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Global Phosphorus Pentoxide Market InsightJanuary 13, 2022 Comments
The Phosphorus Pentoxide is forecast to gradually increase over the next four years. According to the WK-chem Research “Global Phosphorus Pentoxide Professional Survey Report 2022, Forecast to 2027”, With the Various chemical reactions yield different productsVarious chemical reactions yield different products, the Phosphorus Pentoxide industry is developing at a stable speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 3.9% base on WK-chem Research regression analysis model.
“The Phosphorus Pentoxide acts as a powerful dehydrating agent and desiccant,which can form concentrated phosphoric acid with different concentration grades. The biggest demand is as fertilizer.A variety of changing forms make it have a great development prospect”,said Iris, Data Analyst, Industrial Products Market Research Center i in WK-chem Research.”However, according to its characteristics of reacting with water or wood to generate a large amount of heat to initiate combustion, merchants need to pay great attention to its preservation during production and transportation.”
Phosphorus-containing fertilizer is one of the applications of phosphorus pentoxide, which is in great demand in the agricultural field. This is a major driver for the phosphorus pentoxide market. Phosphorus is an essential nutrient for plant growth. Crops that use phosphorus-containing fertilizers yield faster and higher yields.This is followed by its application as dehydrating agent in the foods & packing, organic synthesis reactions, pharmaceuticals, electronics and many manufacturing industries. The usage of phosphorus pentoxide varies significantly in the chemical industry due to its applications as laboratory reagent, starting or reagent material in synthesis processes, and in heat-insulating glass production.
Phosphorus pentoxide is flammable and may cause fire if not handled properly, and it is corrosive to metals, so how to store it is a challenge for market development.
This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leadingPhosphorus Pentoxide companys that include LANXESS,Special Materials Company, Tokyo Chemical Industry Co. Ltd., Fisher Scientific,CF Industries Holdings, Inc.and Prasol Chemicals.Some leading companies focus on the production and development of derivatives.They do not stick to phosphorus pentoxide itself, but set their sights on its products.
Segmentation of Phosphorus Pentoxide Market:
Phosphorus pentoxide can be divided into two categories:Pharmaceutical Grade and Industrial Grade.Industrial grade phosphorus pentoxide is more widely used, such as making glass, and obtaining various products through chemical reactions.
Phosphorus containing fertilizers, which are one of the applications of phosphorus pentoxide, are in high demand in agriculture sector. This is a major driver for phosphorus pentoxide market. Phosphorus is basic nutrient for plant growth. Crop yield is faster and greater with fertilizers that contain phosphorus. This is followed by its application as dehydrating agent in the foods & packing, organic synthesis reactions, pharmaceuticals, electronics and many manufacturing industries. The usage of phosphorus pentoxide varies significantly in the chemical industry due to its applications as laboratory reagent, starting or reagent material in synthesis processes, and in heat-insulating glass production.
Phosphorus Pentoxide Market: Regional Analysis
In terms of geography, the global Phosphorus Pentoxide market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The phosphorus pentoxide market in Asia Pacific will expand significantly owing to large-scale consumption potential and increasing production capacity.Developing countries such as China have great demand for phosphorus pentoxide, and China is the world’s largest producer and consumer of phosphorus pentoxide.The second is North America due to the increasing demand for phosphorus-containing fertilizers in the region.
Largest share area： Asia Pacific
Largest share country：China