The global Phosphorous Acid (CAS 10294-56) market was valued at 14.5 Million USD in 2021 and will grow with a CAGR of 5.95% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Phosphorous acid is the compound described by the formula H3PO3. This acid is diprotic (readily ionizes two protons), not triprotic as might be suggested by this formula. Phosphorous acid is an intermediate in the preparation of other phosphorus compounds. It is applied for reducing agent, nylon whiten agent, plastic stabilizer, synthetic fiber, phosphoric acid salt and agricultural pesticide intermediate etc. Phosphorous acid`s CAS number is 10294-56-1 or 13598-36-2.There has been significant rationalization in the phosphorus industry during the past 10 to 20 years, largely because of the diminishing use of sodium phosphates in home laundry detergent powders. The phosphorus industry has undergone a dramatic shift away from Western countries to Asian countries during this period as a result of changes in technology and the increasing cost of electricity. The development of capacity to produce technical-grade phosphoric acid from wet agricultural acid has also resulted in the loss of market share for thermal acid, which is produced from elemental phosphorus. Phosphorous acid is an important by-product of the phosphorus industry .In the past few years, the phosphorous acid industry have maintained a rapid pace of development. The production of the global phosphorous acid increased from 78.9 K MT in 2012 to 132.4 K MT in 2016. In 2016, the global phosphorous acid industry was valued at 116 million USD, and by 2023, the global phosphorous acid industry is expected to reach 194 million USD. At present, the world`s major producers are located in China. Futong Chemical, Jiangyin Yaoyu Chemical, Yichang Kaixiang Chemical, Rudong Zhenfeng Yiyang Chemical, Rudong Blessing Chemical and Linyi Chunming Chemical are the main players in this industry. Rudong Zhenfeng Yiyang Chemical is a global market leader. In 2016, Rudong Zhenfeng Yiyang Chemica accounted for 8.39% of the market share. In recent years, Chinese manufacturers have expanded their production capacity. At the same time, there are some new manufacturers to enter the industry, which makes the phosphorous acid market concentration continues to decline. Phosphorous acid is a very important intermediate. Phosphorous acid can be used in the plastics industry, pesticide industry, synthetic fiber industry and water treatment industry. Plastics & Polymers is the most critical application of phosphorous acid. In 2016, the Plastics & Polymers industry accounted for 36.78% of the global share of the application. This industry is affected by the economy and policy, so it`s important to put an eye to economic indexes and leaders` prefer. With the global economic recovery, more and more people pay attention to rising environment standards which may great affect this industry. In 2017, the price of phosphorous acid rose sharply due to rising raw material prices and environmental pressures. We think the industry is already very mature. Therefore, in a short time, we do not recommend entering the industry (As a manufacturer). In the future, the industry will maintain a stable development trend. At the same time, Chinese manufacturers will also occupy the absolute market share.

By Market Verdors:

Futong Chemical

Jiangyin Yaoyu Chemical

Yichang Kaixiang Chemical

Rudong Zhenfeng Yiyang Chemical

Rudong Blessing Chemical

Linyi Chunming Chemical

Jiangsu Jibao Technology

Rudong Huayun Chemical

Xuzhou Yongda Chemical

Zibo TianDan Chemical

Shandong Sinobioway Biomedicine

Taixing Xiangyun Chemical

Jiangxi Jinlong Chemical

Guizhou Sino-Phos Chemical

By Types:

Phosphorous Acid Crystal

Phosphorous Acid Liquid

By Applications:

Plastics & Polymers

Agriculture

Synthetic Fiber

Water Treatment

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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