Sodium Diethyl Dithiophosphate Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
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• Sodium Diethyl Dithiophosphate Market size is forecast to reach US$ 1.5 billion by 2026, after growing at a CAGR of 3.5% during 20212026. Along with other thiophosphates like sodium monothiophosphate and sodium trithiophosphate, sodium diethyl dithiophosphate is supplied as a hydrated solid or aqueous solution. Globally, the rising use of sodium diethyl dithiophosphate salt as a flotation agent in molybdenite mineral concentration from ores that is formed by the reaction of phosphorus pentasulfide to sodium hydroxide is estimated to drive the market growth. Increasing usage of sodium diethyl dithiophosphate as raw materials in the products and end use industries is anticipated to surge the growth of the sodium diethyl dithiophosphate industry over the forecast period. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways Asia-pacific region dominated the sodium diethyl dithiophosphate market due to the rising production of cosmetics, agrochemicals, metals, and others, in the emerging economies such as China, India, South Korea, and Australia. The increasing usage of sodium diethyl dithiophosphate for the manufacturing of sodium peroxide and sodium cyanide is further estimated to drive the market growth. Rapidly rising usage of thiophosphates such as sodium diethyl dithiophosphate along with sodium monothiophosphate for chemical manufacturing owing to its very reactive nature is anticipated to raise the demand for sodium diethyl dithiophosphate market growth. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Agrochemicals sector held the largest share in the sodium diethyl dithiophosphate market in 2020 and is projected to grow at a CAGR of 3% during 2021-2026. In the agrochemicals or fertilizer industry sodium diethyl dithiophosphate is increasingly being used. Sodium diethyl dithiophosphate substances are used in agrochemicals such as pesticides, insecticides, and others, for preventing, destroying or mitigating pests.
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Sodium Diethyl Dithiophosphate Market Industry Outlook • Angene International Limited • Advanced Technology Industrial Co, Ltd. • Boc Science • A.B.Enterprises • Haihang Industry Co, Ltd. • International Laboratory USA
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