Phosphorus & derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
- Transparency Market Research
Phosphorous is a combustible non metal which is found in two allotropic forms namely, white phosphorous and red phosphorous. The derivatives of phosphorous include phosphoric acid, phosphorous acid, phosphorus oxychloride, phosphorus pentachloride, phosphorus tribromide, sodium hypophosphite, tributyl phosphate, and triethyl phosphate among others.
Elementary phosphorous is used in a number of pyrotechnic applications which include luminous projectiles and fireworks. It is also deployed in the metallurgical industry for forming metallic alloys like phosphorous brass and for producing insecticides or as an additive in industrial oils. Phosphoric acid is used in the cleaning of metals as a phosphatizing agent and is also used as an additive for certain drinks. However phosphorous has its dominant application in fertilizers. It is an essential plant nutrient and is often used as a limiting nutrient for many crops. Phosphorous is used widely for the production of organophosphotous compounds and these compounds have various applications such as flame retardants, water treatment, plasticizers and pesticides among others. Phosphorous is a vital component for steel production. In addition, phosphoric acid which is made from phosphorous is used for certain food applications, such as in aerated drinks. A derivative of phosphoric acid name sodium tripolyphosphate is used in detergents, but this is banned in a few countries.
The factors which are primarily driving the phosphorus & derivatives market are increasing demand for water treatment, development and introduction of halogen free flame retardants (HFFR) and increase in the usage of bio-fuels. A paradigm shift to halogen free from halogenated flame retardants such as organophoshorus flame retardants is positively impacting the market growth. Growing needs of crops to meet the food requirements of the increasing population is largely boosting the growth of the market. Furthermore, decreasing arable land and increase in demand for vital nutrients for body functioning is also fuelling the growth of the global market. However, deteriorating quality of phosphate rock, stringent regulations on usage of phosphates in detergents and conservation of resources are the major factors that are restraining this market. The usage of phosphorous in batteries for electric vehicle such as rechargeable lithium iron phosphate batteries is presenting potential growth opportunities to the global market.
The global phosphorus & derivatives market can be bifurcated on the basis of product type into ammonium phosphates, phosphorus pentoxide, purified phosphoric acid, phosphorus pentasulfide, industrial phosphates and phosphorus pentasulfide. The global market can be classified on the basis of application into fertilizers, detergents, metal finishing, water treatment chemicals, food industry and flame retardant material. In addition, the market can be geographically divided into five broad regions, namely: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America. The market is witnessing steady growth in Asia Pacific and this region is expected to hold the largest share of the global market during the forecast period owing to the high production and consumption of ammonia phosphate in Asia.
Some of the major players of the phosphorus & derivatives market are Agrium Inc, Yara International ASA, Mosaic Co, Eurochem, Innophos Holdings, Inc., Akron OAO, United Phosphorus Limited, CF Industries Holdings, Inc, Lanxess AG and Israel Chemical Ltd. among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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