BRISBANE, April 20, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research has recently published a Report, titled, "Phosphorus and Derivatives Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. Experienced industry analysts assess growth opportunities, market sizing, technologies, applications, supply chains, and companies with the singular goal of helping to make informed business decisions, free of noise and hype. This market report also provides an exhaustive analysis of the geographical scenario of the Phosphorus and Derivatives industry including a detailed analysis of the market scope, share, year-on-year development, and opportunity analysis about the major regions. The phosphorus and Derivatives market document also highlights the market growth during the forecast period 2023-2030.
The significant Phosphorus and Derivatives marketing report delivers the best analytics through exhaustive research methodologies. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the market opportunities have also been discussed in this business report. It takes into account top factors which are impacting the growth of the market. The industry report gives an idea about the sub-market that will make a momentous contribution to the market. With the market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region.
Data Bridge Market Research analyzes that the global phosphorus and derivatives market is expected to reach the value of USD 96,344,321.78 thousand by 2030, at a CAGR of 4.14% during the forecast period. Phosphoric acid is the largest product segment in the market due to the growing use of phosphorus in the global phosphorus and derivatives market.
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Phosphorous is a combustible nonmetallic element generally found in two allotropic forms: white phosphorous and red phosphorous. Phosphoric acid, phosphorous acid, phosphorus oxychloride, phosphorus pentachloride, phosphorus tribromide, sodium hypophosphite, tributyl phosphate, and triethyl phosphate are such derivatives of phosphorous. Phosphorus derivative phosphoric acid is a crystalline acid generally weak, colorless, and odorless. These inorganic materials are corrosive to the ferrous metal & alloys and possess good solubility in water. These tend to decompose in high temperatures. These may form toxic fumes when combined with alcohol. It gives soft drinks a tangy flavor and prevents the growth of mold and bacteria, which can multiply easily in a sugary solution. Most of the soda's acidity also comes from phosphoric acid.
The driving factors that may be responsible for the growth of the global phosphorus and derivatives market are the rapid growth in the agriculture, food, and food and beverages sector. However, the stringent government regulations on phosphorus and derivatives usage are expected to restrain the market.
On the other hand, strategic initiatives by market players and the rise in the agriculture field and the food and beverages industries may act as an opportunity to grow the phosphorus and derivatives industry. The risks associated with overusing phosphate-based products may create challenges for the global phosphorus and derivatives market. There are some recent developments related to the global phosphorus and derivatives market.
Opportunity:
- Increasing innovation and new product launches
Leading market players have launched new products that exhibit improved capabilities. Manufacturers have taken the necessary steps to improve the accuracy of new products and overall functionality.
Market players are further focusing on producing phosphoric acid domestically and operating by exporting to other regions to expand their business.
Thus, growing innovations and new product launches are expected to offer an opportunity for the global phosphoric acid market.
Recent Developments
- In March 2023, Solvay announced that it had been recognized as one of the 60 top suppliers for 2022 in Northrop Grumman Corporation's global network of more than 10,000 suppliers. This will increase the company's brand image, among others.
- In March 2023, Airedale group announced that the company would continue growing by acquiring McCann chemicals. This will help in increasing the growth and diversification of the company's product portfolio.
Some of the major players operating in the Phosphorus and Derivatives market are:
- ANEXIB Chemicals
- Nippon Chemical Industrial CO., LTD.
- The Mosaic Company
- LANXESS
- Solvay
- Ma'aden
- ICL
- Xuzhou JianPing Chemical Co., Ltd.
- Anhui Guangxin Agrochemical Co., Ltd.
- Futong Chemical Co., Ltd
- Excel Industries Ltd.
- Nutrien Ltd.
- OCP
- Strem
- Kazphosphate LLC
- PhosAgro Group of Companies
- SMC Global
- SANDHYA GROUP
- Sekisui Diagnostics
- Airedale Chemical Company Limited
- EuroChem Group
- Innophos
- Aditya Birla Management Corporation Pvt Ltd.
- Jordan Phosphate Mines Company
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Data Bridge Market Research employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives.
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.
Market Dynamics: Phosphorus and Derivatives Market
Drivers
- Increasing demand for fertilizers in agriculture industry
Phosphoric acid produces several fertilizers, including DAP, MAP, NPKs, and SSP.
Diammonium phosphate (DAP) is the most popular phosphatic fertilizer because of its physical properties. The composition of DAP is N-18% and P2O5 -46%. DAP fertilizers are perfect for any agriculture crop to provide full phosphorus nutrition throughout crop growth and development and a starter dose of nitrogen and low Sulphur. It can be applied in autumn for tilling and spring during sowing and pre-sowing cultivation. Dissolving in soil provides temporary alkalization of the pH of the soil solution around the fertilizer granule, thus stimulating better phosphorus uptake from the fertilizers on acid soils. Fertilizer sulfur also contributes to plants' better intake of nitrogen and phosphorus.
