PUBLISHER: Allied Market Research | PRODUCT CODE: 1140273
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140273
The global phosphonates market was valued at $0.9 billion in 2021, and is projected to reach $1.6 billion by 2031, growing at a CAGR of 5.98% from 2022 to 2031.
Phosphonate is an organophosphorous compound that is used as a strong complexing agent in bleach-containing detergents for the stabilization of active compounds by preventing catalytic decomposition over detergents due to heavy metal traces. Moreover, phosphonates are increasingly used in medicines to treat disorders associated with bone formation and calcium metabolism. In addition, they find application in a wide range of industries, including water treatment, textiles, pulp & paper, oil & gas, and agriculture.
Rise in building & construction sites near rivers as well as discharge of sewage, garbage, liquid waste of households, and industrial waste directly into lakes and rivers affect the quality of freshwater and lead to shortage in supplying fresh water to the community. Phosphonates act as effective water softeners that prevent the formation of water-insoluble precipitates and stabilize & chelate metal ions, thus inhibiting corrosion. In addition, phosphonates are a good scale inhibitor for water cooling systems that help in increasing the shelf life of water contained equipment/container. Thus, increase in adoption of phosphonate as water softeners is acts as a key growth driver of the global market. Moreover, phosphonates possesses antiviral, antibacterial, and bioactive properties such as drugs and pro-drugs that are used to design enzyme inhibitors, which drive their demand in the pharmaceutical industry. In addition, phosphonate nucleotide analogs such as tenofovir, cidofovir, and adefovir are critical antiviral medicines that are widely used to treat HIV, hepatitis B, and osteoporosis, which fosters the growth of the phosphonates market.
However, phosphonates are non-biodegradable in nature and their molecules are heavier than water, making them settle down in deep waters such as in rivers and lakes for many years, which may disturb the aquatic life. This factor hampers the growth of the phosphonates market.
On the contrary, phosphonate acts as a chelating agent and inhibits crystal growth, and scale formation in textile sector. Moreover, phosphonates are used as peroxide bleach stabilizers to stabilize the active ions developed during fabric curing process. Increase in fashion consciousness among customers across both developed and developing economies such as the U.S., China, and India has significantly boosted the growth of the fashion and textile industries, which, in turn, has encouraged textile manufacturers to focus more on enhancing the quality of fabrics where phosphonates are used for dying and textile bleaching. Thus, these factors collectively are anticipated to offer remunerative opportunities for the phosphonates market during the forecast period.
The global phosphonates market is segmented into type, application, end-use industry, and region. On the basis of type, the market is segregated into ATMP, HEDP, DTPMP, BHMT, and others. Depending on application, it is fragmented into water cleaner, scale inhibitor, bleach stabilizer, chelating agents, concrete additives, and others. By end-use industry, it is categorized into water treatment, pharmaceutical, textile, oil & gas, pulp & paper, agriculture, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the global phosphonates market include Acuro Organics Limited, Apchem, Aquapharm Chemical Pvt. Ltd., Changzhou Kewei Fine Chemicals Co., Ltd. (KWCHEM), Giovanni Bozzetto S.p.A., Lanxess, Manhar Specialities, Shandong Taihe Water Treatment Technologies Co., Ltd., Ter Hell & Co. GmbH, and Zschimmer & Schwarz Chemie GmbH. The global phosphonates market report provides in-depth competitive analysis as well as profiles of these major players.
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Key Market Segments
By Type
By Application
By End Use
By Region