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.