Phosphorus And Derivatives Market
Phosphorus and Derivatives Market Forecasts to 2028 - Global Analysis By Type (Purified Phosphoric Acid, Phosphorus Pentoxide and Other Types), Application (Water Treatment Chemicals, Fertilizers and Other Applications), End User (Building and Construction, Automotive and Other End Users) and By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $68.97 BN |
Projected Year Value (2028) |
US $97.28 BN |
CAGR (2022 - 2028) |
5.9% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Phosphorus and Derivatives Market is accounted for $68.97 billion in 2022 and is expected to reach $97.28 billion by 2028 growing at a CAGR of 5.9% during the forecast period. The industry is expanding quickly as a result of increased demand from sectors like fertilisers, detergents, the food industry, water treatment chemicals, metal finishing, and flame retardants without halogens. The demand for phosphorus and its derivatives, such as phosphorus tribromide, phosphorus pent chloride, adenosine triphosphate, ammonium phosphate, and purified phosphoric acid, is rising as more water needs to be treated, halogen-free flame retardants (HFFR) are developed and used, and biofuels are increasingly popular.
According to, in 2012 the International Energy Agency (IEA), and by 2019 they accounted for around one-third of the worldwide electric vehicle stock. China (40 percent of global sales) and Europe remain the two most important markets (36 percent). In 2019, plug-in hybrids accounted for 36% of all-electric vehicles sold in Europe and 21% in China.
Market Dynamics:
Driver:
Increased applications of phosphorus and derivatives
The rising demand from industries like fertilisers, detergents, the food industry, water treatment chemicals, metal finishing, and flame retardants without halogens, the business is growing swiftly. The demand for phosphorus and its derivatives, such as phosphorus tribromide, phosphorus pent chloride, adenosine triphosphate, ammonium phosphate, and refined phosphoric acid, is mostly driven by the need for water treatment. Elementary phosphorous is a component of many pyrotechnic items, including fireworks and light projectiles. In the metallurgical industry, it is also used to make industrial oils, insecticides, and metal alloys such phosphorous brass. Phosphoric acid is used to clean metals as a phosphatising agent and as a component in some drinks. The multiple applications are therefore expected to increase more quickly than expected over the anticipated period.
Restraint:
Strict regulations
The most widely used component in extremely caustic detergents, phosphate softens hard water and aids in suspending water impurities. If detergents are present in large enough concentrations, they can be hazardous to all sorts of aquatic life. The exterior mucus layers that shield fish from bacteria and parasites are destroyed by biodegradable detergents, which can seriously harm the gills. Eutrophication is another effect of phosphate on natural water bodies. Eutrophication has been cited by the Environmental Protection Agency (EPA) as the main issue in U.S. surface waters with poor water quality.
Opportunity:
Surging demand for lead-acid battery
Lead-acid batteries are a common option for energy storage and hybrid electric vehicle (HEV) applications due to its inexpensive cost, established technology, and high recycling efficiency. However, the standard valve-regulated lead-acid (VRLA) battery has a shorter cycle life under high-rate partial-state-of-charge (HRPSoC) conditions because of the irreversible hard sulphate formation in the negative plates. To address this issue, phosphorus-doped activated carbon (P-AC) is being used. The commercial lead-acid battery electrolyte 5 M H2SO4 has various positive effects on the reactivity of the batteries when a small amount of phosphoric acid is added. As a result, the need for lead-acid batteries is increasing along with the production and sales of hybrid electric vehicles, which is driving the sector forward.
Threat:
Hazardous impacts of phosphorus & derivatives
Although phosphorus has clear advantages for agricultural development, if it exits the site, it can cause pollution. A key worry is the transport of phosphorus from soils to streams, rivers, lakes, and ultimately the seas. Transferring phosphorus from agricultural soils can lead to eutrophication, a nutrient enrichment process that increases algal bloom and decreases dissolved oxygen levels. Additionally, phosphate overdose might be dangerous. Diarrhea, organ and soft tissue stiffness, and diarrhoea can all result from an excess of the mineral. The body's ability to use other minerals including iron, calcium, magnesium, and zinc might be hampered by a phosphorus deficit.
Covid-19 Impact
The COVID-19 epidemic has caused a stagnation in the fertiliser market. The logistical problems, production halts or cuts, and personnel shortages that limited crop manufacturers' access to fertilisers had an impact on the industry. Also, governments from a number of nations have issued an emergency alert to ensure the movement and shipping of agricultural goods in the midst of the outbreak. It was challenging for phosphate fertiliser firms to get back to work during the lockdown situation. Due to this decrease in utilisation rate, production has decreased by 30% to 40% year over year.
