Phosphorus Pentachloride Market Analysis, Market Dynamics and Market Outlook
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The chemical compound phosphorus pentachloride (PCl5) is employed as a chlorinating reagent. It's a colourless, water-sensitive, moisture-sensitive, pale yellow solid with a melting point of 148°C. Phosphorus oxychloride, phosphonic acid, and hydrochloric acid are formed when it is hydrolyzed with water. Phosphorus pentachloride is used as a starting material to make a variety of organic and inorganic phosphorus compounds that are used as phosphite antioxidants, pesticides, flame retardants, paint additives, lube oil, plasticizers and stabilisers for plastic and elastomers, and water treatment chemicals.
Skin
contact, inhalation, ingestion, and ocular contact with phosphorus
pentachloride are all dangerous. The amount of tissue damage is determined by
the length of contact. Skin contact, for example, can cause blistering and
irritation, whilst eye contact might result in blindness or corneal damage. Choking,
unconsciousness, lung injury, or death can all occur as a result of severe
overexposure. Phosphorus pentachloride exposure limits have been established by
a number of government agencies.
Market Dynamics
Phosphorus
pentachloride is primarily employed as a chlorinating agent in the dye and
pharmaceutical industries. According to the India International Trade Centre,
Chinese companies account for more than 40% of global dye and dye intermediate
output.
One of the
key drivers of phosphorus pentachloride growth worldwide is the constantly
increasing chemical sector. Phosphorus pentachloride is used as a dehydrating
agent and to make stabilisers and plasticizers for elastomers and plastics, as
well as to improve grain structure in metal casting.
Phosphorus Pentachloride Market
Outlook
The Asia
Pacific phosphorus
pentachloride market is quickly expanding due to rising demand,
particularly from emerging markets such as China and India. According to the
India Brand Equity Foundation (IBEF), India's chemical sector is the third
largest in Asia Pacific and the sixth largest in the world in terms of output.
Furthermore, India's chemical industry market was worth US$ 144 billion in
2015, and is predicted to grow to US$ 403 billion by 2025. This is expected to
boost the market for phosphorus pentachloride in this region and around the
world. Furthermore, India produces roughly 16 percent of the world's dyestuffs
and dye intermediates, increasing the use of phosphorus pentachloride
throughout Asia Pacific.
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