What Valuation is the Global Phosphorus Trichloride Market Expected to Reach by 2032

The phosphorus trichloride market was estimated to be worth US$ 1.63 billion in 2021, showing a 3% year-over-year increase in growth over the previous five years.

Phosphorous trichloride usage is expected to increase at a CAGR of 4% from 2022 to 2032, reaching a market value of US$ 2.48 billion worldwide.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7363

Due to the increased use of phosphorus trichloride as an intermediary in the production of chemicals and other related goods, the global market for phosphorus trichloride is projected to provide an absolute dollar opportunity worth US$ 798.6 million over the assessment period.

Several uses for phosphorus trichloride are propelling market expansion.

Phosphorus trichloride is used as a middleman in the production of a variety of products, such as metal extractants, agricultural products, flame retardants, surfactants, and plastic stabilisers.

This material is not biodegradable, yet it can enter the environment, be consumed during manufacture, and not bioaccumulate.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/phosphorus-trichloride-market

Region-wise Insights

With a 29.5% market share, the phosphorus trichloride market in North America is the largest. Due to the market's maturity in the area, this regional market is expected to grow at a moderate pace of 3% during the assessment period.

The market for phosphorus trichloride in Europe is expected to grow at a 4.5% CAGR over the next ten years, with a current market share of 26.2%. In the next years, the market is anticipated to expand at a faster rate than that of North America due to the growing demand for phosphorus trichloride from various end-use industries.

The market shares for phosphorus trichloride in East Asia and South Asia & Oceania are 15.1% and 13.4% of the total market share, respectively. High compound annual growth rates (CAGRs) of 4.6% and 4.9%, respectively, are anticipated for these two geographical markets.

Category-wise Insights

With 81.3% of the market share overall, the pure grade phosphorus trichloride category leads the market and is expected to grow at a 3.9% CAGR over the forecast period. Analytical grade phosphorus trichloride, on the other hand, has an 18.7% market share and is expected to grow at a 4% annual rate over the same time frame.

Pure phosphorus trichloride is a regularly used grade of phosphorus trichloride; it is less expensive and of lower purity than analytical phosphorus trichloride. The cost of analytical grade phosphorus trichloride is higher than that of pure grade, but the demand for it is anticipated to grow at a faster rate.

Competitive Landscape

The pure grade phosphorus trichloride category is leading the market with 81.3% of the total market share and is anticipated to grow at a 3.9% CAGR over the projected period. On the other hand, analytical grade phosphorus trichloride now holds an 18.7% market share and is projected to increase at a pace of 4% per year throughout the same period.

A common grade of phosphorus trichloride is pure trichloride, which is less expensive than analytical trichloride but has a lesser purity. Although analytical grade phosphorus trichloride is more expensive than pure grade, demand for it is expected to increase more quickly.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
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Phosphorus Trichloride Industry Survey by Category

By Grade :
Pure Grade
Analytical Grade
By End Use :
Organophosphorus Pesticide
Organophosphorus Chelating Agent
Flame Retardants
Other End-Uses
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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This release was published on openPR.