According to ChemAnalyst report, “Global Phosphorous Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The Phosphorous Acid market is anticipated to reach 430 thousand tonnes by 2032 at a CAGR of 4.63% in the forecast period. The increasing demand for Phosphorous Acid from Construction, Chemical Intermediates, and Water Treatment end-use industries, is likely to expand the Phosphorous Acid market in the forthcoming years.
Phosphorous Acid, also known as orthophosphorous acid, is a compound with the chemical formula H3PO3 It is a tasteless, colourless, or yellowish crystalline material having a melting point of about 73° C. It is an unstable substance that rapidly absorbs moisture and transforms into phosphoric acid (H3PO4) when heated over 180 °C or in the presence of oxygen. Phosphorous acid is used in various downstream industries like agricultural, construction, automotive, and textiles. The substance is mostly utilized to make PVC stabilizers like lead phosphite, synthetic fibres, effective water treatment agents, organophosphorus insecticides, and powerful reducing agents.
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The primary driver of the global Phosphorous Acid market is its usage by Construction Industry across the globe. The production of basic lead phosphite, a stabilizer in PVC and other related chlorinated polymers, is the most significant application of phosphorous acid. PVC is mostly utilized in building supplies such pipelines, fixtures, window & door frames, wires & cables, and roofs. Due to increased industrialization and the development of fresh infrastructure, are expected to speed up the construction industry and most likely give the market for phosphoric acid some momentum Because it prevents shrinkage and heat cracking in concrete, phosphorous acid is an essential ingredient in the production of synthetic fibres, which further contributes to the phosphorous acid market. The production of several phosphate-based chemicals using phosphoric acid is predicted to grow demand for phosphoric acid globally. Furthermore, phosphorus acid is widely used as a raw material for the manufacturing Amino trimethylene phosphonic acid. Amino Trimethylene Phosphonic acid is heavily used chemical in the industrial Water treatment. The decreasing number of freshwater resources with the rapid industrialization is constantly creating demand for this chemical thus adding up to the list of factors towards global phosphorous acid market expansion.
The Phosphorous Acid market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Phosphorous Acid market is segmented into Construction, Chemical Intermediates, Water Treatment, and Others. Among these, the Construction Industry is the major consumer with a share of roughly 37% in 2022. Furthermore, the Chemical Intermediates industry is another prominent application of the phosphorous acid.
Based on region, Asia Pacific region dominates as a consumer of Phosphorous Acid among all other regions. The tremendous increase in construction activities and increased spendings of government on public infrastructure, the demand for PVC is anticipated to rise, which will most likely augment the phosphorous acid market. Furthermore, Asia Pacific also dominates the market also in terms of production with China being one of the key players.
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“Global Phosphorous Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players functional in the Phosphorous Acid market include are DuPont, Chemfine International Co. Ltd, Linyi Chunming Chemical, Futong Chemical Co Ltd, Zibo TianDan Chemical, Rudong Huayun Chemical, Sure Chemical Co. ltd, and Others.
“Phosphorous Acid is a versatile polymer with applications in various downstream industries such as Construction, Chemical Intermediates, Water Treatment, and Others. Phosphorous acid to form PVC-stabilizers and manufacture PVC which is primarily used in the construction sector for applications likes pipes and tanks due to its characteristic property of water-resistance which is expected to boost the Phosphorous Acid market in the forecast period until 2032.“ Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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