Chemtura Corporation (U.S.) is one of the leading producers of butylated triphenyl phosphate Market
- Research Industry
- Mar 11, 2019
- 2 min read
The global butylated triphenyl phosphate market is projected to reach USD 30.7 million by 2026, at a CAGR of 4.8% from 2016 to 2026. Growth in this market is mainly attributed to the increasing demand for synthetic esters from lubricants, hydraulic fluids, flame retardants, and other applications.
Butylated triphenyl phosphates are widely used in the automotive industry as hydraulic fluids, and lubricants. Thus, increase in automobile production is expected to increase the demand for lubricants, which is in turn is expected to drive the global butylated triphenyl phosphate market during the forecast period.
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The global butylated triphenyl phosphate market has been segmented on the basis of application and region. On the basis of application, the market has been segmented into hydraulic fluids, lubricants, flame retardants, and others. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The flame retardants application segment is anticipated to grow at the highest CAGR during the forecast period, owing to the increasing use of butylated triphenyl phosphate as a flame retardant additive in polymers. In addition, the increasing use of plastics for high temperature applications is anticipated to increase the demand for butylated triphenyl phosphate in the flame retardants application segment.
The Latin American butylated triphenyl phosphate market is expected to grow at the highest CAGR from 2016 to 2026. The Latin American market includes countries such as, Brazil and the rest of Latin America. The market in this region is witnessing increased consumption of butylated triphenyl phosphate from the lubricants and hydraulic fluid application segments.
Factors contributing to the growth of this market in the Latin American region are the increasing demand for butylated triphenyl phosphate from Brazil and investments made in varied end-use industries, such as automotive and construction.
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The major market players covered in the report are Chemtura Corporation (U.S.), Israel Chemicals Ltd. (Israel), Lanxess AG (Germany), PCC Rokita S.A. (Poland), ROCOL (Division of ITW Inc.) (U.K.), Mattei Compressors Ltd (U.K.), and Chemwill Asia co., Ltd (China).
Chemtura Corporation (U.S.) is one of the leading producers of butylated triphenyl phosphate. The company focuses on strengthening its distribution channel to strengthen its position in the global butylated triphenyl phosphate market.
Israel Chemicals Ltd. (Israel) is another major player in the global butylated triphenyl phosphate market. The company has a strong customer retention rate and offers products that offer better temperature resistance and high viscosity.
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