Press release
Worldwide Phosphonates Industry, Forecasted to Reach $1.6 Billion by 2031
Allied Market Research presents an insightful report, "Phosphonates Market," offering a comprehensive analysis of market trends, key segments, regional dynamics, value chains, and competitive scenarios. In 2021, the global phosphonates industry flourished with a revenue of $0.9 billion, poised for remarkable growth to hit $1.6 billion by 2031 at a compelling CAGR of 5.98% from 2022 to 2031.Key Report Insights:
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Drivers, Restraints, and Opportunities:
The burgeoning global population and rapid urbanization have intensified the demand for potable water, driving the phosphonates market. The textile sector's growth, fueled by increased fashion consciousness and the adoption of western culture, has further propelled phosphonates demand. However, health concerns related to the prolonged use of bisphosphonates have presented challenges. On the flip side, the surge in disease severity and the pharmaceutical industry's expansion offer promising opportunities.
Key Market Players:
ACURO ORGANICS LIMITED
APCHEM
Aquapharm Chemical Pvt. Ltd.
Changzhou Kewei Fine Chemicals Co., Ltd. (KWCHEM)
Giovanni Bozzetto S.p.A.
Lanxess
Manhar Specialities
Shandong Taihe Water Treatment Technologies Co., Ltd.
TER HELL & CO. GMBH
ZSCHIMMER & SCHWARZ CHEMIE GMBH
These market leaders employ strategies such as partnerships, expansions, collaborations, new product launches, and mergers & acquisitions to maintain their industry foothold.
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Covid-19 Impact:
The pandemic led to temporary shutdowns in construction and infrastructure activities, resulting in reduced demand for phosphonates for concrete curing. Major end users like the textile, oil and gas, pulp & paper, and other industries suffered significant losses, creating a negative impact on the phosphonates market. Prolonged lockdowns widened the gap between supply and demand, with the chemical industry experiencing a notable decline in production and profits.
Segment Insights:
HEDP Dominance: In 2021, the HEDP segment held the largest market share, accounting for over one-fourth of the global phosphonates market. It is expected to maintain this lead, driven by its excellent scale inhibition, corrosion inhibition, and complex chelating properties in various industries.
Chelating Agents to Lead: The chelating agents segment is anticipated to register the highest CAGR of 6.59% from 2022 to 2031, attributing its growth to phosphonates' role as chemical additives for various applications.
Pharmaceutical Sector Leadership: The pharmaceutical segment dominated in 2021, holding over one-fifth of the market. It is projected to continue its dominance, given the proven pharmacological utility of phosphonates as enzyme inhibitors.
Regional Overview:
Asia-Pacific Dominance: In 2021, Asia-Pacific commanded nearly two-fifths of the global phosphonates market, with a robust CAGR of 6.15% anticipated during the forecast period. This growth is attributed to the rapid expansion of the pulp & paper manufacturing and textile sectors in developing countries like China and India.
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This detailed report equips stakeholders with crucial insights into changing market dynamics, aiding in informed decision-making and strategic planning.
For More Details: https://www.prnewswire.com/news-releases/phosphonates-market-to-garner-1-6-billion-globally-by-2031-at-5-98-cagr-says-allied-market-research-301597850.html
Related Reports:
Magnesium Phosphate Market : https://www.alliedmarketresearch.com/magnesium-phosphate-market-A16494
LED Phosphors Market : https://www.alliedmarketresearch.com/led-phosphors-market-A17514
Led Phosphor Market : https://www.alliedmarketresearch.com/LED-phosphor-market
Ammonium Phosphate Market : https://www.alliedmarketresearch.com/ammonium-phosphate-market-A09659
Polyphosphoric Acid Market : https://www.alliedmarketresearch.com/polyphosphoric-acid-market-A11477
Access Full Summary @ https://www.alliedmarketresearch.com/phosphonates-market-A17031
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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