At 6.2% CAGR, North America Metal Scavenging Agents Market is Projected to be Worth US$ 5,130.67 million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America metal scavenging agents market was valued at US$ 3,161.75 million in 2022 and is expected to reach US$ 5,130.67 million by 2030, registering a CAGR of 6.2% from 2022 to 2030. Technological advancements and increasing investments in water treatment plants are among the critical factors attributed to drive the North America metal scavenging agents market growth.

Ongoing research and development efforts in the field of metal scavenging technologies are driving the emergence of advanced solutions poised to revolutionize metal removal processes. Innovations such as nanomaterial-based adsorbents, functionalized membranes, and hybrid sorbent systems can represent promising avenues for achieving higher efficiency, selectivity, and sustainability in metal scavenging applications. Nanomaterial-based adsorbents leverage the unique properties of nanomaterials such as high surface area, tunable surface chemistry, and enhanced reactivity to efficiently capture and remove heavy metal ions from aqueous solutions. Nanostructured materials such as nanoparticles, nanotubes, and nanofibers offer superior adsorption capacities and kinetics compared to conventional adsorbents, enabling more effective metal removal and wastewater treatment.

Functionalized membranes incorporate surface or coating modifications to impart specific metal-binding functionalities, enhancing their affinity and selectivity toward target metal ions. By integrating metal-chelating ligands or functional groups onto membrane surfaces, functionalized membranes can selectively capture and concentrate metal contaminants while allowing for efficient water permeation, enabling the development of membrane-based metal scavenging systems with improved performance and reliability. Hybrid sorbent systems combine multiple metal scavenging mechanisms such as adsorption, ion exchange, and precipitation into integrated platforms to synergistically enhance metal removal efficiency and capacity. By leveraging the complementary advantages of different sorbent materials and mechanisms, hybrid systems can overcome the limitations of individual techniques and achieve superior metal removal performance under diverse operating conditions, offering enhanced versatility and flexibility in metal scavenging applications. The advanced metal scavenging technologies hold significant promise for addressing challenges associated with heavy metal pollution in various industrial and environmental contexts. By offering higher performance, cost-effectiveness, and sustainability compared to traditional metal removal methods, these innovations are poised to revolutionize metal scavenging processes and contribute to the development of more efficient and environmentally friendly solutions for metal pollution control and remediation Thus, the growing technological advancements and research and development on metal scavenging agents such as nanomaterial based metal scavenging agents, functionalized membranes, and hybrid sorbent system, would further drive the market in future.

On the contrary, high initial investment and lack/unavailability of expertise hamper the growth of North America metal scavenging agents market.

By type, the North America metal scavenging agents market is segmented into alumina-based, carbon-based, silica-based, resin-based, and others. The others segment held 38.0% share of North America metal scavenging agents market share in 2022, amassing US$ 1,201.61 million. It is projected to garner US$ 1,866.48 million by 2030 to register 5.7% CAGR during 2022-2030.

In terms of end-use industry, the North America metal scavenging agents market is segmented into water treatment, food & beverages, pharmaceutical, oil & gas, chemicals, paper & pulp, and others. The paper & pulp segment held 30.2% share of North America metal scavenging agents market share in 2022, amassing US$ 953.75 million. It is projected to garner US$ 1,622.65 million by 2030 to register 6.9% CAGR during 2022-2030.

Based on country, the North America metal scavenging agents market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 86.9% share of North America metal scavenging agents market in 2022. It was assessed at US$ 2,746.98 million in 2022 and is likely to hit US$ 4,511.03 million by 2030, registering a CAGR of 6.4% during 2022-2030.

Key players operating in the North America metal scavenging agents market are BASF SE, Biosynth AG, Biotage AB, Fuji Silysia Chemical Ltd, Johnson Matthey Plc, Merck KGaA, SiliCycle Inc, and Supra Sciences Pvt Ltd, among others.

• In December 2023: ITM Isotope Technologies Munich signed a licensing agreement with Merck KGaA for the clinical development and commercialization of radiolabeled folate derivatives for therapeutic and diagnostic applications against folate-receptor-positive malignant tumors. The exclusive license covers all folate-receptor-positive malignant tumors. ITM is developing ITM-52, a radiopharmaceutical candidate with a folate receptor, targeting moiety.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com