Global Phosphorus Trichloride Market To Reach Worth US$ 2.27 Bn By 2025 Trends In Agriculture Market To Define The Market Growth
According to the latest report published by Brisk Insights “Phosphorus Trichloride Market - Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global phosphorus trichloride market was valued at US$ 1.37 Bn in 2016, and is expected to reach US$ 2.27 Bn by 2025, expanding at a CAGR of 5.0% from 2017 to 2025.
The global Phosphorus chloride (PCl3) market has witnessed significant growth in the last decade supported by the proliferation of chemical and agrochemicals industry. Growing demand for food and food products has led to rise in use of chemical based pesticides and other agrochemicals to ensure healthy harvest has turned out to be a significant growth factor for Phosphorus trichloride market. It is anticipated that the global Phosphorus trichloride market will experience gradual growth through the forecast period; however, fluctuation in production and processing costs may hold back the growth of this market.
Between pure and analytical reagent types, pure grade Phosphorus trichloride leads the global market. Wide use across every application and usage area contributes to the dominance of this segment. Pure grade Phosphorus is extensively used of agrochemicals, as a plasticizer and several other downstream applications. However, the demand for analytical grade Phosphorus trichloride is anticipated to escalate during the forecast period attributed by upswing in life sciences and biotechnology research worldwide.
Browse the full report Phosphorus Trichloride Market - Growth, Future Prospects and Competitive Analysis, 2017–2025 at https://www.briskinsights.com/report/phosphorous-trichloride-market
Based on application areas, this report studies the global Phosphorus trichloride market for organophosphorus pesticides, flame retardants, organophosphorus chelating agents, Plastic additives and other applications. Among the considered application areas, organoPhosphorus pesticides occupies the largest revenue and volume share globally. Being the largest downstream consuming area, organoPhosphorus pesticides capture over 65% of the global market share in 2016. This segment is majorly driven by growing plantation areas due to increasing demand for food and agricultural products. The market for organoPhosphorus chelating agents is anticipated to witness the fastest growth rate during the forecast period due to growing research and commercialization initiatives taken in biotechnology, life sciences and pharmaceutical space.
Based on geographical distribution, Asia Pacific is anticipated to be the largest market for Phosphorus trichloride, both in terms of revenue and volume. Proliferation of downstream industries such as plastics, agrochemicals and pharmaceuticals in the emerging economies of this region is the premier driver of Asia Pacific Phosphorus trichloride market. North America market or Phosphorus trichloride is anticipated to the major trends on the global front. Other countries such as Germany, Italy, France, Brazil and others will also noticeably contribute to the global market revenue.