(MENAFN- Ameliorate Digital Consultancy)
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.
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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.
Several uses for phosphorus trichloride are propelling market expansion.
A number of goods, including surfactants, metal extractants, agricultural products, additives for lubricants, flame retardants, and stabilisers for plastics, are produced using phosphorus trichloride as an intermediary.
This substance can enter the environment, is consumed during production processes, does not bioaccumulate, however it is not biodegradable.
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Competitive Landscape
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. Key Companies Profiled:
Syngenta Crop Protection AG Mosaic Company Solvay S.A. Akzo Nobel N.V. Excel Industries Shanghai Fopol Chem-Tech Industry Co. Ltd. Nutrien Ltd. Guangzhou Zoron Chemical Technology Co. Ltd. Lanxess
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Key Questions Covered in the Phosphorus Trichloride Market Report
What is the projected value of the Phosphorus Trichloride factors Industry in 2022? At what rate will the global Phosphorus Trichloride factors market size grow until 2032? Which are the factors hampering the growth of Phosphorus Trichloride factors? Which region is expected to lead in the global Phosphorus Trichloride factors market By 2032? Which are the factors driving the Phosphorus Trichloride factors Industry during the forecast period? What is the expected market value of the Phosphorus Trichloride factors market during the forecast period?
Regional Analysis For Phosphorus Trichloride Market:
APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) North America (USA, Canada and Mexico) South America (Brazil, Chile, Argentina, Rest of South America) MEA (Saudi Arabia, United Arab Emirates, South Africa)
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