H1 2023: In H1 2023, the Phosphorous Trichloride market was bearish in the Asia Pacific region. Phosphorous Trichloride's market price declined in H1 2023 in China. In the first half of 2023, the price trend of phosphorous trichloride in the Chinese market declined significantly till March 2023. Phosphorous trichloride prices in the Chinese market fell as a result of the low-cost support from upstream of white phosphorous. Due to excessively high inventories held by the producers and exceptionally low market demand, market sentiment for phosphorus trichloride remained gloomy in China. However, this negative pricing trend had also been supported by weak downstream demand from the fertilizer and agricultural industries, as well as a decline in orders from western nations. Meanwhile, the region continued to see a depressing influx of new orders from the downstream agriculture businesses. The manufacturing sector had contracted in June 2023 with slowdown in purchases by the end-user sectors. In Asia, there was low demand in the region exports have remained low, and supply was constant. In the US, due to weak market dynamics and low demand from market, the drop persisted till June. Furthermore, downstream sectors refrained from making bulk purchases, especially the fertilizer industry. Lower output and less new orders were the reasons behind the low operating rates of Phosphorous Trichloride producers in the US market.
The global Phosphorous Trichloride market stood at approximately 180 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.5% during the forecast period until 2032.
Phosphorous Trichloride is an inorganic compound. Commercial production of it involves adding chlorine gas to a boiling combination of phosphorus and phosphorus trichloride, then reacting the resulting elemental white phosphorus (P4) with the gas. It is a significant compound that is extensively utilized in the production of other significant feedstock products, such as POCl3 (phosphorus oxychloride), which is utilized in PVC plasticizers, pesticides, and herbicides. It is a precursor to the crucial step in the synthesis of alkenes, triphenylphosphine. As a chemical intermediate, phosphorus trichloride (PCl3) is used to make a wide range of chemicals that are employed in flame retardants, agricultural goods, metal extractants, surfactants, lubricant additives, and plastic stabilizers. Its main application is as a chemical intermediate in the production of flame retardants and agrochemicals. This chemical is commonly used in the manufacturing of herbicides that contain organophosphorus, such glyphosate. Glyphosate is a type of pesticide that is frequently used as an active component in herbicides, fungicides, and insecticides. In the process of making plastic, phosphorus trichloride is also utilized as a plasticizer. Its main application is as a chemical intermediate in the production of flame retardants and agrochemicals. In the process of making plastic, phosphorus trichloride is also utilized as a plasticizer. It's used in agricultural chemicals.
The usage of phosphorus trichloride in agrochemicals and as a plasticizer in the manufacturing of plastic drives the market for phosphorus-containing mineral fertilizers. As a result, it is anticipated that the market CAGR will grow due to the growing need for agrochemicals to meet the expanding demands of the population. The growing agrochemical market is driving up demand for phosphorus trichloride. Additionally, phosphorus trichloride is used as an intermediate in the production of substances such as triphenylphosphine and phosphites. Growth in the global chemical industry is expected to increase demand for phosphorus trichloride as an intermediate throughout the projected period. Owing to these reasons, the global Phosphorous Trichloride market is likely to reach approximately 512 thousand tonnes in 2032.
In terms of consumption, the Asia Pacific region leads the world market for Phosphorous Trichloride. It is also a major producer of phosphorus trichloride, with China accounting for the majority of the global output. The market in China has grown due to the presence of numerous phosphorus trichloride producers there. Because of the region's growing need for agrochemicals, the demand for phosphorus trichloride is predicted to grow in Asia Pacific region at a high rate over the course of the projection year. The growing demand for phosphorus trichloride in the agrochemicals segment is expected to propel the market's quick expansion in developing countries like India and China over the forecast period.
Based on the end-user industry, the global Phosphorous Trichloride market is divided into Agrochemicals, Pharmaceutical, Surfactant, Sequestrants, & Water treatment Chemical, Plastic Additives, and Others. However, Agrochemicals is the leading segments and held about 60% of the global Phosphorous Trichloride market in 2022. The market for phosphorus trichloride is dominated by the agrochemicals industry worldwide. Over the course of the projected period, the segment is anticipated to continue to dominate. Because of the increased use of pesticides and herbicides worldwide, the agrochemicals segment is expected to grow at an attractive rate throughout the projected period. During the forecast period, plasticizers and phosphorus oxychloride are anticipated to be high-potential segments of the worldwide phosphorus trichloride market. A preferred and useful ingredient in the production of plasticizers and flame retardants is phosphorus trichloride.
Major players in the Global Phosphorous Trichloride market are Akzo Nobel N.V., Excel Industries, Guangzhou Zoron Chemical Technology Co., Ltd., Italmatch Chemicals, Monsanto Company, Nutrien Ltd., Shanghai Fopol Chem-Tech Industry Co. Ltd, Solvay S.A., Syngenta AG, and The Mosiac Company.
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 Phosphorous Trichloride which covers production, demand and supply of Phosphorous Trichloride market in the globe.
• To analyse and forecast the market size of Phosphorous Trichloride
• To classify and forecast Global Phosphorous Trichloride market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Phosphorous Trichloride market in the globe.
To extract data for Global Phosphorous Trichloride market, primary research surveys were conducted with Phosphorous Trichloride 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 Phosphorous Trichloride market over the coming years.
ChemAnalyst calculated Phosphorous Trichloride demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Phosphorous Trichloride. 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:
• Phosphorous Trichloride manufacturers and other stakeholders
• Organizations, forums and alliances related to Phosphorous Trichloride 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 Phosphorous Trichloride 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 Phosphorous Trichloride 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
180 thousand tonnes
Market size Volume in 2032
512 thousand tonnes
Growth Rate
CAGR of 4.5% 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.
Segments covered
By End-Use: (Agrochemicals, Pharmaceutical, Surfactant, Sequestrants, & Water treatment Chemical, Plastic Additives, 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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What was the net market size of Phosphorous Trichloride in terms of volume in 2022?
Ans:
The global market size of Phosphorous Trichloride has reached approximately 180 thousand tonnes in 2022.
Q2.
Which industry is the leading consumer of Phosphorous Trichloride?
Ans:
Agrochemicals industry is the leading consumer of Phosphorous Trichloride globally.
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