According to a recent report published by Fact.MR, a market research and competitive intelligence provider, the global phosphorus trichloride market is expected to grow at a compound annual growth rate (CAGR) of 4%, reaching a valuation of US$ 2.48 billion by 2032.
Phosphorus trichloride is a key ingredient in the production of glyphosate, an organophosphorus pesticide, and other intermediate pesticides, as well as fungicides, insecticides, herbicides, and more. The production of phosphorus-based fertilizers primarily relies on petroleum products, contributing to greenhouse gas emissions, depletion of fossil fuel resources, and other environmental concerns.
For Critical Insights on Phosphorus Trichloride Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7363
Phosphorus trichloride is also widely used as a fertilizer in the agricultural sector. The market for phosphorus trichloride is expected to experience steady growth, driven by strong demand from the agrochemicals industry in the coming years.
Additionally, the use of phosphorus trichloride in the production of chemicals like triphenylphosphine and phosphites, coupled with the rapid expansion of the global chemicals industry, is fueling demand. This growth is anticipated to contribute a gain of 97 basis points (BPS) to the global phosphorus trichloride market by 2032.
Which Factors Could Restrain Application Demand?
“Toxicity of Phosphorus Trichloride Posing Challenges to Market Growth”
Phosphorus trichloride can have severe harmful effects on human health when exposed. It is highly toxic if swallowed and can be fatal if inhaled. Additionally, it can cause severe burns and scarring if absorbed through the skin. However, consumer exposure is unlikely, as it is not used in commercially available products.
Moreover, phosphorus trichloride is detrimental to aquatic life, as ecotoxicological tests on fish and freshwater invertebrates have shown negative effects, particularly due to the acids formed from its hydrolysis.
These harmful effects are expected to limit the demand for phosphorus trichloride, potentially reducing market growth by 0.3X over the forecast period from 2022 to 2032.
Key Segments Covered in the Phosphorus Trichloride Industry Survey
- Phosphorus Trichloride Market by Grade :
- Pure Grade
- Analytical Grade
- Phosphorus Trichloride Market by End Use :
- Organophosphorus Pesticide
- Organophosphorus Chelating Agent
- Flame Retardants
- Other End-Uses
- Phosphorus Trichloride Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Market Development
The global phosphorus trichloride market is primarily composed of medium-scale manufacturers who tend to consume a significant portion of their production internally. The market is currently experiencing pricing fluctuations, driven by weak demand from downstream industries such as plasticizers, gasoline additives, and catalysts, alongside increased supply from production facilities.
For example, while prices in North America have risen, the Asia Pacific region has seen a decline in prices. Furthermore, leading players in the market are forming strategic partnerships with end-use industries to strengthen their consumer base, while also focusing on the incorporation of advanced products to enhance market presence.
Key players in the Phosphorus Trichloride Market
- Syngenta Crop Protection AG
- Mosaic Company
- Solvay S.A.
- Akzo Nobel N.V.
- Excel Industries
- Shanghai Fopol Chem-Tech Industry Co. Ltd.
- Nutrien Ltd.
Key Takeaways from Phosphorus Trichloride Market Study
- The global phosphorus trichloride market is valued at US$ 1.68 billion and is expected to grow at a compound annual growth rate (CAGR) of 4% through 2032.
- The market recorded a 3% CAGR during the period from 2017 to 2021.
- In terms of product grade, pure phosphorus trichloride leads the market and is forecasted to surpass US$ 2 billion by the end of 2032.
- For end-use applications, organophosphorus pesticides dominate, holding a 41.9% share of the market.
- Regionally, the demand for phosphorus trichloride is anticipated to grow at CAGRs of 4.6% in East Asia and 4.9% in South Asia & Oceania during the forecast period.
- Together, North America and Europe are projected to account for 55.7% of the global market share in 2022.
???????:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Italiano
Russian
Romaian