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Phosphate esters are a class of organophosphorus compounds which are considered as phosphoric acid esters. These are effective coupling agents and hydrotropes with excellent emulsification, detergency and wetting properties. They also find application in metalworking fluids owing to corrosion prevention along with load carrying properties. In addition, its lubricating properties makes it suitable for water based lubricants and metal working fluids. These factors would drive phosphate esters market growth.
Rapid urbanisation has led to acceptance for modern lifestyle supported by large variety of products available in soaps & detergent and cleaning products will promote phosphate esters demand in cleaning products. These esters are versatile surfactants with high stability and solubility in their alkaline state.
Incorporation of phosphate esters in the copolymer chain to improve toughness, stability and adhesion in architectural and industrial coatings will favour product demand. Recent developments in construction, automotive, marine and aviation industry have promoted innovative uses for phosphate esters. Development of bio based esters is anticipated to witness industry growth.
However, phosphate esters incur high production costs, raw material supply shortage and are considered toxic to human and animal life. Regulatory bodies have been monitoring phosphate esters harmful effects on microbes, animal and humans which will restrict industry growth.
The report analyses the global phosphate esters market based on product, application, and geography
Various product studied are segmented into triaryl phosphate esters, alkyl aryl phosphate esters, trialkyl phosphate esters. Triaryl phosphate esters have extensive application in fire resistant and antifoaming properties hydraulic fluids mainly for hydraulic brakes, air flight control system and power steering systems. Moreover, large application scope in circuit boards, fabric coating, textiles, flooring, PVC and phenolic resin is likely to stimulate industry growth.
Furthermore, the major application considered in the study is surfactants, fire retardants, lubricants, agrochemicals, plasticizers, hydraulic fluids. Phosphate esters possess fire resistant properties which highly required in demand application of plasticised polymers. Aromatic phosphates esters are used in PVC, thermosets, rubbers, and TPU. In PVC application phosphate esters provides low temperature performance and good gelling behaviour. Growing demand for plasticizer with good fire resistant properties including automotive, electronics and aerospace is likely to drive phosphate esters demand thus, propelling phosphate esters market size.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World.
Asia Pacific phosphate esters market may observe robust gains owing to rapid industrial expansion in China and India supported by many major industries shifting their manufacturing bases to these countries owing to high availability of raw material along with low cost labour will boost regional market growth. In addition growing demand for plastics and polymer supported by surging agrochemicals industry will further drive regional product demand.
The key players in the bioplastic textiles market share are Lanxess AG, Akzo Nobel N.V., Elementis PLC, Solvay S.A., Exxon Mobil Corporation, Eastman Chemical Company, Ashland Inc., Castrol Limited, Stepan Company, DOW Chemical Company Croda International PLC, Israel Chemicals Ltd., BASF SE, Custom Synthesis, LLC, Colonial Chemical, Inc.,Clariant, Kao Corporation
The report analyses the global phosphate esters market based on product, application, and geography. Various product studied are segmented into triaryl phosphate esters, alkyl aryl phosphate esters, trialkyl phosphate esters. Furthermore, the major application considered in the study is surfactants, fire retardants, lubricants, agrochemicals, plasticizers, hydraulic fluids.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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