Data Bridge Market Research analyses that the phosphonium salt market will witness a CAGR of 4.20% for the forecast period of 2021-2028. Increase in the demand for phosphonium salt for a wide range of applications such as catalyst, poly vinyl chloride or PVC additives and others, increased focus of the manufacturers on technological advancements, growth and expansion of various end user verticals and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the phosphonium salt market.
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