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

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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Phosphonate Market Dynamics

• Wide applications in various industries 

Phosphate consumption is directly related to the expansion of many industries, including textiles, water purification, pulp production, and pharmaceuticals. During the projection period, the pharmaceutical sector is expected to grow at a steady rate. Because of the rise in diseases and population, there is a greater demand for antibiotics. The majority of antibiotics for urinary tract infections contain phosphonates. Furthermore, as these phosphonates are utilised in the textile sector as bleach stabilisers, changing lifestyles and fashion trends, as well as people's penchant for being trendy, are expected to boost the phosphonate market throughout the projected period. Also, the market is expected to grow as demand for phosphonate as a chelating agent and to synthesis its derivatives grows in the chemical sector. When an amine group is added to a phosphonic acid molecule, for example, the metal binding capabilities of phosphonate are increased. Phosphonates are effective water softeners that prevent water-insoluble precipitates from forming. The market is expected to benefit from the rising use of phosphonates as water softeners. The market will also benefit from the usage of phosphonates and bisphosphonates in the treatment of HIV, Hepatitis B, Sudden Oak Death, and other diseases.

 

• Growing demand for water cleaners and I&I Cleaners 

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.

 

• Covid-19 impact 

The emergence of COVID-19 has had a harmful and good impact on every industry. The proximity of diverse manufacturing units for extended periods of time, particularly in the Asia Pacific and Europe regions, resulting in output losses for firms. The closure of numerous building sites during Covid-19, for example, has slowed demand for construction materials. Similarly, the pulp and paper, textile, and other manufacturing industries have been harmed by the covid-19 outbreak. Although, cleaning and detergent, pharmaceutical, food and beverage are some of the businesses that have seen positive trends during the Covid-19, as the government has allowed needed commodities to be released throughout the global lockdown.

 

• Health and environmental concerns 

The hazardous nature of phosphonates, as well as the availability of numerous substitutes, are expected to limit market growth throughout the projection period. If not utilised with the essential safeguards, phosphonates can constitute a harm to human health to some level. Phosphates are not easily absorbed by the digestive system and are promptly excreted from the body through the faeces. Furthermore, due to the low possibility for phosphonates to accumulate in the body, its penetration through the skin is unlikely to cause harm. Furthermore, the nature of phosphonates in terms of their environmental consequences has been thoroughly investigated, revealing low biodegradability, which may limit the market need for phosphonates in the approaching years.

 

Phosphonate Market Opportunities

• Mergers and acquisitions happening in the market

There have been many mergers and acquisitions that is a big opportunity for the phosphonate market. 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, bought 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.

 

Phosphonate Market Segment Analysis

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.

 

 

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 57% 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 43% n 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.

 

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.

 

In the report, Porter’s Five Forces model is used which gives us help to design the business strategies in the market. It tells us about our competition and the buyers which are the 2 most influencing factors for our company. It tells that how buyers are will or will not gain more bargaining powers than the suppliers and also the difficulty level for another company to enter the industry or for a company to exit it.

 

 

The report also has PESTEL analysis, which gives an overview of the whole business and its strategies. Political angles help in analysing the role of govt. in the shaving industry and economics obviously influence it to the core. Social and Environmental analysis helps in understanding the future of the company and hance helps in making decisions for the future. Technological factors help in analysing the production aids that we can give to the company. And legal analysis helps in smooth functioning without any legal hindrance.

 

Phosphonate Market Scope

Phosphonate Market
Market Size in 2023	USD 1.56 Bn.
Market Size in 2030	USD 2.76 Bn.
CAGR (2024-2030)	8.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type ATMP HEDP DTPMP
	by Application Water treatment I&I Cleaner
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

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