Metal Scavenging Agents Market
PUBLISHED: 2023 ID: SMRC24135
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Metal Scavenging Agents Market

Metal Scavenging Agents Market Forecasts to 2030 - Global Analysis By Type (Alumina-based, Silica-based, Carbon-based, Resin-based and Other Types), Metal Type (Heavy Metals, Rare Earth Metals, Transition Metals, Radioactive Metals and Other Metal Types), Application, End User and By Geography

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Published: 2023 ID: SMRC24135

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Metal Scavenging Agents Market is accounted for $18.02 billion in 2023 and is expected to reach $29.13 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Metal scavengers are functional silica gels that are designed to react with and bind excess metal complexes. Metal scavenging agents have a wide range of applications, such as catalytic converters for aeroplane cabins, cathode materials, fuel inerting, and e-mobility. It also provides solutions for next-generation technology. Functionalized materials known as metal scavenging agents are able to investigate residual metals from waste streams or dynamic pharmaceutical improvements.

According to the United Nations, the global urban population is expected to reach 68% by 2050. This rapid urbanization is accompanied by increased industrial activities and wastewater generation, leading to higher metal pollution levels.

Market Dynamics:

Driver:

Increasing demand for high-quality products

Various industries, including electronics manufacturing, pharmaceuticals, and food and beverage, have stringent quality standards, requiring minimal metal contamination in their processes. Metal scavenging agents play a pivotal role in ensuring product quality by effectively removing trace metal impurities from raw materials, water sources, and manufacturing processes. This demand for high-quality products is amplified by consumers' growing awareness of health and safety concerns, pushing industries to maintain the highest product quality possible. As a result, the market experiences continuous growth as businesses seek efficient and reliable solutions to meet these quality requirements, fostering innovation and expansion in the industry.

Restraint:

High cost

High costs serve as a significant restraint in the metal scavenging agent market. Many effective metal scavenging agents, particularly advanced and specialised formulations, can be expensive to produce and use. Industries and applications requiring these agents may face challenges in managing operational costs, especially when using large quantities. Moreover, this cost factor can deter some businesses and municipalities from implementing efficient metal removal solutions, potentially leading to non-compliance with environmental regulations.

Opportunity:

Advancements in nanotechnology

Nanotechnology allows for the development of highly efficient and selective nonmaterial that can significantly enhance the performance of metal scavenging agents. It allows for tailored surface modifications and functionalization, making it possible to design metal-specific adsorbents for various applications. This innovation can lead to more cost-effective and environmentally friendly metal removal solutions, which is particularly important in industries such as water treatment, environmental remediation, and electronics manufacturing. As nanotechnology continues to advance, the metal scavenging agent market is well-positioned to benefit from these cutting-edge developments, offering improved efficiency and sustainability in metal ion removal processes.

Threat:

Stringent regulations

Regulations are necessary for both environmental protection and public safety, but they can also impose stricter compliance requirements and more testing requirements, which could increase the operational expenses of businesses that use metal scavenging agents. Furthermore, shifting regulatory environments may leads to more sustainable and environmentally friendly solutions, this might encourage the sector to spend money on R&D. Thus, these regulations act as a significant barrier to market expansion.

Covid-19 Impact

The Covid-19 pandemic has had a mixed impact on the metal scavenging agents market. Demand surged in certain industries while production and supply chains were disrupted in others. Metal scavenging agents became more necessary as a result of the pharmaceutical industry's rapid increase in demand. However, because of lower production and unstable economic conditions, sectors including electronics and the automotive industry noticed difficulties. Overall, the market has proven flexible, and as economies stabilise, an improvement is predicted.

The Alumina-based segment is expected to be the largest during the forecast period

The Alumina-based segment is estimated to hold the largest share. Alumina-based agents are known for their exceptional affinity for various metal ions, making them highly effective in metal removal processes. These agents are extensively used in industries such as wastewater treatment, mining, and metallurgy, where heavy metal contamination is a significant concern. Moreover, their versatility and high capacity for metal adsorption make them indispensable in applications like industrial water purification and environmental remediation. Alumina-based metal-scavenging agents play a vital role in ensuring compliance with environmental regulations and the removal of toxic metals, contributing to safer and more sustainable industrial processes and cleaner water sources.

