Fact.MR, a leading market research and competitive intelligence provider, has published a new report projecting that the global phosphonates market will reach a valuation of USD 2.1 billion by 2033, with a robust CAGR of 6.6% from 2023 to 2033.

Phosphonates are nonvolatile organophosphorus compounds that exhibit limited solubility in organic solvents but are soluble in common alcohols and water. Their extensive use across various industries, including water treatment, pulp & paper, agriculture, oil & gas, and textiles, is expected to drive market growth significantly.

Additionally, the increasing millennial population, the adoption of Western lifestyles in both developing and developed countries, and rising fashion awareness are contributing to the expansion of the textile industry. Phosphonates play a crucial role in the textile sector, where they are employed in finishing, cleaning, and dyeing processes.

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Rapid urbanization and population growth have led to a shortage of potable water, affecting both developing and developed regions. In these economies, phosphonates are utilized as deflocculants, sludge conditioners, dispersants, chelants, antiscalants, corrosion inhibitors, and crystal growth modifiers in water treatment.

For example, a March 2021 report by the World Wildlife Fund highlights that approximately 1.1 billion people lack access to fresh water, while around 2.7 billion face water scarcity annually.

Phosphonate derivatives, such as trisodium phosphate crystalline and trisodium phosphate, are used to enhance alkalinity for brightening synthetic yarn and in fiber-reactive dyeing processes. Additionally, phosphonate derivatives like bisphosphonates are prescribed for treating osteoporosis. However, long-term use of bisphosphonates can lead to health issues such as decreased bone density, muscle pain, joint pain, and impaired kidney function. The potential health risks associated with prolonged use and the availability of alternative substances may limit the adoption of phosphonates and pose challenges for market players.

Key Takeaways from Market Study

The global market phosphonates stands at US$ 1.1 billion in 2023.
The global phosphonates market is anticipated to reach a valuation of US$ 2.1 billion by 2033-end.
The Canadian market is predicted to advance at a noticeable CAGR of 6.2% from 2023 to 2033.
Worldwide sales of phosphonates are projected to increase at a CAGR of 6.6% through 2033.
Demand for phosphonates in Germany is predicted to evolve at a CAGR of 4.6%.
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Winning Strategy

Prominent manufacturers of phosphonates are adopting different strategies, such as mergers & acquisitions to generate lucrative opportunities.

For instance,

Bisterfeld AG in October 2021 announced its acquisition of GME Chemicals for the expansion of its footprints in Asia Pacific.
Key producers of phosphonates are: Aquapharm Chemicals, Changzhou Yuanquan Hongguang Chemical, Italmatch Chemicals, Qingshuiyuan Technology, Shandong Xintai Water Treatment Technology, Yichang Kaixiang Chemical, Zeel Product, and Zaozhuang Kerui Chemicals.

Segmentation of Phosphonates Industry Research

By Type:
ATMP
HEDP
DTPMP
BHMT
Others
By Application:
Water Cleaners
Scale Inhibitors
Bleach Stabilizers
Chelating Agents
Concrete Additives
Others
By End Use:
Water Treatment
Pharmaceuticals
Textiles
Oil & Gas
Pulp and Paper
Agriculture
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Read More: https://www.factmr.com/report/phosphonates-market

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global phosphonates market for the period of 2023 to 2033. The study divulges essential insights into the market on the basis of type (ATMP, HEDP, DTPMP, BHMT, others), application (water cleaners, scale inhibitors, bleach stabilizers, chelating agents, concrete additives, others), and end use (water treatment, pharmaceuticals, textiles, oil & gas, pulp & paper, agriculture, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

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