Phosphonates market from metal chelators is anticipated to exhibit over 9.5% CAGR between 2023 and 2032. Phosphonate metal chelators play a crucial role in the oil & gas sectors for matrix stimulation and iron control. The increasing oil and gas application scope of phosphonate-based metal chelators can be attributed to their ability to prevent the formation of undesirable precipitates on metal surfaces and corrosion. They help improve oil recovery, while scaling removal and iron control, and are extensively used in acidizing treatments.

The use of phosphonate-based chelators is increasing to prevent the formation of undesirable precipitates on metal surfaces and further corrosion. The vital role of metal chelators in the oil & gas industry for applications including scale removal, iron control, acidizing treatment, and enhanced oil recovery will accelerate their market demand. Phosphates are a major constitute of metal chelators due to their property of forming strong complexes with transition metals, calcium, and magnesium. These chelating agents bind with metal ions facilitating the formation of stable complexes called chelate. Chelate can be isolated and removed easily, ultimately preventing the metal ion from reacting with other components present in the system.

Asia Pacific phosphonates market size is predicted to reach USD 805 million by 2032 driven by the easy availability of raw materials for facilitating large-scale production of phosphonates in the region. The growing awareness regarding wastewater treatment in developing economies of APAC will fuel the demand for effective scale inhibitors. Moreover, the influx of stringent regulations pertaining to adequate wastewater disposal and government initiatives are expected to positively influence the industry dynamics. Over the past few years, countries, such as India are witnessing a rapid influx of foreign wastewater technology companies, further enabling the nation’s efforts to reverse the impact of pollution.