H1 2023: Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) prices exhibited bearish scenario in North America in the first three months of 2023. However, in the second quarter of 2023, Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) witnessed a consistent upward trend in prices in the US market. This surge was propelled by increased demand from the downstream water treatment industry and substantial offtakes from the oil & gas sector. The demand-supply gap widened, and production costs remained robust. As the quarter concluded, THPS prices stayed firm due to robust demand in both domestic and international markets, coinciding with a decrease in ample inventory levels that prompted manufacturers to adjust their price quotations. Additionally, the impact of expensive imports from Asia exerted downward pressure on THPS prices in the regional market. Similar pricing trend was observed in the Chinese market as well, where the THPS prices declined till March and began to gain momentum from April 2023. In the second quarter of 2023, Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) experienced a bullish market sentiment in China. Prices of THPS in the Chinese market saw an improvement due to high production costs, although upstream feedstock phosphine prices moderated in June 2023. Robust demand for THPS from water treatment, solvent, and various industries, coupled with limited availability, contributed to Chinese price hikes. Simultaneously, overseas market demand also increased. The persistent supply chain disruptions, posing logistical challenges for THPS manufacturers.
The global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market stood at approximately 190 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 5.4% during the forecast period until 2032.
Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) is a versatile chemical compound with diverse applications spanning multiple industries. Primarily recognized as a potent biocidal agent, THPS plays a pivotal role in water treatment applications, effectively controlling the proliferation of bacteria, fungi, and algae in various water systems, including cooling towers, pulp and paper mills, and oil extraction operations. In the oil and gas industry, THPS serves as a valuable biocide and corrosion inhibitor in drilling fluids and production fluids, contributing to microbial control and equipment protection. Its flame retardant and antimicrobial properties find application in the textile industry, enhancing the fire resistance of fabrics and preventing microbial degradation. THPS is also utilized in the paper and pulp industry as a biocide to manage microbiological growth in processing facilities. Moreover, its fungicidal and bactericidal attributes make it a valuable component in leather processing. In metalworking fluids, THPS functions as a biocide to prevent microbial contamination, and in the cosmetic industry, it acts as a preservative, ensuring the microbial stability of certain cosmetic and personal care products. Recognized for its multifaceted properties, THPS continues to be an integral solution in various industrial processes, safeguarding against microbial threats and contributing to the longevity and efficiency of diverse applications.
The market for Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) is influenced by the expanding Water Treatment, Oil and Gas Exploration, and Pulp and Paper industries. THPS, widely employed as a biocide, plays a crucial role in water treatment applications such as oil and gas production, cooling water systems, and pulp and paper processing. The growing demand for effective water treatment solutions across these industries contributes to the increasing utilization of THPS. As oil and gas exploration activities rise, the demand for THPS is expected to see a corresponding increase. The expansion of the Pulp and Paper sector further propels the demand for THPS. The global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market size is anticipated to reach nearly 325 thousand tonnes by 2032.
In the forecast period, Asia is anticipated to emerge as a major consumer of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS), primarily due to robust industrial growth across diverse sectors in countries like China and India. The burgeoning demand for water treatment solutions in response to rapid urbanization and industrial expansion aligns with THPS's role as a versatile biocide. Additionally, the flourishing oil and gas exploration activities in the Asia-Pacific region contribute to the increased utilization of THPS for controlling microbial growth in drilling fluids and production systems. The expanding pulp and paper industry further underscores Asia's significance as a key market for THPS, where it is crucial in preventing microbiological growth in paper processing. As environmental awareness grows, THPS's biodegradable nature may also contribute to its preference in the region, alongside regulatory considerations and the pursuit of sustainable industrial practices.
Based on the end-user industry, the global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market is divided into Oil & Gas, Pulp & Paper, Water Treatment, and Others. However, Oil & Gas industry dominates the global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market. In 2022, this industry consumed roughly 46% of the net THPS market.
Major players in the Global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market are Solvay, Hubei Xingfa Chemicals Group Co., Ltd., Changshu New-Tech Chemicals Co., Ltd., Jiangxi Fuerxin Medicine Chemical Co., Ltd., Jiangsu Kangxiang Industrial Group Co., Ltd., Prasol Chemicals Pvt. Ltd., Hubei Lianxing Chemical Co., Ltd., Jiangsu Dan Al Chemical Co., Ltd., Finoric LLC, Compass Chemical, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) which covers production, demand and supply of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market in the globe.
• To analyse and forecast the market size of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS)
• To classify and forecast Global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market in the globe.
To extract data for Global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market, primary research surveys were conducted with Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market over the coming years.
ChemAnalyst calculated Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) manufacturers and other stakeholders
• Organizations, forums and alliances related to Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
200 thousand tonnes
Market size Volume in 2032
325 thousand tonnes
Growth Rate
CAGR of 5.4% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Oil & Gas, Pulp & Paper, Water Treatment, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) in terms of volume in 2022?
Ans:
The global market size of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) had reached approximately 200 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS)?
Ans:
Asia Pacific region is the leading consumer of Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS) globally.
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