Phosphides, Hydrides, Nitrides, Azides, Silicides and Borides Market

The global market for phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides, and borides is projected to see growth in both volume and value from 2022 to 2030. The market is expected to expand with a CAGR of +3.6% in volume and +5.8% in value during this period, reaching 298K tons and $5.2B respectively by the end of 2030. Consumption of these materials increased by 2.2% in 2022 to 223K tons, with China, the United States, and India leading in consumption. Global production slightly decreased to 233K tons in 2022 but is expected to regain momentum in the near future. Imports and exports also saw fluctuations, with China being the largest exporter and importer of these materials. Import and export prices varied by country, with Japan having the highest export price and Belgium the lowest. Overall, the market for these materials is poised for growth in the coming years.

Market Forecast

Driven by increasing demand for phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 298K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $5.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides

In 2022, consumption of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides increased by 2.2% to 223K tons, rising for the second year in a row after two years of decline. The total consumption volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 236K tons in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

The size of the market for phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides worldwide was estimated at $3.3B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the global market reached the peak level at $3.5B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (47K tons), the United States (37K tons) and India (17K tons), together accounting for 46% of global consumption. Japan, Finland, Brazil, Pakistan, Indonesia, Russia, South Korea, Italy, Sweden and Spain lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of borides, amongst the leading consuming countries, was attained by Sweden (with a CAGR of +20.3%), while borides for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($644M) led the market, alone. The second position in the ranking was held by Japan ($275M). It was followed by Brazil.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +4.6%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (+10.7% per year) and Brazil (-1.6% per year).

In 2022, the highest levels of per capita consumption of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides was registered in Finland (1,468 kg per 1000 persons), followed by Sweden (369 kg per 1000 persons), the United States (112 kg per 1000 persons) and South Korea (96 kg per 1000 persons), while the world average per capita consumption of phosphides, hydrides, nitrides, azides, silicides and borides was estimated at 28 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the per capita consumption of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides in Finland amounted to +1.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Sweden (+19.1% per year) and the United States (+7.4% per year).

Production

World Production of Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides

Global production of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides contracted slightly to 233K tons in 2022, standing approx. at the year before. The total output volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 20% against the previous year. Global production peaked at 254K tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, production of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides totaled $3.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15%. Global production peaked at $3.7B in 2017; however, from 2018 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (73K tons), the United States (52K tons) and India (9.5K tons), with a combined 58% share of global production. Japan, Finland, Russia, Pakistan, Indonesia, Brazil, Italy, Saudi Arabia and Spain lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +14.3%), while borides for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides

In 2022, overseas purchases of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides increased by 4% to 54K tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. Over the period under review, global imports of reached the peak figure at 58K tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides stood at $774M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 13% against the previous year. Over the period under review, global imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports By Country

The countries with the highest levels of imports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides in 2022 were India (8.3K tons), South Korea (5.9K tons), Belgium (5.1K tons), China (4.7K tons), Sweden (4K tons), Brazil (2.9K tons), France (2.7K tons), the United States (2.3K tons), Canada (2K tons), Taiwan (Chinese) (2K tons), Finland (1.5K tons) and Italy (1.4K tons), together reaching 79% of total import. Japan (1.4K tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +38.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest phosphides, hydrides, nitrides, azides, silicides and borides importing markets worldwide were China ($122M), South Korea ($115M) and India ($85M), together comprising 42% of global imports. Taiwan (Chinese), Japan, the United States, France, Italy, Canada, Belgium, Sweden, Brazil and Finland lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Belgium, with a CAGR of +8.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides amounted to $14,214 per ton, with an increase of 3.8% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. Global import price peaked at $19,777 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($37,075 per ton), while Finland ($2,131 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides

Global exports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides dropped to 64K tons in 2022, waning by -6.9% on 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 38%. Over the period under review, the global exports of reached the maximum at 78K tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides reached $774M in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

China represented the largest exporter of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides in the world, with the volume of exports recording 31K tons, which was approx. 48% of total exports in 2022. The United States (17K tons) ranks second in terms of the total exports with a 27% share, followed by Belgium (10%). The following exporters - the Czech Republic (1.3K tons), Japan (1.2K tons), Italy (1.1K tons) and France (1K tons) - each recorded a 7.1% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +35.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest phosphides, hydrides, nitrides, azides, silicides and borides supplying countries worldwide were the United States ($299M), China ($156M) and Japan ($62M), together accounting for 67% of global exports. Belgium, Italy, France and the Czech Republic lagged somewhat behind, together comprising a further 6.9%.

In terms of the main exporting countries, Belgium, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides amounted to $12,105 per ton, picking up by 11% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 17% against the previous year. The global export price peaked at $17,434 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($53,425 per ton), while Belgium ($3,127 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform