Global Phosphorus and Derivatives Market, By Product (Phosphoric Acid, Ammonium Phosphate, Phosphorus Pentoxide, Phosphorus Chloride, Phosphorus Sulfide, Industrial Phosphate, Hypophosphorus Acid, Tricalcium Phosphate, Triethyl Phosphate, Phosphorus Tribromide, Trichlorophosphate, Adenosine Triphosphate, and Others), Form (Dry and Liquid), Application (Fertilizers, Food and Drink Additives, Detergents, Metal Finishing, Water Treatment Chemicals, Quantum Dots, Flame Retardant Material, and Others), End User (Agriculture, Food & Beverage, Pharmaceuticals/Healthcare, Chemical Processing, Automotive, Home Care, and Others), Allotropes (Red Phosphorous and White Phosphorous) - Industry Trends and Forecast to 2030.
Phosphorus and Derivatives Market Analysis and Insights
Phosphorous and phosphoric acid refers to crystalline acid that is generally weak, colorless, and odorless. These inorganic materials are corrosive to the ferrous metal & alloys and possess good solubility in water. These tend to decompose in high temperatures. These may form toxic fumes when combined with alcohol. It gives soft drinks a tangy flavor and prevents the growth of mold and bacteria, which can multiply easily in a sugary solution. Most of the soda's acidity also comes from phosphoric acid.
The driving factors that may be responsible for the growth of the global phosphorus and derivatives market are the rapid growth in the agriculture, food, and food and beverages sector. However, the stringent government regulations on phosphorus and derivatives usage are expected to restrain the market.
On the other hand, strategic initiatives by market players and the rise in the agriculture field and the food and beverages industries may act as an opportunity to grow the global phosphorus and derivatives market. The risks associated with overusing phosphate-based products may create challenges for the global phosphorus and derivatives market. There are some recent developments related to the global phosphorus and derivatives market.
However, the harmful effects of phosphorus and derivatives on the environment are expected to hamper the growth of the global phosphorus and derivatives market in the forecast period.
Data Bridge Market Research analyzes that the global phosphorus and derivatives market is expected to reach the value of USD 96,344,321.78 thousand by 2030, at a CAGR of 4.14% during the forecast period. Phosphoric acid is the largest product segment in the market due to the growing use of phosphorus in the global phosphorus and derivatives market.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (2015 -2020)
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Quantitative Units
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Revenue in USD Thousands
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Segments Covered
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Product (Phosphoric Acid, Ammonium Phosphate, Phosphorus Pentoxide, Phosphorus Chloride, Phosphorus Sulfide, Industrial Phosphate, Hypophosphorus Acid, Tricalcium Phosphate, Triethyl Phosphate, Phosphorus Tribromide, Trichlorophosphate, Adenosine Triphosphate, and Others), Form (Dry and Liquid), Application (Fertilizers, Food and Drink Additives, Detergents, Metal Finishing, Water Treatment Chemicals, Quantum Dots, Flame Retardant Material, and Others), End User (Agriculture, Food & Beverage, Pharmaceuticals/Healthcare, Chemical Processing, Automotive, Home Care, and Others), Allotropes (Red Phosphorous and White Phosphorous)
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Countries Covered
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U.S., Canada, and Mexico, Russia, U.K., Germany, France, Italy, Spain, Netherlands, Poland, Sweden, Belgium, Ireland, Austria, Denmark, Finland, Romania, Czech Republic, Portugal, Greece, Hungary, Slovakia, Luxembourg, Bulgaria, Croatia, Lithuania, Slovenia, Latvia, Estonia, Republic of Cyprus, Malta, Japan, China, South Korea, India, Australia, Singapore, Thailand Taiwan, Hong Kong, New Zealand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Morocco South Africa, Saudi Arabia, United Arab Emirates, Qatar, Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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ANEXIB Chemicals, Nippon Chemical Industrial CO., LTD., The Mosaic Company, LANXESS, Solvay, Ma'aden, ICL, Xuzhou JianPing Chemical Co., Ltd., Anhui Guangxin Agrochemical Co., Ltd., Futong Chemical Co., Ltd, Excel Industries Ltd., Nutrien Ltd., OCP, Strem, Kazphosphate LLC, PhosAgro Group of Companies, SMC Global, SANDHYA GROUP, Sekisui Diagnostics, Airedale Chemical Company Limited, EuroChem Group, Innophos, Aditya Birla Management Corporation Pvt Ltd., Jordan Phosphate Mines Company, and PCC Rokita Spółka Akcyjna among others.
