Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2000 Million | USD 5000 Million | 7% | 2022 |
FrequentlyAsked Questions
Phosphate esters are kind of organic salts made up of organ phosphorus compounds. Moreover, these compounds are extracted from alcohol and phosphoric acid. They are active an-ionic surfactants and are manufactured as free acids.
The global phosphate esters market growth over forecast period can be owing to phosphate esters possess good thermal stability and are also used as plasticizers. These beneficial features of the compound will enhance its popularity & utilization across various regions.
According to a study, the global phosphate esters industry size was $2000 million in 2022 and is projected to reach $5000 million by the end of 2030.
The global phosphate esters market is anticipated to record a CAGR of nearly 7% from 2023 to 2030.
The North American phosphate esters industry is set to register the fastest CAGR over the forecasting timeline subject to a surge in the demand for flame retardants as well as lubricants across aerospace, construction, and automotive sectors in the countries such as the U.S. and Canada. Apparently, an increase in the phosphate esters application in hydraulic fluids & gear oils for various types of machinery in end-use industries will steer the regional industry growth.
The global phosphate esters market is led by players such as Chempri B.V., Lakeland Laboratories Limited, SCHILL+SEILACHER GMBH, The DOW Company, CASTROL LIMITED, Laxness AG, Akzo Nobel N.V., Exxon Mobil Corporation, Elementis plc, Solvay S.A., Kao Corporation, Eastman Chemical Company, Merck KGaA, Stephan Company, Clariant AG, DAIHACHI CHEMICAL INDUSTRY CO., LTD., Croda International Plc, GRI Group, and Ashland Inc.
The global phosphate esters market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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