In a recent published report, Kenneth Research has updated the market report for Phosphate Esters Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Phosphate Esters Market products.
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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.
Market Definition:
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.
Sample Infographics:
Market Dynamics:
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
Market Segmentation:
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
1.4 Others
2. Global Phosphate Esters Market, by Application:
2.1 Lubricants
2.2 Fire Retardants
2.3 Surfactants
2.4 Plasticizers
2.5 Hydraulic Fluids
2.6 Paints & Coatings
2.7 Pesticides
2.8 Others
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
Competitive Landscape:
The major players in the market are as follows:
1. Songwon
2. Clariant
3. Solvay
4. BASF SE
5. Adeka Corporation
6. Addivant
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.
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.
Access Full Report here – https://www.kennethresearch.com/report-details/global-phosphate-esters-market/10008942
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