Skip to main content

Phosphorus Trichloride Market: Increasing Usage of Pesticides to Improve Crop Yields to Boost Growth, TMR

The global market for phosphorus trichloride demonstrates a highly fragmented business landscape as the established players, namely, Monsanto Co., Rhodia, Syngenta, and Xuzhou JianPing Chemical Ltd., are leading to a stiff competition, finds a new research report by Transparency Market Research (TMR).
In 2015, these enterprises, together, could hold only 28.42% of this market. Currently, they are focusing aggressively on strategic collaborations and agreements with the end-use industries to strengthen their position, which is anticipated to intensify the competition within this market in the near future, states the report.
 As per TMR’s estimations, the worldwide phosphorus trichloride market presented an opportunity worth US$1.23 bn in 2015. Burgeoning at a CAGR of 5.20% during the period of 2016-2024, it is anticipated to increase to US$1.92 bn by the end of the period of the forecast. Hitherto, the demand for phosphorus trichloride had been greater in agrochemicals than other application areas. Analysts expect this scenario to remain unchanged in the near future due to the increasing usage of phosphorus trichloride in the manufacturing of pesticides, herbicides, and insecticides.
Expansion of End-use Industries to Ensure Asia Pacific’s Dominance
The grade of phosphorus trichloride and the geographical reach of the global phosphorus trichloride market are the two of the significant parameters, on which, this research report has analyzed this market. According to the report, the worldwide market for phosphorus trichloride is spread across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. With a share of more than 44%, Asia Pacific led the global market in 2015 and is expected to remain seated in this position over the forecast period, thanks to the rise in various end-use industries, such as agrochemicals and pharmaceuticals.

On the basis of the grade, pure grade phosphorus trichloride and analytical reagents have been considered as the two main segments of this market in this study. Among the two, the demand for pure grade phosphorus chloride has been higher than analytical reagents and is anticipated to continue like this throughout the forecast period due to the rising usage of pure grade phosphorus chloride in the production of agrochemicals, phosphorus oxychloride, and plasticizers.
Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3906
Growing Demand for Food to Reflect Positively on Demand for Phosphorus Trichloride
“The phenomenal rise in the global population is having the most influential impression on the worldwide phosphorus trichloride market as with the growing population, the need for food has increased substantially, resulting in the increased usage of pesticides, herbicides, and insecticides in farming to improve crop yields,” says the author of the study. The significant growth in the chemical industry is also adding to the progress of this market substantially, notes the research study.

Although the growth prospects of this market are bright, it may face hindrances in future due to the high cost of phosphorus trichloride. However, the advancements in technologies used for the production of phosphorus trichloride are expected to create opportunities for further growth of this market in the years to come, states the report.
The report segments the global phosphorus trichloride market into:
By Grade
  • Pure
  • Analytical Reagent

By Application
  • Phosphorus Oxychloride
  • Chemical intermediates
  • Agrochemicals
  • Plasticizers
  • Pharmaceutical
  • Others (Oil additives, surfactants, etc.)

The study presented here is based on a report by Transparency Market Research (TMR), titled “Phosphorus Trichloride Market (Grade - Pure and Analytical Reagent; Application - Phosphorus Oxychloride, Chemical Intermediates, Agrochemicals, Plasticizers, Pharmaceuticals, Oil Additives, and Surfactants) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more