According to ChemAnalyst report, “Global Yellow Phosphorous Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030” The Yellow Phosphorous market witnessed steady growth in the historical years and is estimated to reach a market volume of 3000 thousand tonnes with a CAGR of 5.28% until 2030. Yellow phosphorous is in ongoing demand from chemical manufacturers since most of it is used to make phosphoric acid, mainly used to make phosphate fertilizers.
Yellow Phosphorous find applications in the production of many chemicals. Majorly, yellow phosphorous is utilized to produce phosphate-based chemicals like phosphoric acid, phosphorus trichloride, and phosphorus oxychloride. Although, the segment of phosphoric acid has captured the majority of the Yellow Phosphorous market. Fertilizer manufacturers extensively employ phosphoric acid. The chemical reaction of phosphoric acid with ground rock phosphate results in triple superphosphate (TSP). MAP and DAP are other fertilizers produced by reacting phosphoric acid and ammonia. Owing to rising crop demand paired with a decrease in cultivable land, the high demand for crops for the rising population will swell the demand for these fertilizers, anticipated to propel the yellow phosphorous market in the forecast period.
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The global Yellow Phosphorous market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Yellow Phosphorous market is segregated into Phosphoric Acid, Phosphorus Trichloride, Phosphorus Oxychloride, and Others. Its application for manufacturing Phosphoric Acid is mostly dominating the Yellow Phosphorous market. Phosphoric acid is a component of several household cleaners, detergents, and fertilizers (major application). Since the diluted solution of phosphoric has a pleasant acid flavor, this acid is often employed in water treatment goods and as additives, giving sugary sodas and other processed meals acidic characteristics.
Asia-Pacific region holds the highest share of consumption for Yellow Phosphorous. In Asia Pacific, increased demand for this acid due to the rising population coupled with rising agriculture activities will most likely lead to the expansion of Yellow Phosphorous market in countries such as China and India. Based on production, China tops the charts, followed by countries like Kazakhstan and Vietnam.
“Global Yellow Phosphorous Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, The major players operating in the global Yellow Phosphorous market are Kazphosphate LLC, Jiangyin Chengxing Industrial Group Co., Ltd., Hubei Xingfa Chemicals Group Co., Bayer (Monsanto), Sichuan Province Chuantou Chemical Industry Group Co. Ltd, Duc Giang Chemicals Group (DGC), Jiangsu Chengxing Phosph-Chemicals Co. Ltd, Yunnan Phosphate Fertilizer Industrial Co.,Ltd.(YPFIC), Yuntu Holdings, Yunnan Malong Industry Group Co., Ltd., Chengdu Wintrue Holding, Guizhou Sino-Phos Chemical Co., Ltd., Sichuan Leshan Jinguang Chemicals Co., Ltd., Guizhou Qianneng Tianhe Phosphorus Industry Co., Ltd., Yuntianhua Group Co.,Ltd., and Viet Nam Phosphorus Joint Stock Company.
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“Yellow Phosphorous is utilized mainly for the manufacturing of phosphate-based chemicals on a global level. Its usage for synthesizing phosphoric acid is taking the lead. Phosphoric acid is heavily employed by the fertilizer industry to produce fertilizers diammonium phosphate (DAP), MAP, and TSP. The demand for cereals and crops is expected along with rising population, which would lead to an increase in fertilizers like DAP, anticipated to swell the global Yellow Phosphorous market in the forecast period. Additionally, the application of Phosphoric Acid as food additive to increase the shelf-life of packaged food and mold growth in sugary drinks also contributes finely to the demand of Phosphoric Acid, and henceforth Yellow Phosphorous” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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