Phosphorous Acid Market Overview
Phosphorous Acid Market size is estimated to reach US$29.0 billion by 2027,
after growing at a CAGR of 3.9% from 2022-2027. Phosphorous acid is a chemical
compound which is produced by hydrolysis of acetic anhydride or phosphorous
trichoride with steam or water. The acid has higher acidity corresponding to
phosphoric acid and thus is more acidic than its counterpart. The compound is
majorly used in production of PVC stabilizer such as lead phosphite, synthetic
fibers, organophosphorus pesticides, efficient water treatment agent and
also it is
used as strong reducing agent. Hence, due to such applicability, major
sectors like automotive, construction, textile and agriculture forms the major
user of phosphorous acid. Factors like growing construction activities,
increase in production volume of automotive and high demand for clothing &
apparel items are driving the growth of global phosphorous acid market.
However, phosphorous acid has some negative effects on human health such as
nose & skin irritation, lung problem, and shortness of breath. This can
negatively impact the usage of phosphorous acid in sectors like agriculture,
which can hamper the growth of global phosphorous acid industry
COVID-19 Impact
The necessary measures taken by countries such as consequential lockdown in order to prevent the wide spread of COVID-19, negatively impacted the functionality of major user of synthetic fibers and PVC plastics such as automotive and construction. Phosphorous acid forms basic ingredient in synthetic fibre production and also, lead phosphite made from phosphorous acid is used as PVC stabilizer in PVC plastic production. Synthetic fibre is used in automotive parts like seats and valves, while PVC plastic forms building products like pipes and fittings. The lack of availability of labors and raw material disrupted the activities of automotive & construction sector which had negative impact on usage of synthetic fibers and pvc plastic. For instance, as per, International Construction and Infrastructure Surveys, the construction and infrastructure activities across all regions went down in Q1 of 2020 with China in the Asia-Pacific region having the sharpest workload contraction. Also, as per the International Organization of Motor Vehicle Manufacturing, in 2020 there was a 16% global decline in vehicles production. Such decrease in productivity of these sectors, negatively impacted the demand for synthetic fibers and PVC plastic in them, thereby leading to less usage of phosphorous acid in production of such materials. This negatively impacted the growth of phosphorous acid industry.
Report Coverage
The report: “Phosphorous Acid
Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth
analysis of the following segments of the Phosphorous Acid Industry
By Grade – Technical Grade, Agriculture Grade, and
Others
By Form – Liquid, Solid, and Others
By Application –
Stabilizer, Reducing Agent, Water Treatment Chemical, Fertilizers, and Others
By End User – Automotive (Passengers Cars, Heavy
Commercial Vehicles, Light Commercial Vehicles, Others (Three-Wheeler, Two-Wheeler)),
Construction (Residential, Commercial), Agriculture, Oil & Gas, Power
Industry (Thermal, Wind, Hydro) Textiles (Woven, Non-woven) and Others
By Geography - North America (USA, Canada, Mexico),
Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of
Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New
Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil,
Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East,
Africa)
Key Takeaways
- Asia-Pacific
dominates the phosphorous acid industry as the region has major end
users of phosphorous acid like textile, agriculture and automotive in major
countries like China, India and South Korea
- Phosphorous acid is used in agriculture sector due to its ability to control the fungal diseases caused by pathogens that belong to the Oomycota on agronomical and horticultural crops.
- Phosphorous acid is also used in
production of phosphonic acid like aminotris which is an effective scale
inhibitor used in various industrial applications such as industrial water
treatment and detergents.
