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Aluminum Phosphide Market Analysis, By Type (Pellets, Powder and Tablets), Application (Herbicides, Pesticides, Rodenticides, Semiconductor, Others), Formulation (Solid and Liquid), Distribution Channel (Direct Sales, Distributors, Online Retailers and Others) and by Region: Global Forecast, 2024 - 2033

  • PUBLISHED ON
  • 2024-02-09
  • NO OF PAGES
  • 291
  • CATEGORY
  • Chemicals & Materials

Market Overview

Aluminum Phosphide Market is projected to achieve a value of USD 196.35 Million in 2024, with a linear behavior in the market growth it is forecasted to achieve a value of USD 252.48 Million by 2033 with a CAGR of 3.1% during the forecast period 2024-2033.

                                 

SOURCE: We Market Research

Aluminum phosphide is a highly toxic inorganic compound used as a fumigant to control pests in various settings, primarily in agricultural and structural applications. It is commonly used to eliminate insects, rodents, and other pests that infest stored grains, food commodities, soil, and structures.

Aluminum phosphide is typically formulated into pellets, tablets, or powder, which release phosphine gas upon exposure to moisture in the air. Phosphine gas is the active ingredient responsible for the toxic effects on pests. When aluminum phosphide comes into contact with moisture, phosphine gas is liberated, penetrating the treated area and killing pests through inhalation or ingestion.

Due to its toxicity, aluminum phosphide is regulated and must be handled with extreme caution. Safety precautions, including proper protective gear and adherence to application guidelines, are essential to prevent harm to humans, animals, and the environment. Additionally, aluminum phosphide is subject to regulatory approval and registration in many countries.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 196.35 Million

Market Forecast in 2033

USD 252.48 Million

CAGR % 2024-2033

3.1%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type, Application, Formulation, Distribution Channel and Geography

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Market Dynamics

Market Drivers

Rising Concerns Over Food Safety and Security

With the rising awareness of food safety and security, there's an increasing emphasis on the need for pest control measures to maintain the quality and quantity of stored grains and food commodities. Aluminum phosphide offers an effective solution for controlling pests in storage facilities, thereby bolstering its market demand.

Aluminum phosphide releases phosphine gas, which acts as a potent fumigant against stored product pests like insects, mites, and rodents. These pests can contaminate food, leading to spoilage, health risks, and economic losses.

Aluminum phosphide helps protect food grains, dried fruits, nuts, and other stored products during storage and transportation, ensuring their safety and quality. This is crucial for maintaining food security, especially in regions with limited cold storage facilities. For instance, according to FAO estimates that around 14% of the world's food is lost due to pests during storage and transportation.

Consumers are increasingly aware of food safety issues and demand high-quality, uncontaminated food. This translates to a growing demand for effective pest control solutions like aluminum phosphide.

Regulatory bodies worldwide are implementing stricter food safety regulations, mandating pest control measures in food storage and transportation. This creates a legal requirement for using approved fumigants like aluminum phosphide.

With a growing population and concerns about food scarcity, ensuring food security becomes paramount. Aluminum phosphide plays a vital role in protecting stored food from pests, minimizing losses and contributing to food security. By 2050, the global population is estimated to reach 9.7 billion, putting immense pressure on food production systems. This necessitates minimizing losses during storage and transportation, where Aluminum Phosphide plays a crucial role.

 

Expanding Construction and Infrastructure Activities

Termites pose a significant threat to wooden structures in buildings and infrastructure projects. Aluminum phosphide's potent fumigant properties offer an effective solution for pre-construction soil treatment and post-construction termite control.

Construction sites often store large quantities of wood, lumber, and other materials susceptible to pest damage. Aluminum phosphide can be used for fumigation during storage to prevent losses and delays.

Rodents can cause significant damage to infrastructure elements like electrical cables and pipelines. Aluminum phosphide can be used for targeted rodent control in tunnels, substations, and other critical infrastructure areas.

The growing focus on green infrastructure and sustainable construction could create opportunities for eco-friendly pest control solutions like aluminum phosphide.

The increasing adoption of prefabrication in construction may lead to higher demand for fumigation of prefabricated modules before on-site assembly.

Market restrains

Stringent Handling and Storage Regulations

Aluminum phosphide is classified as a highly toxic substance due to its release of phosphine gas upon contact with moisture. This necessitates stringent regulations governing its production, transportation, storage, and application. These regulations increase compliance costs for manufacturers and distributors, impacting market dynamics.

Phosphine gas, the active ingredient in aluminum phosphide, can contribute to air and soil pollution if not handled properly. Regulatory bodies are increasingly implementing stricter environmental regulations to minimize these risks, potentially restricting the use of aluminum phosphide in certain regions or applications.

Residues from aluminum phosphide can persist on treated products, raising concerns about food safety and worker exposure. Regulatory bodies are imposing stricter residue limits and worker safety protocols, further adding complexity and cost to market operations.

For instance, The International Maritime Organization (IMO) has strict guidelines for fumigating ships with aluminum phosphide, increasing logistical complexities and costs for international trade.

Market- By Type Analysis

By Type, the Aluminum Phosphide Market is Categories into Pellets, Powder and Tablets. The Tablets segment accounts for the largest share of around 80% in 2024. This popularity stems from their ease of use, controlled release of phosphine gas, and relative safety compared to other forms

                              

 

Tablet segment is expected to retain its dominant position due to its established applications and ease of use. However, demand for Pellets is increasing. Pellet offer faster release of phosphine gas but require more careful handling due to their higher dust generation. The following segments are part of an in-depth analysis of the global market for Aluminum Phosphide:

Market Segments

 

By Application

·         Herbicides

·         Pesticides

·         Rodenticides

·         Semiconductor

·         Others

By Formulation

·         Solid

·         Liquid

By Distribution Channel

·         Direct Sales

·         Distributors

·         Online Retailers

·         Others

 

Market-Regional Analysis

Asia-Pacific region holds the largest share, exceeding 40% of the global market. The Asia Pacific region is anticipated to be a dominant player in the aluminum phosphide market due to its large agricultural sector and growing population. Countries such as China, India, and Australia have extensive agricultural production and storage facilities, where aluminum phosphide is used for pest management in stored grains and other commodities.

                                     

Europe accounts for roughly 35% of the market share, driven by developed agricultural practices and regulations focused on safety and environmental impact. Countries like France, Germany, and the United Kingdom have well-established agricultural sectors and stringent regulations regarding pest control and food safety, which drive the demand for aluminum phosphide products.

North America is likely to hold a significant market share in the aluminum phosphide market, primarily driven by the extensive agricultural activities in the United States and Canada. These countries have large-scale farming operations and significant storage facilities for agricultural commodities, where aluminum phosphide is commonly used for pest management.

Competitive Analysis

The Aluminum Phosphide Market is dominated by a few large companies, such as

·         UPL Group

·         Shenyang Harvest Agrochemical Co., Ltd.

·         Jining Shengcheng

·         Yongfeng Chemical

·         BASF SE

·         Bayer AG

·         Syngenta AG

·         Agrosynth Chemicals

·         Royal Agro Organic

·         Sandhya Group

·         Jiangsu Shuangling Chemical Group Co., Ltd.

·         Others

There are some of the key trends that are shaping the competitive landscape of the Aluminum Phosphide Market.

·         In March 2022, the National Agency for Food and Drug Administration and Control in Nigeria warned against using aluminum phosphide pesticides. The agency said that the preservative is a common cause of poisoning among agricultural pesticides.

·         In February 2022, Safex Chemicals, the Indian agrochemical industry has acquired Shogun Lifesciences, the western India state Gujarat-based aluminium phosphide manufacturer, through its wholly-owned subsidiary Shogun Organics Ltd.

·         In March 2019, a city-based critical care expert in Pune, India, said that aluminum phosphide poisoning was the cause of one death after two people inhaled pest control fumes.

What is the market size of Aluminum Phosphide Market in 2024?

Aluminum Phosphide Market was valued at USD 196.35 Million in 2024.

What is the growth rate for the Aluminum Phosphide Market?

Aluminum Phosphide Market size will increase at approximate CAGR of 3.1% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Aluminum Phosphide Market are UPL Group, Shenyang Harvest Agrochemical Co., Ltd., Jining Shengcheng, Yongfeng Chemical, BASF SE, Bayer AG, Syngenta AG, Agrosynth Chemicals, Royal Agro Organic, Sandhya Group, and Jiangsu Shuangling Chemical Group Co., Ltd. among others.

Which region dominates the Aluminum Phosphide Market?

Asia Pacific dominates the market with an active share of 40%.

 

1.       Global Aluminum Phosphide Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Aluminum Phosphide Market Scope and Market Estimation

1.2.1.Global Aluminum Phosphide Overall Market Size, Revenue (US$ Mn) and Volume (Tons), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.Global Aluminum Phosphide Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1.Type of Coating of Global Aluminum Phosphide Market

1.3.2.Formulation of Coating of Global Aluminum Phosphide Market

1.3.3.Application of Coating of Global Aluminum Phosphide Market

1.3.4.Distribution Channel of Global Aluminum Phosphide Market

1.3.5.Region of Global Aluminum Phosphide Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Aluminum Phosphide Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Aluminum Phosphide Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Aluminum Phosphide Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Aluminum Phosphide Market

3.8.   Impact of Economic Downturn on Aluminum Phosphide Market

3.9.   Aluminum Phosphide Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets)

4.       Global Aluminum Phosphide Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Aluminum Phosphide Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Type, 2019 to 2033

4.1.1.Powder

4.1.2.Pellets

4.1.3.Tablets

5.       Global Aluminum Phosphide Market Estimates & Forecast Trend Analysis, by Application

5.1.    Global Aluminum Phosphide Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1.Herbicides

5.1.2.Pesticides

5.1.3.Rodenticides

5.1.4.Semiconductor

5.1.5.Others

6.       Global Aluminum Phosphide Market Estimates & Forecast Trend Analysis, by Formulation

6.1.    Global Aluminum Phosphide Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Formulation, 2019 to 2033

6.1.1.Solid

6.1.2.Liquid

7.       Global Aluminum Phosphide Market Estimates & Forecast Trend Analysis, by Distribution Channel

7.1.    Global Aluminum Phosphide Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Distribution Channel, 2019 to 2033

7.1.1.Direct Sales

7.1.2.Distributors

7.1.3.Online Retailers

7.1.4.Others

8.       Global Aluminum Phosphide Market Estimates & Forecast Trend Analysis, by Region

8.1.    Global Aluminum Phosphide Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 to 2033

8.1.1.North America

8.1.2.Europe

8.1.3.Asia Pacific

8.1.4.Middle East & Africa

8.1.5.South America

9.       North America Aluminum Phosphide Market: Estimates & Forecast Trend Analysis

9.1.    North America Aluminum Phosphide Market Assessments & Key Findings

9.1.1.Aluminum Phosphide Market Introduction

9.1.2.Aluminum Phosphide Market Size Estimates and Forecast (US$ Million & Tons) (2019 to 2033)

