Yellow Phosphorus Market
Global Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 3.6% from 2019 to 2026. In terms of growth, Asia-Pacific is anticipated to attain the fastest compound annual growth rate (CAGR) during 2019 – 2026.
Phosphate is crucial to human beings because of its feature of being non-renewable and extensive usage as fertilizer in the agricultural sector. Hence, phosphorus resources are gaining importance in the global market. The major factors driving the global yellow phosphorus market are growing usage of phosphate fertilizer in agricultural production and non-renewable feature of yellow phosphorus. However, limited production and export of yellow phosphorus in some countries may hamper the market. Further, growing demand from developing economies would generate new growth opportunities for the market in the future years.
Market Segmentation and Crisp Analysis
The global yellow phosphorous market has been segmented into end-user, and country. Phosphoric acid, Phosphorus trichloride, Phosphorus pentoxide, Phosphorus pentasulfide, Sodium hypophosphite, and others are the further classifications of the end-user segment. China, the U.S., Kazakhstan, and Others are the countries covered in the report, on the global level. China is superior in producing yellow phosphorus with a sufficient supply of phosphorus ore resources and electric power. However, the Chinese government has steadily restricted the export of yellow phosphorus by raising the export tariff. The U.S. is the third-largest producer of yellow phosphorous but the U.S. government has also restricted the domestic production and export of yellow phosphorus.
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