Global Yellow Phosphorus Market Size Expected to Grow to $8156.35 Million by 2029

Global Yellow Phosphorus Market Overview

According to Global Market Monitor, the global yellow phosphorus market size will reach $5178.16 million in 2024 and is expected to grow to $8156.35 million by 2029.

Market Trends

Yellow phosphorus is mainly used as a raw material for the production of red phosphorus, phosphoric acid, and phosphorus compounds, and is also used in pesticides and rodenticides. While the production technology and equipment of phosphate compound fertilizer have reached a high level, the improvement of phosphoric acid process technology, the development and application of wet-process phosphoric acid purification technology, the improvement and application of low-grade phosphate ore beneficiation technology, and the integration of associated resources in phosphate fertilizer production. The use of innovative technologies has been developed. To a certain extent, it will promote the development of the market.

The yellow phosphorus industry has high energy consumption, many emissions, and high environmental pressure. Various regions have issued a series of policy measures such as industry access, energy conservation, and consumption reduction. At the same time, they encourage the comprehensive utilization of yellow phosphorus emissions and strictly regulate the development of the yellow phosphorus industry. The yellow phosphorus industry is facing greater adjustment pressure.

China's Yellow Phosphate Market Status

China's phosphate and compound fertilizer production has entered a period of overcapacity since 2007. Although consumption has increased year by year, the domestic market satisfaction rate has exceeded 100% for 8 consecutive years. It needs to export 10%-30% of phosphate fertilizer every year to balance the domestic market. With overcapacity and fierce market competition, the overall profit margin of the industry has declined. China's yellow phosphorus production capacity is distributed in the provinces with relatively concentrated phosphate resources and hydropower resources, mainly in Hubei, Sichuan, Guizhou, and Yunnan provinces. In 2022, the total production capacity of yellow phosphorus will reach 1.448,500 tons, an increase of 2.73%.

China Yellow Phosphorus Market News

In April 2023, the Ministry of Industry and Information Technology and other six departments jointly issued the "Guiding Opinions on the 14th Five-Year Plan to Promote the High-quality Development of the Petrochemical and Chemical Industry", pointing out that the new capacity of oil refining, ammonium phosphate, calcium carbide, yellow phosphorus, and other industries should be strictly controlled. The new round of plans announced by the eight departments once again systematically and comprehensively made clear requirements for the efficient and high-value utilization of phosphorus resources and provided specific implementation measures.

On 29 April 2023, Yibin Tianyuan Group Co., Ltd. issued an announcement referring to establishing its wholly-owned subsidiary and building a 100,000 t/a lithium ferrous phosphate (LFP) cathode materials project. The Company's 100,000 t/a LFP project in Nanxi District, Yibin City is a key step taken to reach 300,000 t/a LFP capacity, responding to strategic requirements during the 14th Five-Year Plan Period.

Company Name	Jiangsu Chengxing Phosph-Chemicals Co., Ltd
Website	www.phosphatechina.com
Established Time	1994
Plants Distribution	China
Sales Region	Worldwide
Competitors	Hubei Xingfa Chemicals Group Co., Ltd, Yunnan Yuntianhua Co., Ltd, Sichuan Province Chuantou Chemical Industry Group Co., Ltd