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White Phosphorous Market Size 2019 – Latest Innovations, Industry Challenges, Drivers and Forecast to 2024

Author : Ronak Bora | Published Date : 2019-05-24 

Global Market Insights, Inc. added research on white phosphorous market size is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

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.

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The major challenge to white phosphorous market share in the coming years is the environmental threat it poses as a Hazardous Air Pollutant (as declared by EPA) during its manufacturing, storage and transportation. It reacts rapidly in air to produce toxic chemicals, which on inhalation can cause respiratory problems. In water bodies, it is found in bottom sediments of lakes and river. It reacts with oxygen in water slower than air, its toxicity affects aquatic life to a substantial extent. It also causes some severe health problems such as skin burn, heart, kidneys and lungs damage, etc., when exposed for a longer time, even for small traces/amount. The relevant damage caused to environment by the product through air, soil and water contamination may obstruct its demand in future.

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.

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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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