The global Tetrakis phosphonium sulphate market is estimated to grow at a CAGR of 3.81% to reach a market size of US$317.843 million by 2027, from US$244.686 million in 2020.
Tetrakis Phosphonium Sulphate also known as Tetrakis (hydroxymethyl) phosphonium sulphate is a clear colourless compound with many uses such as flame retardant, biocides, and tanning agent. 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. Concerning 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.
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 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 and then 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.
Some of the key players like are selling tetrakis phosphonium sulphate for various uses include DuPont and Dow which sell a product the AQUCARTM THPS 75 Water Treatment Microbiocide is a broad-spectrum biocide that has been created to suppress the growth of algae, bacteria, yeasts, and fungus in process fluids used in a variety of industrial applications. In both acidic and alkaline conditions, AQUCAR THPS 75 Water Treatment Microbiocide is effective.
Another important figure is Tetrakis phosphonium sulphate a biocide sold by Solvay. TOLCIDE® PS, a biocide from Solvay, is aimed at a wide variety of applications in the oil and gas sector and water treatment markets. TOLCIDE ® PS is a proven, fast-acting, and potent micro biocide used to eradicate bacteria from oilfield waterflood operations or fracturing fluids in oil and gas reservoirs. It is also employed in the installation of industrial water treatment systems.
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 the paper industry, oil and gas industry, leather industry, textile industry, and water treatment. The oil and gas industry holds a significant amount of share 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.
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.
|Market Size Value in 2020||US$244.686 million|
|Market Size Value in 2027||US$317.843 million|
|Growth Rate||CAGR of 3.81% from 2020 to 2027|
|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, Dow Microbial Control, 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|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the tetrakis phosphonium sulphate market size by 2027?
A1. The global tetrakis phosphonium sulphate market is estimated to reach a total market size of US$317.843 million in 2027.
Q2. What are the growth prospects for the tetrakis phosphonium sulphate market?
A2. The tetrakis phosphonium sulphate market is estimated to grow at a CAGR of 3.81% 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$244.686 million in 2020.
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 share of the tetrakis phosphonium sulphate market?
A5. North America is projected to hold a significant share of the tetrakis phosphonium sulphate market owing to its growing usage for water treatment, tanning agents, and biocide in the region.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force 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, BY USAGE
5.3. Iron Sulfide Scavenger
5.4. Flame Retardant
5.5. Tanning Agent
6. GLOBAL TETRAKIS PHOSPHONIUM SULPHATE MARKET, BY END-USER INDUSTRY
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, BY GEOGRAPHY
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
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.
9.3. Merck KGaA
9.4. Dow Microbial Control
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
IRO GROUP INC.
Dow Microbial Control
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.
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.