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The metal chelates market share is expected to increase by USD 249.44 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.74%.
This metal chelates market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers metal chelates market segmentations by application (agriculture, industrial and household, water treatment, and others) and geography (APAC, North America, MEA, Europe, and South America). The metal chelates market report also offers information on several market vendors, including Akzo Nobel NV, BASF SE, Dow Inc., DuPont de Nemours Inc., Haifa Group, Israel Chemicals Ltd., Nufarm Ltd., Protex International, Syngenta AG, and Yara International ASA among others.
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The rising demand from pulp and paper industries is notably driving the metal chelates market growth, although factors such as increasing environmental impacts may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the metal chelates industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Metal Chelates Market Driver
The rising demand from pulp and paper industries is a major factor driving the global metal chelates market share growth. Metal chelating agents are predominantly used in the pulp and paper industries for the mechanical pulp bleaching and chemical pulping processes. The consumption of paper and paper board is dominated by Asia, with approximately 45% of the global production, followed by Europe and North America. China stands as a major contributor to Asia s growth. It is estimated that paper and paper board production is expected to increase by a CAGR of 2.24% during the forecast period. The consumption of paper is expected to increase in emerging countries like Brazil, Russia, India, and China. The demand is driven by the increasing demand for tissues. Hence, the increasing demand for pulp and paper globally is likely to drive the demand for metal chelates in this industry during the forecast period.
Key Metal Chelates Market Trend
The use of chelated minerals in animal nutrition is another factor supporting the global metal chelates market share growth. Metal chelates are used in animal feed to provide better nutrition by increasing bio-availability, improving fertility and reproductive performance, boost hoof strength and ensure stability in oxidation-reduction. The predominantly used minerals are zinc, copper, manganese, selenium, cobalt, iron, and iodine. Metal chelates enhance the absorption of these minerals from the feed. The metal chelates are supplemented in animal feed along with organic minerals. The production of meat, which includes beef, pork, and broiler meat, has been increasing in China in recent past years. According to the Food and Agriculture Organization (FAO), China accounted for a 48% share of the global pork production in 2019. It is estimated that the trend in the incorporation of metal chelates in animal nutrition is expected to grow during the forecast period due to the growing demand for meat.
Key Metal Chelates Market Challenge
The increasing environmental impacts will be a major challenge for the global metal chelates market share growth during the forecast period. Soil can absorb more carbon than the atmosphere, accounting for approximately 761 billion tons of carbon. EDTA, when combined with strong complexes, such as Cu- and Fe- degrades at slower rates. This results in a dangerous cycle of low carbon storage, which increases global warming and causes additional degradation of the environment. The potential to preserve carbon becomes weak, thereby increasing global warming. It is estimated that the earth's temperature is likely to increase, ranging between 34.52 F and 42.44 F by 2100. Hence, the use of metal chelates is limited due to its adverse effects on soil, which will consequently affect the global metal chelates market during the forecast period.
This metal chelates market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global metal chelates market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the metal chelates market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the metal chelates market encompasses successful business strategies deployed by the key vendors. The metal chelates market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The metal chelates market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the metal chelates market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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53% of the market's growth will originate from APAC during the forecast period. China, Japan and India are the key markets for metal chelates market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.
The growing agriculture sector will facilitate the metal chelates market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The metal chelates market share growth by the agriculture segment will be significant during the forecast period. The cumulative impact of the degradation of soil, increased modern farming practices, and the growing demand for chelated ion micronutrients are driving the global metal chelates market in the agriculture segment. The agriculture sector is growing every year to support the requirements of the exponentially growing population.
This report provides an accurate prediction of the contribution of all the segments to the growth of the metal chelates market size and actionable market insights on post COVID-19 impact on each segment.
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Metal Chelates Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.74% |
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Market growth 2021-2025 |
$ 249.44 million |
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Market structure |
Fragmented |
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YoY growth (%) |
8.54 |
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Regional analysis |
APAC, North America, MEA, Europe, and South America |
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Performing market contribution |
APAC at 53% |
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Key consumer countries |
China, US, Japan, Germany, and India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Akzo Nobel NV, BASF SE, Dow Inc., DuPont de Nemours Inc., Haifa Group, Israel Chemicals Ltd., Nufarm Ltd., Protex International, Syngenta AG, and Yara International ASA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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