Transparency Market Research Report Added "Phosphorus Trichloride Market" to its database.
Albany, NY -- (SBWIRE) -- 05/19/2015 -- Phosphorus trichloride is a versatile industrial chemical, being used for the manufacture of organophosphorus compounds for a wide variety of applications. Phosphorus trichloride is a colorless fuming liquid with a high melting point. Phosphorus trichloride is incompatible with metals, water, fluorine, acids and variety of organic materials including alcohols, acids and reducing agents. Phosphorus trichloride is manufactured by the reaction of chlorine with white phosphorus, with continuous removal of phosphorus trichloride as it is formed. The production of phosphorus trichloride is controlled under the Chemicals Weapons Convention and the chemical is listed in schedule 3. Phosphorus trichloride is used as a precursor to phosphorus pentachloride, phosphoryl chloride and thiophosphoryl chloride which are used in numerous applications, including insecticides, herbicides, oil additives and flame retardants. Phosphorus trichloride is also used as a reagent in organic synthesis. Phosphorus trichloride is used to convert secondary and primary alcohols into carboxylic acids and alkyl chlorides. Furthermore, phosphorus trichloride can be used to manufacture gasoline additives, surfactants, textile finishing agents and medicinal products among others. Phosphorus trichloride is toxic, with a concentration of 600 ppm being lethal to animals and plants. Phosphorus trichloride is classified as corrosive and toxic under EU Directive.
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The growth in glyphosate herbicide market is increasing the global consumption of phosphorus trichloride. The consumption of phosphorus trichloride is growing in excess of demand for other phosphorus chemicals. The increase in demand from fertilizer industry is expected to be a major driving factor for the growth of phosphorus trichloride market. The global phosphorus trichloride demand is increasing due to growing food demand and increase in world population. In addition, increasing consumption of oil additives from emerging economies of Latin America and Asia Pacific is expected to increase the consumption of phosphorus trichloride. However, availability of substitutes and government regulations could hamper the growth of this market.
Asia Pacific is currently the fastest growing market for phosphorus trichloride followed by North America and Europe. China and India are the largest consumers of phosphorus trichloride in Asia Pacific due to presence of an established agricultural and fertilizer industry. Bangladesh, Kazakhstan, Malaysia and Indonesia are other major consumers of phosphorus trichloride in Asia Pacific. The market in Europe is expected to witness moderate growth as compared to the historic growth experienced by the region. North America is a mature market and expected to experience slow to moderate growth.
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The market is dominated by large and medium agricultural and chemical corporations. Some of the key players in this market are LianYunGang Dongjin Chemical Co., Ltd. (China); Binhai Wuzhou Chemical Co., Ltd.(China), Yixing Dongchang Chemical Co., Ltd.(china), Solvay chemicals (U.S.), Alfa Aesar (U.S.), A. B. Enterprises (India), Triveni Aromatics And Perfumery Private Limited (India), Lanxess AG (Germany), PK Chlorochem Private Limited (India), Sabero Organics Gujarat Limited (India), Potash Corporation of Saskatchewan (Canada), Wuhan Rison Trading Co., Ltd.(China), Guangzhou Zoron Chemical Technology co. ltd.(China), Shanghai Fopol Chem-Tech Industry Co., Ltd. (China), Mosaic Company (U.S.), Monsanto Company (U.S.) and Akzo Nobel N.V (Netherlands) among others. The top players have adopted different marketing strategies to accelerate the industry growth. Companies are using strategic acquisitions to broaden their product portfolio and increase their market share. In addition, companies are increasing their presence in key markets of Asia Pacific and Latin America to remain competitive in the market.
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