H1 2023: The largest producers of Phosphorus Acid in H1 2023 were DuPont and Chemfine International Co. Ltd. Regionally, Asia Pacific region was the leading consumer of phosphorous acid in H1 2023. However, Phosphorus Acids market price in Asia fell precipitously in H1 2023. The decline in phosphorus acid prices in the Asian market was influenced by fundamentals of supply and demand in India and China. Reasons like oversupply of phosphorous acid in these nations and poor buying segment from the downstream chemical and construction sectors, which led to the fall in prices. India experienced a steep decline in prices of phosphorus acid in response to the high inflate on rate which led to poor market activity. On the other hand, US experienced and bearish phosphorus acid market in H1 2023. In H1 2023, Phosphorus Acid's manufacturing costs plunged, which caused the product's price to fall and had an adverse effect on the market's sentiment. Throughout the months of H1 2023, the demand for phosphorus acid by the downstream industries construction and chemical industries was meagre in the US. However, phosphorus acid prices were almost stable in the US from April 2023 to June 2023.
The global Phosphorus Acid market has grown significantly in the past years and reached approximately 280 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.63% during the forecast period until 2032.
Phosphorus Acid is a chemical compound with the chemical formula H3PO3 It is a tasteless, colorless, or yellowish crystalline material having a melting point of about 73° C. It is an unstable substance that rapidly absorbs moisture and transforms into phosphoric acid (H3PO4) when heated over 180°C or in the presence of oxygen. Phosphorus acid is used in various downstream industries like agricultural, construction, automotive, and textiles. The substance is mostly utilized to make PVC stabilizers like lead phosphite, synthetic fibres, effective water treatment agents, organophosphorus insecticides, and powerful reducing agents.
The primary driver of the global Phosphorus Acid market is its usage by Construction Industry across the globe. The production of basic lead phosphite, a stabilizer in PVC and other related chlorinated polymers, is the most significant application of Phosphorus acid. PVC is mostly utilized in building supplies such as pipelines, fixtures, window & door frames, wires & cables, and roofs. Owing to rapid industrialization and new infrastructure development which is anticipated to fasten the construction sector and most likely provide motion to global Phosphorus Acid market. Since Phosphorus acid reduces shrinkage and heat cracking in concrete, it is a vital component in the manufacture of synthetic fibres, which further adds on to the Phosphorus Acid market. The use of Phosphorus acid to manufacture numerous phosphate-based compounds is anticipated to bolster the global Phosphorus Acid market. The global Phosphorus Acid market is estimated to reach a volume of 430 thousand tonnes by 2032.
Based on region, Asia Pacific is dominating the Phosphorus Acid market. In 2022, Asia Pacific held a market share approximately of 50% of the global Phosphorus Acid. Moreover, Europe is the second largest consumer of this chemical. The tremendous increase in construction activities and increased spendings of government on public infrastructure, the demand for PVC is anticipated to rise, which will most likely augment the Phosphorus acid market. Furthermore, Asia Pacific also dominates the market in terms of production with China being a significant player.
Based on the end-user industry, the global Phosphorus Acid market is segmented into Construction, Chemical Intermediates, Water Treatment, and Others. Among these, the Construction Industry is the major consumer with a share of roughly 37% in 2022. Furthermore, the Chemical Intermediates industry is another prominent application of the Phosphorus acid.
Major players in the production of Global Phosphorus Acid are DuPont, Chemfine International Co. Ltd, Linyi Chunming Chemical, Futong Chemical Co Ltd, Zibo TianDan Chemical, Rudong Huayun Chemical, Sure Chemical Co. ltd, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Phosphorus Acid which covers production, demand and supply of Phosphorus Acid market in the globe.
• To analyse and forecast the market size of Phosphorus Acid
• To classify and forecast Global Phosphorus Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Phosphorus Acid market in the globe.
To extract data for Global Phosphorus Acid market, primary research surveys were conducted with Phosphorus Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Phosphorus Acid market over the coming years.
ChemAnalyst calculated Phosphorus Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Phosphorus Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Phosphorus Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Phosphorus Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Phosphorus Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Phosphorus Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
280 thousand tonnes
Market size Volume by 2032
430 thousand tonnes
Growth Rate
CAGR of 4.63% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Policy and Regulatory Landscape,
Segments covered
By End-Use: (Construction, Chemical Intermediates, Water Treatment, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was global market size of Phosphorus Acid in terms of volume in 2022?
Ans:
The global market size of Phosphorus Acid has grown significantly in the past years and reached approximately 280 thousand tonnes in 2022.
Q2.
Which end-use industry is dominating the global Phosphorus Acid market?
Ans:
Construction Industry is dominating the global Phosphorus Acid market and consumed roughly 37% of the market in 2022.
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