According to the recent research titled ‘Phosphonates Market Size By Product (ATMP, BHMT, HEDP, DTPMP), By Function (Chemical Intermediates, Metal Chelating Agent, Scale Inhibitor, Bleach Stabilizer, Concrete Retarder), By 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’ available with MarketStudyReport, global phosphonates market is expected to generate substantial gains by the year 2027.

Global phosphonates market growth is primarily driven by surging demand for detergents and cleaning agents to reduce the risk of infections, especially following the advent of the COVID-19 pandemic in recent times.

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In terms of product landscape, the market is classified into DTPMP, BHMT, HEDP, ATMP, and others. Among these, the others segment is estimated to record a CAGR of 6.5% during the study period, eventually reaching a valuation of USD 110 million by 2027.

In terms of functional product perspective, the industry is segmented into chemical intermediates, metal chelating agents, scale inhibitors, bleach stabilizers, concrete retarders, and others. Global phosphonates market from the metal chelating segment is expected to record a 9% CAGR through 2027, primarily due to the widespread adoption of these products in the oil & gas industry.

On the basis of the end-use industry type, the segment is segregated by water treatment, oil & gas, pharmaceutical, detergents & cleaning agents, construction, agriculture, paper & pulp, textile, and others. The oil & gas segment is expected to amass USD 110 million, registering a CAGR of 8.5% over the forecast period. Meanwhile, the others segment is estimated to exceed USD 25 million and is expected to witness a CAGR of 6% through 2027.

Moving forward, the regional landscape of the global phosphonates product industry extends to North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The Latin America market generated revenues worth USD 55 million and is predicted to showcase a CAGR of 8.2% between 2021 and 2027.

Meanwhile, the Middle East & Africa market is estimated to reach a valuation of USD 65 million by 2027, expanding at 6.8% CAGR through the forecast timeline.

The competitive landscape of the global phosphonates market is operated by companies such as Manhar Specialities, Excel Industries Ltd., Zschimmer & Schwarz Chemie GmbH, Bozzetto Group, Changzhou Yuanquan Hongguang Chemical Co. Ltd., ZEEL Product, Aquapharm Chemicals Pvt. Ltd., Shandong Taihe Water Treatment Technologies, Changzhou Kewei Fine Chemicals Co. Ltd., and Italmatch Chemicals S.p.A.