During the time of discovery of their excellent fire resistance and antiwear properties in the early 1940s, the employment of phosphate esters by various industry verticals has steadily increased over the time. Phosphate esters are generally used as fire resistant base stocks especially in applications such as turbines, hydraulic systems and compressors among others. The first commercially available phosphate ester product was synthesized from the derivatives of coal tar and is being consequently composed of a broad mixture of several isomeric aryl phosphates such as neurotoxic orthotolyl phosphate, etc. Currently, several other raw materials are being used for synthesis of phosphate esters. On the other hand, modern technology implies relatively better control on the manufacturing process as well as toxicity of final product is generally low as compared to other products. Phosphate esters are most commonly used fire resistant of the non-aqueous base stocks and synthetic materials in common use. High ignition temperatures of phosphate esters and their excellent oxidation stability as well as low vapor pressures make them difficult to burn whereas their low combustion heat result in the introduction of self extinguishing fluids. Several organic phosphorus materials including phosphonates, phosphates and phosphates have found several applications as additives in a wide variety of formulations of lubricant such as antiwear additives, stabilizers, metal passivators, antioxidants and extreme pressure additives. Out of these, the zinc dialkyl dithio phosphates are found in all the automotive engine lubricants which are the most rapidly used.
Phosphate esters are those compounds which are formed by replacement of hydrogen atoms of an acid by a hydrocarbon radical of the type of ethyl. Phosphate esters are also known as organo phosphates. Phosphate esters generally belong to a special class of anionic surface active agents. Although there are various other ester based fluids which are used in hydraulic fluids and lubricants, phosphate esters are extensively used due to their high performance as well as advantage related to safety over other products. Phosphate esters pose a wide number of industrial uses. The most fastest and prominent growing use of phosphate esters is in lubricants due to their excellent thermal stability as well as high lubrication properties. Phosphate esters have excellent antiwear properties and are extensively resistant to fire. These are some of the key reasons behind their increasing use especially in lubricants, hydraulic systems and fire retardants. The increasing usage of non-halogenated phosphate esters as well as flame retardants is the other factor driving the global phosphate esters market.
The global phosphate esters market can be segmented on the basis of type, application and geography. On the basis of type, the global phosphate esters market can be segmented into tri aryl phosphate ester, tri alkyl phosphate ester and biophosphates. On the basis of application, the global phosphate esters market can be segmented into surfactants, lubricants, fire retardants, pesticides, hydraulic fluids, plasticizers, paints & coatings and others. On the basis of geography, the global phosphate esters market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific.
Major players operating in the global phosphate esters market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the key players involved in the manufacture and supply of phosphate esters products include Chemtura Corporation, Lanxess, Exxon Mobil Corporation, Akzo Nobel N.V. and Castrol Limited among others.
Market by Type
· Tri aryl phosphate ester
· Tri alkyl phosphate ester
Market by Application
· Fire retardants
· Hydraulic fluids
· Paints & coatings
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction The global ink solvents Market is projected worth US$ 658.3 Million by 2026 and the market is projected to showcase 4.9% CAGR during the forecast period. The ink solvents market is driven by inexpensive nature and non-coating properties that are important factors which are promoting the market positively. Ma
Introduction The global high purity quartz industry’s size is prophesied to reach USD 1143.6 million by 2026 and the market is anticipated to witness a CAGR of 5.8% during the predicted years. The market is determined by increase in demand from the solar industry. Market Dynamics
Introduction The global coating resins Market is projected worth US$ 51.3 billion by 2026 and the market is projected to show case 5.0% CAGR during the forecast period. The coating resins market is driven by an increase in demand for paint & coatings in the automotive sector. Market Dynamics
Introduction Global synthetic paper market size is estimated to reach a value of around USD 1.4 billion by the end of the year 2026. The industry is expected to grow with a CAGR of 7.1% during the upcoming years. Market Dynamics Synthetic papers are 100% recyclable and are es
Introduction The global paint protection film market size was valued at USD 468 million in 2017, and is estimated to reach at 809 million by the end of year 2026, expand at a growth rate of 7.2% during the forecast period. Market Dynamics Paint Protection Film is categorized
Introduction The global market size of optical coatings was value at 12.8 billion at 2017 and is expected to reach 25.7 billion by the end of year 2026. The market is estimated to grow at a CAGR of 9% over the forecast period. Market Dynamics Optical coatings are used in the