The white phosphorous market shall witness significant growth rate in Middle East & Africa. Saudi Arabia is a prime importer of the product and shall show promising growth prospects for white phosphorous industry for the forecast period. North America and Europe are also anticipated to show considerable growth rate over the forecast period owing to the rising product demand in weapons and ammunitions segment of military sector.
The major challenge to white phosphorous market share in the coming years is the environmental threat it poses as a Hazardous Air Pollutant (as declared by EPA) during its manufacturing, storage and transportation. It reacts rapidly in air to produce toxic chemicals, which on inhalation can cause respiratory problems. In water bodies, it is found in bottom sediments of lakes and river. It reacts with oxygen in water slower than air, its toxicity affects aquatic life to a substantial extent.
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Global White Phosphorous Market size is likely to expand at a prominent CAGR in the forecast period. White phosphorous, a highly reactive allotrope of phosphorous, is a wax-like substance which ignites instantly on exposure to air.
What Information does this report contain?
- Historical data coverage:2014 to 2018; Growth Projections: 2019 to 2025.
- Expert analysis:industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
- 6-7 year performance forecasts:major segments covering applications, top products and geographies.
- Competitive landscape reporting:market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Asia Pacific led the global white phosphorous market share in 2016 in terms of consumption and production. This can be attributed to the booming pharmaceuticals, metallurgy and pesticides & fertilizers industry in this region. As the consumption and demand of pesticides is comparatively higher in Asia Pacific, due to huge agricultural lands and pressure of increasing population, the product demand is likely to boost in the coming years from the pesticides industry. Robust growth of pharmaceutical sector in this region shall positively influence market share over the forecast timespan. In addition, increasing defense and military spending in Asia Pacific countries including China, India and South Korea will complement the regional white phosphorous market size in the coming years.
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The product has main application in arms and ammunitions industry. Other areas where the product has prominent usage is synthesis of other phosphorous compounds, manufacturing of organic pesticides, metallurgy and pharmaceuticals. In ammunition industry, it is widely used in smoke bombs and flares that are used to produce smoke for concealing troop movements, displaying infrared signatures and identifying targets. Due to its instant ignition properties, it is used to destroy enemy equipment such as vehicles and storage tanks for oil, lubricants and petroleum in war situations.
The product is used as an intermediate to produce phosphoric acid, red phosphorous, carbon pentoxide and phosphorous trichloride. It is also employed as a raw material in manufacturing of organic phosphorous pesticides. In pesticides and fertilizers, white phosphorous is extensively used as an insecticide in pest control as a substitute for chlorinated hydrocarbons.
The prominent market share contributors functional in white phosphorous market are UPL Europe Limited, Yunphos (Taixing) Chemical Company Limited, Changzhou Qishuyan Fine Chemical Company Limited, 5-Continent Phosphorus Company Limited, Taj Pharmaceuticals Limited and Prasol Chemicals Limited. Other companies include Excel Industries Limited, Viet Hong Chemical and Trading Company Limited, Shymkent, Yunnan Phosphorus Group Company Limited, Sichuan Chuantou Chemical Industry Group Company Limited and Taraz.
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