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Phosphotungstic Acid Market

Market Insights on Phosphotungstic Acid covering sales outlook, demand forecast & up-to-date key trends

Phosphotungstic Acid Market By Type (Anhydrous, Hydrate), Grade (Research Grade, Regular Grade), Purity (99%, >99%), Application (Catalyst, Dyes and Pigments, Biology and Life Sciences, Proton Donors, Precipitation of Proteins), End-Use Industry (Pharmaceutical, Biotech and Microbiology) & Region - Forecast 2022-2032

Phosphotungstic Acid Market Overview

Registering a CAGR of around 5.4%, the global phosphotungstic acid market is forecast to witness positive growth trajectory during the forecast period. Growth in the market is driven by rising application of phosphotungstic acid across myriad applications such as precipitation of proteins, proton donors, dyes and pigments and biology and life sciences.

Report Attribute

Details

Phosphotungstic Acid Market Projected Growth Rate (2022-2032)

~5.4% CAGR

Phosphotungstic acid is a chemical reagent usually prepared by the reaction of sodium tungstate with phosphoric acid, acidified with HCL. It is mostly used in histology for staining of cell specimens along with some other chemical compounds. It has the potential to bind to collagen, fibrin, and fibres of connective tissues, and effectively replaces the anions of dyes from these materials, thereby selectively decoloring them.

Traditionally, the use of phosphotungstic was limited to certain areas. However, with rapid advancement and growing awareness about the benefits of this acid, people are gradually adopting it for various purposes. Driven by this, sales of phosphotungstic acid are slated to rise substantially during the forecast period.

Phosphotungstic acid is considered as the strongest of heteropolyacids due to its ability to fully dissociate even at low pH. In fact, it has become one of the most preferred catalysts used in research on account of its high acidity and thermal stability.

Growing adoption of phosphotungstic acid for a wide range of applications such as dyeing, catalyst, precipitation of proteins, and several other medicinal applications is anticipated to boost the growth of phosphotungstic acid market during the forecast period.

Phosphotungstics acid plays a key role in precipitation of proteins across various end use verticals. It is for this reason that it is often called a universal precipitant for polar proteins. Rising need for precipitation of proteins will therefore boost the sales of phosphotungstic acids over the assessment period.

In addition to this, rising investments in biotechnology and histology across the world will further create growth avenues for phosphotungstic acid market in the future.

Which Factors are Propelling the Growth of Phosphotungstic Acid Market?

The swift expansion of phosphotungstic acid market is attributed to the increasing investments in medical research projects, advancements in biotechnology and histology, and growing adoption of phosphotungstic acid hydrate as a staining agent in various applications.

During the last few years there has been a substantial increase in demand for phosphotungstic acid across various end-use applications. This acid has gained immense traction as a cost effective and recyclable catalyst for manufacturing polysubstituted quinolones. Rising demand for these essential compounds will therefore continue to push sales of phosphotungstic acid during the forecast period.

Phosphotungstic acid is being increasingly used as a staining agent across pharmaceutical and research applications owing to its ability to selectively bind to the basic groups (lysine and arginine residues) of proteins. It is for this reason that it has gained immense traction in electron microscopy for study the ultrastructure of synapses and chromosomes.

Besides this, increasing research and development of phosphotungstic acid for niche applications will further generate growth prospects for the market players in the future. Various companies are actively participating in exploring the potential use of phosphotungstic acid in diverse applications.

Additionally, growing focus towards application of phosphotungstic acid for composite proton exchange membranes used in the manufacturing of fuel cells is anticipated to boost the market growth during the forecast period.

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What are the Challenges Faced by the Phosphotungstic acid Industry?

As the phosphotungstic acid market is still in its initial stages of development, it is facing various challenges that are likely to limit its growth during the forecast period. Some of these factors are the lack of awareness about the use of phosphotungstic acid in some regions and usage of alternative chemicals such as phosphomolybdic acid for staining applications in histology.

Why is North America Considered as a Prominent Market for Phosphotungstic acid?

Spurred by increasing investments in research and development activities for introducing advanced specialized drugs and heavy presence of leading market players, North America spearheaded by the U.S. will continue its monopoly in the global phosphotungstic acid market over the forecast period.

Countries like the United States are home to some of the leading pharmaceutical and biotechnological giants in the world. These companies are constantly utilizing chemicals like phosphotungstic acid for research purposes as well as for developing novel medicines. This is providing a strong thrust to the growth of phospotungstic acid market in the region.

Nikhil Kaitwade
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What is the Demand Outlook for Asia Pacific Market?

According to Future Market Insights, the Asia Pacific Phosphotungstic acid market is poised to experience a relatively higher growth rate during the forecast period. Presence of well-established end-use industries and rising adoption of phosphotungstic acid for myriad applications such as dyeing, catalyst and proton donors are some of the factors driving the Asia Pacific phosphotungstic acid market.

End users are increasingly using phosphotungstic acid to precipitate multiple types of dyes such as basic dyes and triphenylmethane dyes. Rising usage of phosphotungstic acid for dyeing and pigmentation purposes will continue to provide impetus to the growth of phosphotungstic acid market in the future.

Market Competition

Some of the key participants present in the global phosphotungstic acid market include Sigma Aldrich, TCS Bioscience Ltd., Alfa Aesar, MilliporeSigma, Fisher Scientific, MP Biomedicals, VWR Life Sciences, Bean Town Chemicals, Toronto Research Chemicals.

These key players are continuously adopting growth strategies such as price reduction, strengthening of distribution channels, partnerships, collaborations and expansion of production capacities to stay relevant in the market. Besides this, they are establishing new facilities across attractive markets of Asia, Africa and the Middles East.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Grade
  • Purity
  • Application
  • End-Use Industry
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Sigma Aldrich
  • TCS Bioscience Ltd.
  • Alfa Aesar
  • MilliporeSigma
  • Fisher Scientific
  • MP Biomedicals
  • VWR Life Sciences
  • Bean Town Chemicals
  • Toronto Research Chemicals.

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Key Segments Profiled in the Phosphotungstic Acid Industry Survey

By Type:

  • Anhydrous
  • Hydrate

By Grade:

  • Research Grade
  • Regular Grade

By Purity:

  • 99%
  • >99% (Ultra-Pure)

By Application:

  • Catalyst
  • Dyes and Pigments
  • Biology and Life Sciences
  • Proton Donors
  • Precipitation of Proteins
  • Others

By End-Use Industry:

  • Pharmaceutical
  • Biotech and Microbiology

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global phosphotungstic acid market to expand at a around 5.4% value CAGR by 2032

North America will continue to remain the most dominant market for phosphotungstic acid during the forecast period.

Sigma Aldrich, TCS Bioscience Ltd., Alfa Aesar, MilliporeSigma, Fisher Scientific, MP Biomedicals are some prominent phosphotungstic acid manufacturers

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Nikhil Kaitwade
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Phosphotungstic Acid Market