Phosphorus & Derivatives Market Forecast(2022 - 2027)
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• Phosphorus & Derivatives market size is forecast to reach US$69.2 billion by 2026, after growing at a CAGR of 3.1% during 20212026. The industry's rapid expansion is owing to rising demand from industries such as fertilizers, detergents, the food sector, water treatment chemicals, metal finishing, and halogen-free flame retardants. The factors which are primarily driving the demand for phosphorus & derivatives such as phosphorus tribromide, phosphorus pentachloride, adenosine triphosphate, ammonium phosphate, purified phosphoric acid are increasing demand for water treatment, as well as the development and adoption of halogen free flame retardants (HFFR) and the use of biofuels. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways Asia-Pacific dominates the phosphorus & derivatives market in 2020, owing to the increasing electrical & electronics industry in the region, which is accelerating the demand for halogen free flame retardants. According to Invest India, the domestic electronics market in India to attain US$400 billion by 2025. Phosphorus is required for the development of plants. It is ideal for application in the initial stages of crop growth as phosphorus is very important for the development of a proper root system, which is also driving the market growth. A paradigm shift to halogen free flame retardants from halogenated flame retardants such as organophosphorus flame retardants is positively impacting the phosphorous & derivatives market growth. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis The ammonium phosphate segment held the largest share of more than 25% in the phosphorus & derivatives market in 2020 and is growing at a CAGR of 3.5% during 2021-2026. Ammonium phosphate is used in many different areas. One of these is its incorporation in many commercially baked products. In addition, it has been instituted as an effective fertilizer, with good water solubility and rapid dissolving abilities. It is a crucial mineral for the healthy and sustained growth of plants.
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Phosphorus and Derivatives Market Industry Outlook • • • • • • • • •
OCP S.A. Agrium Inc. BASF SE Mosaic Co Eurochem Yara International ASA Innophos Holdings Inc. Akron OAO CF Industries Holdings,Inc
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