Phosphate Ester Market, by Type (Triaryl Phosphate Esters, Trialkyl Phosphate Esters, Alkyl Aryl Phosphate Esters, Others), Application (Lubricants, Fire Retardants, Surfactants, Hydraulic Fluids, Paints & Coating, Plasticizers, Pesticides, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
Phosphate esters are esters of phosphoric acid which is a major chemical used in production of insecticides, and herbicides. However, government in several countries have developed stringent policies to protect the environment as it is found that phosphate esters are highly toxic to bees, wildlife and even humans.
In addition, phosphate esters are also widely used in solvents, lubricants, and paints. They are also part of the production of plasticizers such as polyurethane foams, wherein the esters provide good gelling behavior, low-temperature performance, and efficient insulation.
Increase in awareness regarding the benefits of using phosphate esters is creating a scope for growth of the market. This report studies the current and future aspects of the phosphate ester market.
The report on the global Phosphate ester market uses the to…tom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.
It also focuses on the growth drivers and restraints for the key market players during the forecast period.
The global phosphate ester market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia Pacific region holds the highest market share and is the largest revenue contributor of the phosphate ester market.
The region continues to dominate the global market during the forecasted period because of increased level of industrialization. Moreover, there is a rise in demand for phosphate esters in emerging economies like India and China which is boosting the market growth further.
China is also the major producer of phosphate ester, due to which the Asia-Pacific region shall dominate the global phosphate ester market, for years to come.
This report analyzes the phosphate ester market by the following segments:
- Phosphate Ester Market, by Type
- Triaryl Phosphate Esters
- Trialkyl Phosphate Esters
- Alkyl Aryl Phosphate Esters
- Phosphate Ester Market, by Application
- Fire Retardants
- Hydraulic Fluids
- Paints & Coating
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