Phosphorus Trichloride Market (By Grade: Analytical Reagent, Pure; By Application: Agrochemicals, Chemical Intermediates, Phosphorus Oxychloride, Pharmaceuticals, Plasticizers, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

According to Acumen Research and Consulting, the global Phosphorus Trichloride market is expected to grow at noteworthy CAGR around 5 % throughout the forecast period and reach around US$ 2.2 billion by 2026.

Phosphorus trichloride is a fluid that smokes colorlessly or slightly yellow. Similar to hydro chlorine acid, it is pungent in its smell. It is mainly used for the manufacture of agrochemicals and flame retardants as a chemical intermediate. Also used as a plasticizer for the production of plastic is phosphorous trichloride. It is used in agrochemical products. Population increase and urbanization are driving farming. In turn, this increases demand for phosphorus containing mineral fertilizer. In the manufacture of chemicals like triphenylphosphine and phosphites, Phosphorus trichloride is used as an intermediate product. The worldwide chemical industry is expected to expand with intermediate demand for phosphorus trichloride over the forecast period.

The report provides analysis of global Phosphorus Trichloride market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

A growing demand for commodities chemical products and agrochemicals mainly drives the global phosphorus trichloride sector. Organophosphonates, which will drive market growth, are used in different water treatment processes such as cleaners, chelating agents, inhibitors of corrosion, and scaling agents. Another major driving factor in market growth is the increasing demand for agrochemicals to meet the growing consumption needs of a rapidly growing population. It is a key ingredient in the production of gasoline additives, expected to boost growth in the market due to high efficiency and improved quality carburants. Furthermore, due to the use of PVC for improved flexibility, plasticity and durability, the high demand for phosphorus trichloride as plasticizer increases the market growth. The product is a raw material for the drug Sulfadiazine used in disease prevention like rheumatic fever, chancroid, chlamydia, and Haemophilus influenzae infections. There were 33,4 million cases of rheumatic cardiac disease and 10,5 million years of disability-adjusted life worldwide due to rheumatic cardiovascular disease, according to the New England Journal of Medicine. The growing sensitivity to cardiovascular and sexually transmitted conditions drives market growth. It is also used in rubber metal electrodeposition and flame retardant production.

However, under the EU directive 67/548/EEC it is considered extremely toxic and corrosive, and this may challenge market growth during the evaluation period. The National Institute for Safety and Health at the Workforce (NIOSH) and the OSHA have also imposed restrictions on product exposure.

Market Insights

Pure grade has 96% to 99% phosphorus and is less than the analytical reagent grade. Pure grade It is the usual grade of trichloride phosphorus. In 2018, the pure segment was the world's leading share in trichloride phosphorus. During the forecast period the sector is estimated to maintain its dominance. The grade of analytical reactants is a small proportion of the demand on the global market. Given its high purity, the grade is expensive. During the forecast period, the segment is expected to expand quickly. Due to its new applications in the pharmaceutical industry, the analytical reagents segment will generate profitable opportunities in the phosphoric trichloride market over the forecast period.

As regards the application, a global phosphorus trichloride market (including surfactants, oil additives and dyestuffs) has been divided into phosphorus oxychloride, chemical intermediate products, agrochemicals, plasticisers, pharmaceuticals, etc.. The sector agrochemicals holds the dominant part of the world market for trichloride phosphorus. During the forecast period, the segment is expected to remain dominant. Due to an increase in pesticide and herbicide consumption around the world, the agrochemicals sector is expected to be attractive in terms of growth during the forecast period. Phosphorus and plasticisers also are likely in the global phosphorus trickloride market to be high-potential segments in the forecast period. Phosphorus Trichloride has been used to produce flammable retardant and plasticisers as a preferred and effective agent.

The energy needed to mine and process phosphate rock and produce phosphorus-derived fertilizers is usually obtained from fossil fuels. This results in additional emissions of greenhouse gas (GHG), reduced fossil fuel resources and pollution. Given that the non-renewables and weakening of resources are fossil fuels and phosphorus, the costs of processing and processed phosphorus are expected to increase over the coming years. Therefore, the growth in the price of phosphorus is expected to impair the global trichloride phosphorus market in the near future significantly.

Regional Stance

The global trichloride phosphorous market can be divided into North America, Europe, Asia-Pacific, the Middle East, Africa and Latin America on a regional basis. In 2018, Asia Pacific dominated the world market for trichloride phosphorus. It is also a leading phosphorus trichloride producer and concentrates the majority of production in China. The presence in China of large numbers of phosphorus trichloride producers has boosted the country's market. In Europe demand for phosphorus trichloride will increase at a low pace as the market is mature. In North America the demand for phosphorus trichloride will increase at modest rates throughout the projected period as the demand for agrochemicals in the region increases. The growth of the phosphorus trichloride demand in agrochemicals is estimated to be rapid in the forecast period in Latin America.

Market Segmentation

Global Phosphorus Trichloride Market, By Grade

• Analytical Reagent
• Pure

Global Phosphorus Trichloride Market, By Application

• Agrochemicals
• Chemical Intermediates
• Phosphorus Oxychloride
• Pharmaceuticals
• Plasticizers
• Others

Global Phosphorus Trichloride Market, By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa (MEA)

The market research study on “Phosphorus Trichloride Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Phosphorus Trichloride market segments with market dynamics and their impact. The report also covers basic technology development policies.

An overview of the market and its main concerns is a comprehensive analysis of the global Phosphorus Trichloride market. Market dynamics encompasses drivers, restraints and opportunities to simplify the behavior of the market. A thorough study into the products and geographic segments that would help to understand current market trends is presented in the Section on Market Segmentation. The analytics from Porter's Five Force could be useful in determining market profitability for strategists. The cost of the purchaser to switch a Phosphorus Trichloride product is low and the supplier has low negotiating power. Phosphorus Trichloride products are less varied and the threat of new entrants is increasing. The threat of substitutes increases with low cost change for consumers and the accessibility of alternative therapies. Many competitors are present on the market and industrial rivalry is intense.

Key Players & Strategies

The phosphorus trichloride market is fragmented. In the market are there are numerous large as well as medium-sized manufacturers. Mosaic, Monsanto, Syngenta, Solvay SA and Akzo Nobel N.V are the main players operating on the market. Most players prefer phosphorus trichloride captive consumption. The company overview, business strategies and latest developments have profiled market players.