![Phosphorous Acid Market](https://i.imgur.com/FaGDdqp.png)
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Phosphorous Acid Market Segment Analysis – By Grade
Technical Grade held a significant share in phosphorous acid market in 2021, with a share of over 42%. Phosphorous acid as reducing agent is used in production of synthetic fibers and water treatment agent like aminotris, while lead phosphite made by phosphorous acid is used as PVC stabilizer and forms basic ingredient in PVC plastic production. Also, phosphorous acid dye is used in textile manufacturing. Growing technological advancement has increased the productivity of sectors like textile, automotive, and construction. For instance, as per the US Bureau of Economic Analysis, the output of textile manufacturing in the US in 2019 was US$18.79 billion which was 23.8% more from 2009. Also, as per European Automobile Manufacturers Association, the production and registration of passenger cars in the EU increased by 53.4% in 2021 with strong volume seen in Spain, France, Germany. Further, as per US Census Bureau, in 2021, construction activities increased in US, with residential construction showing an increase of 4.1% in November, up by 1% from 2020 same month. Such increase in productivity of these sectors will lead to more usage of phosphorous acid in textile dyes, synthetic fibers and lead phosphite production for PVC stabilizers. This will positively impact the growth of phosphorous acid industry.
Phosphorous Acid Market Segment Analysis – By End User
Construction
sector held a significant share in phosphorous acid market in 2021, with
a share of over 25%. Phosphorous acid forms a major ingredient in synthetic
fibre production which are used in concrete mixture to reduce shrinkage and
temperature cracking. Also, phosphorous acid is used in making lead phosphite
which is used as PVC stabilizer during polyvinyl chloride plastic formation. PVC
is majorly used in construction products like cables, window frames, rooftop,
pipes and fitting. The
rapid development in the construction sector in countries has increased the
scale of construction activities and the undertaking of new infrastructure
projects. For instance, as per European Union,
in December 2021, construction of building increased by 4.6% and civil
engineering by 3.3% compared to 2020. Also, in 2019 a total of US$ 102.3 billion worth
of projects were processed across all GCC countries, compared to US$ 101.8
billion in 2018. Such increase in construction and infrastructure development
activities will lead to more usage of synthetic fibre and PVC plastics,
resulting in more usage of phosphorous acid in their production. This will
positively impact the growth of phosphorous acid industry.
Phosphorous Acid Market Segment Analysis – By Geography
Asia-Pacific held the largest share in phosphorous acid market in 2021, with a share of 32%. The region consists of major end-users of phosphorous acid like automotive, construction and agriculture sector in major economies like China, India, South Korea and Australia. The economic development in these nations has led to increase in the industrial output of these sectors. For instance, as per the 2021 report of the European Automobile Manufacturers Association on global vehicle production, China produced 32% of 74 million cars manufactured worldwide with Japan & Korea producing 16%. Also, as per the State Council for the People’s Republic of China, in July 2021 China has approved projects related to the development of affordable rental homes. Further, as per October reports of Infrastructure Australia 2021, the major infrastructure activity relating to commercial buildings, civil infrastructure, and residential will double in the next three years. Phosphorous acid is used in making synthetic fibers that are used in automotive parts and lead phosphite made from phosphorous acid act as PVC stabilizer in PVC plastic which is used in construction products such as pipes and window profiles. Growing productivity in construction and automotive sector will create more demand of synthetic fibre and PVC in them, resulting in more usage of phosphorous acid in their production. This will positively impact the growth of phosphorous acid industry
Phosphorous Acid Market Drivers
Growing Construction Activities
PVC is the most used plastic material for building and
construction products such as pipes, cables, window profiles, flooring and
roofing. The most important use of
phosphorous acid is the production of basic lead phosphite, which is a PVC
stabilizer and
forms an important ingredient in PVC formulation. Lead phosphite protects PVC plastic
from the harmful effects of extreme temperature and ultraviolet radiations. Emerging economies, rapid
urbanization, and various infrastructural developments undertaken by countries
have increased the scale of construction activity. For instance, in preparation for the 2021 Expo, Dubai awarded about 47
construction contracts with a total value of US$ 3 billion to local and foreign
companies. In 2019
National Development and Reform Commission of China approved 26 infrastructure
projects estimated to be completed by 2023. Also, in 2021, Oman’s Ministry of Housing and Urban
Planning five new integrated projects that would provide 4800 housing units. The growing construction activities
and infrastructure development projects will increase demand of PVC plastic, thereby
increasing usage of phosphorous acid in its production. This will have a
positive impact on the growth of the phosphorous acid industry.