Thus, multiple uses of phosphoric acid to produce phosphate fertilizers are expected to drive the growth of the global phosphoric acid market.
- Increasing demand in the pharmaceutical sector
Phosphoric acid is mainly used in many medical applications, such as dental cement, for preparing albumin derivatives, acidifying the urine, removing necrotic (dead cells or tissue) debris, anti-nausea medicines, teeth whiteners, and mouth washing liquid.
Phosphoric acid used in teeth whitening phosphoric acid can alter the tooth surface. Using 37% phosphoric acid following bleaching can significantly increase the decalcifying effect of the acid on the enamel surface, creating an uneven etched surface. Moreover, it can create sensitivity in the teeth.
Thus, the growing usage of phosphoric acid in medical applications is expected to drive the growth of the global phosphoric acid market.
Restraint:
- Stringent government regulations on phosphorus and derivatives usage
There are many regulations by different government regulatory bodies for the use and production of phosphoric acid.
The FDA protects the public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, chemicals, and others. USFDA has given some regulations for using phosphoric acid in food and regulations for handling phosphoric acid. Below are some of the parameters by FDA for protection purposes
Thus, due to the stringent government regulations on phosphoric acid, there are limitations on the use of phosphoric acid, which may impede the market growth in the forecast period.
Challenge:
- Risks associated with over usage of phosphate based products
At state, provisional, and national levels, the phosphoric acid supply is regulated by various government rules as several risks could impact the usage of fertilizers, and there are several environmental impacts during the production of phosphoric acid.
The production of phosphate fertilizers usually uses as raw material sedimentary phosphate rock, which contains enhanced concentrations from U‐series radionuclides about 10–100 times higher than unperturbed soils.
Thus, due to the harmful impacts of phosphoric acid on air, water, soil, and human health, many government bodies have led the implementation of several regulations, high-standard certification schemes, and company registrations for the use of phosphoric acid, which may pose a challenge to the global phosphoric acid market.
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Key Market Segmentation: Phosphorus and Derivatives Market
Product
- Phosphoric Acid
- Ammonium Phosphate
- Phosphorus Pentoxide
- Phosphorus Chloride
- Phosphorus Sulfide
- Industrial Phosphate
- Hypophosphorus Acid
- Tricalcium Phosphate
- Triethyl Phosphate
- Phosphorus Tribromide
- Trichlorophosphate
- Adenosine Triphosphate
Form
- Dry
- Liquid
Application
- Fertilizers
- Food and Drink Additives
- Detergents
- Metal Finishing
- Water Treatment Chemicals
- Quantum Dots
- Flame Retardant Material
End User
- Agriculture
- Food & Beverage
- Pharmaceuticals/HealthCare
- Chemical Processing
- Automotive
- Home Care
Allotropes
- Red Phosphorous
- White Phosphorous
Regional Analysis/Insights: Phosphorus and Derivatives Market
The global phosphorus and derivatives market is segmented into five notable segments such as product, form, application, end user, and allotropes.
The countries covered in the phosphorus and derivatives market report are U.S., Canada, Mexico, Russia, U.K., Germany, France, Italy, Spain, Netherlands, Poland, Sweden, Belgium, Ireland, Austria, Denmark, Finland, Romania, Czech Republic, Portugal, Greece, Hungary, Slovakia, Luxembourg, Bulgaria, Croatia, Lithuania, Slovenia, Latvia, Estonia, Republic of Cyprus, Malta, Japan, China, South Korea, India, Australia, Singapore, Thailand Taiwan, Hong Kong, New Zealand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Morocco South Africa, Saudi Arabia, United Arab Emirates, Qatar, Egypt, Israel, and Rest of Middle East and Africa.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of phosphorus and its derivatives and the challenges faced due to stringent regulations are considered while providing forecast analysis of the country data.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Phosphorus and Derivatives Market: Regulations
- Market Overview
- Global Phosphorus and Derivatives Market, By Product
- Global Phosphorus and Derivatives Market, By Application
- Global Phosphorus and Derivatives Market, By Form
- Global Phosphorus and Derivatives Market, By End User
- Global Phosphorus and Derivatives Market, By Allotropes
- Global Phosphorus and Derivatives Market, By Region
- Global Phosphorus and Derivatives Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-phosphorus-and-derivatives-market
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