TAGS: Decorative Cosmetic
Perfumes & Fragrances Toiletries Hair Care
Data Bridge Market Research (DBMR) analyses that the Global Phosphorus and Derivatives Market is expected to grow at a CAGR of 4.14% from 2023 to 2030 and reach USD 96,344,321.78 thousand by 2030.
Growing Awareness About the Benefits of Phosphorus
Growing awareness about the benefits of phosphorus and its derivatives is expected to drive the growth of the global phosphorus and derivatives market.
Phosphate is essential for many personal care products, including cleansing, bath, fragrances, hair care, nail, makeup, and skin care products. It is generally used as a buffering agent in cosmetic products. Certain chemicals or ingredients cannot be useful in a basic environment and need an acidic or neutral environment to exert a proper effect. Therefore, phosphoric acid is used in moderation or as needed for adjusting the pH of the product. So, it controls the pH of cosmetic and personal care products. It can also be used as a sequestrant and antioxidant. Furthermore, it is used in the formulations of cleansing, bath, and other personal care products.
Thus, growing awareness about the benefits of global phosphorus and derivatives among consumers is expected to drive global growth in the market.
Phosphorus trichloride (PCl3) and phosphorus oxychloride (POCl3) are raw materials used on a large scale during the synthesis of pharmaceuticals. They are used to produce Active Pharmaceutical Ingredients (API) and intermediates of those substances.
Bisphosphonates or diphosphonates are a class of drugs commonly used to treat and prevent osteoporosis. These bisphosphonate drugs slow bone resorption by reducing osteoclast function.
In pharmacy, ammonium phosphate has been used as an antirheumatic. Phosphoric acid can be used in anti-nausea medicines. The combination of fructose, dextrose, and phosphoric acid is an over-the-counter (OTC) product used in children to relieve upset stomachs associated with nausea and vomiting. Also, anti-nausea monographs are one of the highly used anti-nausea medicines. These are phosphorated carbohydrate over-the-counter oral solutions that contain a mixture of nitrogen, potassium, dextrose (glucose), and levulose (fructose). Phosphoric acid is added to adjust the pH of the commercial product between 1.5 and 1.6. Phosphorated carbohydrate solution relieves upset stomachs associated with intestinal flu, stomach flu, or food or drink indiscretions.
On the other hand, phosphate derivatives such as phosphoric acid are mainly used in many medical applications, such as dental cement, for preparing albumin derivatives, acidifying the urine, removing necrotic (dead cells or tissue) debris, in anti-nausea medicines, teeth whiteners, and mouth washing liquid. It is used in teeth whitening, which can alter the tooth surface. Using 37% phosphoric acid following bleaching can significantly increase the decalcifying effect of the acid on the enamel surface, creating an uneven etched surface. Moreover, it can create sensitivity in the teeth.
Thus, increasing demand in the pharmaceutical sector is expected to drive the growth of the global phosphorous and derivatives market.
Segment Analysis
The global phosphorus and derivatives market is segmented into five notable segments based on product, form, application, end user, and allotropes.
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On the basis of product, global phosphorus and derivatives market is segmented into phosphoric acid, ammonium phosphate, phosphorus pentoxide, phosphorus chloride, phosphorus sulfide, industrial phosphate, hypophosphorus acid, tricalcium phosphate, triethyl phosphate, phosphorus tribromide, trichlorophosphate, adenosine triphosphate, and others. In 2023, phosphoric acid is expected to have the largest market share owing to the high consumption of phosphoric acid
In 2023, the phosphoric acid segment is anticipated to dominate the global phosphorus and derivatives market: In 2023, the phosphoric acid segment of this market will dominate the global phosphorus and derivatives market owing to its increasing application in various industries. The phosphoric acid segment is expected to reach the highest CAGR of 4.76% in 2023-2030.
