Press release
Phosphonates Market Size Projected To Reach $1.85 Billion By 2034 With A Cagr Of 7.4%
Phosphonates Market
What Is the Projected Growth of the Phosphonates Market?
The size of the phosphonates market has seen significant expansion in the past few years. The market is predicted to increase from $1.27 billion in 2024 to $1.39 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The rise during the historic period can be linked to the use in water treatment, a thriving agriculture sector, industrial processes, augmentation in construction activities, and oilfield chemicals.
In the coming years, the phosphonates market is set to experience robust growth. The market is projected to hit $1.85 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.4%. This growth over the forecast period can be linked to the shift towards sustainable agriculture, the growth of industrial activities, the expansion of the construction sector, an increased attention to wastewater treatment, and higher demand in the pharmaceutical industry. The forecast period will also see certain trends, including the growth of agricultural practices, the expansion of the oil and gas industry, a spike in demand for biodegradable products, technological progress in production techniques, a growing focus on product innovation, and worldwide economic trends.
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What Are the Different Phosphonates Market Segments?
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
Subsegments:
1) By Amino Trimethylene Phosphonic Acid (ATMP): ATMP For Scale And Corrosion Inhibition, ATMP In Water Treatment, ATMP In Detergents And Cleaning Products
2) By Hydroxyethylidene Diphosphonic Acid (HEDP): HEDP In Water Treatment, HEDP For Corrosion Inhibition, HEDP In Detergents And Cleaning Agents, HEDP In Oil And Gas Industry
3) By Diethylene Triamine Penta Methylene Phosphonic Acid (DTPMP): DTPMP For Water Treatment, DTPMP As A Scale And Corrosion Inhibitor, DTPMP In Industrial And Commercial Applications
4) By Bis Hexamethylene Triamine (BHMT): BHMT For Metal Surface Treatment, BHMT In Water Treatment Systems, BHMT In Oilfield Applications
5) By Other Types: Phosphonates For Agriculture, Phosphonates In Industrial Cleaning, Phosphonates For Chemical Manufacturing
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What Are the Primary Drivers Shaping the Phosphonates Market?
The phosphonates market is projected to grow due to an upsurge in the demand for phosphonates in the construction sector. Construction activities involved assembling various elements to establish a structure at a specific location following a comprehensive design and plan. Phosphonates are indispensable in the construction industry, functioning as concrete retarders, scale inhibitors, and chelating agents. With their diverse properties and uses, phosphonates are valuable in many crucial areas, enhancing the durability, safety, and sustainability of infrastructure projects. For example, data from the US Census Bureau reveals that the value of construction activities escalated from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, marking a growth rate of 10.2 percent. Consequently, the rising demand for construction activities dictates the expansion of the phosphonates market. A similar surge is noticed in the demand for personal care products, acting as a driver for the phosphonates market's growth. Personal care products, comprising an array of self-care items for personal hygiene, grooming, and cleaning, often incorporate phosphonates. These compounds work as effective chelating agents in personal care products, enhancing stability, and preventing mineral accumulation, thereby guaranteeing the longevity and efficacy of cosmetic formulations. For instance, L'Oréal S.A., a French personal care company, reported that consumer product sales jumped from 11.8% to 14.6% and active cosmetics from 28.0% to 30.6% from the 3rd to the 4th quarter of 2022. This growing demand for personal care products is hence fuelling the phosphonates market's expansion.
Which Companies Are Leading in the Phosphonates Market?
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.
What Are the Major Trends Shaping the Phosphonates Market?
Leading corporations in the phosphonates market are leveraging THOR's phosphonates AFLAMMIT technologies to formulate innovative products that offer assured services to their clientele. These technologies feature phosphonates as essential components in their formulation, considered uniquely adept at enhancing fire and flame resistance when incorporated into treated substances. BASF, a chemical corporation based in Germany, recently partnered with THOR GmbH, another Germany-based company known for offering phosphonates. Their undertaking in July 2022 aimed at providing customers with a comprehensive non-halogenated flame-retardant additive solution, strategically designed to boost the functionality and sustainability of specified plastic compounds, all while meeting strict fire safety mandates. The combined proficiency in flame retardant additives from both companies provides customers and end-users with significant advantages, underlining the cumulative benefits of BASF's halogen-free flame retardant Flamestab along with THOR's phosphonates AFLAMMIT technologies for polyolefins, usually perceived as challenging for flame resistance applications.
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What Are the Top Revenue-Generating Geographies in the Phosphonates Market?
North America was the largest region in the phosphonate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phosphonates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Phosphonates Market?
2. What is the CAGR expected in the Phosphonates Market?
3. What Are the Key Innovations Transforming the Phosphonates Industry?
4. Which Region Is Leading the Phosphonates Market?
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