LONDON–(BUSINESS WIRE)–#AgrochemicalsandFertilizers–Technavio’s latest report on the global
metal chelates market provides an analysis of the most
important trends expected to impact the market outlook from 2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.
The global metal chelates market is expected to grow significantly
during the forecast period. The growth can be attributed to the
increasing consumption of metal chelates in the agriculture segment,
which is the largest segment of the market. Metal chelates are mostly
used in agriculture as micronutrient fertilizers for plants.
Kshama Upadhyay, a lead analyst from Technavio, specializing in research
and fertilizers sector, says, “Growing soil degradation coupled
with the growing demand from the wastewater treatment processes are the
major drivers that will boost the global metal chelates market during
the forecast period. On the other hand, increasing environmental impact
and the rise of bio-based chelating agents will be the major challenges
that may have a negative impact on the metal chelates market globally.”
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The top three emerging trends driving the global metal chelates market
according to Technavio research analysts are:
- Use of chelated minerals in animal nutrition
- Increase in demand from China
- Increasing production capacity
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Use of chelated minerals in animal nutrition
Metal chelates are used in animal feed to provide better nutrition by
increasing bio-availability, to improve 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.
“The metal chelates are supplemented in animal feed along with
organic minerals. The production of meat, which includes beef, pork, and
broiler meat, is increasing approximately by 1.1% year-over-year. China
was the largest producer of pork in 2016 with approximately 50% of the
market share,” according to Kshama.
Increase in demand from China
The governments in APAC are concentrating on improving the agricultural
sector due to the increasing population. China and India are highly
populated countries with approximately 2.70 billion people in 2016. The
governments of these countries are heavily investing in agricultural
programs to improve the production levels.
China has spent approximately USD 42.05 billion in 2016 for agricultural
transformation. This includes 20% general input subsidy on new type
farms and three subsidies which cover land fertility improvements,
subsidy for farm machinery purchases, and maintenance of high standard
fields. Improvements in the agriculture sector are likely to increase
the demand for metal chelates in the agriculture segments during the
Increasing production capacity
Due to the numerous advantages of using metal chelates in a wide range
of end-user applications, the demand is increasing year-over-year.
Hence, to meet this growing demand, key players in the global metal
chelates market are expanding the production capacities, globally.
The major goal is to provide the required chelating agents throughout
Europe and meet the demand in this region. This expansion includes
improvement of the production process and development in infrastructure.
Therefore, capacity expansions can meet the growing demand globally and
are likely to boost the global metal chelates market during the forecast
The key vendors are as follows:
- The DOW Chemical Company
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