Phosphate Esters Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Phosphate Esters Market Analysis
The phosphate esters market is expected to grow at a CAGR of over 6% during the forecast period. Major factor driving the market studied is growing demand of phosphate esters as fire retardants. On the flip side, government restrictions on usage of phosphate esters in food and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Growing demand of phosphate esters as agrochemical additives is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Phosphate esters from fire retardant application is expected to dominate the market studied over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Phosphate Esters Market Trends
This section covers the major market trends shaping the Phosphate Esters Market according to our research experts:
Growing Demand of Phosphate esters as Fire Retardants
- Phosphate esters are natural esters that, when utilized with carefully chosen added substances, give a gathering of manufactured liquids that can be utilized where fire resistance is required.
- Phosphate esters are the most fire resistant of the non-aqueous synthetic basestocks in common use. Their high ignition temperatures, excellent oxidation stability and very low vapor pressures make them difficult to burn.
- Phosphate esters are added to consumer and industrial products in order to reduce flammability and used in plasticizers, hydraulic fluids, solvents, extraction agents, antifoam agents, and coatings for electronics.
- Additionally phosphate esters can be used in spray dried, powder blended and liquid laundry detergents as low foaming detergent/hydrotropes
- Various fire standards around the world increases demand for flame retardants. In Europe, all materials for building and construction have to meet the fire requirements according to EN 13501.
- Hence, owing to the above-mentioned factors, the application of phosphate esters from fire retardants application is likely to dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for phosphate esters during the forecast period. The rising demand of phosphate esters from Fire Retardants and growing application as surfactants in developing countries like China, Japan and India is expected to drive the demand for phosphate esters in this region.
- The largest producers of phosphate esters are located in Asia-Pacific region. Some of the leading companies in the production of phosphate esters are LANXESS Deutschland GmbH, Exxon Mobil Corporation, Solvay, Eastman Chemical Company, and Dow among others.
- According to China statistical yearbooks, the construction industry has contributed considerably to China's economic development and the urbanization process and the gross output of the construction industry in China has increased from USD $0.21765 trillion to USD $2.902 trillion dollars which in turn boosts the demand for phosphate esters as flame retardants.
- Increasing demand of surfactants in countries like India and China with rising population and GDP boosts the demand of phosphate ester from surfactants.
- Owing to the above-mentioned factors, the market for phosphate esters in the Asia-Pacific region is projected to grow significantly during the study period.
Phosphate Esters Industry Overview
The global phosphate esters market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are LANXESS Deutschland GmbH, Exxon Mobil Corporation, Solvay, Eastman Chemical Company, and Dow among others.
Phosphate Esters Market Leaders
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LANXESS Deutschland GmbH
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Exxon Mobil Corporation
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Solvay
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Eastman Chemical Company
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Dow
*Disclaimer: Major Players sorted in no particular order
Phosphate Esters Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand of Phosphate Esters as Fire Retardants
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Government Restrictions on Usage of Phosphate Esters in Food
- 4.2.2 Impact of COVID - 19
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Triaryl Phosphate Esters
- 5.1.2 Trialkyl Phosphate Esters
- 5.1.3 Alkyl Aryl Phosphate Ester
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5.2 Base Material
- 5.2.1 Alcohol Based
- 5.2.2 Ethoxylated Alcohol Based
- 5.2.3 Ethoxylated Phenol Based
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5.3 Application
- 5.3.1 Fire Retardants
- 5.3.2 Lubricants
- 5.3.3 Pesticides
- 5.3.4 Surfactants
- 5.3.5 Oil Field Chemical
- 5.3.6 Others
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Ashland
- 6.4.2 CASTROL LIMITED
- 6.4.3 Chempri B.V.
- 6.4.4 Croda International Plc
- 6.4.5 Dow
- 6.4.6 Eastman Chemical Company
- 6.4.7 Ethox Chemicals, LLC
- 6.4.8 Exxon Mobil Corporation
- 6.4.9 Kao Corporation
- 6.4.10 Lakeland Laboratories Limited
- 6.4.11 LANXESS Deutschland GmbH
- 6.4.12 Solvay
- 6.4.13 Stepan Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand of Phosphate Esters as Agrochemical Additives
- 7.2 Other Opportunities
Phosphate Esters Industry Segmentation
The phosphate esters market report includes:
| Type | Triaryl Phosphate Esters | |
| Trialkyl Phosphate Esters | ||
| Alkyl Aryl Phosphate Ester | ||
| Base Material | Alcohol Based | |
| Ethoxylated Alcohol Based | ||
| Ethoxylated Phenol Based | ||
| Application | Fire Retardants | |
| Lubricants | ||
| Pesticides | ||
| Surfactants | ||
| Oil Field Chemical | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Phosphate Esters Market Research FAQs
What is the current Phosphate Esters Market size?
The Phosphate Esters Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Phosphate Esters Market?
LANXESS Deutschland GmbH, Exxon Mobil Corporation, Solvay, Eastman Chemical Company and Dow are the major companies operating in the Phosphate Esters Market.
Which is the fastest growing region in Phosphate Esters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Phosphate Esters Market?
In 2024, the Asia Pacific accounts for the largest market share in Phosphate Esters Market.
What years does this Phosphate Esters Market cover?
The report covers the Phosphate Esters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Phosphate Esters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Phosphate Esters Industry Report
Statistics for the 2024 Phosphate Esters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Phosphate Esters analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
