Phosphorous Trichloride Industry - Forecast and Analysis by Regions (2017-2022) Report at MarketResearchNest.com

MarketResearchNest.com adds “Global Phosphorous Trichloride Market 2017-2021” new report to its research database. The report spread across 93 pages with table and figures in it.

Research analysts forecast the global phosphorous trichloride market to grow at a CAGR of 5.00% during the period 2017-2021.

About Phosphorous Trichloride
Phosphorus trichloride is a fuming liquid with a pungent odor, and is colorless or slightly yellow in color. It is highly reactive to atmospheric moisture and transported in glass-lined, lead-lined, or nickel vessels. It is used in a wide range of applications involving the production of phosphorus oxychloride, phosphorus acid, phosphorus pentachloride, and acid chlorides used in pharmaceutical synthesis, and additives for the plastics, lubrication oils, paints, and other industries.

Covered in this report
The report covers the present scenario and the growth prospects of the global phosphorous trichloride market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-phosphorous-trichloride-market-2017-2021.html

The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW

Technavio's report, Global Phosphorous Trichloride Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global phosphorous trichloride market: BASF, Excel Industries, LANXESS, Punjab Chemicals & Crop Protection, and Solvay.

Other Prominent Vendors in the market are: Lianyungang Dongjin Chemical, Merck, SANDHYA, Sanonda Group, and Xuzhou JianPing Chemical.

Commenting on the report, an analyst from Research team said: “One trend in the market is consolidation of the agrochemical market. The global agrochemicals market is fragmented because of which none of the players have a major foothold. With the goal of gaining an advantage over the competitors in the market, many companies have stepped forward to reduce competition. For example, Agrium's merger with PotashCorp in 2016 led the integration of a crop input company with a retail distribution platform.”

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According to the report, one driver in the market is rapid industrialization to boost the demand for plasticizers. Rapid urbanization in developing regions such as APAC and ROW has resulted in increased construction activities, thereby boosting the demand for plasticizers. In addition, the application of eco-friendly and bio-based plasticizers in construction activities is a crucial factor promoting the growth of the market. The market in these regions has witnessed the increase in the use of plasticizers in engineering medical devices owing to the increase in the demand for non-phthalate plasticizers with better toxicology properties. Plasticizers are preferred in the production of medical tubing for dialysis and intravenous infusion applications as well.

Further, the report states that one challenge in the market is concerns related to the transportation of hazardous chemicals. The safe transportation of hazardous chemicals, such as phosphorus trichloride, across the globe is one of the biggest concerns. The sudden growth of the chemical industry has led to an increase in the safety concerns of chemical logistics due to the increase in the freight traffic. The shortage of trained professionals for handling the packaging and transportation of hazardous chemicals and the lack of awareness regarding new and emerging trends and technologies are some of the major drawbacks witnessed worldwide.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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