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The global Chelating Agents Market size is projected to grow from USD 6.8 billion in 2020 to USD 8.4 billion by 2025, at a CAGR of 4.2% during the forecast period. The growth of this market can be attributed to the rising demand for cleaning formulations, such as surface cleaners, all-purpose cleaners, and disinfectants. Also, the rising demand for potable water is also anticipated to drive the growth of the chelating agents market.

Kemira Oyj (Finland) is the most active player in the chelating agents market. It accounted for the largest share of all the development activities in the chelating agents market. The company follows dynamic growth strategies, focusing on agreements, expansions, acquisitions, and investments to increase its presence in North America, Asia-Pacific, and RoW. The company acquired AkzoNobel’s paper chemical business and came into agreement with Lindstorm Oy (Finland) for its water treatment operations. The company has significantly expanded its chelating agents R&D center and production capacity in Canada and China, respectively. The expansion has strengthened the company’s presence in North America and Asia-Pacific.

BASF SE (Germany) has gained a strong foothold in the chelating agents market. It is focusing on organic growth and has enhanced its product portfolio through various growth strategies such as expansions and new product launches to meet the growing demand from customers. The company recently launched the biodegradable chelating agent, Trilon M, which is a high-performance phosphate alternative for automatic dishwashing detergents, and expanded production facilities for chelating agents at its site in Ludwigshafen, Germany, in order to fulfill the increasing demand in Europe.