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Phosphonates Market - By Product (ATMP, BHMT, HEDP, DTPMP), By Function (Chemical Intermediates, Metal Chelating Agent, Scale Inhibitor, Bleach Stabilizer, Concrete Retarder), By End-use (Pharmaceutical, Textile, Construction, Agriculture) & Global Forecast, 2023 – 2032
Report ID: GMI5215
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Published Date: February 2022
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 10
Tables & Figures: 1180
Countries covered: 20
Pages: 603
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Phosphonates Market Size
Phosphonates Market size valued at USD 1 billion in 2022 and is poised to register more than 7.5% CAGR from 2023 to 2032. Increasing focus on novel wastewater management solutions will complement the business expansion.
Rising demand for water treatment chemicals is expected to positively influence the phosphonates industry outlook. In the recent past, the adoption of wastewater management and water treatment have gained significant momentum with the increasing focus on ensuring improved community health across developed and developing countries. Phosphonates are extensively deployed in water treatment processes as they possess multi-functional metal ion control agents that allow the removal of hardness, color, and odor. They also prevent fouling by metal ions as well as control corrosion and scale formation, thus calling for increasing usage in detergents, cooling water, boiler water, and cleaners at pulp mills or oil fields.
Phosphonates Market Trends
The growing concerns associated with the toxic nature could restrain the phosphonates market dynamics, specifically with respect to demand and application. Phosphonates are widely used as antiscalants and chelating agents in water treatment and pulp & paper manufacturing. The wastewater produced during these processes contains high amount of phosphonates, which when combined with the environment or aquatic system can have an adverse impact due to low biodegradability.
However, the ongoing developments in the field of enzymatic degradation of phosphonates, and the production of bisphosphonates are anticipated to help overcome the current associated challenges, adding a positive influence on the market expansion.
Phosphonates Market Analysis
Phosphonates market valuation from the HEDP product segment is estimated to exceed over USD 930 million by 2032. The surging demand for HEDP phosphonates can be attributed to its rising application potential in various industries. To illustrate, HEDP is employed as a sequestering agent across textile applications. It also plays a key role in metalworking and oil fields as a corrosion and scale inhibitor. The increasing efforts toward the desalination of water and wastewater management have propelled the demand for HEDP as a cleaning agent.
Owing to its multiple properties, HEDP is utilized in a broad spectrum of industrial applications. It is used in the formulation of RO membrane antiscalants and thermal desalination antiscalants. It has wide end-use applications in the textile, detergent, personal care, paper, and water treatment industries.
In terms of revenue, the phosphonates market from water treatment applications is projected to surpass USD 740 million by 2032. Phosphonates are widely used in combination with chemicals, such as zinc, phosphates, and nitrates for the purification of water membranes, desalination systems, and heating & cooling systems. Thus, water treatment chemicals are experiencing rising demand from power plants with surging electricity consumption driven by changing lifestyles and rapid urbanization.
The phosphonates market is further set to record significant gains from agricultural applications through 2032 with increasing adoption in fertilizers to offer excellent fungicidal properties. The growing concerns associated with agricultural losses from soilborne oomycete and foliar diseases are propelling the use of phosphonates in forestry and horticulture given their effectiveness against pythium diseases. For instance, as per estimates by WERA and NCERA, bacterial leaf streak and black chaff were the most predominant type of foliar diseases in 2020, leading to 22.9 million bushel losses.
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.
Phosphonates Market Share
Some leading companies in the global phosphonates market include:
These firms are entering strategic deals and partnerships to boost product innovation and development.
Impact of COVID-19 Pandemic
The COVID-19 crisis had a negative impact on the phosphonates market with a notable drop in demand across the oil & gas, paper & pulp, construction, and textile sectors. The emergence of the pandemic introduced unprecedented social and industrial challenges. With the fast-paced transmission of the virus, several governments worldwide implemented very strict lockdowns and social distancing norms, forcing a wide range of businesses to shut down operations. Due to supply chain disruptions, industries struggled to maintain the daily operational output, thus limiting the need for raw materials, such as phosphonates. However, the increasing R&D activities and innovations to design novel vaccines is estimated to expand the application of phosphonates in the pharmaceutical sector.
This phosphonates market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:
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