Phosphorus Trichloride Market Outlook (2022-2032)
The global phosphorus trichloride market was valued at US$ 1.63 billion In 2021, registering Y-o-Y growth of 3% over the past 5 years.
Worldwide consumption of phosphorus trichloride is predicted to reach a market value of US$ 2.48 billion by 2032, increasing a CAGR of 4% from 2022 to 2032.
The global market for phosphorus trichloride is estimated to generate an absolute dollar opportunity worth US$ 798.6 million during the assessment period because of the augmented application of phosphorus trichloride as an intermediate to produce chemicals and other related products.
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Phosphorus Trichloride Industry Survey by Category
Phosphorus Trichloride Market by Grade :
- Pure Grade
- Analytical Grade
Phosphorus Trichloride Market by End Use :
- Organophosphorus Pesticide
- Organophosphorus Chelating Agent
- Flame Retardants
- Other End-Uses
Phosphorus Trichloride Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
Top companies manufacturing phosphorus trichloride are focusing on marketing strategies such as acquisitions and innovation to gain an edge over others and serve a wider consumer base. With high demand from the agrochemicals industry, key players in the market are acquiring agricultural companies to incorporate innovation and streamline their product offerings.
- Mosaic Company acquired Plant Response in 2022. The acquired company provides biological-based solutions, crop input technologies, and recovered waste fertilizers.
- Syngenta acquired UniSpore and NemaTrident, next-generation bioinsecticides, in 2022, from Bionema Limited.