May 2, 2019

Phosphate ester market is projected to reach USD 1,179.8 Million by 2022

Phosphate Ester Market Size and Growth Rate:

Phosphate ester market is accelerated to have huge growth opportunities in the foreseen period and it 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.

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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.

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Phosphate Ester Market Regional Analysis:

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.

List of Key Companies operating in the Phosphate Ester Market profiled in the report are:

·        Lanxess AG (Germany)

·        Elementis plc (UK)

·        Akzo Nobel N.V. (Netherlands)

·        Solvay S.A. (Belgium)

·        Exxon Mobil Corporation (US)

·        Ashland Inc. (US)

·        Stepan Company (US)

Detailed Segmentation of the Phosphate Ester Market:

Phosphate Ester Market – Type

  • Introduction
  • Triaryl Phosphate Esters
  • Alkyl Aryl Phosphate Esters
  • Trialkyl Phosphate Esters
  • Others

Phosphate Ester Market – Application

  • Introduction
  • Lubricants
  • Fire Retardants
  • Surfactants
  • Hydraulic Fluids
  • Paints & Coatings
  • Plasticizers
  • Pesticides
  • Others

Phosphate Ester Market – Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and America

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