Global Phosphorus Pentasulfide Market Size is Expected to Grow to $515.58 Million by 2028

Global Phosphorus Pentasulfide Market Overview

According to Global Market Monitor, the global phosphorus pentasulfide market size will reach $501.23 million in 2023 and is expected to grow to $515.58 million by 2028.

Phosphorus pentasulfide is an inorganic compound that is one of two phosphorus sulfides of commercial value.The compound is mainly converted to other derivatives for use as lubrication additives such as zinc dithiophosphates and also used in the production of pesticides such as parathion and malathion. 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.

The Largest Segment by Application is the Lubricant Additives.

The rapid development of the global economy has promoted the development of the manufacturing industry. The manufacturing industry usually needs a lot of machinery and equipment, and accordingly, lubricating oil is required 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. The largest segment by application is the lubricant additives with a market share of 61.7% in 2022.

Asia-Pacific Dominated the Market.

Asia-Pacific led the market with a market share of 45.94% in 2022. The continuous development of chemical, automobile, and agricultural fields in emerging developing countries such as China and India, also brings opportunities for the development of the phosphorus pentasulfide market. In recent years, the industrialization level of emerging developing countries has developed rapidly, which inevitably requires the use of a large number of machinery and equipment, indirectly promoting the development of the market. The research on chemistry in emerging countries is also being strengthened, which is beneficial to the development of the phosphorus pentasulfide industry.

By Type	Yellow Powder
	Flake Form
	The yellow powder segment held the largest market share in 2022.
By Application	Lubricant Additives
	Mining Flotation Agents
	Pesticides
	Pharmaceuticals
	Others
	The largest segment by application is the lubricant additives, with a market share of 61.7% in 2022.
By Region	North America
	Europe
	Asia-Pacific
	Latin America
	Middle East & Africa
	Asia-Pacific dominated the market with a market share of 45.94% in 2022.