The ammonium phosphate segment is expected to be the largest during the forecast period
The ammonium phosphate segment is estimated to have a lucrative growth. Ammonium phosphate is employed in a wide range of applications. One of these is its inclusion in a lot of baked goods sold commercially. It has also been adopted as an efficient fertiliser due to its strong water solubility and quick dissolving properties. It is an essential mineral for plants to grow well and continuously. Ammonium phosphate-based fertilisers also help the soil around plants by adding nitrogen, which promotes further growth and root development. Its solubility allows for fast release into the soil, which is advantageous to young plants and plants in need of resuscitation.
The agriculture segment is expected to have the highest CAGR during the forecast period
The agriculture segment is anticipated to witness the fastest CAGR growth during the forecast period, as all plants need a sufficient amount of phosphorus for food supply to be effective. This nutrient can be supplied by phosphorus tribromide, phosphorus pentachloride, adenosine triphosphate, ammonium phosphate, and pure phosphoric acid. Phosphorus (P) is necessary for productive farming and is essential for plants. In addition to being essential for the production of seeds, it also promotes stronger root growth, early plant maturity (less time for grain to ripen), stalk strength, resistance to illnesses that cause root rot, resistance to winter kill, and other benefits. As a result, crops will produce less when there is a phosphorus deficit. Due to the enormous requirement for phosphorous for proper crop output, the agriculture sector has witnessed an increase in demand for phosphorous and its derivatives.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's developing agricultural industry, which is driving up demand for fertilisers there. The Australian Government's Department of Agriculture, Water, and the Environment reports that the country's production of agricultural, fishery, and forestry goods has increased in overall gross value. Any increase in national production must come from higher yields and productivity because there isn't any more land available for the production of palm oil. The demand for fertilisers would eventually rise along with the crop production, which will raise the demand for phosphorous & derivatives in the area.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the strong demand for halogen-free flame retardants in growing countries and rising R&D spending. The demand for halogen-free flame retardants is being driven by the expanding local electrical and electronics industries. Asia has risen to the top of the market for phosphorus and its derivatives as a result of increased crop output to fulfil the demands of a growing population. Ammonium phosphate's high production and consumption in Asia are anticipated to fuel market expansion.
Key players in the market
Some of the key players profiled in the Phosphorus and Derivatives Market include OCP S.A., Akron OAO, CF Industries Holdings Inc., Agrium Inc., Yara International ASA, Mosaic Co., Innophos Holdings Inc., Lanxess AG, Eurochem, Israel Chemical Ltd., United Phosphorus Limited., Nutrien, Innophos, Bayer AG Solvay , Merck KGaA and Xuzhou Jianping Chemical Co. Ltd.
Key Developments:
In November 2020, AgroLiquid launched a liquid phosphorus product, springuP, to its crop nutrition portfolio. This quick-release product is readily available and helps growers get their crops off to a strong start.
In February 2018, LANXESS completed its acquisition of Solvay's phosphorus chemical business in its U.S. production site in Charleston, South Carolina. This acquisition will provide both the Group’s to expand in the North America and Asia regions.
Types Covered:
• Purified Phosphoric Acid
• Phosphorus Pentoxide
• Ammonium Phosphate
• Phosphorus Pentasulfide
• Industrial Phosphate
• Phosphorus Chloride
• Other Types
Applications Covered:
• Water Treatment Chemicals
• Fertilizers
• Food Industry
• Detergents
• Flame Retardant Material
• Metal Finishing
• Pharmaceuticals
• Petrochemicals
• Catalyst Ligands
• Halogen Free Flame Retardants
• Coatings
• Quantum Dots
• Lead-Acid Batteries
• Polymers & Plastics
• Other Applications
End Users Covered:
• Building and Construction
• Automotive
• Agriculture
• Metal Industry
• Electrical and Electronics
• Medical & Healthcare
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Phosphorus and Derivatives Market, By Type
