Metal Chelates Market size is forecast to reach $720.9 Million by 2025, after growing at a CAGR of 9.2% during 2020-2025. Metal chelates are used extensively in applications such as agriculture, industrial and household, water treatment, and others. The increasing use of metal chelates in agriculture accounts for the highest growth among all applications followed by the industrial and household which includes detergents and cleaning products, pulp and paper processing, textiles, and laundry and metal cleaning solutions. Also, increasing demand for high yield from crop production and rising awareness about nutrient deficiencies in crops are thus expected to be key factors driving growth in the demand for the growth of metal chelates industry in the forecast era.
Metal Chelates Market Segment Analysis - By Type
Micronutrient is widely used in Metal Chelates Market. Micronutrients are essential irreplaceable nutrients, which play an important role in Agriculture, as this helps to increase yield and enhance the quality of products. Plants use these elements in very small quantities and these nutrients are effectively supplied by complexes containing chelated compounds such as Ethylenediaminetetraacetic acid (EDTA), Diethylenetriaminepentaacetic acid (DTPA), and Ethylenediamine-N, N′-bis (EDDHA). Micro-nutrients such as iron, manganese, copper, calcium is chelated easily with the metal chelates. Micronutrients are highly scarce nutrients found in soil. The micronutrients segment is projected to drive the market for metal chelates during the forecast period with a rising population and increasing awareness among farmers coupled with high demand for food products.
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Metal Chelates Market Segment Analysis - Crop Type
Fruits & vegetables are widely used in Metal Chelates Market. Food-grade chelating agents offer special capabilities to the food formulators. Trace amounts of pro-oxidant metal ions, such as copper and iron, particularly catalyze degradation reactions in foods. Specifically, metal chelates catalyze and initiate flavor and color oxidation. Besides, trace metal ions cause several spoilage reactions in food and beverage and degrade both quality and shelf life. The high-purity food-grade chelate forms a stable complex with trace metal ions and prevents undesirable reactions to food spoilage. Many processed food products also suffer from spoilage reactions caused by trace metal ions which are present from raw materials, process water, and process equipment in all processed food products. Metal chelates have the chemical strength to control these ions and prevent the degradation of foods. Also, the chelating agent prevents flavor and color degradation in beverages such as soft drinks and fruit drinks. Hence due to these properties, the market is anticipated to boost in the forecast period.
Metal Chelates Market Segment Analysis - By Application
Fertigation held the largest share in the Metal Chelates Market in 2019 by growing at CAGR of 7.2% during forecast period 2020-2025. Fertigation is an application where metal chelates play an important role as it increases the efficient use of fertilizers and nutrient availability at the root level and in particular increases the mobility of potassium and phosphorus. Fertigation offers various advantages such as the frequent supply of nutrients to reduce fluctuation of nutrient concentration in soil, efficient utilization, and precise application of nutrients according to the nutritional requirements of the crop and many others. Also, a well-designed fertilization system can significantly reduce the cost of applying fertilizer and supply nutrients to the wetted irrigation zone around the tree where the active feeder roots are concentrated in precise and uniform amounts.
Metal Chelates Market Segment Analysis - Geography
The Asia Pacific held the largest share in Metal Chelates Market in 2019 with 48.9%. The Asia Pacific is expected to dominate the global metal chelates market due to the region's rising population, arable land, and soil deficient in micronutrients. The rapidly increasing population has increased food demand and forced farmers in the Asia Pacific to grow high yield crops through the use of external growth-promoting agents. The Asia Pacific is expected to hold a considerable share of the global market for metal chelates. According to India Brand Equity Foundation, the agriculture sector in India is expected to generate better momentum in the next few years due to increased investments in agricultural infrastructure such as irrigation facilities, warehousing, and cold storage. Also, the increasing use of genetically modified crops is likely to improve Indian farmers' yields. The high growth in the APAC market for metal chelates is a result of a rapidly rising population, availability of arable land, and zinc-deficient soils in China and India.
