Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2343 | Last Updated On: Oct 26 2022 | Available Formats

> Global Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market Expected to reach at a high CAGR by 2029: DataM Intelligence

Global Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market is segmented (Biocide, Flame-Retardant, Others), By End-Use (Water Treatment Plants, Oil Field Pipelines, Aquaculture, Leather Industries, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

The Global "Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).

Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market Insights

Metrics

Details

Market CAGR

High

Segments Covered

By End-Use and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Get A Free Sample Click Here

Tetrakis (Hydroxymethyl) Phosphonium Sulfate is an organophosphorus compound characterized by its low solidity point and fine stability. It is widely used in water treatment systems, oil field operations, and paper making industry. It is also used as a fire-retardant material in fabric coatings. THPS offers many technical advantages over traditional biocides due to various technical features, including less toxicity to non-target organisms, its effectiveness at lower concentrations, and its biodegradable nature. 

Market Dynamics:

Increasing government regulations to control the industrial water's microorganism content before its exposure in the water channels is the primary factor driving the global tetrakis (hydroxymethyl) phosphonium sulfate during the forecast period. According to the study published in the United States, Environmental Protection Agency, the United States industrial water treatment market for non-oxidizing biocides alone is valued at 42 million pounds per year and growing at 6-8% annually. There are more than 500,000 users in this category. Furthermore, the growing usage of environmentally safe biocide for waste and industrial water treatment is expected to boost huge market demand for tetrakis (hydroxymethyl) phosphonium sulfate globally during the forecast period.

However, the availability of alternatives, limited availability, and the high-cost nature of the material hinder the growth of the tetrakis (hydroxymethyl) phosphonium sulfate market globally during the forecast period.

Segment Analysis

The global tetrakis (hydroxymethyl) phosphonium sulfate market is segmented on end-use into water treatment plants, oil field pipelines, aquaculture, leather industries, etc.

The oil field pipeline segment in the global tetrakis (hydroxymethyl) phosphonium sulfate market is expected to grow at a higher pace during the forecast period due to the rise in usage of THPS in regular drilling and production activities, increasing demand for environmentally friendly biocides in the industry. It is also used to control iron sulfide precipitation for water injection and remove deposits for oil production systems. In the oil & gas industry, the THPS is primarily utilized as a biocide to control sulfate-reducing bacteria due to its enhanced performance, higher thermal stability, and low foaming potential.

Geographical Presentation

By region, the global tetrakis (hydroxymethyl) phosphonium sulfate market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

North America is expected to dominate the global tetrakis (hydroxymethyl) phosphonium sulfate market during the forecast period due to industrial water treatment's huge market presence through environmentally friendly biocide and increased oil & gas drilling activities. The huge presence of manufacturing industries across the United States about leather, textile and the rise in consumption of THPS as flame retardant are factors additionally driving the market across North America during the forecast period. 

Competitive Analysis

The global tetrakis (hydroxymethyl) phosphonium sulfate market is dominated by 3-4 companies and has a high level of local producers in Asia-Pacific. The companies focus on improving their market presence in both developed and developing nations through innovative product launches.

  • Special Materials Company received approval from the US Environmental Protection Agency to use Avancid 75 biocide (75% of a tetrakis solution (hydroxymethyl) phosphonium sulfate) in water treatment oilfield applications.

Some of the key players in the global tetrakis (hydroxymethyl) phosphonium sulfate market include The Chemical Company, The Dow Chemical Company, Merck KGaA, Solvay S.A., and many others.

Why Purchase the Report

  • Visualize the composition of the global tetrakis (hydroxymethyl) phosphonium sulfate market in terms of function, and end-use highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global tetrakis (hydroxymethyl) phosphonium sulfate market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data f - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

**The global tetrakis (hydroxymethyl) phosphonium sulfate report will provide access to approximately 53 market data tables, 44 figures, and 230 pages.

Target Audience

  • Investors/Investment Bankers
  • Chemical Manufacturers
  • Distributors
  • Research Organizations

Frequently Asked Questions

What is the Projected CAGR value of the Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market?

Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market is expected to grow at a CAGR of high during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls theTetrakis (Hydroxymethyl) Phosphonium Sulfate Market during 2022-2029.

Which is the fastest growing region in the Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Trending Topics

Biocide Market

Flame Retardants Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest