Phosphate esters are organic salts of orthophosphoric acid or organophosphorus compounds. They are active anionic surfactants, which are produced as free acids. The molecular formula of phosphate esters is O=P(OH)3. Triaryl, trialkyl, or aryl alkyl phosphates are some of the examples of phosphate esters. Phosphate esters can be categorized into natural and synthetic, depending on raw materials used in their production. Phosphate esters produced from cresylic acid, which is derived from coal tar, are called natural phosphate esters. Examples of natural phosphate esters include tricresyl or trixylenyl phosphate. Synthetic phosphate esters are obtained from phenolics derived from other processes.
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Isopropylphenyl diphenyl phosphate, and tertiary butylphenyl phosphate are the examples of synthetic phosphate esters. Phosphate esters can be produced as monoesters or diesters or a mixture of both. Monoesters are a result of reaction between polyphosphoric acid and either of alcohol, alcohol ethoxylates, or phenyl ethoxylates. Mixture of monoesters and diesters can be obtained by the reaction of alcohol or alcohol ethoxylates, or phenyl ethoxylates with phosphorus pentoxide. Phosphate esters can be used in various applications. They are considered among the most versatile surfactants. Phosphate esters possess numerous advantages over other surfactants. Their stability and solubility in alkali state is the major advantage. They are also excellent hydrotropes and coupling agents, and offer high ignition temperatures and excellent oxidation stability. These are some of the other advantages of phosphate esters.
They are used in various applications including emulsion polymerization, textile auxiliaries, maintenance chemicals, and metal finishing. Phosphate esters are widely employed in industrial applications in the production of specialized chemicals due to their unique properties. They are used to manufacture many products used in household cleaning applications such as detergents. However, the systems and processes employing phosphate esters usually entail high maintenance as compared to other conventional mineral fluids. Thus, there always exists the need to substitute phosphate esters in order to lower maintenance costs.
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In terms of end-use industry, the phosphate esters market can be segmented into cleaning & detergent, polymer & plastics, textile & leather, agrochemicals, oil & gas, metalworking fluids, and others. The polymer & plastics segment dominates the market in terms of use of phosphate esters, owing to its excellent fire resistant and self-extinguishing properties. The segment is anticipated to continue its dominance during the forecast period, owing to the growth of the plastic industry and increase in usage of plastics in various applications. The agrochemicals segment also accounts for key share of the phosphate esters market. It is estimated to expand at a steady pace during the forecast period. Phosphate esters are majorly used in the polymer & plastics industry. However, stringent regulations & policies related to plastic manufacturing may hamper the plastic & polymer segment in the near future. This, in turn, is anticipated to be a restraint for market growth.
In terms of geography, the phosphate esters market can be divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific leads the phosphate esters market. It is likely to continue its dominance during the forecast period. Growth in end-use industries of phosphate esters in Asia Pacific is projected to fuel the demand for phosphate esters in the region. Demand for plastics and polymers in developing countries such as China and India in Asia Pacific has been increasing continuously due to the industrial, economic, and infrastructural development in these countries. Furthermore, Asia Pacific is one of the highly attractive and rapidly growing markets for agrochemicals. This is also augmenting the demand for phosphate esters in the region.
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Major players operating in the global phosphate esters market include Lanxess AG, Akzo Nobel N.V., Exxon Mobil Corporation, Solvay S.A., Ashland Inc., Elementis plc, and Stepan Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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