In 2023, the market for phosphonates will be worth US$1.1 billion. By the end of 2033, the global market for phosphonates is expected to be worth US$ 2.1 billion, according to a thorough research of the sector.
Scale prohibitor and chelating chemicals belonging to the phosphonate family share structural similarities with the phosphonic acid group. Organometallic phosphonates, also known as phosphonates, typically comprise C-PO (OR)2 or C-PO (OH)2 groups, where R is an aryl or alkyl group.
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Focal Points
- The global market phosphonates stands at US$ 1.1 billion in 2023.
- The global phosphonates market is anticipated to reach a valuation of US$ 2.1 billion by 2033-end.
- The Canadian market is predicted to advance at a noticeable CAGR of 6.2% from 2023 to 2033.
- Worldwide sales of phosphonates are projected to increase at a CAGR of 6.6% through 2033.
- Demand for phosphonates in Germany is predicted to evolve at a CAGR of 4.6%.
Winning Strategy
Prominent manufacturers of phosphonates are adopting different strategies, such as mergers & acquisitions to generate lucrative opportunities. Key players are adopting numerous strategies to expand their footprints around the world. They are taking initiatives for new development to strengthen their supply chain management system while sticking to the regulation implemented for quality control. These players also adhere to safety regulations to ensure a safe and healthy environment for workers.
For instance,
- Bisterfeld AG in October 2021 announced its acquisition of GME Chemicals for the expansion of its footprints in Asia Pacific.
- Italmatch Chemicals Group, in January 2020, acquired the RecoPhos Technology from Israel Chemicals. This initiative will promote the activities of the group in the development of a new process to manufacture Elemental Phosphorus.
Producers of phosphonates
- Aquapharm Chemicals
- Changzhou Yuanquan Hongguang Chemical
- Italmatch Chemicals
- Qingshuiyuan Technology
- Shandong Xintai Water Treatment Technology
- Yichang Kaixiang Chemical
- Zeel Product
- Zaozhuang Kerui Chemicals
Industry Research
- By Type:
- ATMP
- HEDP
- DTPMP
- BHMT
- Others
- By Application:
- Water Cleaners
- Scale Inhibitors
- Bleach Stabilizers
- Chelating Agents
- Concrete Additives
- Others
- By End Use:
- Water Treatment
- Pharmaceuticals
- Textiles
- Oil & Gas
- Pulp and Paper
- Agriculture
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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