Phosphorus is commonly present in white and red forms in nature. Phosphorus and its derivatives are used in batteries, water treatment chemicals, flame retardants, fertilizers, detergents, metal finishing, and others. In terms of demand, fertilizers is the largest application segment of the phosphorus& derivatives market. Key derivatives of phosphorus include industrial phosphates, ammonium phosphate, phosphorus chloride, phosphoric acid, phosphorus pentasulfide, phosphorus pentoxide, and others. In terms of demand, ammonium phosphate held the largest share of the global phosphorus and derivatives market. This product segment was followed by industrial phosphate and purified phosphoric acid. A similar trend is expected to continue in the near future due to high demand for ammonium phosphate in fertilizers application.
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Rising population and increasing demand for food is expected to drive the phosphorus & derivatives market. Phosphorus derivatives such as ammonium phosphate are widely used in the manufacture of fertilizers in the agriculture industry. Rising food security concern is driving demand for fertilizers in improving crop yield. This, in turn, would fuel demand for phosphorus-based fertilizers across the globe.The world population is likely to grow at a steady pace in the near future. Hence, demand for food is estimated to increase tremendously. This, in turn,is projected to drive the fertilizers market to increase crop yield. Additionally, shift toward non-halogenated flame retardants from halogenated flame retardants is anticipated to fuel the phosphorus& derivatives market. Furthermore, rising demand from end-user industries such as metal finishing, water treatment, and food is expected to drive demand for phosphorus & derivatives across the globe.
The usage of phosphorus in detergents has been restricted due to government regulations in developed countries. These regulations are projected to limit the usage of phosphorus in the phosphorus & derivatives market. Use of phosphorus in rechargeable batteries is an upcoming opportunity that is likely to drive growth of the market in the next few years. In terms of stability and economics, lithium iron phosphate batteries offer growth prospects to the electric vehicles market.
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In terms of production and consumption, Asia Pacific held the largest share of the market for phosphorus & derivatives. China, Malaysia, Indonesia, and India are major consumers of phosphorus and its derivatives. These countries utilize phosphorus in fertilizers that goes into rubber, wheat, cotton, rice, maize, and other plantations. Rising population and reducing arable land have boosted demand for fertilizers. This, in turn, drives the phosphorus & derivatives market. North America and Europe followed Asia Pacific in terms of demand. Europe has the largest reserves of phosphorus in the Dead Sea area. The market in Europe is expected to expand at a moderate rate due to high demand for phosphorus-based fertilizers in horticultural crops. Some of the major contributors in Europe are France, Poland, Spain, Germany, and Turkey. The U.S. is the largest market for phosphorus due to high demand from fertilizers, flame retardants, and water treatment chemicals applications. Growth in the agriculture industry is projected to propel the phosphorus & derivatives market in Latin America in the next few years.
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The global phosphorus & derivatives market is characterized by moderate level of fragmentation. Some of the major players in this market include S. A. OCP, Innophos Holdings Inc., Prayon Group, PhosAgro, EuroChem, Yuntianhua Group Co., Ltd., United Phosphorus Limited, Cf Industries Holdings Inc., Chemische Fabrik Budenheim KG, Jordan Phosphate Mines Company, Ojsc Phosagro Solvay-Rhodia, and Yara International ASA.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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