Tetrakis Hydroxymethyl Phosphonium Sulfate Price Trend

Tetrakis Hydroxymethyl Phosphonium Sulfate Prices December 2023

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, stable interest rates, and robust economic conditions in the US. In December, the prices declined due to diminished demand from paper industries and a downturn in the Asian market.

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 due to elevated feedstock costs from phosphine and formaldehyde. December witnessed a decline in prices in China, driven by low formaldehyde feedstocks and reduced demand, leading to low market activity.

In the Netherlands, tetrakis hydroxymethyl phosphonium sulfate prices displayed mixed trends, with a rise in October and November, and a decline in December. October and November exhibited a price increase due to robust demand from water treatment sectors and increased feedstock costs. However, factors, such as oversupply, destocking efforts, and a decrease in feedstock formaldehyde prices, contributed to a price decline of THPS in December of Q4 2023, reporting at 537 USD/MT.

Brazil’s tetrakis hydroxymethyl phosphonium sulfate prices experienced significant changes during the quarter, with a decrease compared to the previous quarter. Moreover, within the quarter, the country witnessed a slight decline in prices during the second half. The price of tetrakis hydroxymethyl phosphonium sulfate in Brazil for Q4 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 current price of tetrakis hydroxymethyl phosphonium sulfate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into 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 Q4FY23, tetrakis hydroxymethyl phosphonium sulfate prices in the European market showed volatility, rising in October and November before declining in December. October and November witnessed a surge in prices in the Netherlands, driven by an Asian market uptrend and heightened demand from water treatment sectors. However, December saw a downturn in the Netherlands due to an Asian market slump, prompting manufacturers to destock strategically. Reduced demand from paper industries, coupled with oversupply and lower feedstock formaldehyde prices, contributed to the overall downward pressure on THPS prices. Despite these fluctuations, Q4FY23 was characterized by increased domestic demand, favorable economic conditions, and rising feedstock prices.

This analysis can be extended to include detailed tetrakis hydroxymethyl phosphonium sulfate price information for a comprehensive list of countries.

North America Tetrakis Hydroxymethyl Phosphonium Sulfate Price

During Q4FY23, tetrakis hydroxymethyl phosphonium sulfate prices in the USA market displayed fluctuating trends. Prices rose in October and November but declined in December. October saw an increase due to a rising Asian market trend, high demand from water treatment sectors, and elevated feedstock costs. November witnessed sustained price growth influenced by stable interest rates, strong economic conditions, and steady imports. December's decrease stemmed from an Asian market downturn, decreased demand from paper industries, and oversupply.

Specific tetrakis hydroxymethyl phosphonium sulfate historical data within the United States and Canada can also be provided.

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.

Asia Pacific Tetrakis Hydroxymethyl Phosphonium Sulfate Price

In Q4FY23, Chinese tetrakis hydroxymethyl phosphonium sulfate prices fluctuated. Prices rose in October and November due to higher Formaldehyde and Phosphine costs and bullish market sentiments. However, December saw a decline due to low formaldehyde availability and reduced demand, prompting destocking efforts and a downward price trend.

This tetrakis hydroxymethyl phosphonium sulfate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Tetrakis Hydroxymethyl Phosphonium Sulfate Price

The analysis of tetrakis hydroxymethyl phosphonium sulfate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

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.