PUNE, India, February 3, 2016 /PRNewswire/ --
The report "Phosphate Esters Market by Type (Triaryl/Alkyl Aryl Phosphate Esters, Trialkyl Phosphate Esters, Bisphosphates), by Application (Lubricants, Surfactants, Pesticides, Fire Etardants, Hydraulic Fluids, Plasticizers, Paints & Coatings, Others), by Region (North America, Europe, Asia-Pacific, Row) - Global Forecast to 2020", published by MarketsandMarkets , The Global Phosphate Esters 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.
Browse 64 market data Tables and 20 Figures spread through 307 Pages and in-depth TOC on "Phosphate Esters Market"
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Lubricants segment is the largest application segment
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.
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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.
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