Phosphonates Market size is set to surpass USD 1.5 billion by 2027, according to a new research report by Global Market Insights Inc.
Phosphonates are widely used in multiple applications owing to their different characteristics such as intermediates, chelating agents, scale inhibitor, and bleach stabilizer, among others. DETPMP is majorly used as stabilizer for detergent auxiliaries, peroxide bleaching, in municipal or industrial cleaning water, and oil field water. Moreover, growing concerns by both industrial authorities as well as regulatory bodies towards safety and cleanliness of industrial effluent water and drinking water is anticipated to fuel the market statistics.
Wide application of hydroxyethylidene diphosphonic acid (HEDP) in different application such as oilfield, paper and personal care will fuel market expansion
HEDP phosphonates market is anticipated to reach over USD 621.6 million by 2027 growing at a CAGR of over 9%. HEDP exhibits numerous benefits such as corrosion inhibition and scale retardation. HEDP acts as an excellent complexing agent for metal ions including Cu, Fe and Zn. Moreover, its good chemical stability under high pH value facilitates its use in different end-use industries including water treatment, detergents, textile, oilfield, paper and personal care.
Growing product demand from different end-use industries including electric power, chemical industry, refineries, fertilizer and metallurgy, among others should foster overall market outlook. Increasing product usage in making thermal desalination antiscalants, RO membrane antiscalants, and treating sterilizers is expected to provide untapped growth opportunities for the market. It can also be utilized directly for applications in combination or as single with a suitable dispersant. Wide application scope of HEDP in oil field industry is anticipated to fuel market expansion.
Growing consumer concern towards personal care and hygiene should boost the demand for phosphonates as bleach stabilizer in detergents, cleaning agents & personal care products.
Phosphonates market from bleach stabilizer function is projected to exceed USD 159.35 million by 2027 growing at a CAGR of around 8%. Phosphonates as bleach stabilizer is widely used in multiple applications including textile, cleaning, detergent and personal care. Therefore, these wide application of phosphonates as bleach stabilizer led to fuel its market statistics over the coming years.
Rising consumer concern towards cleanliness and hygiene at homes, workplaces, and commercial spaces should raise the demand for phosphonates from detergents and cleaning agents. Rising consumer awareness regarding the importance of cleanliness and hygienic standards of living especially after the outbreak of COVID-19 pandemic is expected to bolster market forecasts.
Growing industrialization and urbanization should boost phosphonates demand in water treatment application
Phosphonates market from water treatment application exceeded USD 479.85 million in 2020 and is set to register 9% CAGR through 2027. Growing population, urbanization, expanding manufacturing industry, and regulatory requirements pertaining to the level of toxic waste in industrial effluent water are some of the key factors fuelling the water treatment services industry demand, which is expected to boost product adoption.
Additionally, rising consumer awareness towards sustainability also led to support the growth of Reduce-Recycle-Reuse approach should drive the phosphonates market size. Water recycling is reusing treated wastewater for useful purposes includes landscape irrigation and agriculture activities, toilet flushing, industrial processes, and replenishing a groundwater basin make the use of water more sustainable and support the market expansion.
Browse key industry insights spread across 200 pages with 244 market data tables and 23 figures & charts from the report, “Phosphonates Market Forecasts By Product (ATMP, BHMT, HEDP, DTPMP), Function (Chemical Intermediates, Metal Chelating Agent, Scale Inhibitor, Bleach Stabilizer, Concrete Retarder), End-use Industry (Pharmaceutical, Water Treatment, Oil & Gas, Detergents & Cleaning Agents, Paper & Pulp, Textile, Construction, Agriculture), Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents:
Growing textile industry with continues innovation in the Europe should propel the market outlook
Europe phosphonates market is likely to surpass USD 301.35 million by 2027. Textiles is a one of the diverse sectors that plays a vital role in the European manufacturing industry. Phosphonates are used as stabilizers for peroxide leaching in the textile industry. Continuous innovation in design, creativity, and growing consumer demand for apparel with an improved aesthetic appeal is expected to escalate the demand for phosphonates from the textile industry in the Europe region.
Key players in the phosphonates market includes Italmatch Chemicals, Shandong Taihe Water Treatment Technologies, Aquapharm Chemicals, ZEEL Product, Bozzetto Group, and Excel Industries. Key players are executing several strategies such as investment to launch new products and enhance their product offerings. Additionally, players are also implementing merger and acquisition strategy with supply chain participants or other small players present in the market to expand their global footprint.