Over the next few years, the global Phosphorus And Derivatives Market is estimated to have an accelerated growth over the forecast period. As ammonium phosphate is the most common kind of phosphorus, this is driving the need for phosphorus and its derivatives in Asia. Increased demand from application industries such fertilizers, detergents, the food industry, water treatment chemicals, metal finishing, and flame retardant materials is mostly to blame for the industry's rapid expansion.
Global phosphorus and derivatives market was valued at USD 78.94 billion in 2021 and is expected to reach USD 108.03 billion by 2029, registering a CAGR of 4.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Phosphorous is basically a combustible nonmetal which is generally found in two allotropic forms such as white phosphorous and red phosphorous. Among others, phosphoric acid, phosphorous acid, phosphorus oxychloride, phosphorus pentachloride, phosphorus tribromide, sodium hypophosphite, tributyl phosphate, and triethyl phosphate are examples of phosphorous derivatives.
Some of the major players operating in the phosphorus and derivatives market are
- Bayer AG (U.S.)
- Solvay (Belgium)
- Merck KGaA (Germany)
- LAXNESS (Germany)
- PCC Rokita Spólka Akcyjna (Poland)
- ICL (Israel)
- SANDHYA GROUP (India)
- Parchem fine specialty chemicals (U.S.)
- Xuzhou Jianping Chemical Co., Ltd (China)
- Anhui Guangxin Agrochemical Co., Ltd. (China)
- Excel Industries Ltd (India)
- Shandong Futong Chemical Co., Ltd. (China)
- Henan Qingshuiyuan Technology Co., Ltd. (China)
- Jiangsu Tianyuan Chemical Co., Ltd. (China)
- Jiangsu Yoke Technology Co., Ltd. (China)
- Shandong Yangmei Hengtong Chemical Co., Ltd. (China)
- UPL Limited (India)
- Xuzhou Jianping Chemical Co., Ltd. (China)
- Xuzhou Yongli Fine Chemical Co., Ltd. (China)
- Zhejiang Xinan Chemical Industrial Group Co., Ltd, (China)
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Global Phosphorus and Derivatives Market Scope
The phosphorus and derivatives market is segmented on the basis of type, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ammonium Phosphate
- Industrial Phosphate
- Purified Phosphoric Acid
- Phosphorus Chloride
- Phosphorus Pentoxide
- Phosphorus Pentasulfide
- Other
Application
- Fertilizers
- Detergents
- Food Industry
- Water Treatment Chemicals
- Metal Finishing
- Flame Retardant Material
- Other
End-Use Industry
- Automotive
- Building and Construction
- Agriculture
Phosphorus and Derivatives Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Applications of Phosphorus And Derivatives
The industry is expanding quickly as a result of increased demand from sectors like fertilizers, detergents, the food industry, water treatment chemicals, metal finishing, and flame retardants without halogens. The demand for water treatment is the main driver driving the demand for phosphorus and its derivatives, such as phosphorus tribromide, phosphorus pentachloride, adenosine triphosphate, ammonium phosphate, and refined phosphoric acid. Numerous pyrotechnic products, such as fireworks and light projectiles, use elementary phosphorous. Additionally, it is used in the metallurgical sector to create pesticides, industrial oils, and metallic alloys such phosphorous brass. As a phosphatizing agent and as an ingredient for some beverages, phosphoric acid is used to clean metals. As a result, the numerous applications are further projected to have an accelerated growth over the forecasted period.
Furthermore, the industry is expanding thanks to a paradigm shift toward halogen-free alternatives to halogenated flame retardants such organophosphorus. The market is expanding partly due to the rising demand for crops to suit the rising population's growing food needs. Additionally, the global market is expanding due to a decrease in arable land and an increase in demand for essential nutrients for body function.
Opportunities
- Adoption Of Halogen Free Flame Retardants And Increased Usage Across Electric Vehicle
The development and adoption of halogen free flame retardants (HFFR) and the use of biofuels further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing usage of phosphorous in batteries for electric vehicle such as rechargeable lithium iron phosphate batteries will further expand the future growth of the phosphorus and derivatives market.
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