Global Phosphorus Trichloride Market – Industry Trends and Forecast to 2029

Global Phosphorus Trichloride Market, By Type (Superior Grade, First Grade, Sequestrants, Others), Application (Chemical Intermediate, Agrochemicals, Gasoline Additive, Plasticizer, Pharmaceuticals, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

The phosphorus trichloride market is majorly driven by rising demand for manufacturing commodities such as agrochemicals and chemicals. Phosphorus trichloride are used in a several water treatment processes as corrosion inhibitors, cleaners, chelating agents, and anti-scaling agent which is expected to drive the market growth. The surging demand for agrochemicals to meet the increasing consumption needs of rapidly increasing population is another major factor for market growth. Phosphorus trichloride is also a necessary industrial chemical because it is used to manufacture many other important chemicals.

Data Bridge Market Research analyses that the phosphorus trichloride market was valued at USD 1.63 billion in 2021 and is expected to reach USD 2.24 billion by 2029, registering a CAGR of 4.06 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

Phosphorus trichloride is the most common inorganic phosphorus halides compound made up of one phosphorus and three chlorine atoms. It exists in a liquid state and volatile in nature. Phosphorus trichloride is a very reactive in nature and It shows explosivity when it reacts with water. Phosphorus trichloride cannot be acquired from nature in its natural form. It is obtained only from the synthesis of organic substances. Phosphorus trichloride is very corrosive, poisonous and toxic in nature, hence, it should not come in direct contact with skin and eyes, and it also should not be directly ingested or inhaled.

Phosphorus Trichloride Market Dynamics

Drivers

• Used as an intermediate

Phosphorus trichloride is used as an intermediate to produce other chemicals compound and also form variety of products which will used in numerous applications like agricultural products, additives for lubricants, surfactants, metal extractants, flame retardants, stabilizers for plastics, etc. Due to several product formation increases the demand for phosphorus trichloride, which is expected to drive the market growth rate.

• High demand in agrochemical industry

The growth of the global phosphorus trichloride market is expected to be influenced by high demand for this chemical from several end user industries such as agrochemical. Phosphorus trichloride is widely used in the form of pesticide intermediate in agrochemical industry. This compound is extensively used in making organophosphorus pesticides, for instance, glyphosate. Glyphosate an example of pesticides are an active component of many herbicides, fungicides and insecticides.

Opportunities

Growing demand for agrochemicals to meet the increasing need of population is anticipated to enhance the growth of the market. Demand for Phosphorus trichloride is rising due to the strengthening market for agrochemicals to adhere to the upcoming demand of the community, which is expected to magnify business germination. Some of the other factors like increasing awareness about the heart related & sexually transmitted disease, increasing usage in the production of gasoline additives, and rising usage in the different water treatment processes will further create the beneficial opportunities for the growth of the phosphorus trichloride market in forecast period.

Restraints/ Challenges                                                                                               

Growing implementation of stringent rules regarding the use of concentrated pesticides, fertilizers, insecticides, and others is hampering the sales of the phosphorus trichloride across the organophosphorus pesticide segment. Also, some health Side effects like as dizziness, headache, emphysema, loss of appetite and vomiting due to the exposure to phosphorus trichloride are hindering its usage in commercial applications, thereby, hampering the growth of the phosphorus trichloride market.

This phosphorus trichloride market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the phosphorus trichloride market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In February 2022, Mosaic Company, a global leader in the crop nutrient industry, announced acquiring a leader in agricultural biotechnological and biological, Plant Response, to grow agrochemical production.
• In January 2022, Syngenta, a leading agriculture company, announced that they were acquiring two next-generation bioinsecticides, NemaTrident and UniSpore, from Bionema, a U.K.-based biocontrol technology developer.

Global Phosphorus Trichloride Market Scope

The phosphorus trichloride market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Superior Grade
• First Grade
• Sequestrants
• Others

 Application

• Chemical Intermediate
• Agrochemicals
• Gasoline Additive
• Plasticizer
• Pharmaceuticals
• Others

Phosphorus Trichloride Market Regional Analysis/Insights

The phosphorus trichloride market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the phosphorus trichloride market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the phosphorus trichloride market in terms of revenue during the forecast period. This is due to the increasing demand for phosphorus trichloride in this region. The Asia-Pacific region dominates the phosphorus trichloride market due to rising demand from agrochemical and chemical industries and development in end user industries such as pharmaceuticals.

During the expected period, North America is anticipated to be the fastest developing region high demand for phosphorus trichloride from robust chemical industries in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Phosphorus Trichloride Market Share Analysis

The phosphorus trichloride market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to phosphorus trichloride market.

Some of the major players operating in the phosphorus trichloride market are:

• Bayer AG (U.S.)
• Solvay (Belgium)
• Merck KGaA (Germany)
• LAXNESS (Germany)
• PCC Rokita Spólka Akcyjna (Poland)
• ICL (Israel)
• SANDHYA GROUP (India)
• Parchem fine & specialty chemicals (U.S.)
• Xuzhou Jianping Chemical Co., Ltd (China)
• Anhui Guangxin Agrochemical Co., Ltd. (China)
• Excel Industries Ltd (India)
• Shandong Futong Chemical Co., Ltd. (China)
• Henan Qingshuiyuan Technology Co., Ltd. (China)
• Jiangsu Tianyuan Chemical Co., Ltd. (China)
• Jiangsu Yoke Technology Co., Ltd. (China)
• Shandong Yangmei Hengtong Chemical Co., Ltd. (China)
• UPL Limited (India)
• Xuzhou Jianping Chemical Co., Ltd. (China)
• Xuzhou Yongli Fine Chemical Co., Ltd. (China)
• Zhejiang Xinan Chemical Industrial Group Co., Ltd, (China)