봉쇄제 시장 전망(-2030년) : 유형, 제형, 유통 채널, 최종 사용자 및 지역별 세계 분석

According to Stratistics MRC, the Global Sequestrants Market is accounted for $754.00 million in 2024 and is expected to reach $1594.96 million by 2030 growing at a CAGR of 13.3% during the forecast period. Chemical agents known as sequestrants attach themselves to metal ions and stop them from interacting with other materials. They are extensively utilized to regulate metal ion levels, avoid scaling, and improve product stability in sectors like water treatment, food processing, agriculture, and pharmaceuticals. Growing demand for effective water treatment solutions, the need to preserve food, rising agricultural productivity, and the emergence of sustainable, eco-friendly solutions in a variety of industries, especially in the food, personal care, and industrial sectors, are the main factors propelling the sequestrants market.

Market Dynamics:

Driver:

Rising demand for water treatment solutions

Sequestrants, especially those used to regulate hardness, are essential for avoiding corrosion and scale build up in boilers, water pipelines, and industrial equipment. The need for effective water treatment solutions is growing as a result of growing industrial activity, urbanization, and the growing demand for clean water. Sequestrants lower maintenance costs, improve system performance, and preserve water purity. The need for sequestrants in municipal, industrial, and agricultural applications is also being driven by the emphasis on sustainable water management and the expanding use of wastewater recycling technology.

Restraint:

Environmental concerns with synthetic sequestrants

Synthetic sequestrants, especially those that are not biodegradable, provide environmental challenges in the sequestrants market. Although many synthetic sequestrants, such phosphonates and EDTA, are useful in industrial and water treatment settings, they can linger in the environment and cause pollution. Water quality and biodiversity can be impacted when they are discharged into bodies of water because they can bind with vital metal ions and disturb aquatic ecosystems. Industries are moving toward eco-friendly and biodegradable sequestrant alternatives as environmental restrictions tighten and sustainability concerns increase. Innovation in the creation of sustainable, natural sequestrants that satisfy environmental and performance requirements is being fuelled by this trend.

Opportunity:

Growing need for eco-friendly solutions

A major factor propelling the sequestrants market is the increased need for environmentally friendly solutions as pressure mounts on enterprises to embrace sustainable practices. Conventional synthetic sequestrants, like EDTA, can be hazardous to the environment since they are not biodegradable and can upset ecosystems. These environmentally friendly substitutes perform comparably in agriculture, food preservation, and water treatment without endangering the environment. The trend toward sustainable, natural sequestrants supports global sustainability objectives and incentivizes producers to invest in and develop more ecologically friendly goods.

Threat:

Fluctuations in raw material prices

Price fluctuations for raw materials pose a problem for the sequestrants market since they affect both manufacturing costs and market stability. Phosphates, citric acid, and ethylenediaminetetraacetic acid (EDTA), three essential raw ingredients needed to make sequestrants, are susceptible to price fluctuation because of supply chain interruptions, geopolitical unrest, and shifts in industry demand. Profitability may be impacted by these price swings since they may result in increased manufacturing expenses that are passed on to customers. Unstable raw material costs can also hamper producers' capacity to offer competitive pricing in the market and interfere with long-term pricing strategies.

Covid-19 Impact

The COVID-19 epidemic affected the sequestrants market in a variety of ways. The pandemic caused supply chain disruptions and decreased demand in some industries, such as food service, but it also raised demand in other industries. For example, the need for sequestrants was spurred by the increase in demand for processed foods and beverages, especially those with extended shelf lives. Additionally, there was a greater need for sequestrants in cleaning and disinfection products as a result of the increased emphasis on cleanliness and hygiene. However, the overall effect differed depending on the region and particular application, with certain segments growing while others encountered difficulties.

The citric acid segment is expected to be the largest during the forecast period

The citric acid segment is estimated to be the largest, due to its safety, adaptability, and natural origin. It is a desirable option in many applications due to its capacity to function as an acidulant, chelating agent, and flavor enhancer. Citric acid is frequently used in the food and beverage sector to enhance the flavor, consistency, and shelf life of goods. Its organic and clean-label product choices are in line with its natural origin. Furthermore, citric acid is an environmentally favorable choice due to its non-toxicity and biodegradability, which increases its demand across a range of industries.