Increase in Production volume of Automotive
Phosphorous acid forms major raw material in the production
of synthetic fibers such as nylon and polyester. These fibers have major
applicability in automotive sector, as polyester is used in seat cushion and
nylon is used in components like valves, connecting road and crankshaft. The increase in purchase capacity, improvement in living
standards, and rapid urbanization have led to an increase in the demand for new
automotive vehicles, thereby increasing their production volume. For instance, as per the International Organization
of Motor Vehicle Manufacturing, in 2021, the global production volume was 80.1
million units showing an increase of 3% from 2020. Also, as per the November
2021 report of the Europe Automobile Manufacturer Association, the new passenger
car registration in the first ten months of 2021 increased up to 2.2% with an
increase shown in European Union markets like Italy showed 12.7%, Spain showed
5.6% and France showed 3.1%. Such increase in automobile production will
positively impact the usage of synthetic fibers in automotive sector, resulting
in more usage of phosphorous acid in their production. This will have positive
impact on growth of phosphorous acid industry.
Phosphorous Acid Market Challenges
Negative impact on health
Phosphorous Acid Industry Outlook
The companies to
develop a strong regional presence and strengthen their market position,
continuously engage in mergers and acquisitions. In phosphorous acid
market report, the phosphorous acid top 10 companies are:
- Rudong
Huayun Chemical
- Futong
Chemical
- Zibo
TianDan Chemical
- Nanjing
Jiayi Sunway Chemical Co. Ltd
- Sure
Chemical Co. ltd
- Ningbo
Samreal Chemical Co. Ltd
- Mudangjiang
Fengda Chemicals
- Hebei
Mojin Biotechnology Co. Ltd
- Chemfine
International Co. Ltd
- Linyi Chunming Chemical
Recent Developments
- In 2021, EuroChem Group AG, a leading global fertilizer company, acquired the Serra do Salitre phosphate project in Brazil, and such acquisition will strengthen the Group’s phosphorous based fertilizer production.
- In 2021, Nautic Partners acquired Aurora Plastic a
leading manufacturer of PVC, and such acquisition will expand the company’s
portfolio of high-end products including PVC polymers.
- In
2020, BASF produced an improved Red Phosphorus polyamide grade for
its Asian market, and the material has exceptional mechanical performance and great flame retardancy.
Relevant Reports
LIST OF TABLES
1.Global Phosphorous Acid Market, by Type Market 2019-2024 ($M)2.Global Phosphorous Acid Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Phosphorous Acid Market, by Type Market 2019-2024 (Volume/Units)
4.Global Phosphorous Acid Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Phosphorous Acid Market, by Type Market 2019-2024 ($M)
6.North America Phosphorous Acid Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Phosphorous Acid Market, by Type Market 2019-2024 ($M)
8.South America Phosphorous Acid Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Phosphorous Acid Market, by Type Market 2019-2024 ($M)
10.Europe Phosphorous Acid Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Phosphorous Acid Market, by Type Market 2019-2024 ($M)
12.APAC Phosphorous Acid Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Phosphorous Acid Market, by Type Market 2019-2024 ($M)
14.MENA Phosphorous Acid Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Phosphorous Acid Market Revenue, 2019-2024 ($M)2.Canada Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
3.Mexico Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
4.Brazil Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
5.Argentina Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
6.Peru Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
7.Colombia Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
8.Chile Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
10.UK Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
11.Germany Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
12.France Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
13.Italy Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
14.Spain Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
16.China Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
17.India Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
18.Japan Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
19.South Korea Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
20.South Africa Global Phosphorous Acid Market Revenue, 2019-2024 ($M)
21.North America Global Phosphorous Acid By Application
22.South America Global Phosphorous Acid By Application
23.Europe Global Phosphorous Acid By Application
24.APAC Global Phosphorous Acid By Application
25.MENA Global Phosphorous Acid By Application