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Global Phosphorus and Derivatives Market Definition
Phosphorous is a combustible nonmetallic element generally found in two allotropic forms: white phosphorous and red phosphorous. Phosphoric acid, phosphorous acid, phosphorus oxychloride, phosphorus pentachloride, phosphorus tribromide, sodium hypophosphite, tributyl phosphate, and triethyl phosphate are such derivatives of phosphorous. Phosphorus derivative phosphoric acid is a crystalline acid generally weak, colorless, and odorless. These inorganic materials are corrosive to the ferrous metal & alloys and possess good solubility in water. These tend to decompose in high temperatures. These may form toxic fumes when combined with alcohol. It gives soft drinks a tangy flavor and prevents the growth of mold and bacteria, which can multiply easily in a sugary solution. Most of the soda's acidity also comes from phosphoric acid.
Phosphorus is first turned into phosphorus pentoxide through a chemical manufacturing process. It's then treated again to become phosphoric acid.
Global Phosphorus and Derivatives Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing demand for fertilizers in agriculture industry
Phosphoric acid produces several fertilizers, including DAP, MAP, NPKs, and SSP.
Diammonium phosphate (DAP) is the most popular phosphatic fertilizer because of its physical properties. The composition of DAP is N-18% and P2O5 -46%. DAP fertilizers are perfect for any agriculture crop to provide full phosphorus nutrition throughout crop growth and development and a starter dose of nitrogen and low Sulphur. It can be applied in autumn for tilling and spring during sowing and pre-sowing cultivation. Dissolving in soil provides temporary alkalization of the pH of the soil solution around the fertilizer granule, thus stimulating better phosphorus uptake from the fertilizers on acid soils. Fertilizer sulfur also contributes to plants' better intake of nitrogen and phosphorus.
Thus, multiple uses of phosphoric acid to produce phosphate fertilizers are expected to drive the growth of the global phosphoric acid market.
- Increasing demand in the pharmaceutical sector
Phosphoric acid is mainly used in many medical applications, such as dental cement, for preparing albumin derivatives, acidifying the urine, removing necrotic (dead cells or tissue) debris, anti-nausea medicines, teeth whiteners, and mouth washing liquid.
Phosphoric acid used in teeth whitening phosphoric acid can alter the tooth surface. Using 37% phosphoric acid following bleaching can significantly increase the decalcifying effect of the acid on the enamel surface, creating an uneven etched surface. Moreover, it can create sensitivity in the teeth.
Thus, the growing usage of phosphoric acid in medical applications is expected to drive the growth of the global phosphoric acid market.
Restraint
- Stringent government regulations on phosphorus and derivatives usage
There are many regulations by different government regulatory bodies for the use and production of phosphoric acid.
The FDA protects the public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, chemicals, and others. USFDA has given some regulations for using phosphoric acid in food and regulations for handling phosphoric acid. Below are some of the parameters by FDA for protection purposes
Thus, due to the stringent government regulations on phosphoric acid, there are limitations on the use of phosphoric acid, which may impede the market growth in the forecast period.
Opportunity
Increasing innovation and new product launches
Leading market players have launched new products that exhibit improved capabilities. Manufacturers have taken the necessary steps to improve the accuracy of new products and overall functionality.
Market players are further focusing on producing phosphoric acid domestically and operating by exporting to other regions to expand their business.
Thus, growing innovations and new product launches are expected to offer an opportunity for the global phosphoric acid market.
Challenge
Risks associated with over usage of phosphate based products
At state, provisional, and national levels, the phosphoric acid supply is regulated by various government rules as several risks could impact the usage of fertilizers, and there are several environmental impacts during the production of phosphoric acid.
The production of phosphate fertilizers usually uses as raw material sedimentary phosphate rock, which contains enhanced concentrations from U‐series radionuclides about 10–100 times higher than unperturbed soils.
Thus, due to the harmful impacts of phosphoric acid on air, water, soil, and human health, many government bodies have led the implementation of several regulations, high-standard certification schemes, and company registrations for the use of phosphoric acid, which may pose a challenge to the global phosphoric acid market.