The agriculture segment is expected to have the highest CAGR during the forecast period

The agriculture segment is anticipated to witness the highest CAGR during the forecast period. Sequestrants are essential for extending the shelf life and quality of agricultural products. They are employed to maintain the nutritional content, colour, and flavor of fruits, vegetables, and processed foods. Sequestrants can contribute to the stability of insecticides and fertilizers, increasing their efficacy and lessening their negative effects on the environment. The usage of sequestrants in the agriculture sector is being driven by the rising demand for fresh, high-quality produce as well as the increased emphasis on sustainability and food safety.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to rapid urbanization, growing disposable incomes, and shifting dietary habits are some of the factors driving up demand for processed foods and drinks. Sequestrants are therefore becoming more and more necessary to improve the stability, quality, and shelf life of these goods. Furthermore, the region's expanding cosmetics and pharmaceutical sectors are opening up new doors for sequestrants. In order to guarantee product consistency and customer safety, sequestrants are also being adopted in response to the growing emphasis on food safety and quality requirements.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, owing to the demand for efficient stabilizers and preservatives is fuelled by the rising demand for processed foods and drinks as well as strict food safety laws. In addition, there is a greater need for natural sequestrants like citric acid as a result of consumers' growing preference for natural and organic products. Additionally, sequestrants are used extensively in North America's pharmaceutical and cosmetic sectors to improve product stability and shelf life. Collectively, these elements have led to the market for sequestrants in North America expanding significantly.

Key players in the market

Some of the key players profiled in the Sequestrants Market include BASF SE, Dow Chemical Company, Lanxess AG, Kemira Oyj, Mitsubishi Corporation RtM Japan Ltd., FMC Corporation, Tate & Lyle PLC, Cargill, Incorporated, AkzoNobel N.V., Solvay S.A., Eastman Chemical Company, Nutriad International, Shandong Xindadi Industrial Group, Morbio Group, Tosoh Corporation, GEO Specialty Chemicals, Ingredion Incorporated, Clariant AG, and Wanhua Chemical Group.

Key Developments:

In November 2023, Kemira launched a new phosphorus-free sequestrant designed for industrial water treatment applications. This product is part of their ongoing efforts to provide more environmentally friendly alternatives to traditional phosphonate-based sequestrants, meeting growing demands for sustainable water treatment solutions.

In October 2023, BASF introduced an eco-friendly chelating agent tailored for agriculture, aimed at improving nutrient uptake in crops and enhancing fertilizer efficiency.

In September 2023, FMC Corporation launched an enhanced sequestrant designed for use in the food and beverage industry, particularly in dairy products and beverages. This new sequestrant helps to maintain product stability, improve shelf life, and prevent oxidation, catering to the growing demand for clean-label ingredients in food processing.

Types Covered:

• Ethylenediaminetetraacetic Acid (EDTA)
• Citric Acid
• Phosphates
• Glutamic Acid
• Tannins and Other Organic Acids
• Other Types

Forms Covered:

• Dry
• Liquid

Distribution Channels Covered:

• Direct
• Indirect

End Users Covered:

• Water Treatment
• Food and Beverages
• Agriculture
• Detergents and Cleaners
• Pharmaceuticals
• Cosmetics & Personal Care
• Industrial Processing
• Chemicals & Petrochemicals
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Sequestrants Market, By Type

• 5.1 Introduction
• 5.2 Ethylenediaminetetraacetic Acid (EDTA)
• 5.3 Citric Acid
• 5.4 Phosphates
• 5.5 Glutamic Acid
• 5.6 Tannins and Other Organic Acids
• 5.7 Other Types

6 Global Sequestrants Market, By Form

• 6.1 Introduction
• 6.2 Dry
  • 6.2.1 Crystal
  • 6.2.2 Granular
  • 6.2.3 Powder
• 6.3 Liquid

7 Global Sequestrants Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct
• 7.3 Indirect
  • 7.3.1 Wholesale
  • 7.3.2 Online Retail
  • 7.3.3 Speciality Stores

8 Global Sequestrants Market, By End User

• 8.1 Introduction
• 8.2 Water Treatment
• 8.3 Food and Beverages
  • 8.3.1 Bakery and Confectionery
  • 8.3.2 Ready-to-Eat/ Instant Fods
  • 8.3.3 Frozen Foods
  • 8.3.4 Brewing Industry
• 8.4 Agriculture
• 8.5 Detergents and Cleaners
• 8.6 Pharmaceuticals
• 8.7 Cosmetics & Personal Care
• 8.8 Industrial Processing
• 8.9 Chemicals & Petrochemicals
• 8.10 Other End Users

9 Global Sequestrants Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 BASF SE
• 11.2 Dow Chemical Company
• 11.3 Lanxess AG
• 11.4 Kemira Oyj
• 11.5 Mitsubishi Corporation RtM Japan Ltd.
• 11.6 FMC Corporation
• 11.7 Tate & Lyle PLC
• 11.8 Cargill, Incorporated
• 11.9 AkzoNobel N.V.
• 11.10 Solvay S.A.
• 11.11 Eastman Chemical Company
• 11.12 Nutriad International
• 11.13 Shandong Xindadi Industrial Group
• 11.14 Morbio Group
• 11.15 Tosoh Corporation
• 11.16 GEO Specialty Chemicals
• 11.17 Ingredion Incorporated
• 11.18 Clariant AG
• 11.19 Wanhua Chemical Group