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Phosphorus Trichloride Market to Accumulate Revenue of US$ 2.48 Billion by 2032, Fact.MR Analysis

phosphorus-trichloride-market-forecast-2022-2032

The phosphorus trichloride market was estimated to be worth US$1.63 billion, registering 3% year-on-year growth over the previous five years in 2021. The global market is expected to reach US$ 2.48 billion by 2032, growing at a CAGR of 4% between 2022 and 2032.

Because of the increased use of phosphorus trichloride as an intermediate to make chemicals and other related goods, the global market is predicted to generate an absolute dollar opportunity worth US$ 798.6 million during the assessment period.

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Key Pioneers

  • Syngenta Crop Protection AG
  • Mosaic Company
  • Solvay S.A.
  • Akzo Nobel N.V.
  • Excel Industries
  • Shanghai Fopol Chem-Tech Industry Co. Ltd.
  • Nutrien Ltd.
  • Guangzhou Zoron Chemical Technology Co. Ltd.
  • Lanxess
  • LianYunGang Dongjin Chemical Co. Ltd.
  • Italmatch Chemicals

Key Takeaways from Phosphorus Trichloride Market Study

  • The global phosphorus trichloride market is estimated at US$ 1.68 billion and is projected to expand at 4% CAGR through 2032
  • The market witnessed 3% CAGR during the period 2017-2021.
  • Under the grade segment, pure phosphorus trichloride dominates and is predicted to be valued at over US$ 2 billion by the end of 2032.
  • Under end use, organophosphorus pesticides dominate the market with 41.9% market share.
  • Based on region, demand for phosphorus trichloride is expected to increase at CAGRs of 4.6% and 4.9% in East Asia and South Asia & Oceania, respectively, over the forecast period.
  • Together, North America and Europe are likely to represent 55.7% of the overall market share in 2022.

Market Trends 

  • Increased demand in agrochemicals due to the need for higher agricultural productivity.
  • Growing usage in pharmaceutical and chemical industries for various applications.
  • Stricter environmental and safety regulations prompting research into safer alternatives.
  • Asia-Pacific, especially China and India, dominating the market due to industrial and agricultural growth.
  • Ongoing technological advancements leading to more efficient production methods.
  • Supply chain disruptions emphasizing the need for diversified supply chains.
  • Price volatility affected by raw material costs and geopolitical events.
  • A focus on sustainable manufacturing practices.
  • Ongoing research and development to explore new applications and processes.

Key Driving Forces Accelerating the Market Growth

The global phosphorus trichloride market consists of medium-scale manufacturers preferring captive consumption of phosphorus trichloride. The market is witnessing pricing fluctuations, owing to discouraging demand from downstream plasticizers, gasoline additives, catalysts, etc., and enhanced supply from production units.

For instance, while North America saw a rise in prices, Asia Pacific witnessed a decline in prices. In addition, key players in the market are collaborating with end-use industries to establish a strong consumer base along with incorporating advanced products.

Industry Survey

  • by Grade :
    • Pure Grade
    • Analytical Grade
  • by End Use :
    • Organophosphorus Pesticide
    • Organophosphorus Chelating Agent
    • Flame Retardants
    • Other End-Uses
  • by Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

The report answers numerous pertinent questions, some of which are:

  • What are some of the latent areas of investments in the market?
  • Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
  • What trends are likely to change the status quo of the positions held by leading players of the market in the not-so-distant future?
  • Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
  • What are the strategies adopted by top players to retain their stronghold in the market?
  • Which strategic moves will new entrants adopt to gain a strong foothold in the market?
  • How businesses can respond, manage, and mitigate the risks?

Choosing Fact.MR – Reasons to Stay Ahead of the Curve

  • Provides latest and comprehensive details of industry trends
  • Provides round the clock support to clients for foolproof solutions
  • Provides help with supply chain augmentation
  • Provides optimal, innovative, and viable business solutions
  • Provides custom or tailor made reports to fit the dynamic and specific needs of client

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