Press release
Phosphate Esters Market to grow at 8% CAGR over 2018-2025 | Castrol, Stepan Company, The Dow Chemical Company, Croda, Israel Chemical Ltd., Clariant, Lakeland Laboratories Ltd., Daihachi chemical co. , Lanxess, AkzoNobel, Elementis Global, ExxonMobil, Eas
U.S. phosphate esters market size, by application, 2014 – 2025 (USD Million)
Recently for instance, Eastman Chemical Company signed a deal with a global specialty chemicals leader Clariant to develop and distribute Eastman Chemical’s Tamisolve NxG solvent – a low toxic and highly effective solvent used in the agrochemical industry.
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both the companies are expected to leverage their expertise and utilize their individual strengthen in developing more sustainable, efficient, and innovative agrochemicals for farmers worldwide. If industry analysts are to be believed, such deals in extension, will deliver significant business benefits to the global phosphate esters industry players.
BASF SE, Lanxess AG, Israel Chemical Ltd, Solvay S.A., Lakeland Laboratories Ltd., Ashland Inc., Daihachi chemical company, Akzo Nobel N.V., and Elementis PLC are some of the other prominent companies operating the global phosphate ester market.
North America to merge as a major revenue pocket
In terms of volume, with U.S. at its foray, North America phosphate ester market is anticipated to register a CAGR of 7.5% over 2017-2025. The massive investment in research and development in industrial equipment and manufacturing components, particularly in the U.S., is poised to accelerate the regional industry expansion in the ensuing years.
The overall use of non-halogenated phosphorus esters in myriad industrial applications is also expected to favor the product demand. Estimates claim that this surge in demand has mainly triggered the regional business for triaryl phosphate ester, which is alone forecast to exceed USD 350 million by 2025. The data also significantly goes on to validate that North America phosphate ester market is all set to experience a growing investment interest from potential stakeholders in the coming years.
All in all, thriving of the cusp of expanding application and regional landscape, the global phosphate esters industry is expected to continue on a lucrative roadmap in the years ahead. A presumption bearing testimony to the same id of Global Market Insights, Inc., that claims the overall phosphate esters market to exceed a valuation of USD 3 billion by 2025.
Endowed with a wide application spectrum, the growth prospects of the global phosphate esters market have been witnessing an upsurge in the recent years. The wide range of structures and links of phosphate esters that can be developed to adapt to specific applications and functional properties have in turn resulted into wide range of commercially valuable products. With the globally flourishing agricultural and construction industries, the demand for phosphate esters as a raw material in surfactants, agrochemicals, lubricants, fire retardants, and plasticizers have significantly favored this business sphere.
Growth drivers
1. Growth in aerospace industry in developed nations
2. Steady growth in industrialization in APAC
Chapter 4. Phosphate Esters Market, Type By Application
4.1. Global phosphate esters market, type insights
4.2. Triaryl phosphate esters
4.2.1. Market estimates and forecast, by application, 2014 – 2025
• Surfactants
• Fire Retardants
• Lubricants
• Agrochemicals
• Plasticizers
• Hydraulic fluids
• Others
4.2.2. Market estimates and forecast by region, 2014 – 2025
4.3. Trialkyl phosphate esters
4.3.1. Market estimates and forecast, by application, 2014 – 2025
• Surfactants
• Fire Retardants
• Lubricants
• Agrochemicals
• Plasticizers
• Hydraulic fluids
• Others
4.3.2. Market estimates and forecast by region, 2014 – 2025
4.4. Alkyl aryl phosphate esters
4.4.1. Market estimates and forecast, by application, 2014 – 2025
• Surfactants
• Fire Retardants
• Lubricants
• Agrochemicals
• Plasticizers
• Hydraulic fluids
• Others
4.4.2. Market estimates and forecast by region, 2014 – 2025
4.5. Others
4.5.1. Market estimates and forecast, by application, 2014 – 2025
• Surfactants
• Fire Retardants
• Lubricants
• Agrochemicals
• Plasticizers
• Hydraulic fluids
• Others
4.5.2. Market estimates and forecast by region, 2014 – 2025
Elaborating further, it is prudent to mention that the emerging move away from the low molecular weight orthophthalate PVC plasticisers is set to have a significant impact on this industry expansion. The tightening of regulations coupled with the rapid emphasize on product development activity for alternatives that offer better properties have in turn impelled several companies to go the whole hog and take advantage of this situation.
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Unveiling the application landscape of the global phosphate esters industry
Speaking of the application spectrum, estimates claim that the fire-retardant segment accounted for more than 20% of the overall phosphate ester market share in 2017. The rapidly growing population and construction sector are the most pivotal factor driving this application segment. The demand for phosphate esters as multifunctional additives for metal working fluids has also favored the segment growth.
Besides the fire-retardant application, two prominently emerging application segments of the global phosphate esters industry are the hydraulic fluids and agrochemicals. Reliable reports claim that the trend of fusion prototype and miniaturization in industrial and consumer goods segment will positively impact the demand for phosphate esters in the ensuing years.
Phosphate ester hydraulic fluids are widely used in steel mill equipment, flight deck elevators, and aircraft catapult systems and including control fluid for steam turbines and hydraulic doors on blast furnaces. Consistent demand for these applications have significantly uplifted the growth of the hydraulic fluid segment, which according to reports will surpass a remuneration portfolio of USD 500 million by 2025.
Type By Application
o Triaryl Phosphate Esters
o Trialkyl Phosphate Esters
o Alkyl Aryl Phosphate Esters
By Application
• Surfactants
• Fire Retardants
• Lubricants
• Agrochemicals
• Plasticizers
• Hydraulic fluids
• Others
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Lanxess AG
2. Solvay S.A
3. Akzo Nobel N.V.
4. Elementis PLC
5. Eastman chemical company
6. Exxon Mobil Corporation
7. Ashland Inc.
8. Castrol Ltd.
9. Stepan Company
10. Dow Chemical company
11. Croda International Plc
12. Israel Chemical Ltd
13. BASF SE
14. Clariant
15. Lakeland Laboratories Ltd.
Browse key industry insights from the report, “Phosphate Esters Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/phosphate-esters-market
Global phosphate ester market is highly competitive due to presence of large number of industry players as well as unorganized sector. Some major players in the industry are, Clariant, Lanxess AG, BASF SE, Israel Chemical Ltd, Eastman chemical company Elementis PLC, Solvay S.A., Akzo Nobel N.V., Ashland Inc., Lakeland Laboratories Ltd., Daihachi chemical company.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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