According to a new report published by KD Market Insights, titled, “Phosphorus Pentachloride Market Insights, Trends, Opportunity & Forecast, 2021–2026,” the global phosphorus pentachloride market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2026. Factors such as the swiftly expanding global chemical industry, the increasing usage of phosphorus pentachloride as a dehydrating agent and to produce stabilizers & plasticizers for elastomers & plastics for improving the grain structure in metal casting and the surging number of applications of phosphorus pentachloride in various end-use industries around the world are the primary factors boosting the growth of the global phosphorus pentachloride market.

Additionally, the benefits of lower technology barrier & labor-intensiveness in phosphorus pentachloride production and the increasing number of companies producing phosphorus pentachlorides, especially in China are projected to create ample growth opportunities for the global phosphorus pentachloride market over the forecast period.

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The North American region held the largest market share in the global phosphorus pentachloride market in 2020, with U.S. being the major contributor to the region. The region is further projected to continue with its dominance in the market throughout 2021-2026.The bolstering investments in R&D in the U.S. chemical industry is further anticipated to propel the growth of the phosphorus pentachloride market in the region during the forecast period. The Asia Pacific phosphorus pentachloride market is expected to expand at the highest growth rate during the forecast period owing to the surging demand especially from emerging economies such as India and China in the region.

The global phosphorus pentachloride market is segmented into product type, application and region. Based on product type, the market is bifurcated into qualified: content>=98%, first grade: content>=99% and high class products: content>=99.5%. Based on application, it is classified into pharmaceutical industry, dye industry, chemical industry and others.

The global phosphorus pentachloride market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Phosphorus Pentachloride Market

  • On the basis of region, the North American region held the largest market share in the global phosphorus pentachloride market in 2020, with U.S. being the major contributor to the region.
  • On the basis of region, North America is further projected to continue with its dominance in the market throughout 2021-2026.
  • On the basis of region, the Asia Pacific phosphorus pentachloride market is expected to expand at the highest growth rate during the forecast period.

Some of the major phosphorus pentachloride  companies profiled in the report include Xuzhou Weiruipu Chemical Co. Ltd., Xuzhou Hongda Chemical, Xuzhou Jianping Chemical Co. Ltd., Suzhou Hantai Chemical Co. Ltd., Xuzhou Yongli Fine Chemical Co. Ltd., Jiangxi Jixiang Pharmchemical Co. Ltd., Shijiazhuang Zhonghao Chemical Co. Ltd., Huaian Huayuan Chemical Co. Ltd.,  United Phosphorus Limited and Tongshan Hongda Fine Chemical.

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By saddam

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