Phosphorus Trichloride Market Trends

Global Phosphorus Trichloride Market Overview

Phosphorus Trichloride Market Size was valued at USD 1.57 Billion in 2023. The phosphorus trichloride industry is projected to grow from USD 1.83 Billion in 2024 to USD 2.35 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.21% during the forecast period (2024 - 2032). Agricultural activities are becoming more advanced, increasing the requirement for phosphorus-containing fertilizers. Phosphorus is used in many different industries, and water treatment facilities are expanding all over the world. These factors are the main market drivers for phosphorus trichloride.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Phosphorus Trichloride Market Trends

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  Increased demand for agrochemicals is driving the market growth

  
  

Urbanization and population growth are boosting the agricultural sector. The demand for phosphorus-containing mineral fertilizers is driven by the use of phosphorus trichloride in agrochemicals and as a plasticizer in the production of plastic. Thus, the market CAGR is expected to increase as a result of the rising demand for agrochemicals to satisfy the population's growing needs. Phosphorus trichloride demand is increasing as a result of the expanding agrochemical market to meet anticipated community need, which is anticipated to accelerate business germination.

Additionally, the manufacture of compounds like triphenylphosphine and phosphites uses phosphorus trichloride as an intermediary. During the forecast period, expansion in the worldwide chemical sector is anticipated to drive up demand for phosphorus trichloride as an intermediate. As there are many market competitors present in the market, the application in numerous industrial segments will provide vendors with a number of opportunities to build the phosphorous trichloride market. This will aid in the expansion of the targeted market. Organophosphates are widely utilized in a variety of water treatment procedures as chelating agents, cleansers, corrosion inhibitors, and anti-scaling agents. Growing water treatment facilities around the world will increase market demand.

Furthermore, in order to create additional compounds and a wide range of goods for use in many different applications, such as surfactants, metal extractants, agricultural goods, additives for lubricants, flame retardants, stabilizers for plastics, etc., phosphorus trichloride is employed as an intermediate. Although it is not biodegradable, this chemical is also consumed during production processes, has the potential to enter the environment, and does not bioaccumulate. During the anticipated years, all of these variables are anticipated to help the phosphorus trichloride market develop by 1.2X. Additionally, phosphorus trichloride is used to make glyphosate, pesticides, organophosphate insecticides, phosphorus oxychloride, volume herbicides, and other chemicals. It is also used to make nerve gas chemical weapons with the aid of multistage chemical synthesis. However, the International Chemical Weapons Convention Treaty regulates its creation, application, and export. Thus, driving the phosphorus trichloride market revenue.

Phosphorus Trichloride Market Segment Insights

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  Phosphorus Trichloride Application Insights

  
  

The phosphorus trichloride market segmentation, based on application includes Chemical Intermediates, Agrochemicals, Gasoline additives, plasticizers, Pharmaceuticals, and Others. The agrichemicals segment dominated the market. The high demand for this chemical from various end-user industries, including agrochemicals, is anticipated to have an impact on the expansion of the phosphorus trichloride market. In the agrochemical business, phosphorus trichloride is frequently employed as a pesticide intermediate. This substance is widely utilized in the production of herbicides with organophosphorus, such as glyphosate. A common active ingredient in herbicides, fungicides, and insecticides is glyphosate, a type of pesticide.

Figure 1: Phosphorus Trichloride Market, by Type, 2022 & 2032 (USD Billion)                               

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Phosphorus Trichloride Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American phosphorus trichloride market area will dominate this market driven by the substantial chemical businesses in this area, which have a significant demand for phosphorus trichloride. The demand is partly a result of customers' rising health consciousness and the need for food production. Additionally, the U.S. pharmaceutical sector is favorably driven by consumer demand.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PHOSPHORUS TRICHLORIDE MARKET SHARE BY REGION 2022 (USD Billion)                               

