According to the latest report published by Credence Research, Inc. Phosphorous Trichloride Market Size - Growth, Future Prospects and Competitive Analysis, 2017-2025, the global phosphorous trichloride market was valued at US$ 1.37 Bn in 2016, and is expected to reach US$ 2.27 Bn by 2025, expanding at a CAGR of 5.0% from 2017 to 2025.

Market Insights

The global phosphorous chloride (PCl3) market has witnessed significant growth in the last decade supported by the proliferation of chemical and agrochemicals industry. Growing demand for food and food products has led to rise in use of chemical based pesticides and other agrochemicals to ensure healthy harvest has turned out to be a significant growth factor for phosphorous trichloride market. It is anticipated that the global phosphorous trichloride market will experience gradual growth through the forecast period; however, fluctuation in production and processing costs may hold back the growth of this market.

For more details with charts and figures: http://www.credenceresearch.com/report/phosphorous-trichloride-market

Between pure and analytical reagent types, pure grade phosphorous trichloride leads the global market. Wide use across every application and usage area contributes to the dominance of this segment. Pure grade phosphorous is extensively used of agrochemicals, as a plasticizer and several other downstream applications. However, the demand for analytical grade phosphorous trichloride is anticipated to escalate during the forecast period attributed by upswing in life sciences and biotechnology research worldwide.