Phosphorus Based Catalyst Market Outlook Highlights Major Opportunities Likely to Steer Demand during Forecast Period 2018 to 2028

Phosphorus based catalysts are basically a mix of nonmetallic chemical elements of the nitrogen family. They are generally semitransparent, colorless, soft, waxy solids that glow in the dark. Phosphorus based catalysts were discovered back in 1669 by a German merchant named Hennis Brand.

 

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Phosphorus based elements exhibit high chemical reactivity and thus, are not found naturally in their free-state, except in a few meteorites. The principal source of Phosphorus Based Catalyst Market is the apatite series and this series comprises calcium ions, phosphate ions and varied amounts of chloride, fluoride and hydroxide ions. Phosphorus based catalysts always contain phosphate ions and are found in more than 550 different minerals. Some phosphorus based catalysts are also found in different minerals such as vivianite and wavellite.

Phosphorus based catalysts are mixed with water to form phosphoric acid, H3PO4. Of the total production of phosphorus based catalysts in the United States, around 95% is used in the manufacturing of food supplements for animals and fertilizers. Another 5% phosphorus based catalysts are used to form the element and of the remaining 5%, some catalysts are used in alloying agents and chemical synthesis, while others are used to kill rodents.

A significant amount of phosphorous based catalysts are used for the manufacturing of oil additives and insecticides; however, most catalysts are generally lost to wastage between mining and consumption. These catalysts are widely used in vitamins and the pharmaceutical industry and also find application in plasticizing, cleaning and specialty synthesis. Phosphorus based catalysts are used for the production of carbodiimides from isocyanates.

Phosphorus Based Catalyst Market: Dynamics

The global phosphorus based catalyst market is projected to register substantial growth during the forecast period due to the increased demand for phosphorus based catalysts from various industry products such as fertilizers, detergents, water treatment chemicals, metal finishing, flame retardants and foods.

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End use industries, especially food, fertilizer and water treatment chemicals, among others are expected to surge the demand for phosphorus based catalysts in the coming years. Further, phosphorus based catalysts are expected to witness higher adoption in the metal finishing sector and in detergent products. The U.S., Germany, China, India, and Japan are witnessing a surge in the consumption of phosphorus based catalysts due to the steady growth of various end use industries such as food, water treatment chemicals, fertilizers, construction and infrastructure in these countries. The demand for phosphorus based catalysts in North America and Asia pacific is expected to increase due to the growth of end use industries, infrastructural development and technological innovations.

Phosphorus Based Catalyst Market: Regional Outlook

As of 2017, North America dominated the phosphorus based catalyst market in terms of revenue generation and Europe is projected to emerge dominant in terms of revenue gereatiuon by the end of the forecast period. Further, attributing to economic growth, increasing standard of living and infrastructure development in China, India and other part of Asia pacific, the phosphorus based catalyst market in these regions is expected to witness substantial growth in the coming years. Other regions such as the Middle East and Africa are also slated to gain momentum and register noteworthy growth over the forecast period.

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