The market size of phosphorus & derivatives is projected to reach USD 75.9 Billion by 2020

The market size of phosphorus & derivatives is projected to reach USD 75.9 Billion by 2020 from USD 61.9 Billion in 2014, at a CAGR of 3.5% between 2015 and 2020. The high growth of the industry is mainly due to increase in demand from application industries such as fertilizers, detergent, the food industry, water treatment chemicals, metal finishing, and flame retardants material.

Browse 86 tables and 78 figures spread through 194 Pages and in-depth TOC on "Phosphorus & Derivatives Market “

Ammonium phosphate is the key product of phosphorus & derivatives followed by industrial phosphate and purified phosphoric acid. Ammonium phosphate is the largest segment and accounts for more than 58.1% share of phosphorus & derivatives market. The Asian region dominated the demand for ammonium phosphate type of phosphorus & derivatives, followed by Americas and Europe. The phosphorus chloride segment is projected to register the highest CAGR of 4.5% between 2015 and 2020.

Fertilizers are the key application of phosphorus & derivatives followed by detergents and the food industry. Fertilizers are the largest application in the phosphorus & derivatives market and account for more than 86.1% share of the market. The flame retardants material application is projected to register the highest CAGR of 7.7% between 2015 and 2020.

The leading players in the market include the Agrium Inc. (Canada), OCP S.A. (Africa), The Mosaic Company (U.S), Eurochem (Russia), Yara International ASA (Norway), Akron OAO (Russia), CF Industries Holdings, Inc. (U.S.), Innophos Holdings, Inc. (U.S.), Israel Chemical Ltd. (Israel), Lanxess AG (Germany), and United Phosphorus Limited (India).

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Asia is projected to lead the phosphorus & derivatives market by 2020, followed by Americas and Europe. Increasing crop production to meet the demand of growing population drives Asia to lead the phosphorus & derivatives market by 2020. The Middle East and Africa are the fastest-growing markets for phosphorus & derivatives due to emerging industries in developing economies such as Jordan and Morocco.

The phosphorus & derivatives market is mainly driven by essential nutrient for body functioning, increasing population, introduction and development of Halogen Free Flame Retardants (HFFR), decreasing arable land, increasing use of bio-fuels, and increasing demand for water treatment. The key factors restraining this market include regulations on phosphorus usage in detergents, conservation of resources, decreasing quality of phosphate rock. The opportunities for phosphorus & derivatives market are Improved Hard Process (IHP) for kiln phosphoric acid production and use of phosphorus in batteries for electric vehicles.

The report includes types of phosphorus & derivatives, such as ammonium phosphates, industrial phosphates, purified phosphoric acid, phosphorus chloride, phosphorus pentoxide, and phosphorus pentasulfide. Ammonium phosphate and its derivatives are widely used for fertilizers in both granular and liquid forms. It is an effective source of phosphorus and nitrogen that is required for the development of plants. Ammonium phosphate accounted for 58.1% share of the said market in 2014. The phosphorus chloride projected to witness the highest CAGR of 4.5% by value between 2015 and 2020.

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