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On the basis of form, the global phosphorus and derivatives market is segmented into dry and liquid. In 2023, the liquid segment is expected to dominate with 63.01% market share due to its application in various segments, it increases food production, and an adequate amount of phosphorus is required. Phosphorus is an essential nutrient required for plant growth. Phosphorus is one of the most important elements for plant life, along with nitrogen and potassium. It helps in root development, plant maturation, and seed development
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On the basis of the application, the global phosphorus and derivatives market is segmented into fertilizers, food and drink additives, detergents, metal finishing, water treatment chemicals, quantum dots, flame retardant material, and others. In 2023, the fertilizers segment is expected to dominate with 78.88% market share because phosphorus is crucial for plant growth—with it, plants can acquire, transfer, and store the energy that helps them flourish in full health
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On the basis of end user, the global phosphorus and derivatives market is segmented into agriculture, food & beverage, pharmaceuticals/healthcare, chemical processing, automotive, home care, and others. In 2023, the agriculture segment is expected to dominate with 77.99% market share because phosphorus is a vital nutrient for plants, allowing them to grow and thrive. Without adequate phosphorus intake from the soil, plants cannot grow in the way they should need
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On the basis of allotropes, the global phosphorus and derivatives market is segmented into red phosphorous and white phosphorous. In 2023, the red phosphorous segment is expected to dominate with 62.02% market share because red phosphorus is preferred over white phosphorus. Red phosphorus is more stable due to its tetrahedral structure, which has much less angular strain. Also, white phosphorus is poisonous, but red phosphorus is non-poisonous
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In 2023, the agriculture segment is projected to hold the largest share of end user segment in the global phosphorus and derivatives market
In 2023, agriculture holds the maximum market share because phosphorus is a vital nutrient for plants, allowing them to grow and thrive. The agriculture segment is growing with a CAGR of 4.28% from 2023 to 2030.
Major Players & Market Developments
Data Bridge Market Research recognizes the following companies as the major Global phosphorus and derivatives market players in Global phosphorus and derivatives market are ANEXIB Chemicals, Nippon Chemical Industrial CO., LTD., The Mosaic Company,
LANXESS,
Solvay, Ma'aden, ICL, Xuzhou JianPing Chemical Co., Ltd., Anhui Guangxin Agrochemical Co., Ltd., Futong Chemical Co., Ltd, Excel Industries Ltd., Nutrien Ltd., OCP, Strem, Kazphosphate LLC, PhosAgro Group of Companies, SMC Global, SANDHYA GROUP, Sekisui Diagnostics, Airedale Chemical Company Limited, EuroChem Group, Innophos, Aditya Birla Management Corporation Pvt Ltd., Jordan Phosphate Mines Company, and PCC Rokita Spółka Akcyjna among others.
Below are the few market developments:
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In February 2023, Nippon Chemical Industrial CO., LTD. announced that it had completed the expansion of facilities for phosphorus raw materials for quantum dots at the Fukushima No.2 Factory
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In September 2022, Clariant AG launched an innovative phosphate ester offering superior sustainability and outstanding performance in metalworking fluid formulations
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In August 2022, OCP launched a new building for the production of purified phosphoric acid through their subsidiary Euro Maroc Phosphore (EMAPHOS)
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In May 2021, Nippon Chemical Industrial CO., LTD. announced that it had developed Specialty Phosphates that are suitable for active material and solid-state electrolytes in a small all-solid-state battery
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In April 2021, Nippon Chemical Industrial CO., LTD. announced its completion of a new Production Building for High-purity Red Phosphorus. The Fukushima No.2 Factory
Regional Analysis
Geographically, the countries covered in the Phosphorus and Derivatives market report are U.S., Canada, and Mexico, Russia, U.K., Germany, France, Italy, Spain, Netherlands, Poland, Sweden, Belgium, Ireland, Austria, Denmark, Finland, Romania, Czech Republic, Portugal, Greece, Hungary, Slovakia, Luxembourg, Bulgaria, Croatia, Lithuania, Slovenia, Latvia, Estonia, Republic of Cyprus, Malta, Japan, China, South Korea, India, Australia, Singapore, Thailand Taiwan, Hong Kong, New Zealand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Morocco South Africa, Saudi Arabia, United Arab Emirates, Qatar, Egypt, Israel, and Rest of Middle East and Africa as per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global phosphorus and derivatives market during the forecast period 2023 -2030
In 2023, the Asia-Pacific segment is expected to dominate the global phosphorus and derivatives market with a 42.02% market share. This is due to its increasing use of phosphorus and its derivatives in various industries such as agriculture and food and beverages.
Asia-Pacific is estimated to be the fastest-growing region in the global phosphorus and derivatives market for the forecast period 2023-2030. Asia-Pacific is expected to grow during the forecast period due to the number of product launches and growing awareness regarding the benefits of phosphorus and its derivatives.
Source: Data Bridge Market Research
