Market Size of Phosphonate Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.98 Billion |
| Market Size (2029) | USD 1.23 Billion |
| CAGR (2024 - 2029) | 4.65 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Phosphonate Market Analysis
The Phosphonate Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.23 billion by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
The positive outlook of the water treatment industry and steady progress in the detergent and cleaning agent industry in recent times are likely to drive the demand for phosphonates in the coming years.
- There are wide applications of phosphonates in the water treatment industry. The rapid growth of the cleaners and detergents industry is also expected to drive the demand for phosphonates.
- However, environmental concerns due to its non-degradable nature and availability of substitutes are expected to hinder the market's growth.
- Nevertheless, emerging applications of phosphonates in pro-drugs and nano-porous phosphonates are expected to create new opportunities for the market studied.
- Asia-Pacific is expected to dominate the market, with the majority of demand coming from China and India.
Phosphonate Industry Segmentation
Phosphonates are a class of organic compounds containing a phosphorus atom bonded to a carbon atom through an oxygen atom. They are commonly used as additives in various industries, including water treatment, detergents and cleaning products, personal care products, and others.
The phosphonates market is segmented by type, end-user industry, and geography. By type, the market is segmented into ATMP, HEDP, DTPMP, and other types. By end-user industry, the market is segmented into detergent and cleaning agents, water treatment, oil field chemicals, cosmetics, building materials, and other end-user industries. By geography, the market is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. The report also covers the market size and forecasts in 27 countries across major regions. For each segment, the market sizes and forecasts are calculated based on value (USD).
| By Types | |
| 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 Geography | |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
|
Phosphonate Market Size Summary
The phosphonate market is poised for steady growth, driven by its extensive applications in the water treatment industry and the burgeoning cleaners and detergents sector. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted international trade and impacted industries like manufacturing and construction, the market has rebounded to pre-pandemic levels. The demand for phosphonates is further bolstered by their use as scale inhibitors in industrial water treatment processes, particularly HEDP phosphonate, which offers advantages such as excellent dirt resistance and low pollution. However, the non-degradable nature of phosphonates poses environmental challenges that could impede market expansion. Nonetheless, emerging applications in pro-drugs and nano-porous phosphonates present new growth opportunities.
The Asia-Pacific region is expected to lead the global phosphonate market, with significant demand originating from China and India. In China, the increasing need for high-quality floor cleaning products and the rising awareness of hygiene post-COVID-19 are driving the demand for detergents and cleaning agents. Meanwhile, India's position as a major producer and supplier of detergents, coupled with the growing penetration of washing machines, is fueling market growth. The market remains fragmented, with key players like Italmatch AW, Shandong Taihe Water Treatment Technologies Co., Ltd., and LANXESS competing for market share. Recent strategic moves, such as Biesterfeld AG's acquisition of GME Chemicals, aim to strengthen their presence in the Asia-Pacific region.
Phosphonate Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.1.1 Wide Applications of Phosphonates in the Water Treatment Industry
-
1.1.2 Rapid Growth of the Cleaners and Detergents Industry
-
1.1.3 Other Drivers
-
-
1.2 Market Restraints
-
1.2.1 Environmental Impact Due to Non-Degradable Nature
-
1.2.2 Availability of Substitutes
-
1.2.3 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Value)
-
2.1 By Types
-
2.1.1 ATMP
-
2.1.2 HEDP
-
2.1.3 DTPMP
-
2.1.4 Other Types
-
-
2.2 By End-user Industry
-
2.2.1 Detergent and Cleaning Agent
-
2.2.2 Water Treatment
-
2.2.3 Oil field chemicals
-
2.2.4 Cosmetics
-
2.2.5 Building Materials
-
2.2.6 Other End-user Industries
-
-
2.3 By Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Malaysia
-
2.3.1.6 Thailand
-
2.3.1.7 Indonesia
-
2.3.1.8 Vietnam
-
2.3.1.9 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Italy
-
2.3.3.5 Spain
-
2.3.3.6 NORDIC Countries
-
2.3.3.7 Turkey
-
2.3.3.8 Russia
-
2.3.3.9 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Colombia
-
2.3.4.4 Rest of South America
-
-
2.3.5 Middle East and Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 Qatar
-
2.3.5.3 United Arab Emirates
-
2.3.5.4 Nigeria
-
2.3.5.5 Egypt
-
2.3.5.6 South Africa
-
2.3.5.7 Rest of Middle East and Africa
-
-
-
Phosphonate Market Size FAQs
How big is the Phosphonate Market?
The Phosphonate Market size is expected to reach USD 0.98 billion in 2024 and grow at a CAGR of 4.65% to reach USD 1.23 billion by 2029.
What is the current Phosphonate Market size?
In 2024, the Phosphonate Market size is expected to reach USD 0.98 billion.