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's phosphorus trichloride market accounts for the second-largest market share due to the escalating demand from significant end-use sectors, including chemicals, plastics & polymers, and others.The production of fertilizers, insecticides, and pesticides using phosphorus trichloride is the main factor driving the market in this area. The market expansion in the next years is projected to be driven by the rising demand for higher agricultural yield along with the expanding population. Further, the German phosphorus trichloride market held the largest market share, and the UK phosphorus trichloride market was the fastest growing market in the European region

The Asia-Pacific phosphorus trichloride market is expected to grow at the fastest CAGR from 2023 to 2032. The growth of this market in the Asia Pacific area is largely due to developing sectors like pharmaceuticals, agrochemicals, plasticizers, pesticides, and others. The regional phosphorus trichloride market is expanding as a result of rapid chemical industrialization, increased disposable income, and changing lifestyles. China has been identified as the region's major market shareholder. Moreover, China’s phosphorus trichloride market held the largest market share, and the Indian phosphorus trichloride market was the fastest growing market in the Asia-Pacific region.

Phosphorus Trichloride Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the phosphorus trichloride market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, phosphorus trichloride industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the phosphorus trichloride industry to benefit clients and increase the market sector. In recent years, the phosphorus trichloride industry has offered some of the most significant advantages to market. Major players in the phosphorus trichloride market attempting to increase market demand by investing in research and development operations include Monsanto Company (U.S.), Solvay (Belgium), Merck KGaA (Germany), LAXNESS (Germany), PCC Rokita (Poland), ICL (Israel), SANDHYA GROUP (India) and Alfa Aesar.

Founded in 1901 and with its headquarters in Creve Coeur, Missouri, The Monsanto Company was an American pesticide and agricultural biotechnology company. The most popular product made by Monsanto is Roundup, a herbicide with a glyphosate base that was created in the 1970s. Later, the business emerged as a significant grower of crops modified by genetic engineering. Monsanto was one of four companies to insert genes into plants in 1983, and it was also one of the first to test genetically modified crops in the field in 1987. One of the first businesses to use strategies created by biotech pharma companies, Monsanto was one of the first to incorporate the biotechnology industry's business model into agriculture.

A manufacturer of specialty chemicals is Lanxess AG. It creates, produces, and sells plastics, specialized chemicals, additives, and chemical intermediates. Agrochemicals, construction, automotive, aromas & flavors, pharmaceuticals, tyre chemicals, electrical, electronics, leather processing, and water treatment are just a few industries where the company's products are used. It collaborates with universities and research centers to do R&D. A formal agreement was signed in February 2021 by the speciality chemicals company LANXESS to buy all of Emerald Kalama Chemical's shares. Majority-owned by affiliates of American Securities LLC, a US private equity group, the US-based company is a world leader in specialty chemicals, notably for the consumer market.

Key Companies in the phosphorus trichloride market include

• Monsanto Company (U.S.)


• Solvay (Belgium)


• Merck KGaA (Germany)


• LAXNESS (Germany)


• PCC Rokita (Poland)


• ICL (Israel)


• SANDHYA GROUP (India)


• Alfa Aesar

Phosphorus Trichloride Industry Developments

February 2022: Agrochemical production will increase as a result of the acquisition of Plant Response by Mosaic Company, a market leader in the crop fertilizer sector.

January 2022: The development of two next-generation bioinsecticides, NemaTrident and UniSpore, by U.K.-based Bionema, a business that produces agricultural products, was announced by Syngenta, a major corporation in the agricultural industry.

January 2020: BASF successfully acquired the polyamide (PA 6.6) business from Solvay. BASF increases its polyamide capabilities with cutting-edge and well-known products like Technyl.

June 2018: In order to create the greatest agrochemical and seed corporation in the world, Bayer AG, a German chemical and pharmaceutical company finalized a USD 63 billion mega-deal to purchase Monsanto, a US-based biotech giant.

Phosphorus Trichloride Market Segmentation

Phosphorus Trichloride Application Outlook (USD Billion, 2018-2032)

• Chemical Intermediate


• Agrochemicals


• Gasoline Additive


• Plasticizer


• Pharmaceuticals


• Others

Phosphorus Trichloride Regional Outlook (USD Billion, 2018-2032)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America