Phosphorus Pentachloride MarketSize and Trends

Market Dynamics

Phosphorus pentachloride is mainly used as a chlorinating agent for manufacturing of dyes and pharmaceuticals. According to India International Trade Centre, more than 40% of the total production of dyes and dye intermediates in the world is catered by Chinese units.

The rapidly developing chemical industry is one of the major drivers for growth of the phosphorus pentachloride worldwide. Phosphorus pentachloride is used as a dehydrating agent and it is also used to produce stabilizers and plasticizers for elastomers and plastics, to improve the grain structure in metal casting.

Market Trends

Phosphorus Pentachloride Market Outlook

Phosphorus Pentachloride market in Asia Pacific is growing rapidly due to increasing demand especially from the emerging economies such as China and India. According to IBEF (India Brand Equity Foundation), India’s chemical industry is the third largest producer in Asia Pacific and sixth in terms of output in the world. Moreover, the market of chemical industry in India was valued at US$ 144 billion in 2015, and is expected to reach US$ 403 billion in 2025. This is anticipated to augment grow of the phosphorus pentachloride market in this region and across the globe. Moreover, India accounts for around 16% of the global dyestuff and dye intermediates production, thereby enhancing the utilization of phosphorus pentachloride in Asia Pacific.
North America held a prominent market share in the global phosphorus pentachloride market in 2017, with U.S. being the major contributor to the market growth in 2017. According to the U.S Department of Commerce, U.S. accounts for 15% of the global chemical shipments, and ranks first in the chemical production and exports. In 2016, the U.S. chemical industry experienced sales exceeding US$ 800 billion with an investment of US$ 91 billion in the research and development in the same year. This is further anticipated to propel growth of the phosphorus pentachloride market in this region.