PUNE, India, August 21, 2015 /PRNewswire/ --
The report "Phosphorus & Derivatives Market by Type (Ammonium Phosphates, Industrial Phosphates, Phosphorus Chloride, Phosphorus Pentoxide, and Others) by Application (Fertilizers, Detergents, Food Industry, and Others) & by Region - Global Forecast to 2020", published by MarketsandMarkets, The market size of Phosphorus & Derivatives in terms of value is projected to reach USD 75.9 Billion by 2020, at a CAGR of 3.5% between 2015 and 2020.
Browse 86 Tables and 78 Figures spread through 194 Pages and in-depth TOC on "Phosphorus & Derivatives Market"
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The market report defines and segments the phosphorus & derivatives market and forecasts the market size by value and volume.
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The phosphorus & derivatives market is mainly driven by essential nutrient for body functioning, increasing population, introduction and development of Halogen Free Flame Retardants (HFFR), decreasing arable land, increasing use of bio-fuels, and increasing demand for water treatment. The key factors restraining this market include regulations on phosphorus usage in detergents, conservation of resources, decreasing quality of phosphate rock. The opportunities for phosphorus & derivatives market are Improved Hard Process (IHP) for kiln phosphoric acid production and use of phosphorus in batteries for electric vehicles.
Ammonium phosphate is the key product of phosphorus & derivatives followed by industrial phosphate and purified phosphoric acid. Ammonium phosphate is the largest segment and accounts for more than 58.1% share of phosphorus & derivatives market. The Asian region dominated the demand for ammonium phosphate type of phosphorus & derivatives, followed by Americas and Europe. The phosphorus chloride segment is projected to register the highest CAGR of 4.5% between 2015 and 2020.
Fertilizers are the key application of phosphorus & derivatives followed by detergents and the food industry. Fertilizers are the largest application in the phosphorus & derivatives market and account for more than 86.1% share of the market. The flame retardants material application is projected to register the highest CAGR of 7.7% between 2015 and 2020.
The leading players in the market include the Agrium Inc. (Canada), OCP S.A. (Africa), The Mosaic Company (U.S), Eurochem (Russia), Yara International ASA (Norway), Akron OAO (Russia), CF Industries Holdings, Inc. (U.S.), Innophos Holdings, Inc. (U.S.), Israel Chemical Ltd. (Israel), Lanxess AG (Germany), and United Phosphorus Limited (India).
The report includes the phosphorus & derivatives market and its trends in six regions, Asia, Americas, Europe, Africa, Oceania, and The Middle East. The market has also been analyzed on the basis of applications, such as fertilizers, detergents, the food industry, water treatment chemicals, metal finishing, and flame retardants material. The market has also been segmented and analyzed on the basis of types which include ammonium phosphate, industrial phosphate, phosphoric acid, phosphorus chloride, phosphorus pentasulfide, and phosphorus pentoxide.
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