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Phosphonates Market: In-Depth Market Research on Size, Share, and Industry Trends. Explore Growth Drivers, Technological Advancements, and Future Potential of the Market Towards 2033
Phosphonates Market
As per the report, the phosphonates market size has grown strongly in recent years. It will grow from $1.17 billion in 2023 to $1.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The phosphonates market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Construction Boom Ignites Phosphonates Market Growth
Increasing demand for phosphonates in the construction industry is expected to propel the growth of the phosphonates market going forward. Construction refers to an activity of putting together various elements to create a structure for a specific location, using a detailed design and plan. Phosphonates play a vital role in the construction industry used as concrete retarders, chelating agents, and scale inhibitors due to their versatile properties and applications, these versatile compounds find valuable use in several critical areas, where their unique properties contribute to durability, safety, and sustainability of infrastructure projects. For instance, in June 2021, according to the Stats NZ Tauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. Additionally, according to the US Census Bureau, The value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022 with a growth rate of 10.2 percent. Therefore, an increasing demand for construction activities drives the phosphonates market.
Innovative Solutions With Phosphonate Technologies To Provide Customers With Enhanced Fire Safety
Major companies operating in the phosphonates market are developing innovative products with THOR's phosphonates AFLAMMIT technologies to provide reliable services to customers. Phosphonates AFLAMMIT technologies are a specialized group of fire retardant and flame-resistant technologies that incorporate phosphonates as a key component in their formulation and play a crucial role in enhancing the fire resistance of treated substances. For instance, in July 2022, BASF, a Germany-based chemical company in partnership with THOR GmbH, a Germany-based company that offers phosphonates to provide customers with a comprehensive solution in non-halogenated flame retardant additives that would enhance the sustainability and performance for specific plastic compounds meeting stringent fire safety requirements. Customers and end-users benefit from the combined expertise in flame retardant additives, which highlights the synergistic benefits of BASF's halogen-free flame retardant Flamestab and THOR's phosphonates AFLAMMIT technologies for polyolefins, which is typically a difficult flame resistance application.
The phosphonates market covered in this report is segmented -
1) By Type: Amino Trimethylene Phosphonic Acid(ATMP), Hydroxyethylidene Diphosphonic Acid (HEDP), Diethylene Triamine Penta Methylene Phosphonic Acid(DTPMP), Bis Hexamethylene Triamine (BHMT), Other Types
2) By Application: Water Cleaners, Scale Inhibitors, Bleach Stabilizer, Chelating Agents, Concrete Additives, Other Applications
3) By End User: Water Treatment, Pharmaceutical, Textiles, Oil And Gas, Pulp And Paper, Agriculture, Other End Users
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Major companies operating in the phosphonates market report are Lanxess AG, Biesterfeld AG, TER Chemicals GmbH & Co. KG, Shandong Taihe Water Treatment Technologies Co. Ltd., Giovanni Bozzetto S.p.A., Zschimmer & Schwarz GmbH & Co Kg, SMC Global, Excel Industries Limited, H2Q Inc., Uniphos Chemicals Co. Ltd., Henan Qingshuiyuan Technology CO. Ltd., Changzhou Kewei Fine Chemicals Co. Ltd. , IRO Group Inc., Aquapharm Chemical Pvt. Ltd., MKS DevO Chemicals, Maxwell Additives Private Limited, Zaozhuang Kerui Chemicals Co. Ltd., Changzhou Yuanquan Hongguang Chemical Co. Ltd., CJ Chemicals LLC, Shandong Xintai Water Treatment Technology Co. Ltd., Zeel Product, Mid South Chemical Co., Bhumi Chemicals Private Limited, Acuro Organics Limited, Italmatch AWS, Yichang Kaixiang Chemical Co. Ltd.
Contents of the report:
1. Executive Summary
2. Phosphonates Market Report Structure
3. Phosphonates Market Trends And Strategies
4. Phosphonates Market - Macro Economic Scenario
5. Phosphonates Market Size And Growth
…..
27. Phosphonates Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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