Phosphorus and Derivatives Market Forecasts to 2028 – Global Analysis By Type (Purified Phosphoric Acid, Phosphorus Pentoxide and Other Types), Application (Water Treatment Chemicals, Fertilizers and Other Applications), End User (Building and Constructio

Phosphorus and Derivatives Market Forecasts to 2028 – Global Analysis By Type (Purified Phosphoric Acid, Phosphorus Pentoxide and Other Types), Application (Water Treatment Chemicals, Fertilizers and Other Applications), End User (Building and Construction, Automotive and Other End Users) and By Geography

According tStratistics MRC, the Global Phosphorus and Derivatives Market is accounted for $68.97 billion in 2022 and is expected treach $97.28 billion by 2028 growing at a CAGR of 5.9% during the forecast period. The industry is expanding quickly as a result of increased demand from sectors like fertilisers, detergents, the food industry, water treatment chemicals, metal finishing, and flame retardants without halogens. The demand for phosphorus and its derivatives, such as phosphorus tribromide, phosphorus pent chloride, adenosine triphosphate, ammonium phosphate, and purified phosphoric acid, is rising as more water needs tbe treated, halogen-free flame retardants (HFFR) are developed and used, and biofuels are increasingly popular.

According to, in 2012 the International Energy Agency (IEA), and by 2019 they accounted for around one-third of the worldwide electric vehicle stock. China (40 percent of global sales) and Europe remain the twmost important markets (36 percent). In 2019, plug-in hybrids accounted for 36% of all-electric vehicles sold in Europe and 21% in China.

Market Dynamics:

Driver:

Increased applications of phosphorus and derivatives

The rising demand from industries like fertilisers, detergents, the food industry, water treatment chemicals, metal finishing, and flame retardants without halogens, the business is growing swiftly. The demand for phosphorus and its derivatives, such as phosphorus tribromide, phosphorus pent chloride, adenosine triphosphate, ammonium phosphate, and refined phosphoric acid, is mostly driven by the need for water treatment. Elementary phosphorous is a component of many pyrotechnic items, including fireworks and light projectiles. In the metallurgical industry, it is alsused tmake industrial oils, insecticides, and metal alloys such phosphorous brass. Phosphoric acid is used tclean metals as a phosphatising agent and as a component in some drinks. The multiple applications are therefore expected tincrease more quickly than expected over the anticipated period.

Restraint:

Strict regulations

The most widely used component in extremely caustic detergents, phosphate softens hard water and aids in suspending water impurities. If detergents are present in large enough concentrations, they can be hazardous tall sorts of aquatic life. The exterior mucus layers that shield fish from bacteria and parasites are destroyed by biodegradable detergents, which can seriously harm the gills. Eutrophication is another effect of phosphate on natural water bodies. Eutrophication has been cited by the Environmental Protection Agency (EPA) as the main issue in U.S. surface waters with poor water quality.

Opportunity:

Surging demand for lead-acid battery

Lead-acid batteries are a common option for energy storage and hybrid electric vehicle (HEV) applications due tits inexpensive cost, established technology, and high recycling efficiency. However, the standard valve-regulated lead-acid (VRLA) battery has a shorter cycle life under high-rate partial-state-of-charge (HRPSoC) conditions because of the irreversible hard sulphate formation in the negative plates. Taddress this issue, phosphorus-doped activated carbon (P-AC) is being used. The commercial lead-acid battery electrolyte 5 M H2SO4 has various positive effects on the reactivity of the batteries when a small amount of phosphoric acid is added. As a result, the need for lead-acid batteries is increasing along with the production and sales of hybrid electric vehicles, which is driving the sector forward.

Threat:

Hazardous impacts of phosphorus & derivatives

Although phosphorus has clear advantages for agricultural development, if it exits the site, it can cause pollution. A key worry is the transport of phosphorus from soils tstreams, rivers, lakes, and ultimately the seas. Transferring phosphorus from agricultural soils can lead teutrophication, a nutrient enrichment process that increases algal bloom and decreases dissolved oxygen levels. Additionally, phosphate overdose might be dangerous. Diarrhea, organ and soft tissue stiffness, and diarrhoea can all result from an excess of the mineral. The body's ability tuse other minerals including iron, calcium, magnesium, and zinc might be hampered by a phosphorus deficit.

