PDF - Phosphate Esters Market

Phosphate Esters Market to grow at 8% CAGR up to
2025: Global Market Insights Inc.
Phosphate Ester Market to surpass USD 3 billion by 2025; driven by growth in
aerospace industry in developed nations. Phosphate ester market is witnessing
steady growth from Asia Pacific and North America due to increased use of nonhalogenated
phosphorus esters in numerous industrial applications. The escalating
number of property renovation projects and modern construction systems in the
region will further stimulate the demand for the product. The major benefit of
phosphate esters is their intrinsic fire retarding property which is largely required in
formidable applications such as plastic, PVC, film & cables to improve the behavior
of plasticized polymers.
Triaryl phosphates such as alkyl diaryl phosphates and triphenyl phosphate are two
major class of this type of plasticizers. Phosphate esters used in PVC as flame
retardant compliments the production of household products. Employment of these
esters as fire resistant hydraulic fluid leads to a widespread utility in industries
operating hydraulic systems such as excavators, aircraft carriers, hydraulic brakes,
power steering systems, aircraft flight control system, lifts, turbines and compressors
etc. Dibutyl phenyl phosphate is solely used as an aircraft hydraulic fluid and
trixylenyl phosphate is utilized exclusively in the formation of industrial hydraulic
fluids. Therefore, increasing usage of the product as a base stock substrate will
propel phosphate ester market in coming years.
Phosphate Esters Market
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Stringent regulatory compliances related to the toxicity of the product used as
pesticides and fertilizers and development of cost-effective alternatives to the
product is expected to hinder the progress of the phosphate ester market in the near
future. Moreover, development of bio-based esters will likely generate lucrative
opportunities during the forecast timespan.
U.S. phosphate esters market size, by application, 2014 – 2025 (USD Million)
Browse key industry insights spread across 242 pages with 341 market data tables & 23
figures & charts from the report, “Phosphate Esters Market Size, By Type (Triaryl
Phosphate Ester, Trialkyl Phosphate Ester, Alkyl Aryl Phosphate Ester), By
Application (Surfactants, Fire Retardants, Lubricants, Agrochemicals, Plasticizers,
Hydraulic Fluids), Industry Analysis Report, Regional Outlook (U.S., Canada,
Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia,
Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait),
Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in
detail along with the table of contents: https://bit.ly/2PSgYy5
With over 40% of the industry share triaryl phosphate ester will foresee growth at a
significant pace due to its huge acceptance as a synthetic polyolester base stocks
owing to their excellent oxidation stability and good anti-wear properties. The trialkyl
phosphate ester market size will reach over USD 400 million by the end of 2025,
owing to its rising usage as rust & corrosion inhibitors. Trialkyl phosphate esters are
composed as an anti-wear, emulsifying, and antifoaming agents in machinery as
engine oils, compressor oils, gear oils, and piston oils. These lubricants are also
used as cutting fluids in many industries.
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Based on volume, fire retardant segment captured over 20% of the phosphate ester
market share in 2017. The hydraulic fluid segment is poised to exceed USD 500
million by 2025. The miniaturization trend and fusion prototype sighted in industrial
and consumer goods might create an assembly confront. Phosphate ester hydraulic
fluids are primarily used in industries where a significant fire hazard would exist if a
rupture would occur in a hydraulic line. For example, its plays a vital role in aircraft
carriers in aircraft catapult systems, flight deck elevators, steel mill equipment such
as hydraulic doors on blast furnaces, control fluid for steam turbines for electricity
generation.
Based on volume, North America driven by the U.S. will exhibit CAGR of over 7.5%.
The regional triaryl phosphate ester market will capture close to USD 350 million by
the end of forecast timespan. Moreover, huge expenditure in research & innovation
and high technology industrial equipment in U.S. will augment the market growth by
2025.
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.
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Industry Coverage
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