Tetrakis (Hydroxymethyl) Phosphonium Sulfate - Global Market Trajectory & Analytics

Global Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market to Reach $293.5 Million by 2027

Amid the COVID-19 crisis, the global market for Tetrakis (Hydroxymethyl) Phosphonium Sulfate estimated at US$205 Million in the year 2020, is projected to reach a revised size of US$293.5 Million by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Biocide, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$116.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Iron Sulfide Scavenger segment is readjusted to a revised 5.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $55.3 Million, While China is Forecast to Grow at 8.6% CAGR

The Tetrakis (Hydroxymethyl) Phosphonium Sulfate market in the U.S. is estimated at US$55.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$63.3 Million by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Flame Retardant Segment to Record 5% CAGR

In the global Flame Retardant segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$30.7 Million in the year 2020 will reach a projected size of US$42.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$39.9 Million by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 45 Featured):

• Arkema S.A.
• Changshu New-Tech Chemicals Co., Ltd.
• ChinaChemNet Corporation
• 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.
• Lianxing Chemical Co., Ltd.
• Merck KGaA
• Prasol Chemicals Pvt. Ltd.
• Sigma-Aldrich (Merck KGaA)
• Solvay