Covid-19 Impact

The COVID-19 epidemic has caused a stagnation in the fertiliser market. The logistical problems, production halts or cuts, and personnel shortages that limited crop manufacturers' access tfertilisers had an impact on the industry. Also, governments from a number of nations have issued an emergency alert tensure the movement and shipping of agricultural goods in the midst of the outbreak. It was challenging for phosphate fertiliser firms tget back twork during the lockdown situation. Due tthis decrease in utilisation rate, production has decreased by 30% t40% year over year.

The ammonium phosphate segment is expected tbe the largest during the forecast period

The ammonium phosphate segment is estimated thave a lucrative growth. Ammonium phosphate is employed in a wide range of applications. One of these is its inclusion in a lot of baked goods sold commercially. It has alsbeen adopted as an efficient fertiliser due tits strong water solubility and quick dissolving properties. It is an essential mineral for plants tgrow well and continuously. Ammonium phosphate-based fertilisers alshelp the soil around plants by adding nitrogen, which promotes further growth and root development. Its solubility allows for fast release intthe soil, which is advantageous tyoung plants and plants in need of resuscitation.

The agriculture segment is expected thave the highest CAGR during the forecast period

The agriculture segment is anticipated twitness the fastest CAGR growth during the forecast period, as all plants need a sufficient amount of phosphorus for food supply tbe effective. This nutrient can be supplied by phosphorus tribromide, phosphorus pentachloride, adenosine triphosphate, ammonium phosphate, and pure phosphoric acid. Phosphorus (P) is necessary for productive farming and is essential for plants. In addition tbeing essential for the production of seeds, it alspromotes stronger root growth, early plant maturity (less time for grain tripen), stalk strength, resistance tillnesses that cause root rot, resistance twinter kill, and other benefits. As a result, crops will produce less when there is a phosphorus deficit. Due tthe enormous requirement for phosphorous for proper crop output, the agriculture sector has witnessed an increase in demand for phosphorous and its derivatives.

Region with highest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tthe region's developing agricultural industry, which is driving up demand for fertilisers there. The Australian Government's Department of Agriculture, Water, and the Environment reports that the country's production of agricultural, fishery, and forestry goods has increased in overall gross value. Any increase in national production must come from higher yields and productivity because there isn't any more land available for the production of palm oil. The demand for fertilisers would eventually rise along with the crop production, which will raise the demand for phosphorous & derivatives in the area.

Region with highest CAGR:

Asia Pacific is projected thave the highest CAGR over the forecast period, owing tthe strong demand for halogen-free flame retardants in growing countries and rising R&D spending. The demand for halogen-free flame retardants is being driven by the expanding local electrical and electronics industries. Asia has risen tthe top of the market for phosphorus and its derivatives as a result of increased crop output tfulfil the demands of a growing population. Ammonium phosphate's high production and consumption in Asia are anticipated tfuel market expansion.

Key players in the market

Some of the key players profiled in the Phosphorus and Derivatives Market include OCP S.A., Akron OAO, CF Industries Holdings Inc., Agrium Inc., Yara International ASA, Mosaic Co., Innophos Holdings Inc., Lanxess AG, Eurochem, Israel Chemical Ltd., United Phosphorus Limited., Nutrien, Innophos, Bayer AG Solvay , Merck KGaA and Xuzhou Jianping Chemical Co. Ltd.

Key Developments:

In November 2020, AgroLiquid launched a liquid phosphorus product, springuP, tits crop nutrition portfolio. This quick-release product is readily available and helps growers get their crops off ta strong start.

In February 2018, LANXESS completed its acquisition of Solvay's phosphorus chemical business in its U.S. production site in Charleston, South Carolina. This acquisition will provide both the Group’s texpand in the North America and Asia regions.

Types Covered:
• Purified Phosphoric Acid
• Phosphorus Pentoxide
• Ammonium Phosphate
• Phosphorus Pentasulfide
• Industrial Phosphate
• Phosphorus Chloride
• Other Types

Applications Covered:
• Water Treatment Chemicals
• Fertilizers
• Food Industry
• Detergents
• Flame Retardant Material
• Metal Finishing
• Pharmaceuticals
• Petrochemicals
• Catalyst Ligands
• Halogen Free Flame Retardants
• Coatings
• Quantum Dots
• Lead-Acid Batteries
• Polymers & Plastics
• Other Applications

End Users Covered:
• Building and Construction
• Automotive
• Agriculture
• Metal Industry
• Electrical and Electronics
• Medical & Healthcare
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements