In the Asia Pacific region, phosphorous acid prices declined due to government measures to reduce sulfur emissions affecting production, along with sluggish market recovery from COVID restrictions and labor strikes, leading to decreased buyer demand in Q1 and Q2, 2023. In Europe, production cuts were implemented to counter rising inventories caused by substantial imports from Asia, resulting in intensified market competition and price decline in the same quarters. North America saw increased competition from Asian players amid weak market conditions. Low demand from end-user industries, coupled with economic challenges, contributed to a downward price trend for phosphorous acid in the region.
Request for Real-Time Phosphorous Acid Prices: https://www.procurementresource.com/resource-center/phosphorous-acid-price-trends/pricerequest
Definition
Phosphorous acid (H3PO3) is an inorganic compound with a chemical formula. It is a colorless, crystalline solid that is soluble in water. It is a weak acid and can act as a reducing agent in chemical reactions. Phosphorous acid is often used as a precursor for various phosphorus-containing compounds. Its properties make it useful in multiple applications, including as a fungicide in agriculture, a flame retardant in textiles, a reducing agent in chemical synthesis, and a corrosion inhibitor in metal treatments.
Key Details About the Phosphorous Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Phosphorous Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Phosphorous Acid Price chart, including India Phosphorous Acid price, USA Phosphorous Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Phosphorous Acid Price Trend:
Phosphorous acid finds several industrial applications due to its unique properties. In the agrochemical industry, it serves as a fungicide and plant nutrient, aiding in disease control and promoting plant growth. In the production of flame-retardant materials, it contributes to enhancing fire resistance in textiles and plastics. The chemical industry employs it as a reducing agent in various reactions and as a precursor for other phosphorus-containing compounds. Additionally, phosphorous acid is utilized in the manufacture of water treatment chemicals, metal surface treatments, and electronic components. Its versatility, particularly as a phosphorus source and reagent, makes it valuable across industries.
Key Players:
- LANXESS
- Nutrien Ltd
- Prayon
- Yara
- Solvay
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
