Metal Chelates Market | Leading Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2021-2025
The global metal chelates market is expected to grow by $ 249.44 million, accelerating at a CAGR of over 8.74% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Metal Chelates Market: Segments and Leading Regions
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
Metal Chelates Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
Metal Chelates Market: Vendor Analysis
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Technavio has been monitoring the global Metal Chelates Market and it is expected to grow by USD 237.60 million accelerating at a CAGR of over 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Our Free Sample Report
Metal Chelates Market: Key drivers and trends to impact market growth
One of the primary factors that will trigger the growth of the metal chelates market size is the rising demand from the pulp and paper industries. Metals chelates are used in the pulp and paper industries for bleaching and pulping processes. The increase in consumption of paper in developing countries will fuel the demand for metal chelates.
The increasing use of chelated minerals in animal feeds is one of the key trends gaining traction in the metal chelates market. Metal chelates are used as a supplement in animal feeds along with organic minerals as they help to improve fertility and reproductive performance, boost hoof strength, and ensure stability in oxidation-reduction.
Metal Chelates Market: Segmentation based on Application
The agriculture application segment led the metal chelates market in recent years. Metal chelates are predominantly used to chelate micronutrients in agriculture as a result of the cumulative impact of the degradation of soil and increase in use of modern farming practices. Owing to factors such as the increasing population and the rising government spending on the agriculture sector are factors that are likely to have a positive impact on the global metal chelates market. This report provides a thorough analysis on the contribution of all the application segments to the growth of the metal chelates market size.
Metal Chelates Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at the industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report