Asia Pacific Phosphonate Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

Asia Pacific Phosphonate Market Definition

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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Asia Pacific Phosphonate Market Dynamics

Market Drivers

• Economies in the region contributing to the market - The global market was led by Asia-Pacific. The consumption of phosphonate in the region is increasing as a result of increased water demand in nations such as China, India, and Japan. The phosphonate market in China is expected to expand due to rising product demand in industries such as detergents & cleaning agents, water treatment, oil field chemicals, cosmetics, and building materials. In China, tiles and wood flooring are popular, necessitating the usage of high-quality floor cleansing products as COVID-related hygiene awareness grows. The demand for detergent and cleaning products in the country is expected to rise as a result of these trends. India is one of the world's leading producers and suppliers of detergent. In addition, the increasing penetration of washing machines in India is driving demand for fabric detergents. As a result, there has been an increase in demand for the market in India. As a result, the aforementioned factors are expected to drive the growth of the phosphonate market throughout the forecast period.

• Increasing water conservation awareness in the region, mainly in agricultural sector – 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.

• Merger and acquisitions of key players in the region – Most of the key players of phosphonate market are headquartered in Asia Pacific and there have many partnerships, mergers and acquisitions which power the market in the region. For Example - Italmatch Chemicals, a company that markets and manufactures performance additives for the oil and gas, water and process treatment, industrial lubricants, and plastics industries, purchased Chinese Jiayou Chemical, a phosphonate manufacturer, from Ecolab Inc. in March 2018. The acquisition of the complete assets and business of Jiayou Chemical Co. in China, which specialises in phosphonate sales and production. As a result of this acquisition, Italmatch Chemicals is able to grow its phosphonate production capacity and expand its global sales reach.

Market Restraints

• Covid-19 impact manufacturers and government – The advent of COVID-19 has had both a beneficial and bad impact on every industry. Firms suffer output losses as a result of the close proximity of several manufacturing units over long periods of time, especially in Asia Pacific and Europe. For example, the closure of several building sites during Covid-19 has harmed the phosphonate industry by delaying demand for construction supplies such as paints and chemicals. The pulp and paper, textile, and other manufacturing industries have all been harmed by the covid-19 outbreak. Cleaning and detergents, pharmaceuticals, and food and beverage are just a few of the industries that have benefited from the Covid-19, thanks to the government's decision to allow crucial commodities to be released during the global lockdown.

Asia Pacific Phosphonate Market Segment Analysis

By Type, the Phosphonate Market is segmented ATMP, HEDP, and DTPMP. HEDP dominates the Phosphonate Market with the market share of 52% in 2023 because HEDP provides a number of advantages over traditional scale inhibitors, including excellent dirt resistance, low pollution, easy dissolving, and synergy. It's also found in cleaning products for both industrial and home use. ATMP has the market share of 34% in 2023 due to large production in the region and large applications for detergents mainly. Amino triphosphate is a short form of amino triphosphate (methylene phosphonic acid). It's a phosphonate that's made up of nitrogen. Because of its ability to trap metal ions, ATMPs are employed in water treatment and cleaning. ATMPs are employed in numerous industries, including oil and gas, mining, and power generating. DTPMP has the market share of 14% in 2023 . 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.

By Application, the Phosphonate Market is segmented as Water Treatment, I&I Cleaner. I&I cleaner dominates the Phosphonate Market with the market share of 55% in 2023. The use of phosphonate in I&I cleansers is gaining popularity because it outperforms other standard cleaning agents in terms of cleaning outcomes. I&I cleaners based on phosphonates are good at removing a wide range of soils, including oils, greases, and particulates. Furthermore, phosphonate-based I&I cleaners are good at removing bacteria and other disease-causing microbes. Phosphonate is used in I&I cleaners in more than just the industrial and institutional sectors. In the domestic sector, phosphonate-based I&I cleansers are used to clean kitchens, bathrooms, and other areas where cleanliness is a priority. Water Treatment has the market share of 45% in 2023. Phosphonates are a group of compounds that can be employed as corrosion inhibitors, scale inhibitors, and/or dispersants in water treatment. They can guard against both acidic and basic (alkaline) environments and are effective at low concentrations. Phosphonates are utilised in boiler systems, cooling towers, and reverse osmosis systems, among other places.

The objective of the report is to present a comprehensive analysis of the Asia Pacific Phosphonate Market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Phosphonate Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Phosphonate Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Asia Pacific Phosphonate Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Phosphonate Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Phosphonate Market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Asia Pacific Phosphonate Market. The report also analyses if the Asia Pacific Phosphonate Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Phosphonate Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Phosphonate Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Phosphonate Market is aided by legal factors.

Asia Pacific Phosphonate Market Scope

Asia Pacific 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
• Zaozhuang Kerui Chemicals
• Changzhou Yuanquan Hongguang Chemical
• Yichang Kaixiang Chemical