to increase the consumption of phosphorus trichloride. However, availability of substitutes and government regulations could hamper the growth of this market.
Asia Pacific is currently the fastest growing market for phosphorus trichloride followed by North America and Europe. China and India are the largest consumers of phosphorus trichloride in Asia Pacific due to presence of an established agricultural and fertilizer industry. Bangladesh, Kazakhstan, Malaysia and Indonesia are other major consumers of phosphorus trichloride in Asia Pacific. The market in Europe is expected to witness moderate growth as compared to the historic growth experienced by the region. North America is a mature market and expected to experience slow to moderate growth.
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The market is dominated by large and medium agricultural and chemical corporations. Some of the key players in this market are LianYunGang Dongjin Chemical Co., Ltd.( China); Binhai Wuzhou Chemical Co., Ltd.( China), Yixing Dongchang Chemical Co., Ltd.( china), Solvay chemicals( U. S.), Alfa Aesar( U. S.), A. B. Enterprises( India), Triveni Aromatics And Perfumery Private Limited( India), Lanxess AG( Germany), PK Chlorochem Private Limited( India), Sabero Organics Gujarat Limited( India), Potash Corporation of Saskatchewan( Canada), Wuhan Rison Trading Co., Ltd.( China), Guangzhou Zoron Chemical Technology co. ltd.( China), Shanghai Fopol Chem-Tech Industry Co., Ltd.( China), Mosaic Company( U. S.), Monsanto Company( U. S.) and Akzo Nobel N. V( Netherlands) among others.
The top players have adopted different marketing strategies to accelerate the industry growth. Companies are using strategic acquisitions to broaden their product portfolio and increase their market share. In addition, companies are increasing their presence in key markets of Asia Pacific and Latin America to remain competitive in the market.
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