The global phosphorus and derivatives market size is expected to grow from USD 65.13 billion in 2021 to reach USD 85.01 billion in 2028, exhibiting a CAGR of 3.9% between 2021 and 2028. The growing knowledge about the benefits of lithium iron phosphate (LFP) batteries in EVs will spur demand for LFP batteries, therefore aiding the market growth

The COVID-19 epidemic has caused the fertilizer business to languish. Crop producers were impacted by logistical issues, production halts or reductions, and workforce shortages, which restricted their access to fertilizers. As a result, fertilizer prices fell by 8.5 percent in May 2020 due to decreased ingredient costs and sluggish seasonal demand. Besides, policymakers in a number of other countries have issued precautionary notices to safeguard the circulation and transit of agricultural commodities in the presence of the pandemic. 

What Does the Report Include?

The market research contains a complete analysis of the key market drivers and constraints, opportunities, and challenges that the industry will encounter during the forecast period. The study offers an in-depth analysis of the industry's geographical changes and how they impact market growth.

Driving Factor:

Heavy Investment in Agricultural Sector to Propel Market

The phosphorus and derivatives market is expected to flourish due to rising fertilizer demand and increased investment by various agricultural sectors. Agriculture will benefit from a growing population and increased food demand. Phosphorus is an important mineral in the bodies of animals and in their diets, where ammonium phosphate is employed as a feed ingredient. Because of its acidic properties, mono-ammonium phosphate (MAP) fertilizers are becoming more popular in animal feed, resulting in increased animal growth and metabolism. Phosphorus and derivatives are essential elements that help fertilizers, food, and detergents maintain their strength and purity. In agricultural cultivation, P derivatives are commonly employed as fertilizers and used to produce water cleaning agents, food items, and detergents. Additionally, the rising agricultural activities will back the development of the phosphorus and derivatives market share.

The Report Lists the Key Players in the Market:

• OCP (Casablanca, Morocco)
• Mosaic (Florida, U.S.)
• Yara International ASA (Oslo, Norway)
• EuroChem Group (Zug, Switzerland)
• Solvay (Brussels, Belgium)
• Prayon S.A. (Engis, Belgium)
• Ma’aden (Riyadh, Saudi Arabia)
• Innophos Holdings (New Jersey, U.S.)
• LANXESS (Cologne, Germany)
• Italmatch Chemicals S.p.A. (Genoa, Italy)
• ICL (Tel Aviv-Yafo, Israel)
• Kazphosphate LLC (Almaty, Kazakhstan)
• Haifa Group (Haifa, Israel)
• Omnisal GmbH (Lutherstadt Wittenberg, Germany)
• Other Key Players 

Competitive Landscape:

Various researchers and prominent companies are doing R&D on converting red phosphorus into black phosphorus. For instance, in November 2020, the Advanced Materials Laboratory and the Advanced Nanomaterials and Manufacturing Laboratory researchers collaborated with Iris Light Technologies to research mechano-chemically synthesized black phosphorus. This agreement will turn commercial red phosphorous into optoelectronic quality black phosphorus at a low cost using high-energy ball milling. As a result, adopting a ball milling conversion process will lower the cost of producing black phosphorus.

Key Development:

November 2020: AgroLiquid introduced a liquid phosphorus product, springuP, to its crop nutrition portfolio. This product is a voluntarily available product that encourages growers to get their crops off to a convincing start.

Information Source- https://www.fortunebusinessinsights.com/phosphorus-and-derivatives-market-106168