APAC phosphate esters market to register significant growth over 2019-2025
Publisher : Fractovia | Published Date : 2019-07-17Request Sample
Owing to an increasing demand for non-halogenated phosphorus esters in a plethora of industrial sectors, phosphate esters market is projected to witness a steady rate of growth in forthcoming years. Surging use of this chemical compounds as surfactants in detergents and cleansing products is likely to accelerate product demand over the years ahead.
Ester phosphates are primarily generated through cleanroom construction materials and are typically utilized as fire retardants. According to the Agency of Toxic Substances and Disease Registry, the phosphate ester flame retardants can be easily combined with HEPA gels such as foam, sealants as well as other construction materials to lower their flammability quotient.
U.S. phosphate esters market size, by application, 2014 – 2025 (USD Million)
Considering the highly-profitable nature of the global construction industry, phosphate esters market outlook is projected to draw in lucrative growth from the construction sector over the coming years.
Phosphate esters are extremely versatile surfactants that offer an extensive range of properties and addresses a plethora of applications. Phosphate esters (organophosphate) are also highly-competent hydrotropes and effective coupling agents that provide outstanding emulsification, wetting, and detergency.
Owing to wide range of properties, phosphate esters find application scope across textile auxiliaries, emulsion polymerization, metal finishing, and maintenance chemicals, ensuring high demand for the substance and sustainable growth for the phosphate esters industry share in coming years.
As organophosphates are extremely stable when stored in high-level concentrations of alkali and are specifically useful in maintenance and household cleaning surfactants, where the demand for active heavy-duty products are high. Surfactants are specifically added to detergents to effectively remove dirt from clothes, skin, and other household accessories that are particularly present in bathrooms and kitchens.
According to CESIO, surfactants also witness high demand in personal care products, cosmetics, and pharmaceuticals, all of which boast of exponential growth in today’s consumer-driven market landscape. This growth is further slated to translate into major business opportunities for the phosphate esters market trends.
While detergents and other consumer products would be presenting a major source of revenue for the organophosphates market, the prolific global agrochemical industry is slated to emerge as another prominent revenue provider for the market in forthcoming years. Considering the exponentially increasing level of the world’s population and the growing unevenness of weather patterns, supporting the safety and growth of crops and plants has become highly imperative. As a result, the phosphate esters market growth through agrochemicals is estimated to be substantial over the coming years.
From a regional perspective, forecasts suggest that the Asia Pacific would be the prominent phosphate esters market growth avenue in the world owing to the expansion of agrochemical industry. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), India, Japan and China are counted among the world’s top four agrochemical producers, massively propelling APAC phosphate esters market outlook.
India, particularly, is expected to drive the phosphate esters market through its agrochemicals industry over the forecast timeframe. India ranks as the world’s fourth largest producer of agrochemicals after U.S, Japan, and China. Moreover, as agriculture is one of the country’s foremost industrial sectors, the phosphate esters industry would be finding an ideal growth environment in the country.
Driven by high-demand for product across consumer sectors, forecasts estimate that the growth graph of the phosphate esters industry would be depicting sizable gains over the coming years. In fact, according to a research report by Global Market Insights, Inc., phosphate esters market size is slated to surpass an overall valuation of $3 billion by 2025.
