Phosphonate Market Overviews
Phosphonate Market size was valued at US$ 1.56 Bn. in 2023 and the total revenue is expected to grow at 8.5% through 2024 to 2030, reaching nearly US$ 2.76 Bn. by 2030.
Phosphonates are a category of chelating chemicals and scale forbidders that share the phosphonic acid group in their structure. Phosphonates are phosphonic acid organometallic compounds with CPO(OH) or CPO(OR) groups, where R is an alkyl or aryl group. Phosphonates, glyphosate, and ethephon, which is widely used as a plant growth regulator, are all commercially important chemicals generated from phosphonic acids. In a variety of applications, they are utilised in household and industrial cleaning solutions, personal care products, and water treatment additives. Bisphosphonates and other phosphonate derivatives are commonly used to treat osteoporosis. Phosphonate is a stable bioisotere for phosphate in medicinal chemistry, and tenofovir, an antiviral nucleotide analogue, is one of the pillars of anti-HIV therapy.
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Phosphonate Market Scope and Methodology:
The increased need for water treatment and I&I cleaners in various industries such as oil and gas, food and beverage, pharmaceuticals, and others is a major factor driving the market’s growth. Furthermore, one of the primary reasons driving the growth of this market is a growing awareness among people about the necessity of water conservation. The increased need for phosphate-based fertilisers in agriculture is another factor that is projected to fuel market expansion. Phosphate fertilisers are necessary for crop production because they increase crop quality and output. Furthermore, over the projection period, the expanding construction industry and tight government requirements related water treatment would promote market expansion.
Phosphonate Market Regional Insights
Asia Pacific dominates the Phosphonate Market with the market share of 35% in 2023 as the concentration of raw components such as diethylenetriamine, phosphorous acid, phosphorus trichloride, acetic acid, and ammonium chloride can be linked to this. The presence of a big number of manufacturers in the region is also helping to develop the regional market. North America has the market share of 26% in 2023 because of the medical sector’s considerable R&D and adoption of modern technology. Europe has the market share of 24% in 2023 as a result of increased demand from the chemical and medical sectors in Europe. South America has the market share of 9% followed by middle east & Africa with the market share of 6% in 2023.
PhosphonateMarket Segmentation
By Type, the Phosphonate Market is segmented ATMP, HEDP, DTPMP. HEDP dominates the Phosphonate Market with the market share of 52% in 2023 because of its wide applications and hence, highest demand in the market. Hydroxyethylidene Diphosphonic acid (HEDP) is a phosphonate utilised in water treatment and cleaning applications as a chelating agent, scale inhibitor, and corrosion inhibitor. Boiler, cooling, and reverse osmosis water treatment; metalworking; textile processing; and oilfield applications are just a few of the industries that use HEDP. It’s also a component of cleansers and detergents for both industrial and domestic use. ATMP has the market share of 31% in 2023 as Aminotriphosphate is an acronym for Aminotriphosphate (methylene phosphonic acid). It’s a type of phosphonate that has nitrogen in its structure. ATMPs are known for their ability to trap metal ions, making them excellent for use in water treatment and cleaning. A wide range of industries, including oil and gas, mining, and power generating, use ATMPs. DTPMP has the market share of 17% in 2023 as DTPMP is an organic molecule that is a phosphonate salt. It’s utilised in water treatment as a chelating agent, scale inhibitor, and corrosion inhibitor. DTPMP is available as a white powder or granules on the market. It has a harsh flavour and is water insoluble. DTPMP degrades in water to produce orthophosphate. Boiler water, cooling water, and wastewater treatment all use DTPMP. It’s also utilised in reverse osmosis systems as a scale inhibitor. For the treatment of process water, DTPMP is utilised in the paper and textile industries.
Phosphonate Market Key Players
Italmatch Chemicals
Aquapharm Chemicals
Zeel Product
Qingshuiyuan Technology
Shandong Taihe Water Treatment Technologies
Jianghai Environmental Protection
WW Group
Changzhou Kewei Fine Chemicals
Excel Industries
Manhar Specaalities
Shandong Xintai Water Treatment Technology
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Key questions answered in the Phosphonate Market are:
- What is Phosphonate ?
- What was the Phosphonate market size in 2023?
- What is the growth rate of the Phosphonate Market?
- Which are the factors expected to drive the Phosphonate market growth?
- What are the different segments of the Phosphonate Market?
- What growth strategies are the players considering to increase their presence in Phosphonate ?
- What are the upcoming industry applications and trends for the Phosphonate Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Phosphonate Market?
- Who are the leading companies and what are their portfolios in Phosphonate Market?
- What segments are covered in the Phosphonate Market?
- Who are the key players in the Phosphonate market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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