The phosphorus & derivatives market is expected to expand by 2.4% during the five coming years to reach 107.5 million metric tons by 2018.
Due to its rapidly growing economy and swelling population, the Asian continent is expected to post the highest consumption rate in the coming years, according to estimates of some industry experts
The driving force of this market is the growing needs of crops to meet the food requirements of the increasing population and rising demand for water treatment.
Phosphorus & derivatives can be used as fertilizers, detergents and flame retardants. They can also be used in food industry, water treatment and metal finishing.
The global demand for phosphorus fertilizers is expected to grow at a CAGR of 2.24% during the next five years.
Detergents hold the second highest market share in phosphorus and its derivatives market. However, restrictions have been imposed on the use of phosphorus in detergents due to environmental implications. This has affected the growth of phosphorus in detergents.
Phosphorus has a number of derivatives such ammonium phosphates which hold the maximum market share. This is followed by other important derivatives such as industrial phosphates, phosphoric acid, phosphorus chloride, phosphorus pentasulfide and phosphorus pentoxide.
The major players in the global phosphorus & derivatives market are: Morocco based OCP, U.S. based The Mosaic Company, Innophos Holding Inc. (U.S.), PotashCorp (Canada), Belgium based Prayon Group, Russia based EuroChem, PhosAgro (Russia), China based Yuntianhua Group Co. Ltd, and India based United Phosphorus Limited.
