Global Tetrakis Phosphonium Sulphate Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Usage (Biocide, Iron Sulfide Scavenger, Flame Retardant, Tanning Agent), By End-User Industry (Paper Industry, Oil And Gas Industry, Leather Industry, Textile Industry, Water Treatment Industry), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061613057 Pages: 166

"The global Tetrakis phosphonium sulphate market is estimated to grow at a CAGR of 3.79% to reach a market size of US$ 312.469 million by 2024, from US$249.975 million in 2018."

Tetrakis Phosphonium Sulphate is also known as Tetrakis(hydroxymethyl) phosphonium sulphate is a clear colorless compound that has many uses such as flame retardant, biocides, tanning agent. The demand for Tetrakis phosphonium sulphate is primarily driven by industries such as oil and gas, textile, and water treatment. Mostly, it is used as a biocide for water treatment operations. It is an essential chemical compound in use in various industries such as in textile industries since it is used as a textile flame retardant in which first a pre-condensate of urea is formed then it is cured on the cotton fabric. In leather industries, it is used as a tanning agent in which it is used as a substitute for chrome that produces a white hide and allows the tanner to reduce the use of hazardous chrome salts. In the oil and gas industry, it is used as an iron sulfide scavenger in oil field waters as it turns into a water-soluble complex which then removes any traces of iron sulfide in the water and removes deposits from pipe surfaces, filter media, and other equipment.

Due to rapid industrialization, many industries are coming up in different regions of the world so the demand for tetrakis phosphonium sulphate is increasing as its use is beneficial for different industries. This majorly acts as a driving factor for the global tetrakis phosphonium sulphate market growth. With respect to usage, the biocide segment is poised to grow at a notable rate throughout the forecast period as the demand for tetrakis phosphonium sulphate is more for use as a biocide.

Some of the key players like are selling tetrakis phosphonium sulphate for various uses include DuPont and Dow that sell a product AQUCAR THPS 75 Water Treatment Microbiocide which is 76.5% w/w aqueous solution of tetrakis(hydroxymethyl) phosphonium sulfate. AQUCAR™ THPS 75 Water Treatment Microbiocide is a broad-spectrum biocide developed to inhibit the growth of algae, bacteria, yeasts, and fungi in process waters used in various industrial applications. AQUCAR THPS 75 Water Treatment Microbiocide is effective in both acid and alkaline environments. Another key player Solvay sells tetrakis phosphonium sulfate as a biocide. Solvay’s biocide TOLCIDE® PS is targeted at a wide range of applications in the oil & gas field and water treatment markets. TOLCIDE ® PS is a successful, fast-acting, and powerful micro biocide, designed to eliminate bacteria from oilfield waterflood operations or fracturing fluids in oil and gas reservoirs. It is also used in industrial water treatment installation.

By Usage

By Usage, the global tetrakis phosphonium sulphate market is segmented as a biocide, iron sulfide scavenger, flame retardant, and tanning agent. Biocide is anticipated to be one of the fastest-growing segments as most industries use this compound as a biocide. 

By End-User Industry

By End-User Industry, the global tetrakis phosphonium sulphate market can be segmented as paper industry, oil and gas industry, leather industry, textile industry, and water treatment. The oil and gas industry holds a significant amount of share in the market owing to the increasing demand for tetrakis phosphonium sulfate as it provides protection to components and has high stability at high temperatures. However, it is the biocidal function of tetrakis phosphonium sulfate that is boosting the demand for it in water treatment.

By Geography

Geographically, the global tetrakis phosphonium sulphate market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. North America is projected to hold a significant market share owing to its growing usage for water treatment, tanning agents, and biocide in the region.

Competitive Landscape

The global tetrakis phosphonium sulphate market is competitive owing to the presence of well-diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.

Global Tetrakis Phosphonium Sulphate Market Scope:

Report Metric Details
 Market size value in 2018  US$249.975 million
 Market size value in 2024  US$312.469 million
 Growth Rate  CAGR of 3.79% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Usage, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered IRO GROUP INC., Solvay, Merck KGaA, DuPont and Dow, Hubei Xingfa Chemicals Group Co., Ltd, Changshu New-Tech Chemicals Co., Ltd., Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd, Jiangsu Kangxiang Industrial Group Co., Ltd., Zhengzhou Meiya Chemical Products Co., Ltd., FINORIC LLC, Compass Chemical
 Customization scope  Free report customization with purchase

 

Segmentation

The global tetrakis phosphonium sulphate market has been segmented by usage, end-user industry, and by geography.

By Usage

  • Biocide
  • Iron Sulfide Scavenger
  • Flame Retardant
  • Tanning Agent   

By End-User Industry

  • Paper
  • Oil and Gas
  • Leather
  • Textile
  • Water Treatment

By Geography

  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the tetrakis phosphonium sulphate market size by 2024?
A1. The global tetrakis phosphonium sulphate market is estimated to reach a total market size of US$ 312.469 million in 2024.


Q2. What are the growth prospects for the tetrakis phosphonium sulphate market?
A2. The global tetrakis phosphonium sulphate market is estimated to grow at a CAGR of 3.79% during the forecast period.


