Global Phosphorus Trichloride Market is Expected to Reach US$ 1.92 Bn in 2024: Transparency Market Research

Transparency Market Research has published a new report titled “Phosphorus Trichloride (Pure and Analytical Reagent) Market for Phosphorus Oxychloride, Chemical Intermediates, Agrochemicals, Plasticizers, Pharmaceuticals and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024.” According to the report, the global Phosphorus Trichloride market was valued at US$ 1.23 Bn in 2015 and is anticipated to reach US$ 1.92 Bn by 2024, expanding at a CAGR of 5.2% from 2016 to 2024.

Escalating population resulting in expanding food demand and growth in chemical industry are expected to drive the global phosphorus trichloride market. With increasing food demand, the usage of pesticides, insecticides and herbicides in agriculture industry is expanding, specifically in Asia Pacific. Since the quality of phosphorus reserves is depleting, the processing cost has been increased and therefore the energy demands and rising final cost of phosphorous trichloride. This is estimated to hinder the market growth for the next few years. Development of technologies or commercial routes for the production of phosphorus trichloride in order to reduce energy demand and stringent environmental regulations on the use of halogen-based flame retardants are anticipated to offer new opportunities to the global phosphorus trichloride market from 2016 to 2024.

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North America held more than 25% volume share in the global phosphorus trichloride market in 2015. Agrochemicals and phosphorus oxychloride are the major application segments in the region. The market size for U.S. was almost five times that of Canada in 2015. Some of the major manufacturers in the region include Monsanto Company, The Mosaic Company and PotashCorp.

Europe is likely to grow at a comparatively moderate pace between 2016 and 2024. Germany and France cumulatively held a market share of more than 50% and dominated the Europe phosphorus trichloride market in 2015. Plasticizers application segment is predicted to offer a faster growth rate in the Europe phosphorus trichloride due to the implementation of stringent regulations on the usage of chlorinated and brominated flame retardants and plasticizers. This is expected to provide lucrative opportunities for phosphorus based flame retardants in the near future.

Asia Pacific is anticipated to grow at a higher rate during the next few years. China and India are the major consumers of phosphorus trichloride in the region. Together, they accounted for more than 70% share in Asia Pacific phosphorus trichloride market in 2015. Agrochemicals/pesticides segment accounted for more than 65% in the phosphorus trichloride market in Asia Pacific in 2015 due to the rising population fuelling the need for food crops and increasing the demand for pesticides. The prices of phosphorus trichloride in the region were low as compared to other region due to ample supply of phosphorus trichloride and sufficient availability of raw materials such as phosphate rock in China.

In Latin America, Brazil held majority share in phosphorus trichloride market in 2015. Plasticizers held relatively significant share in the Latin America phosphorus trichloride market. Demand for agrochemicals in the region is likely to grow at a comparatively slower pace during the forecast period. Middle East & Africa is expected to grow at a CAGR of 3.1% from 2016 to 2024, much lower than the average CAGR.

Some of the key players in the phosphorus trichloride market include Excel Industries Ltd., Shanghai Fopol Chem-Tech Industry Co., Ltd., Guangzhou Zoron Chemical Technology Co., Ltd., Binhai Wuzhou Chemical Co., Ltd., Yixing Dongchang Chemical Co., Ltd., Punjab Chemicals and Crop Protection Limited, Sandhya Group, Duc Giang Chemicals and Detergent Powder, LianYunGang Dongjin Chemical Co., Ltd., Xuzhou JianPing Chemical Co., Ltd. And United Phosphorus Limited (UPL). Expansion of capacities and exploring new regions for sales & distribution is the major trend adopted by major phosphorus trichloride manufacturers.

The report segments the global phosphorus trichloride market into:

  • Phosphorus Trichloride Market – Grade Analysis
    • Pure
    • Analytical Reagent
  • Phosphorus Trichloride Market – Application Analysis
    • Phosphorus Oxychloride
    • Chemical intermediates
    • Agrochemicals
    • Plasticizers
    • Pharmaceutical
    • Others (Oil additives, surfactants, etc.)
  • Phosphorus Trichloride Market – Regional Analysis
    • North America
      • U.S.
      • Canada
    • Europe
      • France
      • U.K.
      • Germany
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • ASEAN
      • India
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East and Africa
      • GCC
      • South Africa
      • Rest of Middle East and Africa

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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