Strategic collaborations and partnerships among key market players, research institutions, and agricultural organizations are the major driver for the Global Metal Chelates Market. 

According to TechSci Research report, “Metal Chelates Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Metal Chelates Market was valued at USD 587.49 million in 2023 and will see an impressive growth in the forecast period at a CAGR of 8.12% to 2029. This can be attributed to the awareness among individuals regarding Metal Chelates which has led to favorable market. Metal chelates are widely used in water treatment processes to remove heavy metals such as lead, cadmium, mercury, and chromium from wastewater streams.

Chelating agents form stable complexes with metal ions, preventing their precipitation and facilitating their removal through precipitation, coagulation, or filtration processes. As environmental regulations become stricter and concerns about water pollution rise, the demand for effective metal chelates for water treatment increases.

Metal chelates play a crucial role in preventing scale formation and corrosion in industrial water systems, including boilers, cooling towers, and pipelines. Chelating agents sequester metal ions that contribute to scale formation and corrosion, thereby extending the lifespan of equipment and improving operational efficiency. The use of metal chelates in scale and corrosion inhibition helps reduce maintenance costs and downtime in industrial processes.

Metal chelates are key ingredients in detergents and cleaning products used in household, institutional, and industrial settings. Chelating agents help improve the performance of detergents by sequestering metal ions present in hard water, preventing the formation of insoluble precipitates and enhancing the cleaning action. The demand for metal chelates in detergent formulations continues to grow as consumers seek more effective and environmentally friendly cleaning solutions.

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In October 2023, At the annual SEPAWA Congress and Exhibition in Berlin, Germany, Nouryon unveiled two innovative products. Among them are Berol Nexxt, a cutting-edge surfactant and versatile hydrotrope, and Dissolvine GL Premium, touted as the most concentrated GLDA-based chelating agent in the industry.

The market for metal chelates is characterized by the presence of numerous manufacturers, suppliers, and distributors operating on both regional and global scales. The fragmentation of the market results in intense competition among market players, making it challenging for individual companies to differentiate their products and capture market share effectively. Metal chelates are available in a wide range of formulations, concentrations, and applications to cater to various industries such as agriculture, water treatment, industrial processes, and consumer products.

The diverse product offerings contribute to market fragmentation, as companies compete to offer innovative solutions tailored to specific customer needs and preferences. Price competition is prevalent in the Global Metal Chelates Market, particularly among manufacturers and suppliers of commodity chelate products. Price-sensitive customers may prioritize cost savings over product quality or brand loyalty, leading to downward pressure on prices and profit margins for companies. Price competition can erode profitability and hinder investment in research, development, and quality improvement initiatives.

The Global Metal Chelates Market is segmented into Type, Crop type, Mode of Application, regional distribution, and company.

Based on its Type, Global Metal Chelates Market is segmented into Primary nutrients, Secondary nutrients, Micronutrients, Others. Secondary nutrients refer to the essential elements required by plants in relatively large quantities, but not as abundant as primary nutrients (nitrogen, phosphorus, and potassium). The secondary nutrients include calcium (Ca), magnesium (Mg), and sulfur (S).

While these nutrients are required in smaller amounts compared to primary nutrients, they are nonetheless critical for healthy plant growth and development. Metal chelates are used in agriculture to deliver micronutrients, including secondary nutrients, to plants in a form that is readily available for uptake. Metal chelates containing secondary nutrients are typically applied to crops through soil or foliar applications, depending on the specific nutrient requirements and agronomic practices.

Based on region, North America is dominating the market. North American farmers and agricultural stakeholders are highly educated and aware of the benefits of using metal chelates in crop production. Increased awareness of micronutrient deficiencies in soils and the importance of balanced nutrition has led to a higher adoption rate of metal chelates in agricultural practices across the region. Several major players in the metal chelates industry, including chemical manufacturers, agricultural input suppliers, and distributors, are headquartered or have a significant presence in North America.

The presence of these key market players, along with well-established distribution networks, facilitates the availability and accessibility of metal chelates to end-users in the region. Beyond agriculture, North America also utilizes metal chelates in various other sectors such as water treatment, healthcare, and industrial processes. The diverse applications of metal chelate contribute to sustained demand and market growth in the region.

Major companies operating in Global Metal Chelates Market are:

• BASF SE
• Akzo Nobel N.V.
• Aries Agro Limited
• Deretil Agronutritional
• Haifa Chemicals Ltd
• Nufarm Limited
• Protex International SA
• Syngenta AG
• Valagro SPA
• Van Iperen International BV

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“Metal chelates play a crucial role in agriculture by providing essential micronutrients to plants, addressing nutrient deficiencies, and promoting healthy growth and development. The Metal Chelates Market is witnessing a surge in demand in diverse sectors including agriculture, horticulture, water treatment, industrial processes, consumer products, and healthcare.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Metal Chelates Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Type (Primary nutrients, Secondary nutrients, Micronutrients, Others), By Crop type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other crops), By Mode of Application (Soil, Foliar, Fertigation, Others), By Region, and By Competition”, has evaluated the future growth potential of Global Metal Chelates Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Metal Chelates Market.

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