Butylated Triphenyl Phosphate Market Analysis Report (2021 - 2026)
The Global Butylated Triphenyl Phosphate Market is expected grow at a CAGR of 6.8% during the forecast period of 2021 to 2026.
During February 2020, ROCOL attended the SABIC Conference 2020 that was held at the King Abdullah Cultural Centre in Saudi Arabia. This gave the opportunity to ROCOL to directly engage with its shareholders to discus about its experiences and achievements in the related field.
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 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 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.
Butylated Triphenyl Phosphate Market Segmentation as per the research report until 2026.
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 the several countries. Hydraulic fluid acts as medium of energy transfer and thus has wide scale implications. Power plants have a wide use of these fluids and with power generation eyeing towards 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 plethora of opportunities for non-conventional fuels to be used for power generation. Hydraulic fluids prove to be excellent alternative and thus promote the growth of the global Butylated Triphenyl Phosphate market.
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 the 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 few more Asian countries.
In North America, lubricant manufacturing industry in Canada stands at USD 2 billon with total 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 a 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 labour 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 is 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 from 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
18.104.22.168 By Geographical Area
22.214.171.124 By Application
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Application
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 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, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Butylated Triphenyl Phosphate Market Market By Region, From 2021-2026( USD Million )
Global Butylated Triphenyl Phosphate Market Market By Application, From 2021-2026( USD Million )
Global Lubricants Market By Region, From 2021-2026( USD Million )
Global Hydraulic Fluids Market By Region, From 2021-2026( USD Million )
Global Flame Retardants Market By Region, From 2021-2026( USD Million )
Global Others Market By Region, From 2021-2026( USD Million )