Global Phosphorous Trichloride Market 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.
Technavio’s analysts forecast the global phosphorous trichloride market to grow at a CAGR of 5.00% during the period 2017-2021.
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.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Phosphorous Trichloride Market 2017-2021
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 Technavio’s 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.”
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.
BASF, Excel Industries, LANXESS, Punjab Chemicals & Crop Protection, Solvay, Lianyungang Dongjin Chemical, Merck, SANDHYA, Sanonda Group, and Xuzhou JianPing Chemical.