Press release
Phosphate Ester Market is projected to reach USD 1,179.8 Million by 2022 | Key Market Players are BASF SE, Israel Chemical Ltd, Clariant, Eastman chemical company, Lanxess AG, Elementis PLC, Akzo Nobel N.V. and Solvay S.A.
Phosphate Ester 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.
Browse details of 193 number 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 Overview:
Phosphate ester is an organ phosphorous compound and can refer to esters of an unobserved tautomer phosphoric acid. The phosphorous ester is synthesized from the phosphorous tri-chloride with an alcohol. The phosphate ester in made in chemistry laboratories with care. The compound easily co-ordinates with the different metal ions which include trimethylphosphite ((MeO)3P), triethylphosphite ((EtO)3P), trimethylolpropane phosphite, and triphenylphosphite ((PhO)3P). Structurally, the phosphate ester is somehow related to the phospine ligand family. In medical sector, the phosphate ester has many applications especially in maintaining hospitals clean and to avoid infections for the patients.
Phosphate Ester Market Growth Drivers and Restraints:
The rise in the capital income along with growing population and their needs is particularly bolstering the demand of the market. The increased utilization of the non-halogenated phosphorous esters in applications like lubricants and paints & coatings are outshining the demand of the market to the extent.
However, fluctuations in the availability of the raw materials are slowly declining the demand of the market. Lack of skilled technicians in the laboratories to manage the whole process in an effective way is considered as challenging factor for the market developers.
The growing prevalence for the applications of fire retardants and also pesticides are leveraging the growth opportunities for the market. The increased demand for the plasticized polymers in various sectors is also impacting positive growth of the market. Chlorine and thermosetting plastics are lavishing the growth of the market with good behavior and low temperature performance is fueling the demand of this market.
Geographical Analysis of Phosphate Ester Market:
Geographically, the market is segmented into North America, Asia pacific, Europe and Middle East & Africa. Asia Pacific is witnessed to have huge growth opportunities with the increased sales of light weight products and also growth in paints & coatings sector. Following Asia Pacific, North America is holding the highest shares of the market owing to adoption of advanced technology in manufacturing innovative kind of products. Europe is anticipated to have dominant shares in the near future with increased applications in fire retardant sector. Middle East & Africa are projected to have inclined growth rate in the foreseen years.
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Key Players of Phosphate Ester Market:
Companies like BASF SE, Israel Chemical Ltd, Clariant, Eastman chemical company, Lanxess AG, Elementis PLC, Akzo Nobel N.V., Solvay S.A., Ashland Inc., Daihachi chemical company, Lakeland Laboratories Ltd are playing major role in accounting huge shares in the phosphate ester market.
Phosphate Ester Market Segmentation:
By Type:
• Triaryl Phosphate Esters
• Alkyl Aryl Phosphate Esters
• Trialkyl Phosphate Esters
By Application:
• Lubricants
• Fire Retardants
• Surfactants
• Hydraulic Fluids
• Paints & Coatings
• Plasticizers
• Pesticides
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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Research Cosmos
www.researchcosmos.com
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