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White Phosphorous Market to register extensive growth via arms and ammunition industry

Author : Ronak Bora | Published Date : 2019-04-05 

Global Market Insights, Inc. has recently added a report on White Phosphorous Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

The White Phosphorous Market has main application in arms and ammunitions industry. Other areas where the product has prominent usage is synthesis of other phosphorous compounds, manufacturing of organic pesticides, metallurgy and pharmaceuticals. In ammunition industry, it is widely used in smoke bombs and flares that are used to produce smoke for concealing troop movements, displaying infrared signatures and identifying targets. Due to its instant ignition properties, it is used to destroy enemy equipment such as vehicles and storage tanks for oil, lubricants and petroleum in war situations.

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The product is used as an intermediate to produce phosphoric acid, red phosphorous, carbon pentoxide and phosphorous trichloride. It is also employed as a raw material in manufacturing of organic phosphorous pesticides. In pesticides and fertilizers, white phosphorous is extensively used as an insecticide in pest control as a substitute for chlorinated hydrocarbons.

Global White Phosphorous Market size is likely to expand at a prominent CAGR in the forecast period. White phosphorous, a highly reactive allotrope of phosphorous, is a wax-like substance which ignites instantly on exposure to air.

The prime factor responsible for driving the global white phosphorous market size in future will be the booming arms and ammunition sector across the globe. Countries including the U.S., China Russia, etc. are investing resources and money on arms, ammunition supply to strengthen their military. The product is an essentially used in hand grenades, smoke bombs, incendiary devices and many other artillery weapons. Its highly reactive nature on exposure to air at lower temperatures makes it desirable in weapon manufacturing. Additionally, due to its toxicity, it is in great demand from the fertilizers and pesticides industry, which is exponentially growing in Asia Pacific and Latin America.

Asia Pacific led the global white phosphorous market share in 2016 in terms of consumption and production. This can be attributed to the booming pharmaceuticals, metallurgy and pesticides & fertilizers industry in this region. As the consumption and demand of pesticides is comparatively higher in Asia Pacific, due to huge agricultural lands and pressure of increasing population, the product demand is likely to boost in the coming years from the pesticides industry. Robust growth of pharmaceutical sector in this region shall positively influence white phosphorous market share over the forecast timespan.

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The white phosphorous market shall witness significant growth rate in Middle East & Africa. Saudi Arabia is a prime importer of the product and shall show promising growth prospects for white phosphorous market for the forecast period. North America and Europe are also anticipated to show considerable growth rate over the forecast period owing to the rising product demand in weapons and ammunitions segment of military sector.

The prominent market share contributors functional in white phosphorous market are UPL Europe Limited, Yunphos (Taixing) Chemical Company Limited, Changzhou Qishuyan Fine Chemical Company Limited, 5-Continent Phosphorus Company Limited, Taj Pharmaceuticals Limited and Prasol Chemicals Limited. Other companies include Excel Industries Limited, Viet Hong Chemical and Trading Company Limited, Shymkent, Yunnan Phosphorus Group Company Limited, Sichuan Chuantou Chemical Industry Group Company Limited and Taraz.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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