Phosphorus & Derivatives Market Growth, Size, Share, Trends, and Forecast 2030
Author : jon sen | Published On : 11 Jan 2024
Description
The global phosphorus & derivatives market size was valued at approximately USD 63.09 billion in 2022 and is anticipated to reach about USD 85.22 billion by 2030, exhibiting a compound annual growth rate (CAGR) of approximately 3.83%.
Global Phosphorus & Derivatives Market: Overview
There are two allotropic forms of phosphorous they are red phosphorous and white phosphorous. It is a nonmetal which is combustible. Phosphoric acid, phosphorus pentachloride, sodium hypophosphite, triethyl phosphate, phosphorus oxychloride, phosphorus tribromide, tributyl phosphate, and others are some of the derivatives of phosphorous. In a number of pyrotechnic applications elementary phosphorous is used. In the metallurgical industry phosphorous is used for forming the metallic alloys such as phosphorous brass. It is also used in the production of insecticides and also as an additive in the industrial oils.
The phosphorous and derivatives market is globally segmented into the type of products and application. On the basis of the product type, the global market is segregated into industrial phosphates, phosphorus chloride, phosphorus pentasulfide, ammonium phosphates, purified phosphoric acid, and phosphorus pentoxide. Based on the application, the market is categorized into detergents, water treatment chemicals, flame retardant material, fertilizers, food industry, metal finishing.
Global Phosphorus & Derivatives Market: Growth Factors
Phosphorous are widely used in the production of fertilizers. Phosphorous is a very essential element for the plant growth. A vital element for the production of steel is phosphorous. The factors that are driving the global phosphorous and derivatives market is its increasing demand in the water treatment, in the development of halogen-free flame retardants, and the increased usage in the bio-fuels. The latest trend of using organophosphorus flame retardants which are free from halogen is positively affecting the growth of the market. The increasing population and the rising food requirement are increasing the demand for the fertilizers. This demand is fuelling the growth of the phosphorous and derivatives market. There are some factors that hamper the market growth which includes the decreased quality of the phosphorous rock, the regulations that are implemented in the usage of phosphorous in detergents, and the conservation of the resources are the factors that are affecting the market growth in a negative way.
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Global Phosphorus & Derivatives Market: Regional Analysis
The phosphorous and derivatives market is regionally segmented into North America, Asia-Pacific, Europe, and Rest of the World. The region that dominated the global market for phosphorous and its derivatives is Asia Pacific region. Asia Pacific is followed by North America and Europe. The major factor that is affecting the market growth in the Asia-Pacific region is the wide application of the phosphorous and its derivatives in the fertilizers. The major market players are present in the Asia Pacific and European region. The market growth in the North American region is at a slow pace but is expected to grow in the coming years.
Global Phosphorus & Derivatives Market: Competitive Players
The major market players in the phosphorous and derivatives market include
- Agrium Inc.
- Mosaic Co.
- Akron OAO
- Innophos Holdings Inc.
- Lanxess AG
- OCP S.A.
- Eurochem
- Yara International ASA
- CF Industries Inc.
- Israel Chemical Ltd.
- and United Phosphorus Limited.
Phosphorus & Derivatives Market by Type
- Ammonium Phosphates
- Industrial Phosphates
- Purified Phosphoric Acid
- Phosphorus Chloride
- Phosphorus Pentoxide
- Phosphorus Pentasulfide
Phosphorus & Derivatives Market by Application
- Fertilizers
- Detergents
- Food Industry
- Water Treatment Chemicals
- Metal Finishing
- Flame Retardant Material
Global Phosphorus & Derivatives Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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