Overview of the global phosphorous trichloride market
With the increase in urbanization in regions such as APAC, the construction sector is witnessing significant growth. This in turn has resulted in an increase in the demand for plasticizers. Technavio’s market research report has identified the rapid industrialization that triggers the demand for plasticizers as one of the primary factors that will fuel the growth of the phosphorous trichloride market in the coming years. Plasticizers find application in the production of medical tubing and intravenous infusion applications. Additionally, there is a growing demand for plasticizers from the automotive industry as well. Moreover, the increasing demand for electronic appliances is also triggering the demand for non-phthalate plasticizers from the consumer electronics industry. This demand for plasticizers will subsequently fuel the growth of the phosphorous trichloride market. Our market research analysts estimate that this global market will grow steadily at a CAGR of about 5% by 2021.
The consolidation of the agrochemical market is one of the key trends that will gain traction in the phosphorous trichloride market in the coming years. This agrochemical market appears to be fragmented and no major players account for the maximum share. To improve their market position, the companies are focusing on reducing the competition by following strategies such as . For instance, one of the major companies Agrium merged with PotashCorp in 2016 and this helps in the reduction of production cost for potash and nitrogen. Similarly, to enter the untapped markets, another major company Yara acquired Greenbelt Fertilizers that has distribution facilities in countries such as Zambia, Malawi, and Mozambique.
Competitive landscape and key vendors
The phosphorous trichloride market is marginally fragmented due to the presence of several regional and international players. Phosphorous trichloride manufacturers mainly compete based on parameters such as technology, trait leadership, price, quality, and cost. Moreover, these players have wide geographical presence and have production facilities across the globe.
The leading vendors in the market are-
Punjab Chemicals & Crop Protection
The other prominent vendors in the market are Lianyungang Dongjin Chemical, Merck, SANDHYA, Sanonda Group, and Xuzhou JianPing Chemical.
Segmentation by grade type and analysis of the phosphorous trichloride market
During 2016, the pure grade segment accounted for the major share of the phosphorous trichloride market. Pure grade phosphorus trichloride has applications in the production of organophosphorus pesticides such as glyphosate and herbicides and insecticides such as dipterex and diazinon. Moreover, manufacturers are also focusing on utilizing pure grade phosphorus trichloride in the treatment of water containing inorganic and organic phosphorus compounds.
Segmentation by geography and analysis of the phosphorous trichloride market
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the phosphorous trichloride market throughout the forecast period. The growth of the end-user industries related to agrochemicals and pharmaceuticals in countries such as China and India will be one of the major factors fueling the growth of the phosphorous trichloride manufacturers in this region.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global phosphorous trichloride market?
What are the key market trends impacting the growth of the global phosphorous trichloride market?
What are the challenges to global phosphorous trichloride market growth?
Who are the key vendors in the market?
What are the market opportunities and threats faced by the vendors in the global phosphorous trichloride market?
Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
What are the key outcomes of the five forces analysis of the global phosphorous trichloride market?
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