Metal Chelates Market Drivers
Increasing use of metal chelates agent in the pulp & paper industry
Metal chelates are important processing additives in the pulp and paper industry. With the emergence of the e-commerce sector, there is a rapid increase in the demand for paper packaging, which in turn would stimulate the market demand in recent years. The use of metal chelates results in lower bleaching cost which is achieved by improved bleach ability of pulp or better control of metal ion catalyzed bleach degradation reactions. Metal chelates contribute to lower bleaching efficiencies by catalyzing the decomposition of hydrogen peroxide. Also, the use of chelating agents in the pulp and paper industry has drastically increased due to the use of elemental chlorine in pulp bleaching and the implementation of bleaching sequences utilizing oxygen-based chemicals and chlorine dioxide. An increase in demand for graphic and tissue papers will propel the growth of the pulp & paper industry in the forecast period.
Rising demand for high quality and greater crop yields
Owing to the insufficient supply of nutrients to the crops there would be an increase in the developing countries, resulting in lower yield crops leading to lower final crop quality among consumers. This is ever more important as the rising world population reduces the amount of arable land for food production, necessitating the cultivation of poor soils. According to the report published by Food and Agriculture Organization (FAO), the land equipped for irrigation is expected to enhance by 32 million ha that is 11%, whereas harvested irrigated land is expected to expand by 17% by 2050. The application of chelated fertilizer, therefore, improves the bioavailability of micronutrients such as Iron, Manganese, Zinc, and Copper and, in turn, contributes to the productivity, nutrient content, and profitability of commercial crops.
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Metal Chelates Markets Challenges
Health effects of Chelating Agents
Chelating agents have serious, even life-threatening side effects. One of the most serious side effects of EDTA chelating agent is kidney damage and kidney failure. Another side effect has been reported in patients taking some forms of EDTA such as Anemia, Heart rhythm problems, Diabetes, Kidney problems, and many more. EDTA can harm the kidney and liver and might make kidney disease and liver disease worse. Also, Tuberculosis is an infection caused by particular bacteria in the lungs. Often the body can wall off pockets of infection, causing the infection to become inactive. The bacteria stay alive behind the scar tissue wall but they can't get out causing disease or infecting others. This cicatrix tissue often has calcium in it. EDTA can bind the calcium in the scar tissue, causing the walls to give way and release bacteria. Hence, chelating agents can hinder the growth of the market in the forecast period.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the metal chelates market. In 2019, the market of metal chelates market has been consolidated by the top five players accounting for xx% of the share. Major players in the metal chelates market are BASF SE, The DOW Chemical Company, Akzo Noble N.V., Nippon Shokubai Co. Ltd, Innospec, Jungbuzlauer, VAN Iperen Bv, Kemira OYJ, Adob Sp. Z O.O. Sp. K., Anil Bioplus Ltd among others.
Acquisitions/Technology Launches
In April 2019, BASF Canada has partnered with Quadra Chemicals Ltd., a leading chemical and ingredient distributor, to distribute chelated micronutrient fertilizer products in Canada.
Key Takeaways
The Asia Pacific dominates the metal chelates market due to a high proportion of agricultural lands, diverse agro-climatic conditions for the cultivation of crops and irrigation of lands, and increasing agricultural practices in this region.
Continuous exposure to non-biodegradable chelating agents including EDTA which has hazardous effects on the health and environment, which in turn might hamper the market growth over the forecast period.
Due to the COVID-19 pandemic, industries are being lockdown and also raw material is not being supplied for manufacturing goods as a result to which the market is being highly affected across the globe worldwide.
Related Reports :
A. Agricultural Chelates Market
https://www.industryarc.com/Research/Agricultural-Chelates-Market-Research-505107
B. Flax Crop Market
https://www.industryarc.com/Report/89/Global-Flax-Crop-Market.html
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