14-Sep-2022 | Facts and Factors
According to Facts and Factors, the global phosphorus & derivatives market size was worth USD 63.20 billion in 2021 and is estimated to grow to USD 78.14 billion by 2028, with a compound annual growth rate (CAGR) of approximately 3.60% over the forecast period. The report analyzes the phosphorus & derivatives market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the phosphorus & derivatives market.
Phosphorus and derivatives are crucial nutrients that drive the strength of fertilizers and boost plant efficiency. They are used in plant fertilizers, edible products, detergent manufacturing, and water cleaning agents. It helps in root development, seed development, and plant maturation. Elementary phosphorous is used in several pyrotechnic applications, which include luminous projectiles and fireworks. It is also deployed in the metallurgical industry to form metallic alloys like phosphorous brass and produce insecticides or as an additive in industrial oils. Phosphoric acid is used for the cleaning of metals as a phosphatizing agent and is also used as an additive for certain drinks. It is an essential plant nutrient and is often a limiting nutrient for many crops. Phosphorous is used widely to produce organ phosphorus compounds, and these compounds have various applications such as flame retardants, water treatment, plasticizers, and pesticides, among others.
Browse the full “Phosphorus & Derivatives Market Size, Share, Growth Analysis Report By Type (Ammonium Phosphate, Industrial Phosphate, Purified Phosphoric Acid, Phosphorus Chloride, Phosphorus Pentoxide, Phosphorus Pentasulfide, and Other), By Application (Fertilizers, Detergents, Food Industry, Water Treatment Chemicals, Metal Finishing, Flame Retardant Material, and Other), By End-Use Industry (Automotive, Building & Construction, and Agriculture), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/phosphorus-and-derivatives-market
The factors which are primarily driving the demand for phosphorus & derivatives such as phosphorus tribromide, phosphorus pentachloride, adenosine triphosphate, ammonium phosphate, and purified phosphoric acid are increasing demand for water treatment, as well as the adoption and development of halogen-free flame retardants (HFFR) and the use of biofuels, further, driving the global phosphorus & derivatives market. The rising demand for effective fertilizers from the agricultural industry will likely boost the product’s demand. Furthermore, it nourishes the soil that lacks nutrients and saves losses. However, the regulation applied by the governments on phosphorus usage in detergents is expected to further hamper the phosphorus & derivatives market growth rate. In addition, the rising demand for organic products is expected to boost the product demand.
The global phosphorus & derivatives market has been segmented into type, applications, food industry, end-use industry, and region. Based on type, the market is classified into ammonium phosphate, industrial phosphate, purified phosphoric acid, phosphorus chloride, phosphorus pentoxide, phosphorus pentasulfide, and others. In 2021, the ammonium phosphate category dominated the global market. Based on application, the market is classified into fertilizers, detergents, water treatment chemicals, metal finishing, flame retardant material, and others. In 2021, the fertilizers category dominated the global market. Based on the end-use industry, the market is classified into automotive, building & construction, and agriculture. In 2021, the agriculture category dominated the global market.
The global phosphorus & derivatives market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Due to the demand for fertilizers in the region, North America is anticipated to have a dominating position in the worldwide market for phosphorus & derivatives during the forecast period. According to the International Trade Administration (ITA), Malaysia is the world's second-largest producer and exporter of palm oil. In 2019, Malaysia's palm oil production accounted for 28% of global production and 33% of global exports. Due to more acreage for palm oil production isn't accessible, any growth in national production will have to come from increased yield and productivity. Furthermore, fertilizers play an important role in providing crops with the nutrients they need to grow and enhance crop yield, owing to which there is an increasing demand for fertilizers in the region's growth.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 63.20 Billion |
Projected Market Size in 2028 |
USD 78.14 Billion |
CAGR Growth Rate |
3.60% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Bayer AG Solvay, Merck KGaA, LAXNESS, PCC Rokita Spólka Akcyjna, ICL, SANDHYA GROUP, Parchem fine & specialty chemicals, Xuzhou Jianping Chemical Co. Ltd, Anhui Guangxin Agrochemical Co. Ltd., Excel Industries Ltd, Shandong Futong Chemical Co. Ltd., Henan Qingshuiyuan Technology Co. Ltd., Jiangsu Tianyuan Chemical Co. Ltd., Jiangsu Yoke Technology Co. Ltd., Shandong Yangmei Hengtong Chemical Co. Ltd., UPL Limited, Xuzhou Jianping Chemical Co. Ltd., Xuzhou Yongli Fine Chemical Co. Ltd., Zhejiang Xinan Chemical Industrial Group Co. Ltd., and Others |
Key Segment |
By Type, Application, End-Use Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global phosphorus & derivatives market include Bayer AG Solvay, Merck KGaA, LAXNESS, PCC Rokita Spólka Akcyjna, ICL, SANDHYA GROUP, Parchem fine & specialty chemicals, Xuzhou Jianping Chemical Co., Ltd, Anhui Guangxin Agrochemical Co., Ltd., Excel Industries Ltd, Shandong Futong Chemical Co., Ltd., Henan Qingshuiyuan Technology Co., Ltd., Jiangsu Tianyuan Chemical Co., Ltd., Jiangsu Yoke Technology Co., Ltd., Shandong Yangmei Hengtong Chemical Co., Ltd., UPL Limited, Xuzhou Jianping Chemical Co., Ltd., Xuzhou Yongli Fine Chemical Co., Ltd., and Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Recent Development:
- September 2020: BASF produced an improved polyamide grade containing red phosphorus for the Asian market. BASF has extended its product range for industrial and transportation applications compared to conventional materials with this innovative product.
The global Phosphorus & Derivatives Market is segmented as follows:
By Type
- Ammonium Phosphate
- Industrial Phosphate
- Purified Phosphoric Acid
- Phosphorus Chloride
- Phosphorus Pentoxide
- Phosphorus Pentasulfide
- Other
By Application
- Fertilizers
- Detergents
- Water Treatment Chemicals
- Metal Finishing
- Flame Retardant Material
- Other
End-Use Industry
- Automotive
- Building and Construction
- Agriculture
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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