Phosphate Esters Market Outlook 2025 | Asia Pacific to Showcase Exponential Growth
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-20
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Phosphate Esters Market Outlook 2025 | Asia Pacific to Showcase Exponential Growth

Owing to an increasing demand for non-halogenated phosphorus esters in a plethora of industrial sectors, phosphate esters market is projected to witness a steady rate of growth in forthcoming years. Surging use of this chemical compounds as surfactants in detergents and cleansing products is likely to accelerate product demand over the years ahead.

Ester phosphates are primarily generated through cleanroom construction materials and are typically utilized as fire retardants. According to the Agency of Toxic Substances and Disease Registry, the phosphate ester flame retardants can be easily combined with HEPA gels such as foam, sealants as well as other construction materials to lower their flammability quotient.

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Growth Drivers are

  1. Growth in aerospace industry in developed nations
  2. Steady growth in industrialization in APAC

Endowed with a wide application spectrum, the growth prospects of the global phosphate esters market have been witnessing an upsurge in the recent years. The wide range of structures and links of phosphate esters that can be developed to adapt to specific applications and functional properties have in turn resulted into wide range of commercially valuable products. With the globally flourishing agricultural and construction industries, the demand for phosphate esters as a raw material in surfactants, agrochemicals, lubricants, fire retardants, and plasticizers have significantly favored this business sphere.

The agrochemical application segment is further likely to gain traction, given the rising demand for nitrogen and phosphate based fertilizers. In the recent years, aromatic phosphate esters are witnessing remarkable demand as adjuvants in compositions for agrochemical use in combination with at least one surfactant and agrochemical. Another prominent factor that has strongly propel the agrochemical application segment is the increasing consolidation of the agrochemical industry players.

By Application,

  • Surfactants
  • Fire Retardants
  • Lubricants
  • Agrochemicals
  • Plasticizers
  • Hydraulic fluids
  • Others

From a regional perspective, forecasts suggest that the Asia Pacific would be the prominent phosphate esters market growth avenue in the world owing to the expansion of agrochemical industry. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), India, Japan and China are counted among the world’s top four agrochemical producers, massively propelling APAC phosphate esters market outlook.

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In terms of volume, with U.S. at its foray, North America phosphate ester market is anticipated to register a CAGR of 7.5% over 2017-2025. The massive investment in research and development in industrial equipment and manufacturing components, particularly in the U.S., is poised to accelerate the regional industry expansion in the ensuing years. 

BASF SE, Lanxess AG, Israel Chemical Ltd, Solvay S.A., Lakeland Laboratories Ltd., Ashland Inc., Daihachi chemical company, Akzo Nobel N.V., and Elementis PLC are some of the other prominent companies operating the global phosphate ester market.

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About Author

Rahul Sankrityayan

Email: [email protected]   

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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