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Tetrakis Hydroxymethyl Phosphonium Sulfate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22646
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Tetrakis Hydroxymethyl Phosphonium Sulfate Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Tetrakis Hydroxymethyl Phosphonium Sulfate | Specialty Chemical | USA | 1435 USD/MT |
| Tetrakis Hydroxymethyl Phosphonium Sulfate | Specialty Chemical | China | 1375 USD/MT |
| Tetrakis Hydroxymethyl Phosphonium Sulfate | Specialty Chemical | Netherlands | 537 USD/MT |
| Tetrakis Hydroxymethyl Phosphonium Sulfate | Specialty Chemical | Brazil | 1435 USD/MT |
The price of tetrakis hydroxymethyl phosphonium sulfate in the United States for Q4 2023 reached 1435 USD/MT in December. The market in the United States exhibited mixed sentiment, rising in October and November, and declining in December. The rise can be attributed to a positive demand from water treatment sectors, elevated feedstock costs, steady interest rates, and strong economic conditions in the United States.
The price trend for tetrakis hydroxymethyl phosphonium sulfate in China exhibited mixed sentiments, with prices accessed at 1375 USD/MT. In October and November, the prices rose because of raised feedstock costs from phosphine and formaldehyde. China's formaldehyde feedstock shortage and decreased demand caused prices to fall in December, which in turn caused little market activity.
The price trend for tetrakis hydroxymethyl phosphonium sulfate in the Netherlands for Q4 2023, reached 537 USD/MT in December initially increased because of the growing feedstock costs and robust water treatment demand. However, a downturn in the Asian market by December led to a price drop, as producers began destocking to manage oversupply.
Brazil’s tetrakis hydroxymethyl phosphonium sulfate prices witnessed substantial changes during the quarter, with a decrease linked to the prior quarter. Moreover, within Q4, the country witnessed a minor decay in prices in the second half. The price of tetrakis hydroxymethyl phosphonium sulfate in Brazil for the quarter fourth of 2023 reached 1435 USD/MT in December.
Tetrakis Hydroxymethyl Phosphonium Sulfate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Tetrakis Hydroxymethyl Phosphonium Sulfate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of tetrakis hydroxymethyl phosphonium sulfate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of tetrakis hydroxymethyl phosphonium sulfate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of tetrakis hydroxymethyl phosphonium sulfate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing tetrakis hydroxymethyl phosphonium sulfate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Tetrakis Hydroxymethyl Phosphonium Sulfate Market Analysis
The global tetrakis hydroxymethyl phosphonium sulfate market size reached US$ 250.4 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 397.5 Million, at a projected CAGR of 5.30% during 2023-2032.
- Tetrakis hydroxymethyl phosphonium sulfate is an aqueous solution with antimicrobial and biodegradable properties. Its effectiveness as a fire retardant and biocide, due to its similar effect at lower concentrations and toxicity, makes it indispensable in industries like textiles, water treatment, and oil and gas which is further driving its demand.
- The growing demand for THPS in the oil and gas sector for microbial control in stimulation fluids, drilling fluids, and production systems is contributing to the growth of the market. THPS also exhibit preservation qualities, high-temperature stability, and long-term downhole protection in oilfields, making it highly sought after in the sector. As a result, growth in oil and gas exploration and production is anticipated to support the market growth. For instance, India’s crude oil production in FY23 reached 29.2 MMT, which can be attributed to the government’s efforts, such as allowing 100% foreign direct investment (FDI) in natural gas, refineries, and petroleum products, to fulfill the increasing energy demand. The industry attracted US$ 25 billion in investment in exploration and production in 2022.
- Tetrakis hydroxymethyl phosphonium sulfate is mainly used as a bactericidal algaecide in water treatment, fish aquaculture, and paper-making industry due to its ability to degrade swiftly into a harmless chemical. For instance, in an experiment by Shandong IRO Biocide Chemicals Co., Ltd. to prove the effectiveness of tetrakis hydroxymethyl phosphonium sulfate in water treatment, the company reported that the bactericidal effect of THPS reached more than 97% at a concentration of 10 mg/L, concluding it to be more environmentally stable at the same concentration compared to other compounds used for water treatment.
- The product’s flame-retardant properties also make it valuable in the textile industry to enhance fire resistance. Moreover, the rising environmental consciousness and regulations have facilitated the need for THPS fire retardants due to their comparatively lower toxicity and environmental impact. Traditional flame retardants are harmful to both man and nature, therefore, using bio-based substances as environmentally friendly flame retardants is being considered. For instance, according to Plastics Engineering, the Asia-Pacific region manufactures a significant amount of global flame retardant market, with China and India being the primary producers. The region recorded a revenue share of 50.85% in 2022, with an anticipated CAGR of 7.7% during 2023-2027.
Tetrakis Hydroxymethyl Phosphonium Sulfate News
The report covers the latest developments, updates, and trends impacting the global tetrakis hydroxymethyl phosphonium sulfate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in tetrakis hydroxymethyl phosphonium sulfate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the tetrakis hydroxymethyl phosphonium sulfate price trend.