9.1.2.1.   By Type

9.1.2.2.   By Formulation

9.1.2.3.   By Application

9.1.2.4.   By Distribution Channel

9.1.2.5.   By Country

9.1.2.5.1.     The U.S.

9.1.2.5.2.     Canada

9.1.2.5.3.     Mexico

10.   Europe Aluminum Phosphide Market: Estimates & Forecast Trend Analysis

10.1.  Europe Aluminum Phosphide Market Assessments & Key Findings

10.1.1.   Aluminum Phosphide Market Introduction

10.1.2.   Aluminum Phosphide Market Size Estimates and Forecast (US$ Million & Tons) (2019 to 2033)

10.1.2.1.    By Type

10.1.2.2.    By Formulation

10.1.2.3.    By Application

10.1.2.4.    By Distribution Channel

10.1.2.5.    By Country

10.1.2.5.1. Italy

10.1.2.5.2. Germany

10.1.2.5.3. U.K.

10.1.2.5.4. France

10.1.2.5.5. Spain

10.1.2.5.6. Rest of Europe

11.   Asia Pacific Aluminum Phosphide Market: Estimates & Forecast Trend Analysis

11.1.  Asia Pacific Market Assessments & Key Findings

11.1.1.    Aluminum Phosphide Market Introduction

11.1.2.    Aluminum Phosphide Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 to 2033)

11.1.2.1.    By Type

11.1.2.2.    By Formulation

11.1.2.3.    By Application

11.1.2.4.    By Distribution Channel

11.1.2.5.    By Country

11.1.2.5.1. China

11.1.2.5.2. Japan

11.1.2.5.3. India

11.1.2.5.4. Australia

11.1.2.5.5. South Korea

11.1.2.5.6. ASEAN

11.1.2.5.7. Rest of Asia Pacific

12.   Middle East & Africa Aluminum Phosphide Market: Estimates & Forecast Trend Analysis

12.1.  Middle East & Africa Market Assessments & Key Findings

12.1.1.   Aluminum Phosphide Market Introduction

12.1.2.   Aluminum Phosphide Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 to 2033)

12.1.2.1.    By Type

12.1.2.2.    By Formulation

12.1.2.3.    By Application

12.1.2.4.    By Distribution Channel

12.1.2.5.    By Country

12.1.2.5.1. U.A.E.

12.1.2.5.2. Saudi Arabia

12.1.2.5.3. Egypt

12.1.2.5.4. Turkey

12.1.2.5.5. South Africa

12.1.2.5.6. Rest of Middle East & Africa

13.   South America Aluminum Phosphide Market: Estimates & Forecast Trend Analysis

13.1.  South America Market Assessments & Key Findings

13.1.1.   Aluminum Phosphide Market Introduction

13.1.2.   Aluminum Phosphide Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 to 2033)

13.1.2.1.    By Type

13.1.2.2.    By Formulation

13.1.2.3.    By Application

13.1.2.4.    By Distribution Channel

13.1.2.5.    By Country

13.1.2.5.1. Brazil

13.1.2.5.2. Argentina

13.1.2.5.3. Colombia

13.1.2.5.4. Rest of South America

14.   Competition Landscape

14.1.  Aluminum Phosphide Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

14.2.  Aluminum Phosphide Market Competition Regional Intensity Map Analysis, By Geographies Served

14.3.  Aluminum Phosphide Market Concentration & Company Market Shares (%) Analysis, 2022

15.   Company Profiles

15.1.      UPL Group

15.1.1.    Company Overview & Key Stats

15.1.2.    Financial Performance & KPIs

15.1.3.    Product Portfolio

15.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

15.2.      Shenyang Harvest Agrochemical Co., Ltd.

15.3.      Jining Shengcheng

15.4.      Yongfeng Chemical

15.5.      BASF SE

15.6.      Bayer AG

15.7.      Syngenta AG

15.8.      Agrosynth Chemicals

15.9.      Royal Agro Organic

15.10.   Sandhya Group

15.11.   Jiangsu Shuangling Chemical Group Co., Ltd.

15.12.   Others**

16.   Research Methodology

16.1.      External Power Outputs / Databases

16.2.      Internal Proprietary Database

16.3.      Primary Research

16.4.      Secondary Research

16.5.      Assumptions

16.6.      Limitations

16.7.      Report FAQs

17.   Research Findings & Conclusion 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Aluminum Phosphide Market in 2024?

Aluminum Phosphide Market was valued at USD 196.35 Million in 2024.

What is the growth rate for the Aluminum Phosphide Market?

Aluminum Phosphide Market size will increase at approximate CAGR of 3.1% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Aluminum Phosphide Market are UPL Group, Shenyang Harvest Agrochemical Co., Ltd., Jining Shengcheng, Yongfeng Chemical, BASF SE, Bayer AG, Syngenta AG, Agrosynth Chemicals, Royal Agro Organic, Sandhya Group, and Jiangsu Shuangling Chemical Group Co., Ltd. among others.

Which region dominates the Aluminum Phosphide Market?

Asia Pacific dominates the market with an active share of 40%.

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