Global Phosphate Esters Market Expected To Expand At Around 7.9% CAGR During 2020–2026

As per the Zion Market Research analysts, in 2019, the valuation of the global phosphate esters market was more than USD 1.94 billion and is expected to display a CAGR of around 7.9% during the forecast period. Some of the leading players in the global phosphate esters market include Solvay S.A., Lanxess AG, Elementis PLC, Akzo Nobel N.V., Exxon Mobil Corporation, Eastman chemical company, Castrol Ltd., Ashland Inc., Dow Chemical Company, Stepan Company, Israel Chemical Ltd., Croda International Plc, Clariant, BASF SE, Daihachi chemical co., and Lakeland Laboratories Ltd.

Rising Applications Of Phosphate Esters Likely To Bolster Its Demand During Coming Period

The growth of the global phosphate esters market is majorly propelled by its rising applications spanning from lubricants and plasticizer to hydraulic fluids. These organophosphates esters are extensively utilized in a number of industrial and customer-oriented products wherein fire retardancy is a necessary characteristic. It is utilized mainly as fire-resistant base stocks in a range of applications comprising hydraulic systems, compressors, and turbines. Their outstanding high ignition temperatures, low vapor pressures, and oxidation stability will delay ignition, whereas their low combustion heats lead to self-extinguishing fluids. All these properties and characteristics are anticipated to help the market grow during the forecast period. Further, latest developments within the automotive industry, steady expansions in marine & aviation, and flourishing construction sector are few other factors expected to drive the growth and bring up new opportunities for the players in the global phosphate esters market.

Triaryl Type Segment, Based On Volume, Likely To Grab The Largest Share In The Market

The global phosphate esters market, based on type, has been fragmented into alkyl aryl, trialkyl, triaryl, and others like bisphosphate. The triaryl segment, based on volume, is anticipated to capture the largest share in the global phosphate esters market. As a result of their anti-foaming properties, it is broadly used in hydraulic fluids, which are utilized in hydraulic brakes, power steering systems, aircraft flight control systems, and so on. Further, the product has other uses as fire retardants as a result of its improved self-extinguishing characteristics. The trialkyl phosphate esters segment, based on revenue, was over USD 199 million in 2018 because of its rising use as lubricating fluids, plasticizers, flame retardants, and nuclear-processing additives. The rise in their applications has stimulated augmented alertness of their environmental impact.

During The Forecast Period, Asia Pacific Anticipated To Witness Highest Growth

Regionally, the global phosphate esters market was ruled by Asia Pacific in 2018 and is expected to continue its supremacy during the forecast period as well. Expansion in the end-use businesses in Asia Pacific of phosphate esters is expected to drive the need for phosphate esters in this region. Also, the need for polymers and plastics in budding nations such as India and China in Asia Pacific has been rising unceasingly as a result of the economic, infrastructural, and industrial development in these nations. Moreover, Asia Pacific is among the extremely attractive and swiftly rising markets for agrochemicals, which is further anticipated to drive the phosphate ester demand in this region.

Browse the full “Global Phosphate Esters Market - By Application (Surfactants, Plasticizers, Lubricants, Lubricants, Fire Retardants, Hydraulic Fluids, And Pesticides), By Type (Trialkyl Phosphate Esters, Triaryl Phosphate Esters, And Alkyl Aryl Phosphate Esters), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/phosphate-esters-market

The global phosphate esters market is segmented as follows:

By Type:

• Triaryl Phosphate Esters
• Trialkyl Phosphate Esters
• Alkyl Aryl Phosphate Esters
• Others

By Application:

• Lubricants
• Fire Retardants
• Surfactants
• Hydraulic Fluids
• Paints & Coating
• Plasticizers
• Pesticides
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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