The global phosphonates industry generated $0.9 billion in 2021, and is projected to reach $1.6 billion by 2031, growing at a CAGR of 5.98% from 2022 to 2031. The report provides an in-depth analysis of changing market trends, key investment pockets, top segments, regional landscape, value chain, and competitive scenario.  

Allied Market Research recently published a report, titled, "Phosphonates Market by Type (ATMP, HEDP, DTPMP, BHMT, Others), by Application (Water Cleaner, Scale Inhibitors, Bleach Stabilizer, Chelating Agents, Concrete Additives, Others), by End Use (Water Treatment, Pharmaceutical, Textile, Oil and Gas, Pulp and Paper, Agriculture, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031."  

Drivers, restraints, and opportunities 

Rise in population and rapid urbanization led to shortage of potable water in both developed and developing countries, where phosphonates are widely used. This is prime driving factor for the growth of the global phosphonates market. In addition, increase in fashion consciousness, and adoption of western culture have fueled the growth of the textile sector, which has supplemented the demand for phosphonates. However, derivatives of phosphonates such as bisphosphonates are prescribed for osteoporosis diagnosed patients and several health-related issues due to prolonged use of bisphosphonates hinder the market. On the contrary, surge in severity of diseases and growth of pharmaceutical industry across the globe have are expected to open new opportunities in the future.