Green Chelates (GLDA & MGDA) Market Outlook - Supply and Demand Analysis 2024-2032

Green Chelates (GLDA & MGDA) Market

Green chelates (GLDA & MGDA) are environmentally friendly compounds designed to bind and sequester metal ions. Chelating agents work by surrounding metal ions, forming stable complexes. Unlike traditional chelating agents, which may have harmful environmental impacts, green chelates are derived from sustainable, biodegradable, and non-toxic materials.

Green chelates offer a sustainable alternative to traditional agents in cleaning products and detergents, helping companies meet sustainability goals and attract environmentally conscious consumers. In agriculture, the potential of biodegradable chelating agents in enhancing plant productivity and nutrient uptake, is being explored further, opening new opportunities for the market expansion.

Global Supply/Demand Outlook

The global green chelates (GLDA & MGDA) market stood at a volume of around 92.7 KT in 2023. The market is estimated to grow at a CAGR of 4.40% between 2024 and 2032 to reach a volume of about 136 KT by 2032. The key factors propelling the green chelates (GLDA & MGDA) market are the increasing environmental concerns and the growing demand for biodegradable and sustainable cleaning solutions, such as laundry detergents, dishwasher, and household cleaners, over chemical-based formulations.

The homecare sector is the leading consumer of green chelates (GLDA & MGDA), accounting for around 45% of the market share. This growth is driven by the increasing global demand for high performance and sustainable products to maintain the hygiene and cleanliness of homes and surrounding areas. The market is poised for continued growth, driven by the development of new and innovative chelating agents. Green chelates are increasingly being used across various industries beyond their traditional applications. As consumer awareness of environmental impacts rises, the demand for eco-friendly products is expected to grow.

The global capacity of green chelates (GLDA & MGDA) was about 194 KT in the year 2023. Europe holds the major share of green chelates (GLDA & MGDA) capacities, representing more than 50% of the global production capacity. Europe is followed by North America as another significant market for the product. The plant capacity utilization of green chelates (GLDA & MGDA) stood at 48% in 2023.

Regional Market Analysis

In Europe, stringent regulatory policies for diverse industries to reduce their carbon footprint contribute to the demand for non-toxic and environmentally friendly products for industrial and institutional cleaning. This is expected to enhance the significance of green chelates in the production of effective cleaning formulations that also offer a superior ecological profile.

Key Market Players

The top five players in the green chelates market are BASF SE, Nouryon, Shijiazhuang Jack Chemical Co., Ltd, Shandong Yuanlian Chemical Co., Ltd., and Lanxess. With the largest market share, BASF SE dominates the market for green chelates.

Other major manufacturers of green chelates (GLDA & MGDA) are All-plus Chemicals Co., Ltd., Aquapharm Chemicals Pvt. Ltd., and Hebei Think-do Environment Co., Ltd.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for green chelates (GLDA & MGDA) by application and region?

• What are the major types of green chelates (GLDA & MGDA) available by region?

• Which segments and regions are projected to grow at a faster pace and why in the green chelates (GLDA & MGDA) market?

• What is the nameplate capacity of green chelates (GLDA & MGDA) by region from 2018 to 2032?

• How does the plant capacity utilisation of green chelates (GLDA & MGDA) vary by region between 2018 and 2032?

• Who are the major players in the green chelates (GLDA & MGDA) market by capacity and region?

• What major plant shutdowns and expansions have occurred in the green chelates (GLDA & MGDA) market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the green chelates (GLDA & MGDA) market over the next year and quarters?

• How did export and import dynamics of green chelates (GLDA & MGDA) vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of green chelates (GLDA & MGDA) vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of green chelates (GLDA & MGDA)?

• What are the environmental considerations and regulatory impacts affecting the green chelates (GLDA & MGDA) market?

• What technological innovations are having an impact on the production and application of green chelates (GLDA & MGDA)?

• What are the key trends and innovations in the green chelates (GLDA & MGDA) market?

• What are the challenges and opportunities faced by green chelates (GLDA & MGDA) manufacturers?

• What are the potential risks and barriers to entry for new players in the green chelates (GLDA & MGDA) market?

• What strategic investments and expansions have major players made in the green chelates (GLDA & MGDA) market?

• How are geopolitical factors and international trade policies affecting the global green chelates (GLDA & MGDA) market?

• What are the price trends for green chelates (GLDA & MGDA), and how are they expected to change?

• How does the supply chain of green chelates (GLDA & MGDA) operate, and what are its key components?