Phosphonate Market Size, Share & Industry Analysis, By Type (ATMP, HEDP, DTPMP, Others), By Application (Water Cleaner, I & I Cleaner, Drug Synthesis, Chelating Agents, Concrete Additives, Others) and Regional Forecast, 2024-2032

Phosphonates are family of chelating compounds and scale forbidder, which by structure has the phosphonic acid group in common. Phosphonates are organometallic derivatives of phosphonic acid containing C−PO(OH)₂ or C−PO(OR)₂ groups where R is alkyl or aryl group. Several commercially important compounds like phosphonates, glyphosate, and ethephon which is extensively used as popular plant growth regulator, are derived from phosphonic acids. They are used in household and industrial cleaning products, personal care products, and water treatment additives in various applications. Derivatives of phosphonates like bisphosphonates are accepted drugs for treatment of osteoporosis. In medicinal chemistry, phosphonate is used as stable bioisotere for phosphate, similarly in the antiviral nucleotide analogy, Tenofovir, which is one of the foundations of anti-HIV therapy. In construction sector, phosphonate is used as concrete retarder. The R&D in the construction sector is investigating the use of phosphates as superplasticizers which increase the concrete fluidity and workability.

The increasing demand for the phosphonate as chelating agent in the chemical industry and to synthesize its derivatives is likely to boost the market. For instance, when amine group is introduced on the phosphonic acid molecule, it increases the metal binding properties of phosphonate. Phosphonates are effective water softeners which prevents the formation of water-insoluble precipitates. The increasing adoption of phosphonates as water softeners is likely to create positive impact on the market. Additionally, the use of phosphonates and biphosphonates in the treatment of HIV, Hepatitis B, Sudden Oak Death, and others shall foster the market.

Key Market Driver -

Increasing adoption of phosphonates in industrial and medical sectors

Key Market Restraint -

toxicity of Phosphonates and its derivative compounds

However, there is threat of toxicity on exposure to phosphonate derivatives like biphosphonates. Prolonged exposure to biphosphonates can cause lowering in bone density and muscle pain. The National Institute for Occupational Safety and Health has set some standards and rules for the use of such chemicals which is expected to hamper the market growth.

Market Segmentation:

Based on product, the market is segmented into ATMP, HEDP, DTPMP, and Other. Based on application, the market is segmented into water cleaner, I &I cleaner, drug synthesis, chelating agents, and concrete additive.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global phosphonate market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the material market includes Italmatch Chemicals, Changzhou Kewei Fine Chemicals, Shandong Taihe Water Treatment Technologies, Aquapharm Chemicals, Jianghai Environmental Protection, Zeel Product, Changzhou Yuanquan Hongguang Chemical, WW Group, Yichang Kaixiang Chemical and Others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Phosphonate market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.Asia Pacific accounts for the largest share in market attributed to the concentartion of the raw materials like diethylenetriamine, phosphorous acid, phosphorus trichloride, acetic acid, and ammonium Chloride. Additionally, the presence of large number of manufacturers in the region is boosting the regional market. North america is expected to show significant growth due to the adoption of advanced technologies and extensive R&D in the medical sector. Europe is expected to show considerable growth due to the rising demand from the chemical amd medical sector in the European countries. Latin America & Middle East & Africa is expected to show sluggish growth by the end of forecast period.

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Segmentation

Phosphonate Industry Developments

• In January 2020, Italmatch Chemicals Group acquired the RecoPhos Project Technology from Israel Chemicals (ICL), which will promote the Group’s activities in the development of entire new process for the manufacturing of Elemental Phosphorus (P4).


• In March 2018, Italmatch Chemicals Group acquired the China based chemical company Jiayou Chemical, active in the antiscalant phosphonate constituent business, from Ecolab Inc., which strengthened the position of Italmatch Chemicals Group in Asia Pacific region.