Phosphonate Prices

Phosphonate Prices December 2023

The market in China saw a bullish market trend with moderate supply in the last quarter of 2023. This is due to the increase in cost support from upstream yellow phosphorus, which led to more production costs. The market stopped at 985 USD/MT in December.

The price of phosphonate in Germany experienced a negative trend. This is due to fewer inquiries from consumers and a fall in inflation rates. Also, fluctuations in energy prices were responsible for the downward movement in prices, stopping at 1060 USD/MT.

Phosphonate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Phosphonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of phosphonate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of phosphonate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of phosphonate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing phosphonate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Phosphonate Market Analysis

The global phosphonate market size reached US$ 962.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1494.2 Million, at a projected CAGR of 5.00% during 2023-2032.

• The emphasis on clean and sustainable water supplies across the globe is increasing the phosphonate demand. It is helpful in preventing scaling and corrosion in water systems. As populations grow and industrial activities rise, there is a need for efficient water treatment solutions. The human population touched 8.0 billion in 2022, up from 2.5 billion in 1950. This number will increase and reach 10 billion people by 2050, according to the latest report by the UN. With this, it is recorded by WHO and UNICEF that 2 billion people lack access to safely managed drinking water at home. This data has pushed countries to adopt measures that will provide safe and clean water to their masses. 
• The market expansion is being supported by the growing agricultural sector, which makes use of phosphonate as a crucial element to enhance the effectiveness of fertilizers and pesticides. This compound is well-known as a chelating agent that improves nutrient availability to plants and controls metal-based plant pathogens. By 2100, there will be 10.4 billion people in the world, as per the latest United Nations (UN) findings. This increase will put more pressure on the agricultural sector to use phosphonates to improve yield and boost production. 
• The oil and gas industry is also adopting phosphonate because of its contribution to scale and corrosion control in drilling and extraction processes. The increase in extraction processes, because of the extended demand for energy globally, is expanding the market for phosphonates. By 2025, the world's oil consumption will rise from 38 million barrels per day to 115 million barrels per day, as predicted by the Organization of the Petroleum Exporting Countries (OPEC). Also, there will be a 15% increase in energy consumption by 2050 as compared to 2021 levels.
• The healthcare sector is also using phosphonates in dental products and as stabilizers to create certain pharmaceutical formulations. Growth in healthcare infrastructure with increased focus on preventive medicine is boosting the demand for phosphonates. In Europe, the general government spending on health amounted to €1221 billion or 7.7% of GDP in 2022. Similarly, in the US, healthcare spending saw a hike of 4.1%, reaching $4.5 trillion or $13493/person. 
• In addition, cosmetics, cleaning agents, and personal care products use phosphonate. It has the ability to stabilize complex formulations, which is responsible for enhancing product performance and shelf life. The market for cosmetics is growing at a yearly pace of 4.8%, reaching US$ 618.7 Billion by 2032. Also, Europe is a huge market for cosmetics, with a value of €88 billion in sales. Its market is divided into nations that contribute to its rising popularity in the cosmetics and personal care sector. Germany amounted to €14.3 billion share, France €12.9 billion, Italy €11.5 billion, the UK €10.5 billion, Spain €9.3 billion, and Poland (€4.5 billion). This has increased the need for phosphonates in Europe to deliver effective cosmetic products to the world.

Phosphonate News

The report covers the latest developments, updates, and trends impacting the global phosphonate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in phosphonate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the phosphonate price trend.

Latest developments in the phosphonate industry:

• In January 2020, Italmatch Chemicals Group acquired the RecoPhos Project Technology from Israel Chemicals (ICL). This acquisition will promote the Group’s activities in the development of an entire new process for the manufacturing of elemental phosphorus (P4).
• In October 2021, The Biesterfeld Group, Hamburg, announced that it has established a joint venture by acquiring a majority stake in Singapore-based GME Chemicals. A complete takeover of the remaining shares will take place in five years, according to the contract. By acquiring a stake in GME Chemicals, Biesterfeld aims to expand its geographic reach and growth strategy.

Product Description

Phosphonates are a group of chemical compounds that are characterized by the presence of a phosphonic acid functional group. They are known for their versatility and are widely used in various industries due to their excellent chelating properties. Phosphonates can effectively bind metal ions, which helps prevent scaling and corrosion in water systems. They are available in several types, including amino tris (methylene phosphonic acid) (ATMP), 1-hydroxy ethylidene-1,1-diphosphonic acid (HEDP), and diethylenetriamine penta (methylene phosphonic acid) (DTPMP). Phosphonates are made from phosphorus, hydrogen, and oxygen, with additional elements like nitrogen when amino groups are included.

Phosphonates are highly valued for their stability and resistance to thermal degradation and oxidation. They find extensive use in detergents, personal care products, pharmaceuticals, and agriculture. Phosphonates offer several benefits, including enhanced product stability, effective control of metal ions in various processes, and reduction of maintenance costs. They are also lauded for their thermal stability, resistance to hydrolysis, and strong chelating capabilities.

Regional Coverage

The report provides a detailed analysis of the phosphonate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the phosphonate price trend.

Global Phosphonate Price

The report offers a holistic view of the global phosphonate pricing trends in the form of phosphonate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of phosphonate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed phosphonate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Phosphonate Price

The European region experienced a bearish price trend in the final quarter of 2023 owing to weak demand for phosphonate from end-use industries like detergent, cleaning, and water treatment. It was further exacerbated due to increased imports of low-priced goods and a poor demand outlook.

This analysis can be extended to include detailed phosphonate price information for a comprehensive list of countries.

North America Phosphonate Price

In North America, the phosphonate market witnessed an upward price trend in Q4FY2023. The rising inflation was responsible for the upward tick in the first month of the quarter. While moving towards the second and third months, the market was influenced by heightened product demand from water treatment and related industries and rising consumer spending.

Specific phosphonate historical data within the United States and Canada can also be provided.

Middle East and Africa Phosphonate Price

The report explores the phosphonate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on phosphonate prices for countries can also be provided.

Asia Pacific Phosphonate Price

The phosphonate pricing in the Asia Pacific region witnessed a steady market with moderate supply during the last quarter of 2023. There were low purchase orders and ample inventory levels. The market was also characterized by high production costs owing to a hike in yellow phosphorous cost support.

This phosphonate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Phosphonate Price

The analysis of phosphonate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of phosphonate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting phosphonate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The phosphonate price charts ensure our clients remain at the forefront of the industry.