Phosphorus Trichloride Market Size

Phosphorus Trichloride Market size was over USD 1.63 billion in 2024 and is anticipated to reach USD 2.65 billion by the end of 2037, growing at around 3.8% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of phosphorus trichloride is estimated at USD 1.69 billion.

A major driver of the phosphorus trichloride market is the compound’s position as a key intermediate in the production of herbicides and organophosphorus pesticides. For instance, in October 2024, the U.S. Department of Agriculture reported that the quality of modern pesticides, including herbicides, has improved and estimated an increase in pesticide use over time owing to a relative fall in its prices. With a surge in the global population leading to rising requirements for food production, advancements in phosphorus-based pesticides are poised to assist the growth of the sector.

In addition to its expanding role in agrochemicals, phosphorus trichloride is positioned as a critical component in the production of flame retardants. For instance, in October 2022, research published in Progress in Organic Coatings analyzed the recent developments in the preparation of phosphorus-based flame-retardant compounds and estimated that the majority of the phosphorus-based treatments were developed for cotton in protective textiles. Additionally, the increasing need for safer and more sustainable materials has solidified the compound’s position in end use sectors such as agrochemicals, construction, automotive, electronics, etc.

An indication of the profitability of the phosphorus trichloride sector is the expanding revenue shares of key market players. For instance, in October 2024, Merck announced the FY24 third-quarter results highlighting worldwide sales worth USD 16.7 billion and a 4% growth for the third quarter of FY23. The growth underscores the sustained market expansion within the phosphorus trichloride industry and strengthens the global supply chain, with Merck being one of the major suppliers of the compound.

Frequently Asked Questions (FAQ)

The phosphorus trichloride market was valued at USD 1.63 billion in 2024 and is poised to expand at a CAGR of 3.8% during the forecast period, i.e., 2025-2037.

The phosphorus trichloride sector is projected to expand at a CAGR of 3.8% during the forecast period, i.e., 2025-2037. In 2024, the market’s valuation was registered at USD 1.63 billion, and in 2037, the market is projected to reach USD 2.65 billion.

The major players in the market are Lanxess, BASF Corporation, Solvay, Merck, ICL, Oakwood Products, Inc., Monsanto Company, Guangzhou Zoron Chemical Technology Co, Italmatch Chemicals Group, Akzo Nobel N.V, and others.

The agrochemicals segment of the phosphorus trichloride market is poised to register the largest revenue share of 46.03% during the forecast period. The rising end use of phosphorus trichloride in the agrochemicals sector is a key driver of the segment’s market dominance.

North America is estimated to hold a dominant share in the global phosphorus trichloride market during the forecast period. The expansion of key chemical companies in the supply chain of North America benefits the regional market while rising demands from the agrochemical and lubricants sector are poised to benefit sustained growth.

Phosphorus Trichloride Market Size