LONDON, May 23, 2016 /PRNewswire/ -- The global phosphate esters market is projected to reach USD 1,018.8 million by 2020, growing at a CAGR of 6.9% between 2015 and 2020. The increasing demand of phosphate esters in applications, such as lubricants, pesticides, surfactants, fire retardants, hydraulic fluids, paints & coatings, and others drives the phosphate esters market. The usage of non-halogenated phosphorous esters and flame retardants are also the driving factors for this market.
Lubricants application segment is the largest application segment
Lubricants and surfactants are two major applications of phosphate esters. The lubricants segment is expected to register the highest CAGR during the forecast period.
Asia-Pacific is the largest geographical segment
Asia-Pacific is the global leader in the consumption of phosphate ester and this dominance is expected to continue till 2020. China, Japan, and India are the key countries in this region, consuming more than 75% of the demand for phosphate ester in Asia-Pacific. The Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020 owing to increase in total disposable income and rising number of vehicle production YoY in this region.
Break-up of profile of primary participants for the report:
- By Company Type - Tier 1 – 50 %, Tier 2 – 13% and Tier 3 – 37%
- By Designation – C level – 50%, Director level – 31%, Others – 19%
- By Region – North America - 38%, Europe – 36%, APAC – 25%, RoW – 6%
This study estimates the market value for phosphate esters during the forecast period (2015 to 2020). As a part of quantitative analysis, the study segments the market by the different application of phosphate esters at country level, with the current market estimation and forecast till 2020. Major countries covered in this report include China, Japan, India, Brazil, Germany, France, Italy, Canada, Mexico, and the U.S. Similarly, by application this market is classified into interior application, exterior application, and others.
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such Chemtura Corporation (U.S.), LANXESS (Germany), Exxon Mobil Corporation (U.S.), Akzo Nobel N.V. (Netherlands), and Castrol Limited (U.K).
With the given market data, MarketsandMarkets offers customizations as per the company's specific needs.
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This report covers the following key aspects:
- What will be the market size by 2020 and what will be the growth rate
- What are the key market trends
- What is driving this market
- What are the challenges that impact market growth
- Who are the key players in this market
- Global report covers key regions, such as North America, Europe, Asia-Pacific and RoW, with their major countries
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