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Phosphonates Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Phosphonates
What Is the Forecasted Market Growth Rate of the Phosphonates Industry?
The phosphonates market has seen substantial growth in past years. The market value, which stands at $1.27 billion in 2024, is slated to increase to $1.37 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.7%. Factors contributing to the growth during the historic period include utilisation in water treatment processes, the thriving agriculture sector, industrial operations, heightened construction activities and the usage in oilfield chemicals.
How Will the Phosphonates Market Size Evolve From 2025 to 2029?
In the coming years, the phosphonates market is predicted to see substantial growth, potentially reaching $1.8 billion by 2029 with a compound annual growth rate (CAGR) of 7.0%. This predicted growth for the forecast period can be connected to several factors such as the emphasis on sustainable farming, industrial activity expansion, the industrious construction sector, growing attention on wastewater treatment, and amplified demand in the pharmaceutical industry. Looking into the forecast period, we can observe significant trends including the growth of agricultural practices, the expansion of the oil and gas industry, an increased demand for biodegradable products, technological progress in production methods, a growing emphasis on product innovation and global economic trends.
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What Are the Main Growth Drivers in the Phosphonates Market Today?
The phosphonates market is anticipated to grow due to the rising demand for phosphonates in the building sector. The construction industry, which involves assembling various components to construct a structure at a specific location according to a detailed design and plan, heavily relies on phosphonates. Phosphonates, with their multifaceted properties and applications, serve as concrete retarders, chelating agents, and scale inhibitors, contributing to the industry's durability, safety, and sustainability. Notably, the US Census Bureau highlighted that construction activity value escalated from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, marking a 10.2 percent growth rate. Therefore, the growth in construction activities triggers an upward trend in the phosphonates market.
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Which Phosphonates Market Segment Is Expected to Lead Through 2029?
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
Which Market Trends Are Expected to Dominate Phosphonates Industry Growth?
Leading organizations in the phosphonates market, such as THOR's phosphonates AFLAMMIT technologies, are pushing the boundaries of innovation to offer dependable services to their clientele. This involves utilizing phosphonates in their flame retardant and fire-resistant technologies. These play a significant role in boosting the treated materials' resilience to fire. An example is the partnership in July 2022 between BASF, a German chemical firm, and THOR GmbH, another German company specializing in phosphonates. Their collective aim is to provide comprehensive non-halogenated flame-retardant additive solutions that enhance sustainability and performance in certain plastic compounds while adhering to strict fire safety standards. The expertise brought together from both companies in flame retardant additives demonstrates the combined benefits of BASF's Flamestab, a halogen-free flame retardant, and THOR's phosphonates AFLAMMIT technologies for polyolefins, a traditionally challenging application for flame resistance.
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Which Companies Hold the Largest Market Share in the Phosphonates Sector?
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.
Where Is the Phosphonates Market Experiencing the Highest Growth?
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.
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