Industry News

Global Phosphate Ester Market to Reach USD 1,018.8 Million by 2020: M&M

Published on 2016-02-05. Author : SpecialChem

The report "Phosphate Ester Market by Type (Triaryl/Alkyl Aryl Phosphate Esters, Trialkyl Phosphate Esters, Bisphosphates), by Application (Lubricants, Surfactants, Pesticides, Fire Retardants, Hydraulic Fluids, Plasticizers, Paints & Coatings, Others), by Region (North America, Europe, Asia-Pacific, Row) - Global Forecast to 2020", The global phosphate ester market was valued at USD 736.4 Million in 2014 and is projected to reach USD 1,018.8 Million by 2020, at a CAGR of 6.9% from 2015 to 2020.

Fig. 1: MarketsandMarkets

Among the applications, the lubricants application segment holds the largest share of the phosphate esters market. In terms of volume, this segment accounted for a share of 21.1% in 2014. Increased service implementation of longer drain interval oils, rise in the number of oil analysis practices, and improvement in the mechanical efficiency of commercial vehicles are factors responsible for growth of this segment.

Surfactants segment is the second-largest application segment

The surfactants application segment holds the second-largest share of the phosphate esters market. Increasing usage of surfactants in detergents that find application in industrial and institutional cleaning, is driving the global phosphate esters market.
Asia-Pacific is the largest geographical market segment

The phosphate esters market in Asia-Pacific accounted for the largest share of 55.5%, by volume, of the global phosphate esters market in 2014. The Asia-Pacific market is also expected to register the largest share by 2020 owing to the increasing production of automotive and components from developing countries, such as China, Japan, and India. Market players, such as Chemtura Corporation (U.S.), The Dow Chemical Company (U.S.), Exxon Mobil (U.S.), Castrol (U.K.), Akzo Nobel (Netherlands), Elementis Plc (U.K.),

LANXESS (Germany), and other global players are now expanding their reach into the Asia-Pacific market due to lucrative business opportunities in this region. The Rest of the World region accounted for a share of 7.7%, in terms of volume, in 2014.

An in-depth market analysis, in terms of revenue, of the top companies is also included in this report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts as well as key opinion leaders, such as CEOs, directors, and marketing executives. Some of the major players in this market are Chemtura Corporation (U.S.), The Dow Chemical Company (U.S.), Exxon Mobil (U.S.), Castrol (U.K.), Akzo Nobel (Netherlands), Elementis Plc (U.K.), and LANXESS (Germany).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. MarketsandMarkets specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.M&M's 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in its reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets

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