Phosphate Esters Market Report, By Product (Triaryl Phosphate Esters, Alkyl Aryl Phosphate Esters, Trialkyl Phosphate Esters), Application (Surfactants, Fire Retardants, Lubricants, Agrochemicals, Plasticizers, Hydraulic fluids) and Geography - Global Market Share, Trend Analysis & Forecast

Phosphate esters are orthophosphoric acid or organophosphorus compounds organic salts including diester, monoester, free phosphoric acid and free non-ionic material.  These esters exhibits high performance in various industrial application ranges owing to their use as antistatic agent, emulsifiers, dispersing agents, anti-static agents and use in extreme pressure additives for metalworking fluids. 

Phosphate Esters Market Trends 

• Growing demand for phosphate esters as growth regulators in agrochemicals including herbicides, pesticides and fungicides is likely to promote industry growth. Recent developments pertaining to usage of aromatic phosphate esters in agro chemicals will further simulate industry growth 
• Increase in product usage as fire resistant base stock in various applications such as compressors, hydraulic systems and turbines owing to their high ignition temperature, low pressure vapors, oxidation stability and low heat of combustion in self-extinguishing fluids
• Rapid innovation in developing bio based esters will propel the industry growth. However, raw material supply and cost concerns might  have negative impact on industry  

Phosphate Esters Market COVID-19 Impact

The report provides market estimation & forecast for global bioplastic textiles market considering economic conditions during COVID 19 pandemic. Study impact of COVID 19 on market value with holistic approach considering both supply and demand side of the market. Macro and Micro economic factors analysis pertaining to economic policies, GDP and international trade changed due to COVID 19. After COVID 19 scenarios with coping strategies adopted by the major market players

Phosphate Esters Market Regional Highlights

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 includes Latin America and Middle East & Africa. 

Asia Pacific dominated phosphate esters market in 2019. Asia Pacific led by India, China is an emerging region in phosphate esters market which dominated the market share and will continue its dominance in coming years. Robust industrial development in emerging economies owing to high investments in end use industries including construction, textile, aerospace & defence, and oil & gas industries will favour regional industry growth.  Shift in manufacturing capabilities in Indonesia, Thailand, China and India owing to availability of skilled labour and raw material will further propel industry growth in this region. 

Phosphate Esters Market Segmental Overview

• 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 may dominates product segment owing to its increasing usage in hydraulic fluids owing to anti-foaming properties which is further used in aircraft fight control, hydraulic brakes, power steering systems. It also finds application in fire retardants due to self-extinguishing properties 
• Furthermore, the major application considered in the study is surfactants, fire retardants, lubricants, agrochemicals, plasticizers, hydraulic fluids.

Phosphate Esters Market Competitor Analysis

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.