The global phosphate esters market was valued at USD 843.9million in 2016 and is projected to reach USD 1629.3million by 2025, growing at a CAGR of 6.8% from 2017 to 2025.
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Phosphate esters are expected to be used heavily in end-use industries as they can be tri-substitutes and tertiary substituted. The substitution ability is driving the demand for these products in end-use industries. Tri-aryl phosphate esters which are used in the manufacturing of fire retardants and hydraulic fluids is the major product segment.
1. Market Drivers
1.1 Growing emphasis on safety
1.2 Growing application in end-use industries
2. Market Restraints
2.1 Production of cost effective fire retardants
2.2 Rise in prices of raw materials
The global phosphate esters marketis segmented on the basis of product, application, and region.
1. Global Phosphate Esters Market, by Product:
1.1 Trialkyl phosphate esters
1.2 Triaryl phosphate esters
1.3 Alkyl aryl phosphate esters
2. Global Phosphate Esters Market, by Application:
2.2 Fire Retardants
2.5 Hydraulic Fluids
2.6 Paints & Coatings
3. Global Phosphate Esters Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
4. BASF SE
5. Adeka Corporation
7. Milliken Chemical
8. 3V Sigma Spa
9. Everlight Chemical Industrial Co.
10. Sabo Spa
11. Mayzo Inc.
12. Apexical Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the phosphate esters market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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