Press release
Phosphate Ester Market Insights on Trends, Drivers and Opportunities by 2022 & key players Lanxess AG, Akzo Nobel NV, Exxon Mobil Corporation, Solvay SA, Ashland Inc., Elementis plc and Stepan Company.
According to our research report, the phosphate esters market is estimated to be USD 843.9 Million in 2017 and is projected to reach USD 1,179.8 Million by 2022, at a CAGR of 6.9% from 2017 to 2022
Phosphate Ester Market Overview:
Phosphate esters are mainly organic salts of orthophosphoric acid or organophosphorus compounds. The phosphate esters can be classified as natural and synthetic, depending on the raw materials used in their production. The esters produced from cresylic acid derived from coal tar are called natural phosphate esters.
Browse details of 193 numbers of pages research report developed on Phosphate Ester Market @ https://www.researchcosmos.com/reports/global-phosphate-ester-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7726272
Phosphate Ester Market Drivers and Restraints:
Growth in the global market is driven by growth in the automotive industry, advances in technology, increasing demand for coatings in the construction industry, and increasing demand for phosphate esters in the lubricants, personal care and cosmetics. The growth of the phosphate ester market is largely driven by strong demand for esters in lubricants used for a variety of purposes, including automotive, aviation, marine and industrial. These esters have many advantages over other surfactants. Its stability and its solubility in the alkaline state constitute its main advantage. They are also excellent hydrotropes and coupling agents, which offer high ignition temperatures and excellent oxidation stability. These are some of the other benefits of phosphate esters that are expected to drive the market in the years ahead.
However, fluctuations in commodity prices, uncertain global economic conditions and stringent environmental regulations are expected to hinder somewhat the growth of the global phosphate ester market.
The commercial adoption of bio-sourced esters, the increasing adoption of environmentally acceptable lubricants (EAL) and developing economies offer many growth opportunities for phosphate ester manufacturers.
The cleaning products and detergents, polymers and plastics, textiles and leather, agrochemicals, oil and gas, metalworking fluids, and so on are the prominent end-users of the world phosphate esters market.
Phosphate Ester Market Regional Analysis:
Geographically, the market can be divided into Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. Asia Pacific leads the phosphate ester market. It is likely that its domain will continue during the forecast period. The growth of the end-use industries in Asia-Pacific is projected to fuel demand for phosphate esters in the region. Demand for plastics and polymers in developing countries such as China and India in the Asia-Pacific has steadily increased due to the industrial, economic and infrastructural development of these countries.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-phosphate-ester-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7726272
Phosphate Ester Market Key Market Players:
The main players in the global phosphate ester market include Lanxess AG, Akzo Nobel NV, Exxon Mobil Corporation, Solvay SA, Ashland Inc., Elementis plc and Stepan Company.
Phosphate Ester Market Segmentation:
Type
• Introduction
• Triaryl Phosphate Esters
• Alkyl Aryl Phosphate Esters
• Trialkyl Phosphate Esters
• Others
Application
• Introduction
• Lubricants
• Fire Retardants
• Surfactants
• Hydraulic Fluids
• Paints & Coatings
• Plasticizers
• Pesticides
• Others
Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and America
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-phosphate-ester-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7726272
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world
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Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
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