Phosphorus is the chemical element which is present in various derivatives form. Phosphorus and its derivatives are used in fertilizers, batteries, flame retardants, detergents, metal finishing, water treatment chemicals and others. Phosphates formed with various metals are the widely used fertilizers as phosphorus is the main element in the growth of the plant. The major derivatives of the phosphorus include industrial phosphates, phosphorus chloride, phosphoric acid, phosphorus penta-oxide and others.
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The main driver for phosphorus is increasing populations and increasing demand for food crops. As phosphorus derivatives have the highest demand in fertilizers market, the demand for phosphorus is increasing in-line with the increasing population. The shift to non-halogenated flame retardants from halogenated flame retardants is another driving factor for phosphorus market. In developed countries, the use of the phosphorus in detergents has been restricted by the stringent government regulations, which in turn is hampering the growth of this market. The use of phosphorus in rechargeable batteries is expected to open new opportunities for the growth of the market in coming years. In terms of stability and economics, lithium iron phosphate batteries have prospects in the electric vehicles market.
Asia Pacific forms the largest market for the phosphorus and its derivates owing to increasing population and less stringent government regulations in the developing countries such as China and India. U.S. forms the second largest market for phosphorus with its use in the fertilizers, flame retardants and water treatment chemicals. European market is anticipated to grow with higher rate with use of phosphates in the electric car batteries. China, U.S. and Vietnam are the major producers of the phosphorus and its derivatives.
Some of the key players in this market include OCP Sa, Innophos Holding 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 AG, Solvay-Rhodia and Yara International ASA among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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.