Q3. What is the size of the global tetrakis phosphonium sulphate market?
A3. Tetrakis Phosphonium Sulphate market is evaluated at US$249.975 million for the year 2018.


Q4. What factors are anticipated to drive the tetrakis phosphonium sulphate market growth?
A4. The demand for Tetrakis phosphonium sulphate is primarily driven by industries such as oil and gas, textile, and water treatment.


Q5. Which region holds the largest market share in the tetrakis phosphonium sulphate market?
A5. North America is projected to hold a significant market share owing to its growing usage for water treatment, tanning agents, and biocide in the region.

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Global Tetrakis Phosphonium Sulphate Market Analysis, by Usage

5.1. Introduction

5.2. Biocide

5.3. Iron Sulfide Scavenger

5.4. Flame Retardant

5.5. Tanning Agent

6. Global Tetrakis Phosphonium Sulphate Market Analysis, by End-User Industry

6.1. Introduction

6.2. Paper Industry

6.3. Oil and Gas Industry

6.4. Leather Industry

6.5. Textile Industry

6.6. Water Treatment Industry

7. Global Tetrakis Phosphonium Sulphate Market Analysis, by Geography

7.1. Introduction

7.2. North America

7.2.1. North America Tetralis Phosphonium Sulphate Market, By Usage, 2018 to 2024

7.2.2. North America Tetralis Phosphonium Sulphate Market, By End-User Industry, 2018 to 2024

7.2.3. By Country

7.2.3.1. USA

7.2.3.1.1. By Usage

7.2.3.1.2. By End-User Industry

7.2.3.2. Canada

7.2.3.2.1. By Usage

7.2.3.2.2. By End-User Industry 

7.2.3.3. Mexico

7.2.3.3.1. By Usage

7.2.3.3.2. By End-User Industry

7.3. South America

7.3.1. South America Tetralis Phosphonium Sulphate Market, By Usage, 2018 to 2024

7.3.2. South America Tetralis Phosphonium Sulphate Market, By End-User Industry, 2018 to 2024

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.1.1. By Usage

7.3.3.1.2. By End-User Industry

7.3.3.2. Argentina

7.3.3.2.1. By Usage

7.3.3.2.2. By End-User Industry

7.3.3.3. Others

7.4. Europe

7.4.1. Europe Tetralis Phosphonium Sulphate Market, By Usage, 2018 to 2024

7.4.2. Europe Tetralis Phosphonium Sulphate Market, By Usage, 2018 to 2024

7.4.3. By Country

7.4.3.1. Germany

7.4.3.1.1. By Usage

7.4.3.1.2. By End-User Industry

7.4.3.2. France

7.4.3.2.1. By Usage

7.4.3.2.2. By End-User Industry

7.4.3.3. United Kingdom

7.4.3.3.1. By Usage

7.4.3.3.2. By End-User Industry

7.4.3.4. Spain

7.4.3.4.1. By Usage

7.4.3.4.2. By End-User Industry

7.4.3.5. Others

7.5. Middle East and Africa

7.5.1. Middle East and Africa Tetralis Phosphonium Sulphate Market, By Usage, 2018 to 2024

7.5.2. Middle East and Africa Tetralis Phosphonium Sulphate Market, By End-User Industry, 2018 to 2024

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. By Usage

7.5.3.1.2. By End-User Industry

7.5.3.2. Israel

7.5.3.2.1. By Usage

7.5.3.2.2. By End-User Industry

7.5.3.3. UAE

7.5.3.3.1. By Usage

7.5.3.3.2. By End-User Industry

7.5.3.4. Others

7.6. Asia Pacific

7.6.1. Asia Pacific Tetralis Phosphonium Sulphate Market, By Usage, 2018 to 2024

7.6.2. Asia Pacific Tetralis Phosphonium Sulphate Market, By End-User Industry, 2018 to 2024

7.6.3. By Country

7.6.3.1. China

7.6.3.1.1. By Usage

7.6.3.1.2. By End-User Industry

7.6.3.2. Japan

7.6.3.2.1. By Usage

7.6.3.2.2. By End-User Industry

7.6.3.3. Australia

7.6.3.3.1. By Usage

7.6.3.3.2. By End-User Industry

7.6.3.4. India

7.6.3.4.1. By Usage

7.6.3.4.2. By End-User Industry

7.6.3.5. Others

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. Company Profiles 

9.1. IRO GROUP INC.

9.2. Solvay 

9.3. Merck KGaA 

9.4. DuPont and Dow

9.5. Hubei Xingfa Chemicals Group Co., Ltd 

9.6. Changshu New-Tech Chemicals Co., Ltd. 

9.7. Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd

9.8. Jiangsu Kangxiang Industrial Group Co., Ltd. 

9.9. Zhengzhou Meiya Chemical Products Co., Ltd. 

9.10. FINORIC LLC 

9.11.  Compass Chemical

10. Appendix

IRO GROUP INC.

Solvay 

Merck KGaA 

DuPont and Dow

Hubei Xingfa Chemicals Group Co., Ltd 

Changshu New-Tech Chemicals Co., Ltd. 

Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd

Jiangsu Kangxiang Industrial Group Co., Ltd. 

Zhengzhou Meiya Chemical Products Co., Ltd. 

FINORIC LLC 

Compass Chemical

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