Phosphorus Trichloride Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023
Phosphorus
Trichloride Market Overview
As per the
recently released report by the Market Research Future (MRFR), the global
phosphorus trichloride market is expected to grow at a noteworthy pace during
the forecast period of 2016 to 2023. The manufacturing of commodity chemicals
and agrochemicals is one of the major driving factors of the global market. The
demand for agrochemicals is strikingly increasing to meet the consumption
requirements of the rapidly growing population. This is subsequently boosting
the growth of the market. Phosphorus trichloride is majorly used in the chemical
synthesis of organophosphorus compounds and acts as precursor to other
chemicals like phosphoryl chloride (POCl3), phosphorus pentachloride (PCl5), and
thiophosphoryl chloride (PSCl3). This chemical compound is a highly important
ingredient for the manufacturing of gasoline additives. This is, in turn,
expected to also aid the market growth due to the highly efficient and superior
quality fuels from the automotive industry. It is also reported that the high
demand for phosphorus trichloride is linked with its role as a plasticizer. It
provides enhanced level of plasticity, flexibility, and durability for its used
in PVC. Additionally, the growing awareness concerning sexually transmitted and
heart-related diseases and disorders is driving the market as well. Furthermore,
it is worth noting that phosphorus trichloride is also used for the
electrodeposition of metal on rubber and for producing flame retardants.
However,
the growth of the market can be hampered due it being classified as extremely
corrosive and toxic by the EU Directive 67/548/EEC. Add to this, both the
Occupational Safety and Health Association (OSHA) and the National Institute
for Occupational Safety & Health (NIOSH) have pre-fixed a limitation on the
product exposure level.
Access
Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/phosphorus-trichloride-market-5732
Phosphorus
Trichloride Market
Segmentation
The global
phosphorus trichloride market segmentation is based on two key dynamics, namely
application and region.
On the
basis of application, the market segments into pharmaceuticals, chemical
intermediate, gasoline additive, agrochemicals, and others.
The market
is geographically segmented across five key regions, namely North America,
Latin America, Asia Pacific, and the Middle East & Africa.
Phosphorus
Trichloride Market Competitive
Landscape
The global
phosphorus trichloride market hosts numerous key players, namely Solvay
(Belgium), LAXNESS (Germany), Sandhya Group (India), Monsanto Company (the
U.S.), ICL (Israel), PCC Rokita (Poland), Merck KGaA (Germany), Parchem fine
& Specialty Chemicals (New York), Xuzhou Jianping Chemical Co., Ltd (China),
Alfa Aesar (US), and others.
Regional Analysis
Among the
above-mentioned names, The Asia Pacific region is expected to lead the global
market in the forthcoming years as per the report published by MRFR. The dominance
of the region can be boiled down to the high demand from agrochemical and
chemicals industries. In this region, the chemical compound is used for the
manufacturing of insecticides, fertilizers, and pesticides. This acts as a key
factor influencing the growth of the market in Asia Pacific. The increasing
demand for superior crop productivity coupled with the expanding population
base are two other key factors that are expected to drive the growth of the
market in this region in the coming years.
The North
American market is majorly driven by the increasing demand for phosphorus
trichloride from developed chemical industries. Additionally, it is worth noting
that the demand for pharmaceuticals and pharma-related products in the US is
one of the key drivers of the market contributing to the overall growth of the
North American region.
Europe
stands third as per the global standings of phosphorus trichloride and is
expected to experience significant growth in the forthcoming years. This is
based on the growing demand from various major industries like the plastics
& polymers, chemicals, and others. The Latin American market is expected to
garner meagre growth over the forecast period. However, the region is driven by
the increasing product demand for the manufacturing of plasticizers. Countries
like Brazil and Argentina play a major role behind the growth of the Latin
American regional market.
Finally,
the Middle East & Africa is forecasted to attain significant growth in the
forthcoming years on account of the increasing demand for pesticides and
agrochemicals due to the surging health awareness among the consumers herein
and a rising demand for food production.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and
its impact on various industry verticals and wherever required we will be
considering covid19 footprints for a better analysis of market and industries.
Cordially get in touch for more details.
About Market Research Future
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide the
optimum quality market research and intelligence services to our clients. Our
market research studies by products, services, technologies, applications, end
users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Phosphorous Trichloride price market showcased sturdiness during this quarter across North America region. The demand remained consistent for Phosphorous Trichloride in Q2 2021 in USA, as the offtakes was ample from the downstream sectors like pharma, pesticides and additive segments. Therefore, a significant rise in price of Phosphorous Trichloride was observed in USA, majorly driven my agrochemical segment of the country. In addition, critical shortage of feedstock Chlorine in the country, also exacerbated the overall price hike of the product during this timeframe.
ReplyDeletehttps://www.chemanalyst.com/Pricing-data/phosphorus-trichloride-1170