Global Phosphorus Pentasulfide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Phosphorus Pentasulfide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Phosphorus pentasulfide is the inorganic compound with the formula P2S5 or dimer P4S10. This yellow solid is the one of two phosphorus sulfides of commercial value.

The compound is mainly converted to other derivatives for use as lubrication additives such zinc dithiophosphates. It is also used in the production of pesticides such as Parathion and Malathion. It is also a component of some amorphous solid electrolytes (e.g. Li2S-P2S5) for some types of lithium batteries.

Phosphorus pentasulfide is a dual-use material, for the production of early insecticides such as Amiton and also for the manufacture of the related VX nerve agents.

Market Overview:

The latest research study on the global Phosphorus Pentasulfide market finds that the global Phosphorus Pentasulfide market reached a value of USD 491.86 million in 2022. It’s expected that the market will achieve USD 508.62 million by 2028, exhibiting a CAGR of 0.56% during the forecast period.

Supply shortage of raw materials

Affected by the COVID-19 epidemic, the industries of all countries in the world are in a state of blockade and shutdown, so not only the industries within each country can't trade, but also the countries can't trade because of the supervision of cross-border import and export. COVID-19 had a negative impact on the upstream process of Phosphorus Pentasulfide market, and delayed the delivery time of raw material supplement. Moreover, the production of Phosphorus pentasulfide needs a lot of raw materials. If the raw materials can't be replenished in time, the production of Phosphorus pentasulfide can't be carried out normally, thus affecting the output and supply of Phosphorus pentasulfide.

The transportation of goods is affected to some extent

Due to the particularity of the epidemic, governments of various countries have issued policies to restrict transportation. It is required to minimize travel, avoid crowds and reduce the spread of diseases. Different countries have different policies, cross-border trade is restricted, and national control over import and export products becomes stricter, which increases the time of goods transportation. These measures make it more difficult to transport goods, especially import and export products. Many modes of transportation have been affected and some modes of transportation have been canceled, so the products ordered by online buyers cannot be delivered. The seller can only change the mode of transportation and shorten the transportation time as much as possible. For example, some sellers change railway transportation to air transportation, and the price of air transportation is about 4-5 times that of railway, which increases the cost of cargo transportation. Sellers will naturally increase the price of goods, and the increase in price may reduce the demand of customers, thus affecting sales and affecting the Phosphorus Pentasulfide industry.

Downstream demand increases

Phosphorus Pentasulfide is a greenish-yellow solid with a rotten egg odor. It is used in the production of safety matches, lube oil additives, and pesticides. The rapid development of the global economy has promoted the development of the manufacturing industry. The manufacturing industry usually needs to use a lot of machinery and equipment, and this machinery and equipment usually need lubricating oil to ensure their normal operation.

In addition, vehicles such as automobiles, airplanes, and boats also need lubricating oil, and the development of the global transportation industry has promoted the number of vehicles. As Phosphorus pentasulfide can be used as an additive to lubricating oil, the increasing demand of downstream industries for Phosphorus pentasulfide brings development opportunities to this industry.

Policy restriction

Phosphorus Pentasulfide reacts with water to produce phosphorus pentoxide, which will release toxic smoke, and its mixture in the air will cause explosion danger. Phosphorus Pentasulfide is easy to catch fire due to friction and is also in contact with sparks. Phosphorus Pentasulfide is dangerous to human contact, causing serious irritation to eyes and skin, and may cause long-term damage. Inhalation of Phosphorus Pentasulfide can damage the nose and throat, while a large amount of exposure can cause people to suffer from olfactory loss (the condition that patients lose their sense of smell). Exposure to Phosphorus Pentasulfide has many other harmful effects, such as nausea, dizziness, sweating and weakness. Some studies have also shown that Phosphorus Pentasulfide may be a human carcinogen.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (45.91% in 2022).

Company Overview:

Perimeter Solutions is one of the major players operating in the Phosphorus Pentasulfide market, holding a share of 45.92% in 2022.

Perimeter Solutions

Perimeter Solutions is the world's largest manufacturer of fire-fighting chemicals with a wide range of products covering flame retardant and fire-fighting foam applications. In the petroleum additives market, Perimeter Solutions is an important producer of phosphorus pentoxide.

Italmatch Chemicals

Italmatch is a leading innovative Chemical Group, specialized in Performance Additives for the Lubricant, Plastics, Water & Oil markets. Italmatch have a wide range of Specialty Chemicals to satisfy most demanding applications, including Personal Care.

Segmentation Overview:

As for product types, the Yellow Powder segment held the largest market share in 2022.

Yellow Powder

The chemical formula of phosphorus pentasulfide is P2S5, and this compound is usually gray-yellow powder. Yellow Powder is a dangerous article, and if it is mixed with air, dust explosion may occur.

Flake Form

Flake Form is a green-yellow solid sheet, which is pressed by Phosphorus Pentasulfide.

Application Overview:

The market's largest segment by application is the segment Lubricant Additives, with a market share of 61.7% in 2022.

Lubricant Additives

Phosphorus pentasulfide is a key raw material for the production of a very important class of lubricant additives, zinc zinc dithiophosphate (ZDDP). These products have excellent oxidation and abrasion resistance and are important additives in lubricant production. They can be used alone or together with other additives to make industrial and engine lubricants.

Mining Flotation Agents

Sodium, potassium, calcium or ammonium salts of dialkyl dithiophosphoric acid are widely used as flotation accelerators and collectors in mineral recovery processes for the flotation of metals from metal sulfides and precious metal ores (Copper, molybdenum, platinum, gold, etc.).

Pesticides

Phosphorus pentasulfide can be used in the production of various organophosphorus pesticides, and is used as an intermediate in the S-S cyclization reaction in pharmaceutical and aromatic chemistry.

Pharmaceuticals

Pharmaceutical mainly refers to the research and development, manufacturing and marketing of drugs or medicines for medical use. Phosphorus pentasulfide can be used in the pharmaceutical industry to participate in the synthesis of drugs.

Key Companies in the global Phosphorus Pentasulfide market covered in Chapter 3:

Hubei Xingfa Chemicals
Fosfoquim
Liaoning Ruixing Chemical
Perimeter Solutions
Chemtrade
Italmatch Chemicals
Excel Industries Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Phosphorus Pentasulfide market from 2018 to 2029 is primarily split into:

Yellow Powder
Flake Form

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Phosphorus Pentasulfide market from 2018 to 2029 covers:

Lubricant Additives
Mining Flotation Agents
Pesticides
Pharmaceuticals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)