Tetrakis Hydroxymethyl Phosphonium Chloride Market Overview and Regional Status Analysis to 2022

Global Tetrakis Hydroxymethyl Phosphonium Chloride (124-64-1) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Tetrakis Hydroxymethyl Phosphonium Chloride is also termed as Tetrahydroxymethyl phosphonium chloride, or THPC is an organophosphorus compound used as a precursor to fire-retardant materials with the chemical formula [P(CH2OH)4]Cl. It can be clear light pink in color or yellow-green color.

THPC can be produced by treating phosphine with formaldehyde in the presence of hydrochloric acid. It is exclusively used to prepare tris (hydroxymethyl) phosphine. It has a specific odor and is non-flammable. Moreover, an eco-friendly compound can be easily decomposed. In addition, has slight acid properties and are considered corrosive.

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Tetrakis Hydroxymethyl Phosphonium Chloride (124-64-1) Market is segmented based on product type, applications, and region. Product types such as Content <80% and Content ≥80% classify market. Applications into Bactericides, Textiles Flame Retardants, and others classify Tetrakis Hydroxymethyl Phosphonium Chloride (124-64-1) Market.

Tetrakis Hydroxymethyl Phosphonium Chloride (124-64-1) Market is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, Americas accounts for the largest market share of Tetrakis Hydroxymethyl Phosphonium Chloride (124-64-1) Industry and is estimated to lead the overall market in the upcoming years. Europe and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come.

The key players of Tetrakis Hydroxymethyl Phosphonium Chloride (124-64-1) Market are Suzhou Lianxiong Superfine Chemical, Hubei Xingfa Chemicals, Demand Chemical, Jiangsu Kangxiang Industrial, Fuerxin Medicine Chemical, Sigma-Aldrich, Lianxing Chemical, TCI Chemicals, and New-Tech Chemicals. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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