Global Phosphonate Market Grows Steadily at a CAGR of 4.38%

Introduction

Phosphonates are structurally related chelating compounds and scale inhibitors with a phosphonic acid group. Phosphonates are organometallic phosphonic acid derivatives containing CPO(OH)2 or CPO(OR)2, with R being an alkyl or aryl group. Phosphonic acids, commonly managed as salts, exhibit limited solubility in organic solvents while demonstrating solubility in water and conventional alcohols. They are also stable under harsh chemical conditions and inhibit crystallization and scaling. Several commercially important compounds, including phosphonates, glyphosate, and ethephon, a widely used plant growth regulator, are derived from phosphonic acids.

Market Dynamics

Wide Applications of Phosphonates in the Water Treatment Industry Drive the Global Market

The expanding water needs of the industrial sector and the government's changing requirements for stopping water pollution and implementing control action plans have increased the need for water treatment in recent years. The Planning Commission of India issued a report estimating that the average annual per capita water availability was 1816 cubic meters in 2001 and 1545 cubic meters in 2011, respectively. By 2021 and 2031, the average annual per capita water availability is predicted to drop to 1486 cubic meters and 1367 cubic meters, respectively. There will be a sizable market for phosphonate due to the growing need for water treatment due to dwindling resources and growing water shortages worldwide over the forecast period.

Increasing Demand from the Pharmaceutical Industry Creates Tremendous Opportunities

The growing severity of diseases has contributed to the expansion of the pharmaceutical industry, one of the largest consumers of phosphonate. Phosphonate is frequently used to treat anticancer targets, bone resorption disorders, and other medical conditions. In addition, phosphonate nucleotides, such as adefovir, tenofovir, and cidofovir, are essential antiviral medications increasingly used to treat hepatitis B and HIV. Thus, it is anticipated that these aspects will propel the sales of phosphonates in the rapidly expanding pharmaceutical industry and provide market participants with lucrative opportunities.

Regional Analysis

North America is the most significant global phosphonate market shareholder and is anticipated to exhibit a CAGR of 4.56% during the forecast period. North America is predicted to expand significantly since it is home to the greatest economy in the world, the United States. One of the main industrialized nations is the United States, which is home to numerous heavy-, medium-, and small-scale businesses. Moreover, the United States is among the world's largest water consumers. About 80% of the water and wastewater treatment industry in the United States is owned and operated by the government. Rural areas have considerably less access to water treatment infrastructure and facilities than urban areas. The United States Department of Agriculture (USDA) has allocated approximately 10 billion dollars since 2003 for constructing and maintaining 7,500 rural water and wastewater systems. It intends to increase its investment over the next few years. This country's increasing investment in water treatment will likely increase market demand. This is anticipated to create opportunities for the market for phosphonate.

Europe is estimated to exhibit a CAGR of 3.98% over the forecast period. Due to upcoming construction projects in the region, there may be an increase in demand for concrete retarders such as phosphonate. For instance, the Link Tower project involves the construction of two mixed-use skyscrapers in Paris La Défense, in the Michelet district of the Île-de-France region of France. The construction began in the third quarter of 2021 and is anticipated to be completed in the second quarter of 2025. The project aims to satisfy the region's growing demand for office space and recreational activities. The estimated cost of the project is approximately USD 1.120 billion. Such projects are likely to drive the regional phosphonate market.

Key Highlights

• The global phosphonate market size was valued at USD 901.84 million in 2022. It is estimated to reach USD 1,326.43 million by 2031, growing at a CAGR of 4.38% during the forecast period (2023–2031).
• Based on type, the global phosphonate market is divided into ATMP, HEDP, DTPMP, and other types. The HEDP segment is the largest revenue contributor to the market and is expected to exhibit a CAGR of 4.42% throughout the forecast period.
• Based on the end-user industry, the global phosphonate market is segmented into detergent and cleaning agents, water treatment, oil field chemicals, cosmetics, building materials, and other end-user industries. The water treatment segment owns the highest market share and is estimated to exhibit a CAGR of 4.25% during the forecast period.
• North America is the most significant global phosphonate market shareholder and is anticipated to exhibit a CAGR of 4.56% during the forecast period.

Competitive Players

Competitive Players

The key global phosphonate market players are Italmatch AW, Shandong Taihe Water Treatment Technologies Co. Ltd, Zaozhuang Kerui Chemicals Co. Ltd, LANXESS, Zschimmer & Schwarz Mohsdorf GmbH & Co. KG, MKS DevO Chemicals, IRO GROUP, Biesterfeld AG, Aquapharm Chemical Pvt. Ltd, and others.

Recent Developments

Market News

• In July 2023, Jordan Phosphate Mines Company (JPMC) announced its intentions to establish a phosphoric acid plant in the Al Shidiyah neighborhood of Maan in collaboration with a Turkish company, JPMC Chairman of the Board of Directors for Muhammad Thneibat disclosed at a panel discussion.
• In August 2023, LiqTech International, Inc., a manufacturer and marketer of highly specialized filtration products and systems, announced the receipt and delivery of a pilot unit order to supply LiqTech's advanced filtration system for phosphoric acid purification in China to Silicon Filter, the company's recently announced distribution partner in the region.

Segmentation

Global Phosphonate Market: Segmentation

By Type

• ATMP
• HEDP
• DTPMP
• Other Types

By End-User Industry

• Detergent and Cleaning Agent
• Water Treatment
• Oil field chemicals
• Cosmetics
• Building Materials
• Other end-user Industries

By Regions

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East and Africa