Published: 27-Jan-2020 | Published By: Market Research Store
The published report on “Global Phosphate Ester Market –By Type (Triaryl Phosphate Esters, Trialkyl Phosphate Esters, Alkyl Aryl Phosphate Ester, and Others), By Application (Surfactants, Fire Retardants, Lubricants, Agrochemicals, Plasticizers, Hydraulic Fluids, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the escalating demand for global phosphate ester market in 2018 was approximately USD 850 Million. It is anticipated to reach around USD 1445 Million by 2025 with a CAGR of around 6.5%.
Browse Full Report 133 Market Data Tables and 46 Figures spread through 133 Pages and in-depth TOC on "Phosphate Ester Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-phosphate-ester-market-report-2019-industry-analysis-634241
Phosphate ester is commonly referred to as esters of phosphoric acid or organophosphates. It comprises of organic salts of orthophosphoric acid O=P(OH)3. They can also be termed as organophosphorus compounds that are majorly found in insecticides, herbicides, and nerve agents. It is also used in a small amount as base stocks for synthetic fluids.
The Phosphate Ester market is gaining momentum basically due to its increasing use in the agriculture sector. Phosphate ester is a primary nutrient that triggers the plant growth. The increasing demand for phosphate ester compounds in agriculture has increased its demand in the regions such as North America (U.S.) and Asia Pacific (China and India). In addition to this, the phosphate ester’s unique range of properties has a number of applications in the chemical processing industries. This factor is anticipated to propel its market growth during the forecast period. Furthermore, its increasing applicability in surfactant to fire retardancy further supplements the growth of the global Phosphate Ester market.
Apart from this, the stable progression in the marine and aviation along with advancements being made in the automotive industry and advancing construction sector also promotes market expansion. The growth in Phosphate Ester market share will be powered by its increasing use in the end-use industries, rising GDPs, and the high per capita income of individuals in the emerging nations. The rising trend of usage of bio-based esters will open new opportunities for the overall market growth. However, its rising costs and shortage in the supply of raw materials is expected to hinder the growth of the global Phosphate Ester market. Moreover, the dangers of pesticides and various government initiatives that advise for a global ban on the product may impede the global Phosphate Ester market growth.
The triaryl phosphate esters dominated the type segment in the global phosphate esters market in 2018. Triaryl phosphate esters are largely being used as a fire extinguisher and hydraulic fluids due to their fire retardant characteristics. In terms of value and volume, the triaryl phosphate esters dominate North America and Asia Pacific markets.
Furthermore, the plasticizers category from the application segment is projected to be the fastest-growing segment during the forecast period from 2019 to 2025. The fire retardant and self-extinguishing properties of the plasticizers are bound to surge the global Phosphate Esters market growth.
Moreover, the increasing demand for phosphate esters in the Asia Pacific and Latin America regions has boosted the market growth. The use of non-halogenated phosphorus esters in paints & coatings, lubricants, and surfactants, among others is also the major driver for the market growth.
Some of the key players in the global Phosphate Ester market include Eastman Chemical Company, Lanxess AG, Elementis PLC, Solvay S.A., Akzo Nobel N.V., DOW Chemical Company, Exxon Mobil Corporation, Ashland Inc, Stepan Company, Custom Synthesis, LLC, Croda International PLC, Israel Chemicals Ltd., BASF SE, Castrol Limited, and Colonial Chemical, Inc.
The global Phosphate Ester market is categorized into:
Global Phosphate Ester Market: By Type
- Triaryl Phosphate Esters
- Trialkyl Phosphate Esters
- Alkyl Aryl Phosphate Esters
Global Phosphate Ester Market: By Application
- Fire Retardants
- Hydraulic Fluids
Global Phosphate Ester Market: By Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key Pointers Addressed by the Report
- Historical data and forecast analysis of the market
- Drivers and Restraints affecting market dynamics
- Exhaustive analysis about the future market trends
- Comprehensive information about the leading market segments and region
- Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
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