The global market for phosphorus trichloride
demonstrates a highly fragmented business landscape as the
established players, namely, Monsanto Co., Rhodia, Syngenta, and
Xuzhou JianPing Chemical Ltd., are leading to a stiff competition,
finds a new research report by Transparency Market Research (TMR).
In 2015, these enterprises, together, could hold only
28.42% of this market. Currently, they are focusing aggressively on
strategic collaborations and agreements with the end-use industries
to strengthen their position, which is anticipated to intensify the
competition within this market in the near future, states the report.
This 147 page report gives readers a comprehensive
overview of the Phosphorus Trichloride market. Browse Market Research
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As per TMR’s estimations, the worldwide phosphorus
trichloride market presented an opportunity worth US$1.23 bn in 2015.
Burgeoning at a CAGR of 5.20% during the period of 2016-2024, it is
anticipated to increase to US$1.92 bn by the end of the period of the
forecast. Hitherto, the demand for phosphorus trichloride had been
greater in agrochemicals than other application areas. Analysts
expect this scenario to remain unchanged in the near future due to
the increasing usage of phosphorus trichloride in the manufacturing
of pesticides, herbicides, and insecticides.
Expansion of End-use Industries to Ensure Asia
Pacific’s Dominance
The grade of phosphorus trichloride and the
geographical reach of the global phosphorus trichloride market are
the two of the significant parameters, on which, this research report
has analyzed this market. According to the report, the worldwide
market for phosphorus trichloride is spread across North America,
Europe, Asia Pacific, the Middle East and Africa, and Latin America.
With a share of more than 44%, Asia Pacific led the global market in
2015 and is expected to remain seated in this position over the
forecast period, thanks to the rise in various end-use industries,
such as agrochemicals and pharmaceuticals.
On the basis of the grade, pure grade phosphorus
trichloride and analytical reagents have been considered as the two
main segments of this market in this study. Among the two, the demand
for pure grade phosphorus chloride has been higher than analytical
reagents and is anticipated to continue like this throughout the
forecast period due to the rising usage of pure grade phosphorus
chloride in the production of agrochemicals, phosphorus oxychloride,
and plasticizers
Growing Demand for Food to Reflect Positively on
Demand for Phosphorus Trichloride
“The phenomenal rise in the global population is
having the most influential impression on the worldwide phosphorus
trichloride market as with the growing population, the need for food
has increased substantially, resulting in the increased usage of
pesticides, herbicides, and insecticides in farming to improve crop
yields,” says the author of the study. The significant growth in
the chemical industry is also adding to the progress of this market
substantially, notes the research study.
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Although the growth prospects of this market are
bright, it may face hindrances in future due to the high cost of
phosphorus trichloride. However, the advancements in technologies
used for the production of phosphorus trichloride are expected to
create opportunities for further growth of this market in the years
to come, states the report.
The study presented here is based on a report by
Transparency Market Research (TMR), titled “Phosphorus Trichloride
Market (Grade - Pure and Analytical Reagent; Application - Phosphorus
Oxychloride, Chemical Intermediates, Agrochemicals, Plasticizers,
Pharmaceuticals, Oil Additives, and Surfactants) - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The report segments the global phosphorus
trichloride market into:
By Grade
- Pure
- Analytical Reagent
By Application
- Phosphorus Oxychloride
- Chemical intermediates
- Agrochemicals
- Plasticizers
- Pharmaceutical
- Others (Oil additives, surfactants, etc.)
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