For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Phosphorus Pentasulfide market:
According to our latest research, the global Phosphorus Pentasulfide market looks promising in the next 5 years. As of 2022, the global Phosphorus Pentasulfide market was estimated at USD 491.86 million, and it's anticipated to reach USD 508.62 million in 2028, with a CAGR of 0.56% during the forecast years.
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.
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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Phosphorus Pentasulfide market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Phosphorus Pentasulfide Market Report:
Market Size Estimates: Phosphorus Pentasulfide market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Phosphorus Pentasulfide market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Phosphorus Pentasulfide market
Segment Market Analysis: Phosphorus Pentasulfide market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Phosphorus Pentasulfide market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Phosphorus Pentasulfide Market: Revenue and sales volume of major countries in each region
Phosphorus Pentasulfide Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Phosphorus Pentasulfide market in major regions.
Phosphorus Pentasulfide Industry Value Chain: Phosphorus Pentasulfide market raw materials & suppliers, manufacturing process, distributors, downstream customers
Phosphorus Pentasulfide Industry News, Policies & Regulations
Key players in the global Phosphorus Pentasulfide market are covered in Chapter 12:
Chemtrade
Italmatch Chemicals
Hubei Xingfa Chemicals
Fosfoquim
Excel Industries Ltd.
Perimeter Solutions
Liaoning Ruixing Chemical
In Chapter 2 and Chapter 15.1, based on types, the Phosphorus Pentasulfide market from 2018 to 2028 is primarily split into:
Yellow Powder
Flake Form
In Chapter 3 and Chapter 15.2, based on applications, the Phosphorus Pentasulfide market from 2018 to 2028 covers:
Lubricant Additives
Mining Flotation Agents
Pesticides
Pharmaceuticals
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Phosphorus Pentasulfide market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028