(MENAFN- America News Hour) In a recently published report, Global Phosphorus and Derivatives Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Phosphorus and Derivatives Market products.
Get Sample Reports Here –
It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Phosphorus & Derivatives Market is valued approximately at USD 73.66 billion in 2019 and is anticipated to grow with a growth rate of more than 3.7% over the forecast period 2020-2027. Phosphorous is a combustible non-metal found in two allotropic forms white and red phosphorous. Phosphoric acid, phosphorus oxychloride, phosphorus pentachloride, phosphorous acid, sodium hypophosphite, phosphorus tribromide, triethyl phosphate and tributyl phosphate among others are the derivatives of Phosphorus. Several pyrotechnic applications utilize elementary phosphorus including projectiles and fireworks. It is also used in the metallurgical industry for formation of metallic alloys like phosphorous brass and for manufacturing insecticides. Moreover, the derivatives such as phosphoric acid is used in cleaning of metals as phosphatizing agent and also as an additive in certain drinks. However, the element has dominant use in fertilizers as it is an important plant nutrient and is often used as limiting nutrient for several crops. Hence the extensive use of fertilizers for increase in crop yield along with increase in demand for water treatment has led the adoption of Phosphorus & Derivatives across the forecast period. As per Statista, investments in the residential water treatment appliances in Italy increased from USD 5.75 million in 2016 to USD 6.3 million in 2017 and to USD 6.51 million in 2018. Moreover, the city of Houston invested USD 1.5 billion increasing its water capacity of area will rise to 320 MGD with the implementation of the project. The Water Purification Plant Expansion venture includes construction of pump station, treatment facilties and ground storage tanks. This increases the utilization of Phosphorous and its derivatives for water treatment. However, deteriorating quality of phosphate rock and stringent regulations on usage of phosphates in detergents and conservations of resources hinder the market growth over the forecast period of 2020-2027. Although, the use of the element in batteries for electric vehicles such as rechargeable lithium iron phosphate batteries present potential growth opportunities to the market.
The regional analysis of global Phosphorus & Derivatives market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to agriculture being the main occupation in the country like India which extensively uses fertilizers for crop yield. Moreover, the increasing government initiatives for water treatment in China, Japan India further fuel the market growth. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as China taking the lead in manufacturing batteries for electric vehicles whose demand is to exponentially grow during the forecast period would create lucrative growth prospects for the Phosphorus & Derivatives market across Asia-Pacific region.
Major market player included in this report are:
Agrium Inc. (Canada)
OCP S.A. (Africa)
Mosaic Co (U.S)
Eurochem (Russia)
Yara International ASA (Norway)
Akron OAO (Russia)
CF Industries Holdings Inc. (U.S.)
Israel Chemical Ltd. (Israel)
Lanxess AG (Germany)
United Phosphorus Limited (India).
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Ammonium Phosphates
Industrial Phosphates
Purified Phosphoric Acid
Phosphorus Chloride
Phosphorus Pentoxide
Phosphorus Pentasulfide
By Application:
Fertilizers
Detergents
Food Industry
Water Treatment Chemicals
Metal Finishing
Flame Retardant Material
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Phosphorus & Derivatives Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor
Download Sample Reports Here –
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email :
Phone: +1 313 462 0609
Leonard Thomas
Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .
MENAFN24092021004545010068ID1102855603
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.