Recent Developments
- In March 2023, Solvay announced that it had been recognized as one of the 60 top suppliers for 2022 in Northrop Grumman Corporation's global network of more than 10,000 suppliers. This will increase the company's brand image, among others.
- In March 2023, Airedale group announced that the company would continue growing by acquiring McCann chemicals. This will help in increasing the growth and diversification of the company's product portfolio.
Global Phosphorus and Derivatives Market Scope
Global phosphorus and derivatives market is segmented into five notable segments such as, product, form, application, end user, and allotropes. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product
- Phosphoric Acid
- Ammonium Phosphate
- Phosphorus Pentoxide
- Phosphorus Chloride
- Phosphorus Sulfide
- Industrial Phosphate
- Hypophosphorus Acid
- Tricalcium Phosphate
- Triethyl Phosphate
- Phosphorus Tribromide
- Trichlorophosphate
- Adenosine Triphosphate
- Others
On the basis of product, global phosphorus and derivatives market is segmented into phosphoric acid, ammonium phosphate, phosphorus pentoxide, phosphorus chloride, phosphorus sulfide, industrial phosphate, hypophosphorus acid, tricalcium phosphate, triethyl phosphate, phosphorus tribromide, trichlorophosphate, adenosine triphosphate, and others.
Form
- Dry
- Liquid
On the basis of form, the global phosphorus and derivatives market is segmented into dry and liquid.
Application
- Fertilizers
- Food and Drink Additives
- Detergents
- Metal Finishing
- Water Treatment Chemicals
- Quantum Dots
- Flame Retardant Material
- Others
On the basis of application, the global phosphorus and derivatives market is segmented into fertilizers, food and drink additives, detergents, metal finishing, water treatment chemicals, quantum dots, flame retardant material, and others.
End User
- Agriculture
- Food & Beverage
- Pharmaceuticals/HealthCare
- Chemical Processing
- Automotive
- Home Care
- Others
On the basis of end user, the global phosphorus and derivatives market is segmented into agriculture, food & beverage, pharmaceuticals/healthcare, chemical processing, automotive, home care, and others.
Allotropes
- Red Phosphorous
- White Phosphorous
On the basis of allotropes, the global phosphorus and derivatives market is segmented into red phosphorous and white phosphorous.
Global Phosphorus and Derivatives Market Regional Analysis/Insights
The global phosphorus and derivatives market is segmented into five notable segments such as product, form, application, end user, and allotropes.
The countries covered in this market report global phosphorus and derivatives market are U.S., Canada, Mexico, Russia, U.K., Germany, France, Italy, Spain, Netherlands, Poland, Sweden, Belgium, Ireland, Austria, Denmark, Finland, Romania, Czech Republic, Portugal, Greece, Hungary, Slovakia, Luxembourg, Bulgaria, Croatia, Lithuania, Slovenia, Latvia, Estonia, Republic of Cyprus, Malta, Japan, China, South Korea, India, Australia, Singapore, Thailand Taiwan, Hong Kong, New Zealand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Morocco South Africa, Saudi Arabia, United Arab Emirates, Qatar, Egypt, Israel, and Rest of Middle East and Africa.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of phosphorus and its derivatives and the challenges faced due to stringent regulations are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Phosphorus and Derivatives Market Share Analysis
Global phosphorus and derivatives market competitive landscape provides details of a competitor. Details include company overview, financials, revenue generated, market potential, business expansion, service facilities, partnership, strategic development, application dominance, and technology lifeline curve. The above data points only relate to the company's focus on the global phosphorus and derivatives market.
Some of the major players operating in the global phosphorus and derivatives market are ANEXIB Chemicals, Nippon Chemical Industrial CO., LTD., The Mosaic Company, LANXESS, Solvay, Ma'aden, ICL, Xuzhou JianPing Chemical Co., Ltd., Anhui Guangxin Agrochemical Co., Ltd., Futong Chemical Co., Ltd, Excel Industries Ltd., Nutrien Ltd., OCP, Strem, Kazphosphate LLC, PhosAgro Group of Companies, SMC Global, SANDHYA GROUP, Sekisui Diagnostics, Airedale Chemical Company Limited, EuroChem Group, Innophos, Aditya Birla Management Corporation Pvt Ltd., Jordan Phosphate Mines Company, and PCC Rokita Spółka Akcyjna among others.
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