutrition for the animals. Zinc, copper, manganese, selenium, cobalt, iron, and iodine are the minerals that are most frequently used.
Recent Developments:
- In Nov 2020, BASF Care Creations is introducing a highly stable, environmentally friendly complexing agent (also known as a chelating agent) for personal care applications. It is easily biodegradable and distinguished by its superior ecological and toxicological profiles. In cosmetic goods, complexing agents are utilized to build highly stable complexes with metal ions, inactivating their harmful effects on the final formulation.
Competitive Landscape:
Some of the Metal Chelates market players are:
- Akzo Nobel N.V.
- Aries Agro Limited
- AVA Chemicals Private Limited
- BASF SE
- Chemicnova
- Deretil Agronutritional
- Farmtech Agriland Corporation
- Gujarat State Fertilizer & Chemicals
- Haifa Chemicals Ltd.
- M&M Industries
- Micromix Plant Health Limited
- Nufarm Limited
- Protex International
- Qingyuan Mutual Bio Techniques Co. Ltd.
- Shanghai Joint Hope International Trade Corporation
- Syngenta AG
- Valagro SPA
- Van Iperen International
Market Segmentation:
The Metal Chelates market is segmented on the basis of crop type, product type and application. Based on crop type, the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. Product type segment includes primary, secondary and micro nutrients. The application segment includes Soil, Foliar, Fertigation, and Others.
Based On Crop Type, The Fruits & Vegetables Segment Is Accounted As A Major Contributor In The Metal Chelates Market
The fruits and vegetable category dominates the market. The variables contribute to the rising demand for fruits and vegetables, as well as farmers' increasing awareness of the value of nutrients for these crops. Fruits and vegetables are delicate crops, and nutritional deficits in the soil can cause severe harm to them. These are boosting this segment's demand.
Foliar Segment Witnessed Growth At A Rapid Rate
The foliar segment is projected to grow at a rapid rate in the global Metal Chelates market. During the forecast period, the foliar section is anticipated to see the highest CAGR. Foliar is a simple, affordable, and efficient technique. Consequently, farmers are increasingly using foliar mode. The foliar category is seeing increasing demand.
In The Region, The Asia Pacific Metal Chelates Market Holds A Significant Revenue Share.
As nutrient product use is becoming increasingly known, Asia Pacific will control the market. In most regions of the world, there is a severe lack of boron and zinc, which has an impact on the yield and quality of crops. Today, farmers are employing more chelated micronutrients like zinc and boron as a result of their increased awareness of this fact. Increased disposable income, ongoing urbanisation, rising population, and increased consumer awareness of nutrition intake will propel the metal chelates industry into the future. Future growth in the food business will be driven by nations with strong purchasing power, like China, India, and Australia, that are also more receptive to new ideas and technologies.
Metal Chelates Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 627.07 Mn |
|
Revenue Forecast In 2031 |
USD 1,307.47 Mn |
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Growth Rate CAGR |
CAGR of 8.67% from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
|
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 |
Treatment Type, Approach, And End User |
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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; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Syngenta AG (Switzerland), Nufarm Limited (Australia) and Haifa Chemicals Limited (Israel). |
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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. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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