Tetrakis (Hydroxymethyl) Phosphonium Sulfate - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market is accounted for $191.50 million in 2018 and is expected to reach $337.53 million by 2027 growing at a CAGR of 6.5% during the forecast period. While the factors rising growth of end user segment such as oil & gas and is fuelling the growth of the market. However, high cost of raw materials is likely to hamper the profit boundaries of the market.
Tetrakis (hydroxymethyl) phosphonium sulfate (THPS) is a sort of new ecological pesticide with high viability, low lethality and low basic. Mainly utilized in water treatment systems, oil field operations and paper-production industry. T he advantage is it will soon degrade to a nontoxic substance following use. Also it can be applied to texture covering as fire resistant, clearly improving flame retarding property.
Based on application, oil & gas segment is going to have a lucrative growth during the forecast period owing to the high-temperatures and prolongs downhole protection in oilfields which is resulted in growing oil production due to the dissolution of iron sulfide. By geography, North America is likely to have a huge demand due to high growth in emerging countries such as US, Canada & Mexico. US country has a huge demand in industrial water processes, growing manufacturing industries and rise in investments in the oil & gas industry in Mexico.
Some of the key players in Global Tetrakis (Hydroxymethyl) Phosphonium Sulfate market include Arkema S.A., Changshu New-Tech Chemicals Co., Ltd, Compass Chemical, Dowdupont, Finoric LLC, Hubei Lianxing Chemical Co., Ltd, Hubei Xingfa Chemicals Group Co., Ltd, Jiangsu Dan AI Chemical Co., Ltd, Jiangsu Kangxiang Industrial Group Co., Ltd, Jiangxi Fuerxin Medicine Chemical Co., Ltd, Prasol Chemicals Pvt. Ltd, Sigma-Aldrich (Merck KGaA) and Solvay.
• Tanning Agent
• Iron Sulfide Scavenger
• Flame Retardant
• Water Treatment
• Paper & Paperboard Manufacturing
• Oil & Gas
• Coatings and Emulsion
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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