The latest market report published by Credence Research, Inc. “Global Red Phosphorus Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Red Phosphorus Market generated revenue of around USD 403.41 million in 2021 and is anticipated to grow a CAGR of over 4.80% during the forecast period from 2021 to 2028 to reach around USD 566.52 million in 2028. While, cumulative growth opportunity presented by the global Red Phosphorus is around USD 3.46 billion during 2022 to 2028.
Global Red Phosphorus Market, 2021 – 2028 (USD Million)
Browse the full report at Red Phosphorus Market Size, Trends, Share and Growth Report Forecast to 2028 | Credence Research
Red phosphorus is an allotrope of phosphorous that appears reddish, soft, and highly reactive. It does not occur naturally but is created in controlled environments with organic phosphorous and oxygen supplies. It is a form of the chemical element phosphorous – Phosphorous is a fundamental part and is essential for life on earth but is a highly toxic halogen gas. Red Phosphorus is available in two grades namely High Purity and Low Purity.
High Purity Red Phosphorus to Grow at Rapid Pace
High Purity and Low Purity are some of the important types of Red Phosphorus used across different industries. However, High Purity Red Phosphorus are growing in demand and held significant share in total revenue generation with over 55% in 2021. While, Low Purity market segment is poised to play important role growth of Red Phosphorus in the years to come.
Electronics Industry to Govern Future Growth of Red Phosphorus Industry
Textile, Plastic, Electricity & Electronics, Chemical, Agricultural, Metallurgical and Others are major application markets for the global Red Phosphorus industry. Electronics industry held the largest share of global Red Phosphorus industry in 2021 with over 25% contribution to revenue generated by Red Phosphorus market. Secondly, agriculture industry is also expected to grow at a significant CAGR which in turn likely to drive demand for Red Phosphorus based fertilizers. Moreover, plastics and textiles are also witnessing increasing consumption of Red Phosphorus owing its flame retardant capabilities.
Europe is Leading Red Phosphorus Demand
Europe is leading the Red Phosphorus industry with over 30% share in 2021. Increasing demand for flame retardant materials owing stringent safety regulation in Europe and North America, demand for Red Phosphorus is on the rise. Moreover, demand for Red Phosphorus is growing in Asia Pacific owing to increasing consumption of Red Phosphorus Fertilizers.
Major players operating in the Red Phosphorus industry include but not limited to Akzo Nobel, Albemarle Corporation, BASF SE, Chemtura Corporation Limited, Clariant International Ltd., Huber Engineered Materials, Israel Chemicals Limited (ICL), Italmatch Chemicals, Lanxess AG and Nabaltech AG. Global Red Phosphorus market is characterized by the presence of large number of manufacturers across the world. Increasing production capacity in order to achieve economies of scale and growing in market share is primary focus of the industry participants.
Global Red Phosphorus Market by Type, 2016 – 2028
- High Purity
- Low Purity
Global Red Phosphorus Market by Distribution Channel, 2016 – 2028
- Electricity & Electronics
Global Red Phosphorus Market by Company, 2016 – 2028
- Akzo Nobel
- Albemarle Corporation
- BASF SE
- Chemtura Corporation Limited
- Clariant International Ltd.
- Huber Engineered Materials
- Israel Chemicals Limited (ICL)
- Italmatch Chemicals
- Lanxess AG
- Nabaltech AG