The new report by Expert Market Research titled, ‘Global Phosphate Ester Market Size, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global phosphate ester market, assessing the market based on its segments like type, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 6%
The Asia Pacific was a big marketplace for phosphate ester and is predicted to continue its dominance within the forecast period. Growth in end-use industries of phosphate ester within the Asia Pacific is projected to fuel the demand for the merchandise within the region. The rising demand for plastics and polymers in developing countries like China, India, Vietnam, Thailand, and Indonesia within the Asia Pacific thanks to economic and infrastructural development within these countries has further catalysed the market growth in the region.
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Industry Definition and Major Segments
Phosphate ester (or organophosphate) may be a class of organophosphorus compounds that are a posh mixture of monoester, diester, free phosphoric acid, and free nonionic material. It’s also referred to as an ester of orthophosphoric acid. It’s a lively anionic surfactant, which is produced as free acids.
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On the basis of application, the industry is divided into:
Lubricants
Fire Retardants
Surfactants
Hydraulic Fluids
Paints and Coatings
Plasticisers
Pesticides
Others
On the basis of type, the industry is divided into:
Triaryl Phosphate Esters
Alkyl Aryl Phosphate Esters
Trialkyl Phosphate Esters
Others
The regional markets for phosphate ester include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The global phosphate ester market is driven by increasing applicability in surfactants and fireside retardancy. It’s used as a fire-resistant base in several applications, including turbines, hydraulic systems, and compressors. Recent developments within the automotive industry, booming construction sector, and therefore the stable growth of the aviation and marine industries have propelled the expansion of the industry.
Flourishing infrastructural and agricultural developments and therefore the growing installation of industrial plants within the developing markets are further catalysing the market growth. Steadily growing GDPs, combined with rising per capita income of people in developing nations, are contributing to the expansion of the phosphate ester industry.
Key Market Players
The major players in the market are BASF SE, Dow Chemical Company, Exxon Mobil Corporation, Stepan Company, Solvay SA, Ashland Global Holdings Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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