Phosphorus Trichloride Market is Expected to Reach US$ 1.92 Bn in 2024; Increasing Usage of Pesticides to Improve Crop Yields to Boost Growth, Says TMR

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Apr 11, 2017, 09:30 ET

ALBANY, New York, April 11, 2017 /PRNewswire/ --

Transparency Market Research has published a new report titled "Phosphorus Trichloride (Pure and Analytical Reagent) Market for Phosphorus Oxychloride, Chemical Intermediates, Agrochemicals/Pesticides, Plasticizers, Pharmaceuticals and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024." According to the report, the global Phosphorus Trichloride market was valued at US$ 1.23 Bn in 2015 and is anticipated to reach US$ 1.92 Bn by 2024, expanding at a CAGR of 5.2% from 2016 to 2024.

Phosphorus trichloride is a colorless or slightly yellow fuming liquid. It retains a pungent odor reminiscent to that of hydrochloric acid. It is widely used as a chemical intermediate in the manufacturing of agrochemicals and flame retardants. Expanding usage of pesticides, especially in Asia Pacific and growing need to manufacture flame retardants for various end uses such as automobiles, airplanes, textiles, etc. is anticipated to drive the phosphorus trichloride market for the next few years. It is majorly used in the manufacturing of insecticides, pesticides, herbicides, etc.

Pure grade phosphorus trichloride held more than 95% volume share in the global phosphorus trichloride market in 2015. It is projected to grow at a relatively faster rate during the forecast period. It is manufactured by the reaction of chlorine with white/red phosphorus upon heating in a retort and condensing the phosphorus trichloride vapors in a cooled dry receiver. It is widely used in the production of agrochemicals, phosphorus oxychloride, and plasticizers. In terms of revenue, analytical reagent grade phosphorus trichloride are likely to grow at a CAGR of more than 5.5% between 2016 and 2024. Analytical reagent grade is expensive than pure grade on account of high purity.

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Agrochemicals/pesticides application dominated the global phosphorus trichloride market and accounted for nearly 65% volume share in 2015. Phosphorus trichloride is used in the manufacturing of pesticides, herbicides and insecticides. This application is projected to grow at a CAGR of nearly 5.5% from 2016 to 2024. In terms of value, phosphorus oxychloride application held more than 12% share in the global phosphorus trichloride market in 2015. Pharmaceutical application is anticipated to grow at a relatively slower rate during the forecast period.

In terms of volume and value, Asia Pacific held predominant share in the global phosphorus trichloride market in 2015. This trend is anticipated to remain the same during the forecast period. China is the major consumer of phosphorus trichloride in Asia Pacific as well as the global market. Expansion of the phosphorus trichloride market in the Asia Pacific is primarily driven by the expansion of major manufacturing facilities of end-user industries. The phosphorus trichloride market in Europe is likely to grow at a moderate pace during the forecast period. The U.S. and China are the key consumers of phosphorus trichloride in the global phosphorus trichloride market.

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Some of the key players in the phosphorus trichloride market include Monsanto Company, Rhodia, Charleston, S.C., Syngenta, Mosaic Company, Solvay Chemicals, Akzo Nobel N.V, Shanghai Fopol Chem-Tech Industry Co., ltd., Potash Corporation of Saskatchewan, Guangzhou Zoron Chemical Technology Co., ltd., Lanxess AG, Lian YunGang Dongjin Chemical Co., ltd., Binhai Wuzhou Chemical Co., ltd., Yixing Dongchang Chemical Co., ltd., Punjab Chemicals and Crop Protection Limited, Excel Industries Limited, Sandhya Group, Duc Giang Chemicals and Detergent Powder, Xuzhou JianPing Chemical Co., Ltd. and United Phosphorus Limited

The report segments the global phosphorus trichloride market into:

Phosphorus Trichloride Market - Grade Analysis
- Pure
- Analytical Reagent
Phosphorus Trichloride Market - Application Analysis
- Phosphorus Oxychloride
- Chemical intermediates
- Agrochemicals / Pesticides
- Plasticizers
- Pharmaceutical
- Others (Oil additives, surfactants, etc.)
Phosphorus Trichloride Market - Regional Analysis
- North America
  - U.S.
  - Canada
- Europe
  - France
  - U.K.
  - Germany
  - Italy
  - Spain
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - ASEAN
  - India
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Mexico
  - Rest of Latin America
- Middle East and Africa
  - GCC
  - South Africa

Rest of Middle East and Africa

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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