Phosphorus & Derivatives - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Phosphorus & Derivatives market is accounted for $68.19 billion in 2018 and is expected to reach $110.41 billion by 2027 growing at a CAGR of 5.5% during the forecast period. Some of the key factors propelling the market growth are increasing demand for water treatment and increase in demand for vital nutrients for body functioning. However, stringent regulations on usage of phosphates in detergents and deteriorating quality of phosphate rock are the restraining factor for the growth of the market.
Phosphorus & derivatives are fundamental nutrients that are utilized as additives to build up the quality & strength of their end application, for example, fertilizers, detergents, and the food industry. They are generally organic compounds. The derivatives of phosphorus are mostly used as a fertilizer in the production of crops. These are also used in detergent manufacturing, water cleaning agents, and edible products.
By type, ammonium phosphates segment is expected to grow at the significant market share during the forecast period as it is massively using in the fertilizer industries. Due to their increasing use for fertilizer manufacturing as an essential factor in crop and plant development, it is a leader on the market. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to wide application of the phosphorous and its derivatives in the fertilizers. The large application of phosphorus and its derivatives in fertilizers is the main determinant impacting future growth in the Asia Pacific region.
Some of the key players in Phosphorus & Derivatives Market include Agrium Inc , Akron OAO, CF Industries Holdings Inc, Chemische Fabrik Budenheim Kg, Eurochem , Innophos Holdings Inc, Israel Chemical Ltd (ICL), Italmatch Chemicals S.P.A, Kazphosphate LLC, Lanxess AG, Mosaic Co, OCP S.A, OJSC Phosagro AG, Potash and Yara International ASA.
• Ammonium Phosphates
• Industrial Phosphate
• Phosphorous Acid
• Phosphorus Chloride
• Phosphorus Pentasulfide
• Phosphorus Pentoxide
• Purified Phosphoric Acid
• Sodium Hypophosphite
• Triethyl phosphate (TEP)
• Other Types
• Flame retardants
• Food Industry
• Metal Finishing
• Water Treatment Chemicals
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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