DUBLIN--(BUSINESS WIRE)--The "Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market by Application (Oil & Gas, Water Treatment, Leather, Textile), by Function (Biocide, Iron Sulfide Scavenger, Flame Retardant, Tanning Agent) and Region - Global Forecast 2025" report has been added to ResearchAndMarkets.com's offering.
The tetrakis (hydroxymethyl) phosphonium sulfate (THPS) market was valued at USD 191,056.9 thousand in 2018 and is projected to reach USD 278,541.8 thousand by 2025, at a CAGR of 5.5% from 2019 to 2025.
The growth of this market is primarily triggered by the increasing usage of THPS in various industries such as oil & gas, textile, and leather, along with its growing application in hydraulic fracturing. However, the increasing focus on oxidizing biocides is expected to restrict the growth of the market.
Tetrakis (hydroxymethyl) phosphonium sulfate (THPS) is a colorless-to-yellow liquid that is primarily used as a biocide for gas and oil-field applications as well as for water treatment.
As a biocide, THPS offers a broadspectrum activity and is highly effective against the sulfate-reducing bacteria (SRB) found in various oil & gas operations. It is widely used as a flame retardant in the textile industry and a tanning agent in the leather industry. THPS is also used in the hydraulic fracturing process, where it is preferred due to its biodegradability and high-temperature performance.
This report segments the plant genomic market based on function, application, and region. In terms of insights, this research report focuses on various levels of analyses-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the tetrakis (hydroxymethyl) phosphonium sulfate market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
- To get a comprehensive overview of the tetrakis (hydroxymethyl) phosphonium sulfate market
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- To gain insights about the major countries/regions, in which the tetrakis (hydroxymethyl) phosphonium sulfate market is flourishing
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in this Market
4.2 Tetrakis (Hydroxymethyl) Phosphonium Sulfate (THPS) Market: Key Countries
4.3 Tetrakis (Hydroxymethyl) Phosphonium Sulfate (THPS) Market, By Application
4.4 Market, By Function
4.5 North America: Tetrakis (Hydroxymethyl) Phosphonium Sulfate (THPS) Market, By Application & Country
5 Market Overview
5.2 Supply Chain Analysis
5.3 Market Dynamics
126.96.36.199 Growth of End-Use Segments Such as Oil & Gas and Textile
188.8.131.52 Preference Over Other Toxic Biocides
184.108.40.206 Increase in Application of THPS in Hydraulic Fracturing
220.127.116.11 Alternative Technologies are Being Developed to Replace Biocides
18.104.22.168 Increase in Focus on Oxidizing Biocides
22.214.171.124 Product Innovations and Customizations to Meet Growing Consumer Demand
126.96.36.199 Increase in Focus on High-Growth Markets Such as the Middle East & Asia Pacific
188.8.131.52 Rise in Price of Raw Materials
184.108.40.206 Health Hazards Associated With Exposure to THPS
6 Tetrakis (Hydroxymethyl) Phosphonium Sulfate (THPS) Market, By Function
6.2.1 THPS is Eco-Friendly and Effective in Both Acidic and Alkaline Media
6.3 Flame Retardant
6.3.1 THPS is Majorly Used as A Flame Retardant in Cotton and Cellulose Blend Fabrics
6.4 Iron Sulfide Scavenger
6.4.1 THPS Changes the Physical Form and Bacterial Content of the Iron Sulfide Deposits
6.5 Tanning Agent
6.5.1 Rise in the Use of THPS as A Substitute for Hazardous Chemical Salts During the Leather Tanning Process to Drive the Market Growth
7 Tetrakis (Hydroxymethyl) Phosphonium Sulfate (THPS) Market, By Application
7.2 Oil & Gas
7.2.1 THPS is Stable at High-Temperatures and Prolongs Downhole Protection in Oilfields
7.3 Water Treatment
7.3.1 THPS has Emerged as A Preferred Biocide in the Cooling Towers of Water Treatment Plants
7.4.1 THPS is Used More as A Flame Retardant Than A Leather Tanning Agent in the Textile Industry
7.5.1 THPS is Preferred Leather Tanning Agent Over Other Agents
7.6.1 Increased Applications of THPS Across Industries Due to Its Environment-Friendly Nature
8 Tetrakis (Hydroxymethyl) Phosphonium Sulfate (THPS) Market, By Region
9 Competitive Landscape
9.2 Competitive Leadership Mapping
9.2.1 Dynamic Differentiators
9.2.3 Visionary Leaders
9.2.4 Emerging Companies
9.2.5 New Product Launch
10 Company Profiles
- Arkema S.A.
- Changshu New-Tech Chemicals Co., Ltd.
- Compass Chemical
- 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)
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