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

The Water Treatment segment is anticipated to have lucrative growth during the forecast period. Metal scavenging agents are employed extensively in this sector to remove and control the presence of metal ions in water sources. The treatment process ensures that drinking water is safe, industrial wastewater is compliant with regulations, and environmental pollution is minimized. In addition, these agents, who can include various chelating agents, resins, and adsorbents, play a vital role in capturing heavy metals, preventing contamination, and safeguarding public health. With increasing concerns about water quality and stricter regulations, the demand for metal scavenging agents in the water treatment segment continues to grow, driving innovation and sustainability efforts in the industry.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period due to increased industrialization, environmental regulations, and growing awareness of metal pollution issues. Countries like China and India are experiencing a surge in demand for these agents as they grapple with heavy metal contamination concerns. Additionally, the region's expanding water treatment, mining, and electronics industries are driving the need for effective metal ion removal solutions. Moreover, the growing automotive, electronics, and chemical industries in the Asia Pacific region contribute to the increased demand for metal scavenging agents.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period, due to the region's cutting-edge industrial techniques and stringent environmental laws. The demand for metal scavenging agents is driven in this region by the existence of significant companies, including chemicals, pharmaceuticals, and water treatment, as well as the growing emphasis on environmental sustainability. The United States and Canada are the primary contributors to the market's expansion, with a focus on research and development to enhance the effectiveness of metal removal solutions. Additionally, the region's well-established infrastructure and technological advancements contribute to the high revenue percentage in North America.

Key players in the market

Some of the key players in the Metal Scavenging Agents Market include BASF SE, SiliCycle Inc., Prochem, Johnson Matthey, Biotage, PhosphonicS Ltd, SUEZ, Dow Chemical Company, Clariant AG, DuPont de Nemours, Inc., W. R. Grace & Co, Mitsubishi Chemical Corporation, Merck KGaA, Zeochem AG, Albemarle Corporation, Purolite Corporation, Sunresin New Materials Co., Ltd., Ecolab Inc., Solvay SA, and Samyang Corporation.

Key Developments:

In May 2023, Rio Tinto started working with two technology providers from Finland - Weeefiner and Sensmet - on mine water metal recovery. Weeefiner and Sensmet are focusing on developing water treatment solutions that would be able to recover metals from mining-impacted waters. Weeefiner and Sensmet have collaborated to resolve water treatment challenges posed by end-of-life mining sites. The development project has received funding from Rio Tinto’s sustainable water treatment challenge program.

In May 2023, researchers from the Technical University of Munich and the University of Applied Sciences highlighted the potential of biosorption as a promising eco-friendly alternative to conventional REE (rare earth elements) recovery methods.

Types Covered:
• Alumina-based
• Silica-based
• Carbon-based
• Resin-based
• Other Types

Metal Types Covered:
• Heavy Metals
• Rare Earth Metals
• Transition Metals
• Radioactive Metals
• Other Metal Types

Applications Covered:
• Water Treatment
• Pharmaceutical
• Chemical
• Food & Beverage
• Oil & Gas
• Pulp & Paper
• Electronics
• Other Applications

End Users Covered:
• Industrial
• Healthcare
• Mining
• Energy and Power
• Aerospace
• Municipal
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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 2021, 2022, 2023, 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 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 Metal Scavenging Agents Market, By Type
5.1 Introduction
5.2 Alumina-based
5.3 Silica-based
5.4 Carbon-based
5.5 Resin-based
5.6 Other Types

6 Global Metal Scavenging Agents Market, By Metal Type
6.1 Introduction
6.2 Heavy Metals
6.3 Rare Earth Metals
6.4 Transition Metals
6.5 Radioactive Metals
6.6 Other Metal Types

7 Global Metal Scavenging Agents Market, By Application
7.1 Introduction
7.2 Water Treatment
7.3 Pharmaceutical
7.4 Chemical
7.5 Food & Beverage
7.6 Oil & Gas
7.7 Pulp & Paper
7.8 Electronics
7.9 Other Applications

8 Global Metal Scavenging Agents Market, By End User
8.1 Introduction
8.2 Industrial
8.3 Healthcare
8.4 Mining
8.5 Energy and Power
8.6 Aerospace
8.7 Municipal
8.8 Other End Users

