The global polymeric phosphonate market is expected to grow at a CAGR of 6.3% during the forecast period. The market growth is attributed to the increasing application of polymeric phosphonate in various end-user industries. Polymeric phosphonate is available in various forms in the industry including ATMP (amino tris (methylene phosphonic acid)), DTPMP (diethylenetriamine penta (methylene phosphonic acid)), HEDP (Hydroxyethylidene Diphosphonic acid) and others. HEDP is expected to grow at a significant rate in the global polymeric phosphonate market.
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Etidronic acid (HEDP), a type of polymeric phosphonate, is a chelating agent that is added to bind or counter the effects of substances in water, such as iron, calcium, or other metal ions, which may be discharged as an element of grey wastewater and conceivably contaminate the supply of groundwater. As a phosphonate compound, the acid has a corrosion inhibiting properties on unalloyed steel, and also acts to retard oxidation and rancidification of fatty acids. Thereby, widening its applications in many industry verticals as a cleansing agent.
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Asia-Pacific Enjoys a Prominent Market Share in the Global Polymeric Phosphonate Industry
Asia-Pacific is estimated to hold a significant share in the global polymeric phosphonate market. The major economies contributing to the growth of the Asia-Pacific market include China, India, and Japan. The market growth is attributed to the increasing demand for water treatment chemicals in these regions. Polymeric phosphonate is one of the chemicals used for a wide range of industrial applications, including use in detergents and cleaning agents, and water treatment in general. The rapid economic growth and increasing urbanization in China, and India tend to drive a number of industries such as municipal, chemical, oil and gas, and power generation, which, in turn, is expected to increase the demand for polymeric phosphonates for the treatment of industrial water.
China is one of the major countries that is significantly facing water scarcity concerns. As per the World Bank in 2018, despite being the second-largest economy of the globe and being home to 21% of the global population, China has only 6% of the global freshwater resources. In addition, most of the population of China is dependent on groundwater sources for drinking water, which are either untreated or not properly treated by municipal water suppliers. Thus, there is an increasing need for water treatment chemicals such as polymeric phosphonates in the region, which gives a boost to the regional growth of the polymeric phosphonate market.
Global Polymeric Phosphonate Market Segmentation
- Water Treatment
Global Polymeric Phosphonate Market – Segment by Region
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
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