Phosphonates Market size to cross $2.2 Bn by 2032

Phosphonates Market size is projected to reach USD 2.2 billion by 2032, as per a new research report announced by Global Market Insights Inc.
 

The growing oil & gas production across developed and developing economies owing to the increasing power demand and urbanization is expected to spur the global phosphonates industry outlook. Energy companies worldwide are scaling up efforts to boost oil and gas manufacturing in order to cater to the surging energy needs worldwide.
 

Widespread industrial application scope of ATMP phosphonates to favor industry growth

The phosphonates market revenue from the ATMP product segment is estimated to cross USD 580 million by 2032. ATMP is extensively used in oil refineries and thermal power plants to prevent corrosion of metal parts and scale formation. ATMP-based phosphonates also find applications in textile and dying processes on account of their excellent chelating properties. Moreover, with the increasing focus on wastewater management and the surging demand for water treatment chemicals, the adoption of ATMP phosphonates may experience solid growth.
 

Surging demand for phosphonate bleach stabilizers in laundry detergents to foster industry development

Phosphonates market from bleach stabilizers is likely to observe gains at nearly 8% up to 2032 due to increasing requirement for functional agents in laundry and detergent products. Phosphonates are used as perborate and percarbonate stabilizers in laundry items to ensure anti-redeposition, preventing dirt from resettling on fabric and complexing. Rapid urbanization, changing lifestyles, and the growing disposable incomes have made way for improved standard of living, resulting in lucrative scope for superior-quality goods.  Moreover, the constantly escalating global population is predicted to propel the demand for laundry detergents, representing a substantial need for phosphonate bleach stabilizers, and subsequently driving the market growth.
 

Browse key industry insights spread across 603 pages with 1141 market data tables & 38 figures & charts from the report, “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”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/phosphonates-market
 

Rising demand for antiviral drugs to propel adoption of phosphonates

The pharmaceutical sector is slated to register around 10.5% CAGR between 2023 and 2032. This is mainly because a wide range of phosphonate compounds are used in making antiviral drugs, for example, bisphosphates are active drugs used in osteoporosis medications. Their ability to target affected bone areas by acting as enzyme inhibitors has added to their significant prominence in bone-degenerative disorder treatment. Additionally, the incessant need for excellent antibacterial and anticancer properties will further enhance the pharmaceutical application outlook for phosphonates.
 

Increasing oil & gas production to influence North America phosphonate industry development

North America phosphonates market size is anticipated to surpass USD 745 million by 2032 owing to the strong presence of leading crude oil producers in the U.S. and Canada. According to the Energy Information Agency (EIA), the U.S. was the largest crude oil producer in 2021. Meanwhile, the Canadian government pledged to scale up its oil and gas exports by up to 300,000 barrels per day, indicating large-scale fuel production. This scenario represents lucrative demand for chelating agents and scale inhibitors, such as phosphonates in North America. Furthermore, the growing demand across water treatment applications propelled by the increasing awareness regarding clean water will anchor the regional product adoption.
 

Strategic mergers and acquisitions to boost business outlook

Italmatch Chemicals, Shandong Taihe Water Treatment Technologies, Changzhou Kewei Fine Chemicals, Acquapharm Chemicals Pvt. Ltd, Changzhou Yuanquan Hongguang Chemicals Co. Ltd, ZEEL Product, Bozzetto Group, Excel Industries Limited, Zschimmer & Schwarz, and Manhar Specialities are some of the leading companies in the global phosphonates market. These participants are focusing on strategic mergers and acquisitions to strengthen their global presence and market position.