5.1 Introduction
5.2 Purified Phosphoric Acid
5.3 Phosphorus Pentoxide
5.4 Ammonium Phosphate
5.5 Phosphorus Pentasulfide
5.6 Industrial Phosphate
5.7 Phosphorus Chloride
5.8 Other Types
6 Global Phosphorus and Derivatives Market, By Application
6.1 Introduction
6.2 Water Treatment Chemicals
6.3 Fertilizers
6.4 Food Industry
6.5 Detergents
6.6 Flame Retardant Material
6.7 Metal Finishing
6.8 Pharmaceuticals
6.9 Petrochemicals
6.10 Catalyst Ligands
6.11 Halogen Free Flame Retardants
6.12 Coatings
6.13 Quantum Dots
6.14 Lead-Acid Batteries
6.15 Polymers & Plastics
6.16 Other Applications
7 Global Phosphorus and Derivatives Market, By End User
7.1 Introduction
7.2 Building and Construction
7.3 Automotive
7.4 Agriculture
7.5 Metal Industry
7.6 Electrical and Electronics
7.7 Medical & Healthcare
7.8 Other End Users
8 Global Phosphorus and Derivatives Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 OCP S.A.
10.2 Akron OAO
10.3 CF Industries Holdings Inc.
10.4 Agrium Inc.
10.5 Yara International ASA
10.6 Mosaic Co.
10.7 Innophos Holdings Inc.
10.8 Lanxess AG
10.9 Eurochem
10.10 Israel Chemical Ltd.
10.11 United Phosphorus Limited.
10.12 Nutrien
10.13 Innophos
10.14 Bayer AG Solvay
10.15 Merck KGaA
10.16 Xuzhou Jianping Chemical Co. Ltd
List of Tables
1 Global Phosphorus and Derivatives Market Outlook, By Region (2020-2028) ($MN)
2 Global Phosphorus and Derivatives Market Outlook, By Type (2020-2028) ($MN)
3 Global Phosphorus and Derivatives Market Outlook, By Purified Phosphoric Acid (2020-2028) ($MN)
4 Global Phosphorus and Derivatives Market Outlook, By Phosphorus Pentoxide (2020-2028) ($MN)
5 Global Phosphorus and Derivatives Market Outlook, By Ammonium Phosphate (2020-2028) ($MN)
6 Global Phosphorus and Derivatives Market Outlook, By Phosphorus Pentasulfide (2020-2028) ($MN)
7 Global Phosphorus and Derivatives Market Outlook, By Industrial Phosphate (2020-2028) ($MN)
8 Global Phosphorus and Derivatives Market Outlook, By Phosphorus Chloride (2020-2028) ($MN)
9 Global Phosphorus and Derivatives Market Outlook, By Other Types (2020-2028) ($MN)
10 Global Phosphorus and Derivatives Market Outlook, By Application (2020-2028) ($MN)
11 Global Phosphorus and Derivatives Market Outlook, By Water Treatment Chemicals (2020-2028) ($MN)
12 Global Phosphorus and Derivatives Market Outlook, By Fertilizers (2020-2028) ($MN)
13 Global Phosphorus and Derivatives Market Outlook, By Food Industry (2020-2028) ($MN)
14 Global Phosphorus and Derivatives Market Outlook, By Detergents (2020-2028) ($MN)
15 Global Phosphorus and Derivatives Market Outlook, By Flame Retardant Material (2020-2028) ($MN)
16 Global Phosphorus and Derivatives Market Outlook, By Metal Finishing (2020-2028) ($MN)
17 Global Phosphorus and Derivatives Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
18 Global Phosphorus and Derivatives Market Outlook, By Petrochemicals (2020-2028) ($MN)
19 Global Phosphorus and Derivatives Market Outlook, By Catalyst Ligands (2020-2028) ($MN)
20 Global Phosphorus and Derivatives Market Outlook, By Halogen Free Flame Retardants (2020-2028) ($MN)
21 Global Phosphorus and Derivatives Market Outlook, By Coatings (2020-2028) ($MN)
22 Global Phosphorus and Derivatives Market Outlook, By Quantum Dots (2020-2028) ($MN)
23 Global Phosphorus and Derivatives Market Outlook, By Lead-Acid Batteries (2020-2028) ($MN)
24 Global Phosphorus and Derivatives Market Outlook, By Polymers & Plastics (2020-2028) ($MN)
25 Global Phosphorus and Derivatives Market Outlook, By Other Applications (2020-2028) ($MN)
26 Global Phosphorus and Derivatives Market Outlook, By End User (2020-2028) ($MN)
27 Global Phosphorus and Derivatives Market Outlook, By Building and Construction (2020-2028) ($MN)
28 Global Phosphorus and Derivatives Market Outlook, By Automotive (2020-2028) ($MN)
29 Global Phosphorus and Derivatives Market Outlook, By Agriculture (2020-2028) ($MN)
30 Global Phosphorus and Derivatives Market Outlook, By Metal Industry (2020-2028) ($MN)
31 Global Phosphorus and Derivatives Market Outlook, By Electrical and Electronics (2020-2028) ($MN)
32 Global Phosphorus and Derivatives Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
33 Global Phosphorus and Derivatives Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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