Diphenylphosphine Oxide Market Research:the global market revenue reached US$2.67 million in 2024
According to statistics and forecasts from QYR, the global Diphenylphosphine Oxide market revenue reached US$2.67 million in 2024 and is expected to reach US$2.70 million in 2031, with a compound annual growth rate (CAGR) of 2.37% (2025-2031).
Figure00001. Global Diphenylphosphine Oxide Market Size (US$ million), 2020-2031
Source: QYResearch, "Diphenylphosphine Oxide - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
Diphenylphosphine Oxide is an organophosphorus compound that is widely used as a chemical intermediate, a ligand in coordination chemistry, and in recent years has also been used as a base material for high-performance flame retardants and optoelectronic materials. The global diphenylphosphine oxide market is still a niche market, but in recent years, due to the growing demand for environmentally friendly phosphorus-based flame retardants and the exploration and research of new applications, the market may usher in development opportunities.
In terms of production routes, the market is currently dominated by intermediate synthesis processes. Shandong Hongchuan Chemical Co., Ltd., Wuhan Jixin Yibang Biotechnology Co., Ltd., and Benxi Jikai Technology Co., Ltd. all adopt this technical route. However, this technical route is relatively expensive and is greatly restricted by the volatility of upstream raw materials. In order to reduce costs, Zibo Shengsen Fine Chemical Co., Ltd. has adopted the raw material synthesis process, so it has a clear price advantage, but due to its small scale and the fact that it has not yet completed the patent application, its competitiveness is limited.
In the future, the market application field will continue to expand and the technology will be further upgraded. The regional pattern characteristics remain the same, and China occupies the main market with policy support and industrial chain advantages.
In summary, the diphenylphosphine oxide market is evolving from a niche chemical to a strategic intermediate covering multiple high-value areas. Driven by regulatory pressure to phase out halogens and advances in phosphorus chemistry, diphenylphosphine oxide has broad growth potential. However, raw material price fluctuations and unstable demand remain key factors affecting the market's development trajectory. Overall, the diphenylphosphine oxide market is a niche market with limited scale, but once the downstream market is opened, it will usher in further development.
Figure00002. Global Diphenylphosphine Oxide Top 3 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)
Source: QYResearch, "Diphenylphosphine Oxide - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”
According to QYResearch Top Players Research Center, the global key manufacturers of Diphenylphosphine Oxide include Shandong Hongchuan Chemical Co., Ltd., Wuhan Jixinyibang Biotechnology Co., Ltd., etc. In 2023, the global top three players had a share approximately 61.0% in terms of revenue.
In terms of technical route type, currently Intermediate Synthesis Process is the largest segment, hold a share of 99.48%.
In terms of product application, currently Flame Retardants is the largest segment, hold a share of 73.18%.
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