Global Phosphorus Trichloride Market, By Grade (Pure, Analytical Reagent), By Application (Phosphoru

Published Date: June 2019 | Report Code : CH2058769

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The Global Phosphorus Trichloride Market is estimated at USD 2.02 billion in 2019 and expected to reach USD 3.19 billion by 2028, growing at a CAGR of 5.2% during the forecast period. Increasing demand in the chemical industry for the manufacturing of commodity chemicals & agrochemicals is expected to drive the phosphorus trichloride market during the forecast period.

Phosphorus Trichloride Market

Phosphorus Trichloride Market

Phosphorus trichloride is a chemical compound of chlorine and phosphorus. It is white or light yellow in color with a pungent hydrochloric acid smell. The product exists in its pure natural form and can also be synthetically manufactured. It is mainly used in organophosphorus chemical compound synthesis and is a predecessor to chemicals such as phosphorus pentachloride (PCl5), phosphoryl chloride (POCl3), and thiophosphoryl chloride (PSCl3).

Pure grade PCl3 has a 96% to 99% content concentration and is lower in purity than the grade of the analytical reagent. The analytical reagent grade is the most used type of phosphorus trichloride grade. In 2018, the pure segment represented the major percentage of the global phosphorus trichloride market. During the forecast period, the segment is projected to maintain its dominance. The analytical reagent grade forms a small portion of the global demand for PCl3. Given its high purity, this grade of PCl3 is expensive. During the forecast period, the segment is expected to grow rapidly. Owing to its emerging applications in the pharmaceutical industry, the analytical reagent category is anticipated to generate lucrative possibilities in the phosphorus trichloride market during the forecast period.

Phosphorus Trichloride Market

Phosphorus Trichloride Market

The segment of agrochemicals has the dominant share of the global phosphorus trichloride market for trichloride phosphorus. During the forecast period, the segment is anticipated to sustain its dominance. Due to the increase in pesticide and herbicide consumption internationally, the agrochemicals sector is expected to be appealing in terms of growth rate during the forecast period. In the forecast period, phosphorus oxychloride and plasticizers are also probable to be high-potential segments of the global phosphorus trichloride market for phosphorus trichloride. Phosphorus trichloride is an excellent reagent used in the production of flame retardants and plasticizers. There were 33.4 million rheumatic heart disease cases and 10.5 million disability-adjusted life-years due to rheumatic heart disease globally, according to the New England Journal of Medicine. Hence, the growth of the phosphorus trichloride market is driven by the growing consciousness of heart-related and sexually transmitted diseases. However, according to EU Directive 67/548/EEC, it is categorized as highly toxic and corrosive, which may threaten market growth during the forecast period. In addition, the National Institute for Occupational Safety & Health (NIOSH) and the Association for Occupational Safety and Health (OSHA) have laid constraints on product usage.

Because of the elevated demand for chemicals and agrochemical industries, Asia Pacific is expected to lead the global phosphorus trichloride market. The use of phosphorus trichloride in fertilizer, insecticides, and pesticides production is the primary market driver in this region. The increasing demand for greater crop productivity integrated with the growing population is destined to boost the growth of the phosphorus trichloride market in the upcoming years. The North American market is driven mainly by the elevated demand from robust chemical industries in this region for phosphorus trichloride. In addition to this, the demand for pharmaceuticals in the US is fervently driving the growth of the phosphorus trichloride market. In the global phosphorus trichloride market, Europe is another notable region due to the increasing demand from major end-use sectors such as chemicals, plastics & polymers and others. Finally, the Middle East is expected to show significant development due to the growing demand for agrochemicals and pesticides owing to enhanced consumer safety consciousness and food production demand. A lack of agricultural land in the Middle East fuels the demand for food production.

Key Factors Impacting the Growth of Phosphorus Trichloride Market:

  • Increasing demand in the food processing industry owing to an increasing global population.
  • Increasing demand in wastewater treatment plants
  • Health concerns about the use of PCl3 due to its toxic nature
  • Stringent government regulations regarding the use of PCl3

Key Developments in the Phosphorus Trichloride Market:

  • In November 2017, specialty chemicals company LANXESS successfully completed the purchase of the phosphorus chemicals business from Belgian chemicals group Solvay including its U.S. production site in Charleston, South Carolina.
  • On 21st April 2017, specialty chemicals company LANXESS has successfully completed the acquisition of US company Chemtura, one of the world’s leading suppliers of flame retardant and lubricant additives.

What Does This Report Provide?

This report provides a detailed understanding of the global phosphorus trichloride market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the phosphorus trichloride market.

Market Segmentation:

By Grade:

  • Pure
  • Analytical Reagent

By Application:

  • Phosphorus Oxychloride
  • Chemical Intermediates
  • Agrochemicals
  • Plasticizers
  • Pharmaceutical Additive
  • Others

By Region:

North America

  • By Country (US, Canada, Mexico)
  • By Grade
  • By Application

Western Europe

  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Grade
  • By Application

Eastern Europe

  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Grade
  • By Application

Asia Pacific

  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Grade
  • By Application

Middle East

  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Grade
  • By Application

Rest of the World

  • By Region (South America, Africa)
  • By Grade
  • By Application

Companies Covered: Monsanto Company, Solvay Chemicals Co., Merck KGaA, LAXNESS, PCC Rokita, ICL, SANDHYA GROUP, Alfa Aesar, Thermo Fisher Scientific, Parchem fine & specialty chemicals, and Xuzhou Jianping Chemical Co. Ltd.

Years Considered In The Study

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

5.2%

 

Reasons to Buy This Report:

  • Market size estimation of the global phosphorus trichloride market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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