According to the ChemAnalyst report titled “Global Phosphorus Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032,” the Phosphorus Acid market is expected to reach 430 thousand tonnes by 2032, with a projected Compound Annual Growth Rate (CAGR) of 4.63% in the forecast period. This growth is driven by the increasing demand for Phosphorus Acid from end-use industries such as Construction, Chemical Intermediates, and Water Treatment.
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Phosphorus Acid, also known as orthoPhosphorus acid, has the chemical formula H3PO3. It is a tasteless, colorless, or yellowish crystalline substance with a melting point of approximately 73°C. It is an unstable compound that readily absorbs moisture and transforms into phosphoric acid (H3PO4) when heated to temperatures exceeding 180°C or in the presence of oxygen. Phosphorus acid finds applications in various downstream industries, including agriculture, construction, automotive, and textiles. It is primarily used in the production of PVC stabilizers like lead phosphite, synthetic fibers, effective water treatment agents, organophosphorus insecticides, and potent reducing agents.
The primary driver of the global Phosphorus Acid market is its use in the construction industry worldwide. The most significant application of Phosphorus Acid is in the production of basic lead phosphite, which is used as a stabilizer in PVC and other chlorinated polymers. PVC is extensively employed in construction materials such as pipelines, fixtures, window and door frames, wires and cables, and roofing. The ongoing industrialization and development of new infrastructure projects are expected to accelerate the construction industry, providing momentum to the market for Phosphoric Acid. Moreover, Phosphorus Acid plays a crucial role in the production of synthetic fibers by preventing shrinkage and heat cracking in concrete.
The production of various phosphate-based chemicals using phosphoric acid is anticipated to drive global demand for Phosphorus Acid. Additionally, Phosphorus Acid is a key raw material for the manufacture of Amino trimethylene phosphonic acid, a chemical widely used in industrial water treatment. The increasing industrialization and the decreasing availability of freshwater resources are driving the demand for this chemical, further contributing to the global expansion of the Phosphorus Acid market.
The Phosphorus Acid market is segmented based on end-use, sales channel, and region. In terms of end-user industries, the global Phosphorus Acid market includes Construction, Chemical Intermediates, Water Treatment, and Others. Among these, the Construction Industry is the major consumer, accounting for approximately 37% of the market in 2022. The Chemical Intermediates industry is another significant application of Phosphorus Acid.
Regionally, the Asia Pacific region dominates as the largest consumer of Phosphorus Acid, driven by the tremendous growth in construction activities and increased government spending on public infrastructure. The demand for PVC, which is anticipated to rise due to its water-resistant properties, is expected to further augment the Phosphorus Acid market in the region. Additionally, Asia Pacific is a key player in Phosphorus Acid production, with China being a major contributor.
Key players in the Phosphorus Acid market, as identified in the report “Global Phosphorus Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032,” include DuPont, Chemfine International Co. Ltd, Linyi Chunming Chemical, Futong Chemical Co Ltd, Zibo TianDan Chemical, Rudong Huayun Chemical, Sure Chemical Co. Ltd, and others.
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https://www.chemanalyst.com/industry-report/phosphorous-acid-market-763
Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm affiliated with ChemAnalyst, stated, “Phosphorus Acid is a versatile polymer with applications in various downstream industries such as Construction, Chemical Intermediates, Water Treatment, and Others. Its use in forming PVC stabilizers and manufacturing PVC, which is primarily used in the construction sector for applications like pipes and tanks due to its characteristic water-resistance properties, is expected to boost the Phosphorus Acid market in the forecast period until 2032.”
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