9 Global Metal Scavenging Agents 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 SiliCycle Inc.
11.3 Prochem
11.4 Johnson Matthey
11.5 Biotage
11.6 PhosphonicS Ltd
11.7 SUEZ
11.8 Dow Chemical Company
11.9 Clariant AG
11.10 DuPont de Nemours, Inc.
11.11 W. R. Grace & Co
11.12 Mitsubishi Chemical Corporation
11.13 Merck KGaA
11.14 Zeochem AG
11.15 Albemarle Corporation
11.16 Purolite Corporation
11.17 Sunresin New Materials Co., Ltd.
11.18 Ecolab Inc.
11.19 Solvay SA
11.20 Samyang Corporation

List of Tables
1 Global Metal Scavenging Agents Market Outlook, By Region (2021-2030) ($MN)
2 Global Metal Scavenging Agents Market Outlook, By Type (2021-2030) ($MN)
3 Global Metal Scavenging Agents Market Outlook, By Alumina-based (2021-2030) ($MN)
4 Global Metal Scavenging Agents Market Outlook, By Silica-based (2021-2030) ($MN)
5 Global Metal Scavenging Agents Market Outlook, By Carbon-based (2021-2030) ($MN)
6 Global Metal Scavenging Agents Market Outlook, By Resin-based (2021-2030) ($MN)
7 Global Metal Scavenging Agents Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Metal Scavenging Agents Market Outlook, By Metal Type (2021-2030) ($MN)
9 Global Metal Scavenging Agents Market Outlook, By Heavy Metals (2021-2030) ($MN)
10 Global Metal Scavenging Agents Market Outlook, By Rare Earth Metals (2021-2030) ($MN)
11 Global Metal Scavenging Agents Market Outlook, By Transition Metals (2021-2030) ($MN)
12 Global Metal Scavenging Agents Market Outlook, By Radioactive Metals (2021-2030) ($MN)
13 Global Metal Scavenging Agents Market Outlook, By Other Metal Types (2021-2030) ($MN)
14 Global Metal Scavenging Agents Market Outlook, By Application (2021-2030) ($MN)
15 Global Metal Scavenging Agents Market Outlook, By Water Treatment (2021-2030) ($MN)
16 Global Metal Scavenging Agents Market Outlook, By Pharmaceutical (2021-2030) ($MN)
17 Global Metal Scavenging Agents Market Outlook, By Chemical (2021-2030) ($MN)
18 Global Metal Scavenging Agents Market Outlook, By Food & Beverage (2021-2030) ($MN)
19 Global Metal Scavenging Agents Market Outlook, By Oil & Gas (2021-2030) ($MN)
20 Global Metal Scavenging Agents Market Outlook, By Pulp & Paper (2021-2030) ($MN)
21 Global Metal Scavenging Agents Market Outlook, By Electronics (2021-2030) ($MN)
22 Global Metal Scavenging Agents Market Outlook, By Other Applications (2021-2030) ($MN)
23 Global Metal Scavenging Agents Market Outlook, By End User (2021-2030) ($MN)
24 Global Metal Scavenging Agents Market Outlook, By Industrial (2021-2030) ($MN)
25 Global Metal Scavenging Agents Market Outlook, By Healthcare (2021-2030) ($MN)
26 Global Metal Scavenging Agents Market Outlook, By Mining (2021-2030) ($MN)
27 Global Metal Scavenging Agents Market Outlook, By Energy and Power (2021-2030) ($MN)
28 Global Metal Scavenging Agents Market Outlook, By Aerospace (2021-2030) ($MN)
29 Global Metal Scavenging Agents Market Outlook, By Municipal (2021-2030) ($MN)
30 Global Metal Scavenging Agents Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

List of Figures        
Figure 1 Global Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 2 North America Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 3 US Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 4 Canada Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 5 Mexico Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 6 Europe Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 7 Germany Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 8 UK Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 9 Italy Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 10 France Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 11 Spain Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 12 Rest of Europe Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 13 Asia Pacific Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 14 Japan Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 15 China Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 16 India Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 17 Australia Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 18 New Zealand Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 19 South Korea Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 20 Rest of Asia Pacific Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 21 South America Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 22 Argentina Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 23 Brazil Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 24 Chile Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 25 Rest of South America Metal Scavenging Agents Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 27 Saudi Arabia Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 28 UAE Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 29 Qatar Metal Scavenging Agents Market Outlook (2021-2030) ($MN)  
Figure 30 South Africa Metal Scavenging Agents Market Outlook (2021-2030) ($MN) 
Figure 31 Rest of Middle East & Africa Metal Scavenging Agents Market Outlook (2021-2030) ($MN)

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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