Global Elemental Phosphorus Market Size is Expected to Grow to $3432.23 Million by 2028

Global Elemental Phosphorus Market Overview

According to Global Market Monitor, the global elementalphosphorus market size will reach $2831.78 million in 2023 and is expected to reach $3432.23 million by 2028.

Phosphorus is an important non-metallic mineral resource, which is difficult to regenerate. It is also a significant part of living matter and plays a core role in the regulation of human energy metabolism. Phosphorus resources can be used as raw materials to produce a large number of phosphorus chemical products.

Environmental protection is a serious problem in the phosphorus chemical industry. Direct emissions of exhaust gas,phosphorus slag, and phosphorus sludge can cause environmental pollution. With the continuous tightening of policies, enterprises may need to spend more money on filter residue and wastewater treatment, which may increase the burden on enterprises, especially SMEs. In addition, environmental policies have a great impact on downstream industries. In the fertilizer and pesticide industries, many small and medium-sized enterprises face the threat of production suspension due to non-compliance with environmental protection regulations, which will also have a certain adverse impact on the elemental phosphorus market.

Regional Elemental Phosphorus Market Status

Global phosphate rock resources are abundant and highly guaranteed, but the distribution and output of resources are extremely uneven. The United States Geological Survey statistics show that the world's phosphate ore is mainly concentrated in Morocco and Western Sahara, China, Egypt, and other countries, accounting for about 85% of the total phosphate resources. At present, global phosphate rock resource supply centers are gradually shifting from North America, East Asia, and other regions to North Africa and the Middle East. With the tightening of environmental protection policies, the mining rate in many areas is decreasing. The price of phosphate rock will also fluctuate with the change in supply relationship. Fluctuations in raw material prices may have some adverse effects on the elemental phosphorus market.

In recent years, the important strategic resource position of phosphate rock has been found, so the production of it has been reduced from the supply side in China. According to the National Bureau of Statistics data, China phosphate rock production was 88.933 million tons in 2020, reduced by nearly 5 million tons compared with 2019. In 2021, phosphate ore production rebounded to 102.899 million tons.

By type	White phosphorus	The white phosphor segment contributed the largest market share in 2022.
	Red phosphorus
By application	Detergents	The fertilizers segment occupied the biggest share in 2022.
	Water treatment
	Flame retardants
	Batteries
	Chemical intermediates
	Fertilizers
By region	North America	China dominated the elemental phosphorus market in 2022, with a market share of 76.36%.
	Europe
	China
	Japan
	Middle East & Africa