Butylated Triphenyl Phosphate Market is expected to grow at a CAGR of 6.8% during the forecast period of 2022 to 2027.
Drivers and Restraints of Butylated Triphenyl Phosphate Market:
The high compatibility of butylated triphenyl phosphate with polyvinyl chloride has made it an ideal choice in the plastics industry. The worldwide surge in the usage of plastics had a direct impact on the developments in the butylated triphenyl phosphate market. Because of its affordability and flexibility, there is an increasing demand from the polymers industry for this product. The growing applications like usage in fire extinguishers and industrial lubricants are also supporting the expansion of the global butylated triphenyl phosphate market.
Different grades of Butylated Triphenyl Phosphate solvents have different properties, which vary according to the requirements of applications. Growing demand for polyurethane-based products from the automotive industry is fuelling the growth of the Butylated Triphenyl Phosphate market across the world. Further, increasing the use of Butylated Triphenyl Phosphate in applications such as use in hydraulic fluids and lubricants in the power sector is also driving the growth of the Butylated Triphenyl Phosphate business across the globe.
Market Size Available
2021 – 2026
2022 - 2027
By Application, By Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Butylated Triphenyl Phosphate Market Segmentation as per the research report until 2027.
Butylated Triphenyl Phosphate Market - By Application
The increase in demand of the Butylated Triphenyl Phosphate market across the globe can be attributed to the extensive utilization of this chemical in various end-use industries such as petrochemical, automotive, and industrial lubricants. The growing need for hydraulic fluids from the industries manufacturing consumer goods and heavy products is fuelling the growth of the Butylated Triphenyl Phosphate market across the planet.
Butylated Triphenyl Phosphate is widely used in the power generation sector in several countries. The hydraulic fluid acts as a medium of energy transfer and thus has wide-scale implications. Power plants have wide use of these fluids and with power generation eyeing offshore wind power plants, the demand for hydraulic fluids has increased with a growth rate of 3.7%. The introduction of fluidized bed boilers has also presented a plethora of opportunities for non-conventional fuels to be used for power generation. Hydraulic fluids prove to be an excellent alternative and thus promote the growth of the global Butylated Triphenyl Phosphate market.
The market demand in the chemical industry is projected to grow at a considerable CAGR during the forecast period of 2021 to 2026, in terms of value. This high growth is attributed to the perennial improvements in the infrastructure and other components in the chemical industry. Butylated Triphenyl Phosphate are heavily used in the making of fire retardants and this is helping the market grow. The increasing use of chemicals is supposed to drive the call for the Butylated Triphenyl Phosphate market in the near future.
Butylated Triphenyl Phosphate Market - By Region
Middle East & Africa
The Asia Pacific region (APAC) is expected to dominate the Butylated Triphenyl Phosphate market in terms of value during the outlook period of 2020 to 2025. The ever-growing population of Asian countries has sparked a demand for Butylated Triphenyl Phosphate in several industries. The market in these end-use segments is majorly led by China, followed by a few more Asian countries.
In North America, the lubricant manufacturing industry in Canada stands at USD 2 billion with a total of 120 companies. The demand for automotive lubricants has been decreasing since 2016 and with the current scenario, it is not expected to improve.
The butylated triphenyl phosphate market in the South American region is supposed to grow at a notable CAGR during the projection period of 2020 to 2025. This region has witnessed considerable infrastructural development in the past few years, which has led to the development of several housing construction projects. Consequently, it has led to an increase in the demand for butylated triphenyl phosphate in the construction sector as a flame retardant, as well as for lubricants in construction machinery.
Imperial Chemical Corporation
Israel Chemicals Ltd.
Coronavirus has exposed severe challenges for the chemical market by impacting various sectors. The Butylated Triphenyl Phosphate market is no different; it saw negative growth in this period owing to the decrease in demand from the manufacturing and chemical production industries which during this period faced severe hardships. The demand was low, and the availability of labor was another factor that made the situation worse.The Butylated Triphenyl Phosphate industry is expected to experience a negative impact due to lockdown, as demands from end-user sectors are at an all-time low. Before the pandemic, the growth rate was expected to be flat thanks to the technological shift and post that it has suffered dearly. North America has become the most affected region by the pandemic, and it has affected businesses severely. The Butylated Triphenyl Phosphate companies suffered huge losses and often were required to prove strong liquidity to avoid bankruptcy. The pandemic is touted to bring new changes in the industry that will eventually affect the demand as the need is no longer considered as a top priority. All in all, the Butylated Triphenyl Phosphate market is stagnant, and the global pandemic has added much to its woes.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.3 Hydraulic Fluids
5.1.4 Flame Retardants
5.1.6 Y-o-Y Growth Analysis, By Application
5.1.7 Market Attractiveness Analysis, By Application
5.1.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Application
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Application
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Mattei Compressors Ltd
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Chemtura Corporation
8.4 Israel Chemicals Ltd.
8.5 LyondellBasell Industries N.V.
8.6 Jiangsu Victory Chemical Co. Ltd
8.7 Lanxess AG
8.8 PCC Rokita S.A.
8.10 Eastman Chemical Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global Butylated Triphenyl Phosphate Market Market By Region, From 2022 - 2027( USD Million )
Global Butylated Triphenyl Phosphate Market Market By Application, From 2022 - 2027( USD Million )
Global Lubricants Market By Region, From 2022 - 2027( USD Million )
Global Hydraulic Fluids Market By Region, From 2022 - 2027( USD Million )
Global Flame Retardants Market By Region, From 2022 - 2027( USD Million )
Global Others Market By Region, From 2022 - 2027( USD Million )
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