H1 2023: The leading consumer of Phosphorus Pentachloride in H1 2023 was the Asia Pacific region. In the first four months of 2023, the Phosphorus Pentachloride market experienced majorly pessimistic sentiments in the Chinese market due to a decline in procurement from the downstream pharmaceutical sector. Due to the Lunar New Year holidays, which reduced trading, the market continued its downward trend in January. Furthermore, February was mostly devoted to restocking activities in China and led to slight hike in prices. Due to a low demand, the product's prices continued to decline in March as a result of the upstream phosphorus trichloride's diminished cost support. Due to Asia’s weak demand from the downstream pharmaceutical industry, market remained hazy. Prices inched up in China in May and then feel drastically in the end of May 2023. At the same time, Asia continued to see a depressing stream of new orders from the downstream dye businesses. The end-user sectors’ lacklustre demand resulted in mediocre market transactions and a decline in Phosphorus Pentachloride prices. There was low demand in the Asia Pacific area, exports were low, and supply in the Asian market was constant. On the other hand, US experienced pessimistic market scenario in H1 2023. Due to weak market dynamics and low demand from markets, the drop persisted till June 2023 in the US. Furthermore, downstream sectors refrained from making big purchases due to their caution regarding the pricing trend, especially the pharmaceutical industry.
The global Phosphorus Pentachloride market stood at approximately 740 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3% during the forecast period until 2032.
Phosphorus pentachloride is frequently employed to produce paint additives, flame retardants, water treatment chemicals, insecticides, lubricating oils, plasticizers, and stabilizers for elastomers and plastic industry. This chemical is utilized in the production of organic compounds, intermediates, dyes, and other materials as catalysts and chlorinating agents. It serves as a catalyst in the synthesis of acetyl cellulose, a plastic film that is used to print cinema films. It is employed as a chlorinating agent in organic chemistry. In Pharmaceutical sector, it is also used to make cephalosporins and penicillin. It is employed as a catalyst for condensation and cyclization reactions as well as in the synthesis of acid chlorides. In the chemical sector, Phosphorus pentachloride is employed to produce Malonic dinitrile, aromatic sulfonyl chlorides, and benzenesulfonyl chloride. As a halogenating reagent, phosphorus pentachloride can be used to change any substituted aldehyde into the appropriate vinyl halide. Moreover, it can react with ammonium chloride to produce cyclophosphazenes and linear phosphazenes. It is also utilized as a catalyst for condensation processes, cyclization, and the production of acetyl cellulose.
Throughout the projected period, the global demand for pharmaceuticals and dyes is anticipated to fuel the phosphorus pentachloride market's expansion. Many industries employ phosphorus pentachloride as a chlorinating agent in the production of medicines and dyes. Furthermore, the market for phosphorus pentachloride is anticipated to rise as a result of rising demand for this substance and the chemical industry's rapid growth. The global Phosphorus Pentachloride market is anticipated to reach nearly 990 thousand tonnes by 2032.
Asia Pacific is the major consumer of the global market for Phosphorus Pentachloride. The market for phosphorus pentachloride is anticipated to grow rapidly in Asia Pacific due to the region's rapidly expanding chemical sector, rising demand for pharmaceuticals and dyes. China is the world's largest producer and exporter of dyes. Phosphorus pentachloride is being produced by a large number of companies of China.
Based on the end-user industry, the global Phosphorus Pentachloride market is divided into Pharmaceutical Industry, Dyes Industry, Chemical Intermediates, and Others. Among these, Pharmaceutical Industry is the major segment and held about 36% of the global Phosphorus Pentachloride market in 2022. Furthermore, Dyes Industry also holds significant market share of Phosphorus Pentachloride.
Major players in the Global Phosphorus Pentachloride market are Shijiazhuang Zhonghao Chemical, Suzhou Hantai Chemical Co. Ltd., Tongshan Hongda Fine Chemical Factory, Vital Group, Inc., Xuzhou JianPing Chemical Co., Ltd., and Xuzhou Yongli Fine Chemical Co. Ltd.
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 Pentachloride which covers production, demand and supply of Phosphorus Pentachloride market in the globe.
• To analyse and forecast the market size of Phosphorus Pentachloride
• To classify and forecast Global Phosphorus Pentachloride market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Phosphorus Pentachloride market in the globe.
To extract data for Global Phosphorus Pentachloride market, primary research surveys were conducted with Phosphorus Pentachloride 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 Pentachloride market over the coming years.
ChemAnalyst calculated Phosphorus Pentachloride 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 Pentachloride. 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 Pentachloride manufacturers and other stakeholders
• Organizations, forums and alliances related to Phosphorus Pentachloride 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 Pentachloride 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 Pentachloride 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
740 thousand tonnes
Market size Volume in 2032
990 thousand tonnes
Growth Rate
CAGR of 3% 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: (Pharmaceutical Industry, Dyes Industry, Chemical Intermediates, 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
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What was the net market size of Phosphorus Pentachloride in terms of volume in 2022?
Ans:
The global market size of Phosphorus Pentachloride has reached approximately 740 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Phosphorus Pentachloride?
Ans:
Asia Pacific region is the leading consumer of Phosphorus Pentachloride globally.
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