The market is projected to register a CAGR of 3.5 % between 2015 and 2020, to reach USD 75.9 Billion by 2020. Phosphorus & derivatives are essential nutrients that are used as additives to develop the quality & strength of their end application such as fertilizers, detergents, and the food industry. The derivatives of phosphorus are mostly used as a fertilizer in the production of crops. These are also used in detergent manufacturing, water cleaning agents, and edible products.
The report includes applications of phosphorus & derivatives, such as fertilizers, detergents, the food industry, metal finishing, water treatment chemical, and flame retardants materials. Fertilizers account for a major market share among all applications in the phosphorus & derivatives market, the fertilizers segment is projected to register a CAGR of 2.3% in terms of volume between 2015 and 2020.
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.
The report covers the phosphorus & derivatives market and its trends for six regions, namely, Asia, Americas, Europe, Africa, Oceania, and The Middle East. The market has been analyzed with respect to fifteen key countries which include China, India, Indonesia, Pakistan, Vietnam, the U.S., Brazil, Canada, Argentina, Chile, France, Spain, Poland, Italy, and Germany. These countries have been analyzed based on the existing market reach manufacturers’ growth potential. Some of the prominent companies in the market include Agrium Inc. (Canada), OCP S.A. (Africa),Mosaic Co (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). These key players account for a significant share in the phosphorus & derivatives market.
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.