The phosphorus and its derivatives market is expected to grow at a CAGR of 2.4%, over the next five years to reach 107.5 million metric tons by 2018. Asia, with its thriving economies and rapidly expanding population, is expected to experience the highest consumption from 2013 to 2018.The major driving factors of this market are the growing needs of crops to meet the food requirements of the increasing population, rising demand for water treatment, and a shift from halogenated to non- halogenated flame retardants such as organophoshorus flame retardants.Upcoming opportunities such as the use of phosphorus in rechargeable batteries show a promising growth for phosphorus. The new lithi...
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