Latest developments in the tetrakis hydroxymethyl phosphonium sulfate industry:
- In August 2021, IFF entered an agreement to sell its Microbial Control business unit, a segment that provides innovative and sustainable solutions, to LANXESS, one of the leading specialty chemicals companies for US$ 1.3 billion.
- In December 2023, Solvay, a chemical manufacturing company that formulates and distributes specialty polymers, chemical materials, and essential chemicals, announced the separation of the company into two independent companies, the New Solvay and Syensqo.
Product Description
Tetrakis hydroxymethyl phosphonium sulfate, or THPS is a chemical compound employed widely as a biocide and antimicrobial agent with the chemical formula[(CH2OH)4P]2SO4 indicating that it consists of phosphonium salts of hydroxymethyl groups combined with sulfate. Renowned for its effectiveness in curbing microbial growth such as bacteria, fungi, and algae in oil and gas production, textiles, and water treatment. It is highly favored in the oil and gas industry for its role in preventing microbial-induced corrosion in pipelines. THPS finds particular application in enhancing fire resistance in fabrics within the textile industry, crucial for sectors prone to fire accidents like manufacturing. With exceptional biocidal activity, chemical stability, low toxicity, water solubility, and compatibility, along with a reduced environmental impact, THPS has emerged as a prominent choice across various industrial sectors.
Regional Coverage
The report provides a detailed analysis of the tetrakis hydroxymethyl phosphonium sulfate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the tetrakis hydroxymethyl phosphonium sulfate price trend.
Global Tetrakis Hydroxymethyl Phosphonium Sulfate Price
The report offers a holistic view of the global tetrakis hydroxymethyl phosphonium sulfate pricing trends in the form of tetrakis hydroxymethyl phosphonium sulfate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into tetrakis hydroxymethyl phosphonium sulfate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into tetrakis hydroxymethyl phosphonium sulfate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed tetrakis hydroxymethyl phosphonium sulfate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Tetrakis Hydroxymethyl Phosphonium Sulfate Price
In the fourth quarter of 2023, prices of tetrakis hydroxymethyl phosphonium sulfate witnessed fluctuation across Europe, growing in October and November and then falling in December. In line with this, both October and November witnessed a surge in prices across the Netherlands, because of an Asian market uptrend and heightened need from water treatment sectors. However, a drop in the Asian market in December caused a dip in the Netherlands, which forced producers to strategically destock. The overall negative impact on the prices of tetrakis hydroxymethyl phosphonium sulfate was caused by reduced demand from the paper industry, oversupply, and lower feedstock formaldehyde costs.
This analysis can be extended to include detailed tetrakis hydroxymethyl phosphonium sulfate price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Tetrakis Hydroxymethyl Phosphonium Sulfate Price
During the quarter fourth of 2023, tetrakis hydroxymethyl phosphonium sulfate prices in the United States market displayed fluctuating trends. October and November saw price increases, but December saw a decrease. Increased feedstock costs, strong demand from the water treatment industries, and a growing trend in the Asian market all contributed to October's increase. November witnessed sustained price growth due to steady interest rates, strong economic conditions, and steady imports.
Specific tetrakis hydroxymethyl phosphonium sulfate historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Tetrakis Hydroxymethyl Phosphonium Sulfate Price
The report explores the tetrakis hydroxymethyl phosphonium sulfate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on tetrakis hydroxymethyl phosphonium sulfate prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Tetrakis Hydroxymethyl Phosphonium Sulfate Price
In the fourth quarter of fiscal year 2023, the tetrakis hydroxymethyl phosphonium sulfate market in China experienced fluctuating prices. Increases in October and November were caused by rising feedstock prices for phosphate and formaldehyde, positive market attitude, and growing demand from outside the country. Notwithstanding the mild demand from the water treatment and oil and gas industries, these price increases were partly caused by the scarce supply of THPS. The continuous decline in the Purchasing Managers' Index (PMI) throughout the quarter indicated ongoing industrial contraction, further pressuring tetrakis hydroxymethyl phosphonium sulfate prices.
This tetrakis hydroxymethyl phosphonium sulfate price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Tetrakis Hydroxymethyl Phosphonium Sulfate Price
The market for tetrakis hydroxymethyl phosphonium sulfate across Latin America faced notable challenges in the fourth quarter of 2023, marked by considerable volatility. One of the main causes of this volatility was the closure of a large THPS factory, which resulted in a restricted supply and higher costs. Disruptions in the supply chain, especially in the transportation segment, severely restricted the accessibility of tetrakis hydroxymethyl phosphonium sulfate throughout the area. Despite these supply issues, the need from key sectors like oil and gas and water treatment stayed robust, tightening market conditions even more.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Tetrakis Hydroxymethyl Phosphonium Sulfate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Tetrakis Hydroxymethyl Phosphonium Sulfate Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of tetrakis hydroxymethyl phosphonium sulfate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting tetrakis hydroxymethyl phosphonium sulfate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The tetrakis hydroxymethyl phosphonium sulfate price charts ensure our clients remain at the forefront of the industry.
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