Phosphorous Trichloride Market, Size, Share, Growth, ana Marketing Strategy Analysis, Forecast To 2022
According to the latest report published by Credence
Research, Inc. “Phosphorous Trichloride Market -
Growth, Future Prospects and Competitive Analysis,
2017-2025,” the global phosphorous trichloride market was valued at
US$ 1.37 Bn in 2016, and is expected to reach US$ 2.27 Bn by 2025, expanding at
a CAGR of 5.0% from 2017 to 2025.
Browse the full report
Phosphorous Trichloride Market - Growth, Future Prospects and Competitive
Analysis, 2017–2025 at http://www.credenceresearch.com/report/phosphorous-trichloride-market
Market Insights
The global phosphorous chloride
(PCl3) market has witnessed significant growth in the last decade supported by
the proliferation of chemical and agrochemicals industry. Growing demand for
food and food products has led to rise in use of chemical based pesticides and
other agrochemicals to ensure healthy harvest has turned out to be a
significant growth factor for phosphorous trichloride market. It is anticipated
that the global phosphorous trichloride market will experience gradual growth
through the forecast period; however, fluctuation in production and processing
costs may hold back the growth of this market.
Between pure and analytical reagent
types, pure grade phosphorous trichloride leads the global market. Wide use
across every application and usage area contributes to the dominance of this
segment. Pure grade phosphorous is extensively used of agrochemicals, as a
plasticizer and several other downstream applications. However, the demand for
analytical grade phosphorous trichloride is anticipated to escalate during the
forecast period attributed by upswing in life sciences and biotechnology
research worldwide.
Based on application areas, this
report studies the global phosphorous trichloride market for organophosphorus
pesticides, flame retardants, organophosphorus chelating agents, Plastic
additives and other applications. Among the considered application areas,
organophosphorous pesticides occupies the largest revenue and volume share
globally. Being the largest downstream consuming area, organophosphorous
pesticides capture over 65% of the global market share in 2016. This segment is
majorly driven by growing plantation areas due to increasing demand for food
and agricultural products. The market for organophosphorous chelating agents is
anticipated to witness the fastest growth rate during the forecast period due
to growing research and commercialization initiatives taken in biotechnology,
life sciences and pharmaceutical space.
Based on geographical distribution,
Asia Pacific is anticipated to be the largest market for phosphorous
trichloride, both in terms of revenue and volume. Proliferation of downstream
industries such as plastics, agrochemicals and pharmaceuticals in the emerging
economies of this region is the premier driver of Asia Pacific phosphorous
trichloride market. North America market or phosphorous trichloride is
anticipated to the major trends on the global front. Other countries such as
Germany, Italy, France, Brazil and others will also noticeably contribute to
the global market revenue.
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