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Red Phosphorus Market by Type (High Purity, Low Purity) by Distribution Channel (Textile, Plastic, Electricity & Electronics, Chemical, Agricultural, Metallurgical, Others)- Growth, Future Prospects And Competitive Analysis, 2016 - 2028

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 it is a highly toxic halogen gas. Red Phosphorus is available in two grades: High Purity and Low Purity.

The Global Red Phosphorus market is expected to witness a CAGR of 4.80% during the forecast period. The revenue generated by the global Red Phosphorus market in 2021 was over USD 403.41 million and is expected to generate revenue worth USD 566.52 million in 2028. Therefore, the incremental growth opportunity offered by the global Red Phosphorus is estimated to be USD 3.46 billion between 2022 and 2028.

red-phosphorus-market

Interesting Facts about Red Phosphorus Industry

  • Red Phosphorus is widely used in flame retardant applications.
  • Red Phosphorus is in massive demand from fertilizers manufacturers.
  • Europe dominates the consumption of Red Phosphorus.
  • Red Phosphorus is derived from phosphate rock; in 2021, over 10 million tons of phosphate rock were produced.
  • The plastic and Textile industry also consumes a large volume of Red Phosphorus.

Wide-Ranging Applications

Some major application areas of Red Phosphorus include Textile, Plastic, Electricity & Electronics, chemicals, Agricultural, Metallurgical, and Others. Red Phosphorus is used in many different industries globally. However, the most significant sector using Red Phosphorus to improve the soil is the fertilizer and crop industry. Variants of Red Phosphorus include phosphoric acid, phosphorous pentaoxide, and phosphorous chloride, all of which have various uses in different industries. 

Advancement in Technology

New and improved technological innovations have created new avenues for the Red Phosphorus manufacturing industries. However, the most significant driving factor of this market is the fertilizer market. Red Phosphorus is a crucial ingredient in manufacturing fertilizers and pesticides, which is expected to fuel this market further. 

Red Phosphorus, specifically the 6N and 7N types, is also essential in the electronics and semiconductor industries. And the ever-increasing growth of the electronic industry, which in turn grows the semiconductor industry, will push this industry further over the forecasted period.  

Electronics Industry to Boost the Demand for Red Phosphorus

Another industry that will be a key to the growth of the Red Phosphorus market is the lighting and LED industry. High purity Red Phosphorus is used in lighting applications like the Phosphor-converted white-light-emitting diodes, which have become the next generation in lighting applications. The demand for LED lights keeps rising due to their energy efficiency, longer lifespans than traditional lighting applications, and cost-effectiveness, all of which will assist in driving this market forward. Even further improvements and innovations in the lighting industry are expected to stimulate the market's growth. 

Furthermore, red Phosphorus is widely used in safety matches, pyrotechnics, smoke bombs, fireworks, and flame retardants. Therefore, all of these industries also affect the growth of the red phosphorus market. 

Significant Environmental Concerns

The most significant restraining factor in this market is the prohibitions and regulations placed on the consumption and production of phosphorous. Governments, especially in developed countries, have been banning the import of red Phosphorus and other chemicals, which will hamper the growth of this market crucially. Due to this, market players will have to go for regions with more lenient or flexible policies.  

Environmental concern is another factor that will slow down this market considerably. In addition, new research showing biodegradability issues regarding inorganic phosphates is also causing governments to ban its use in specific industries, impacting the Phosphorus and its derivatives industries. 

Battery Market to Offer Future Growth Avenue 

The use of red phosphorous in rechargeable batteries is a trend that is likely to take off during the forecasted period. With the rising production and demand for electric vehicles worldwide, there will be a rise in demand for lithium iron phosphate batteries, which have proven to be more stable and cost-effective than other batteries. In addition, the rising electric vehicle industry creates opportunities for new market players to enter and capture new contracts.

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 are some of the leading players in the global Red Phosphorus market.

Frequently asked questions about global Red Phosphorus industry

Likewise other industries, COVID 19 also taken a toll on Red Phosphorus market with around 10.22% decline in its revenue in 2020 as compare to 2019

Europe is the largest regional market with highest share in the total volume of Red Phosphorus consumed in 2021

Growing demand in fire retardant application and ever-growing demand for phosphorus-based fertilizers

High purity segment dominated the Red Phosphorus market in 2021 with over 55% share

Agriculture segment was the largest application of Red Phosphorus in 2021 with over 25% share

Red Phosphorus Report Scope

Report Attribute Details
Market Value in 2021 USD 403.41 million
Market Value in 2028 USD 566.52 million
CAGR 4.80% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Segments covered

Type

High Purity

Low Purity

Application

Textile

Plastic

Electricity & Electronics

Chemical

Agricultural

Metallurgical

Others

Major Players Analysed 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.
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Feb 2022
Category:  Chemicals
Report ID:   60507
Report Format:   PDF
Pages:   128
Rating:    4.2 (55)
Delivery Time: 24 Hours to 48 Hours   
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