Global Tetrakis (Hydroxymethyl) Phosphonium Sulfate Market to Reach $411.2 Million by 2030
The global market for Tetrakis (Hydroxymethyl) Phosphonium Sulfate estimated at US$264.5 Million in the year 2023, is expected to reach US$411.2 Million by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030. Biocide Function, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$166.4 Million by the end of the analysis period. Growth in the Iron Sulfide Scavenger segment is estimated at 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $69.1 Million, While China is Forecast to Grow at 10% CAGR
The Tetrakis (Hydroxymethyl) Phosphonium Sulfate market in the U.S. is estimated at US$69.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$98.1 Million by the year 2030 trailing a CAGR of 10% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$58.9 Million by the year 2030.
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