“Butylated triphenyl phosphate market is projected to reach USD 30.7 million by 2026”
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. The increasing number of vehicles around the world has led to an increase in the demand for lubricants, which is in turn is driving the global butylated triphenyl phosphate market. Whereas, volatile crude oil prices are expected to restrain market growth.
“Flame retardant segment to register high growth in the butylated triphenyl phosphate market”
The flame retardants application segment of global butylated triphenyl phosphate market is expected to grow at the highest CAGR during the forecast period. Butylated triphenyl phosphate offers several properties, such as, superior thermal resistance, and high corrosion resistance. Butylated triphenyl phosphate is widely used as a flame retardant in the plastic manufacturing industry.
“Latin America market projected to grow at the highest CAGR during the forecast period”
The Latin American butylated triphenyl phosphate market is expected to grow at the highest CAGR from 2016 to 2026. Growth in this market is driven by the increasing demand for butylated triphenyl phosphate from Brazil. With the increasing demand from its construction and automotive industries, Brazil is a major consumer of butylated triphenyl phosphate in the Latin American region. The Asia-Pacific region accounted for the largest market share in the butylated triphenyl phosphate market in 2015, and this large share is mainly attributed to the large industrial base in the region.
BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:
- By Company Type: Tier 1 – 33%, Tier 2 – 42%, and Tier 3 – 25%
- By Designation: C Level – 50%, Director Level – 33%, and Others – 17%
- By Region: Europe – 42%, North America – 25%, Asia-Pacific – 17%, South America – 8%, and Middle East & Africa – 8%
Major companies profiled in this 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).
This report offers an overview of the market trends, drivers, and challenges with respect to the global butylated triphenyl phosphate market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America. The report categorizes the global butylated triphenyl phosphate market on the basis of application, and region. A detailed analysis of leading players, along with the key growth strategies adopted by them, is also covered in the report.
Reasons To Buy the report
This report covers the following key aspects:
- The market size by 2026 and the growth rate
- The key market trends
- The factors expected to drive the growth of the market
- The challenges that impact market growth
- The key players in this market
- This global report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions, such as the U.S., China, India, and Germany