DUBLIN--(BUSINESS WIRE)--The "Global Red Phosphor Market - A Global and Regional Analysis: Focus on Product Types and Their Applications, and Countries - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global red phosphor market accounted for $476.16 billion in 2019 and is expected to reach $612.52 billion by 2025. The market is anticipated to grow at a CAGR of 4.56% during the forecast period 2020 -2025.
The global red phosphor market's growth is mainly attributed to the increased demand for matchsticks, flame retardants, semiconductors, and fertilizers in multiple application areas such as automotive, agriculture, and pyrotechnics. Additionally, the implementation of government laws and regulations across the globe limits the production and import of red phosphor.
This discourages the demand for red phosphor on a global scale. The increasing emphasis on advanced and innovative technologies and products in the red phosphor industry creates several opportunities for the manufacturers to expand their revenue stream and product portfolios by using the 6N and 7N type red phosphorous in the semiconductor and electronics sector for developing and manufacturing innovative products.
The market growth is mainly attributed to the rising number of applications for red phosphor, increasing adoption and awareness rates, and heavy investments made in the research and development of red phosphor-based end-use products and solutions in the industry and its development. In addition, governments are coming up with policies and laws to encourage the import of red phosphorous in a transparent manner, which is expected to drive market growth during the forecast period.
COVID-19 has hit the red phosphor industry hard in terms of import of raw -material, transportation, and maintenance of a smooth supply/demand. The unavailability of sufficient raw material has created an imbalance in supply for medium-scale manufacturers as well as small-scale and medium-scale end users.
Earlier, the applications of red phosphor were limited to matchsticks and fertilizers, but the innovation and development of red phosphor-based electronics such as semiconductors and transistors boost the capabilities of red phosphor in the mentioned industries. The red phosphor manufactured currently has significantly higher shock resistance as compared to its alternatives such as white, black, or yellow phosphorus.
Continuous product expansions (launches and enhancements) are some of the business strategies executed in the red phosphor market. Several companies, including BASF SE, Clariant AG, Nippon Chemical Industrial Co., Ltd, and Wylton (China) Chemicals Co., Ltd. have been involved in product launches and enhancements.
Key Questions Answered in this Report:
- What was the revenue generated by the global red phosphor market in 2019, and what is the revenue expected to be generated by the market by 2025?
- What are the major market drivers, challenges, and opportunities in the global red phosphor market?
How is the global red phosphor market expected to grow during the forecast period based on the segments? The segments are:
- Others (Pyrotechnics and Explosives)
- What are the key development strategies implemented by the major players in order to sustain in the competitive market?
- What are the key regulatory implications in developed and developing regions for red phosphor?
- Which are the leading players with significant offerings to the global red phosphor market? What is the current market dominance for each of these leading players?
Key Topics Covered:
1.1 Industry Outlook
1.1.1 Trends: Current and Future
188.8.131.52 Rising Country Trades of Red Phosphor
184.108.40.206 Increasing Demand for Red Phosphor as Fertilizers
1.1.2 Supply Chain Network
1.1.3 Industry Attractiveness
1.2 Business Dynamics
1.2.1 Business Drivers
220.127.116.11 High Recovery and Recycle Rate
18.104.22.168 Rising Demand for Semiconductors
22.214.171.124 Advancements in Agriculture Through Red Phosphor
1.2.2 Business Challenges
126.96.36.199 Stringent Government Laws Regarding In-House Production
188.8.131.52 Less Reactivity Than White Phosphorus
1.2.3 Business Strategies
184.108.40.206 Product Developments
220.127.116.11 Market Development
1.2.4 Business Opportunities
18.104.22.168 Increasing Rates of Mining
22.214.171.124 Targeting Chinese and Southeast Asian Markets
2.1 Global Red Phosphor Market - Applications and Specifications
2.2 Global Red Phosphor Market - Demand Analysis (by Application)
2.2.1 Demand Analysis (by Application Type), Value and Volume Data, 2019-2025
3.1 Global Red Phosphor Market - Products and Specifications
3.1.1 General Purity
3.1.2 High Purity
3.2 Global Red Phosphor Market - Demand Analysis (by Product)
3.2.1 Demand Analysis (by Product), Value and Volume Data, 2019-2025
4.1 North America
126.96.36.199 Key Manufacturers and Suppliers in North America
188.8.131.52 Competitive Benchmarking
184.108.40.206 Business Challenges
220.127.116.11 Business Drivers
4.1.4 North America: Country-Level Analysis
4.2 South America
4.5 Middle East and Africa (MEA)
4.7 Asia-Pacific and Japan (APJ)
5 Markets - Competitive Benchmarking & Company Profiles
- BASF SE
- Celestin Petroleum Co. Ltd
- Changzhou Junlin Chemical Co., Ltd.
- Clariant AG
- Guangzhou Chemicals Co., Ltd
- Jinding Group Co., LTD
- Nippon Chemical Industrial Co., Ltd.
- Prasol Chemicals Private Limited
- Rasa Industries Ltd.
- RIN KAGAKU KOGYO Co., Ltd.
- Smart-elements GmbH
- Spectrum Chemical Mfg. Corp.
- Taj Pharmaceuticals Limited
- UPL Ltd.
- Wylton (China) Chemical Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/d9ogt2