Butylated Triphenyl Phosphate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Butylated Triphenyl Phosphate Market Analysis
The market for butylated triphenyl phosphate is expected to grow at a CAGR of 3% globally during the forecast period. Growing demand for lubricants along with other drivers are driving the market growth. On the flip side, unfavorable conditions arising due to the COVID-19 along with higher production costs and other restraints are hindering the growth of the market.
- The butylated triphenyl phosphate market is expected to grow during the forecast period owing to the growing demand for lubricants.
- Asia-Pacific region to dominate the market across the globe with the largest consumption from countries such as India and China.
Butylated Triphenyl Phosphate Market Trends
This section covers the major market trends shaping the Butylated Triphenyl Phosphate Market according to our research experts:
Growing demand for Lubricants
- Butylated triphenyl phosphate is widely used as lubricant owing to its thermal stability and is expected to grow rapidly during the forecast period.
- Butylated triphenyl phosphate is often used as a lubricant because of its outstanding operational performance and excellent fire-retardant properties in defense, naval, automotive, and other industrial applications.
- In automotive, the increase in repair and servicing activities of old automobiles is expected to drive the market. However, the slowdown of the automotive sector and due to the COVID-19 outbreak across various countries is expected to hinder the growth of the market.
- According to the International Organization of Motor Vehicle Manufacturers (OICA), the worldwide automotive production in 2019 is about 91.78 million vehicles which declined by 5.2% compared to the previous year 2018.
- The growing demand for lubricants from various industries is expected to drive the market for butylated triphenyl phosphate during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for butylated triphenyl phosphate during the forecast period as a result of the increase in demand from countries like India and China.
- Butylated triphenyl phosphate is used as a plasticizer in polyvinyl chloride manufacturing and other modified polymers and alloys. In 2019 alone, China produced about 75 million tons of plastic which are about 20% of the total world's plastic production. Plastic is mainly used in the packaging industry for its lightweight and durability. The increasing e-commerce market is expected to drive the demand for plastics which accounts for around 30% of total plastics consumption. The growing plastics industry is expected to drive the market for butylated triphenyl phosphate.
- Furthermore, the Indian e-commerce industry is expected to reach USD 120 billion by 2020. The increase in penetration of the internet and the change in government policies allowing 100% foreign direct investments in the e-commerce sector is expected to boost the plastics market.
- The growing use of lubricants in construction machinery, engines, and other high-performance equipment used in construction industry in countries like India and China is expected to drive the market.
- According to the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019 which are estimated to be completed by 2023. Moreover, the Indian government has allocated USD 63 billion for the infrastructure sector in 2019-20 and is planning to spend USD 1.4 trillion over the next five years.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for butylated triphenyl phosphate in the Asia-Pacific region during the forecast period.
Butylated Triphenyl Phosphate Industry Overview
The global butylated triphenyl phosphate market is partially consolidated with players accounting for a major share of the market. Few companies include LANXESS, ICL, Zhang Jia Gang YaRui Chemical Co., Ltd., PCC Group, and TINA ORGANICS PVT. LTD.
Butylated Triphenyl Phosphate Market Leaders
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LANXESS
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ICL
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Zhang Jia Gang YaRui Chemical Co., Ltd.
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PCC Group
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TINA ORGANICS PVT. LTD.
*Disclaimer: Major Players sorted in no particular order
Butylated Triphenyl Phosphate Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand for Lubricants
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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4.2.2 Higher Production Costs
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4.2.3 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Fire Retardant
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5.1.2 Plasticizer
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5.2 Application
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5.2.1 Lubricants
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5.2.2 PVC Compounds & Resins
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5.2.3 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 ICL
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6.4.2 LANXESS
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6.4.3 PCC Group
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6.4.4 Radco Industries, Inc
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6.4.5 TINA ORGANICS PVT. LTD.
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6.4.6 Zhang Jia Gang YaRui Chemical Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand Form the Emerging Economies
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Butylated Triphenyl Phosphate Industry Segmentation
The Butylated Triphenyl Phosphate Market report include:
| Type | |
| Fire Retardant | |
| Plasticizer |
| Application | |
| Lubricants | |
| PVC Compounds & Resins | |
| Others |
| Geography | |||||||
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Butylated Triphenyl Phosphate Market Research FAQs
What is the current Butylated Triphenyl Phosphate Market size?
The Butylated Triphenyl Phosphate Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in Butylated Triphenyl Phosphate Market?
LANXESS, ICL, Zhang Jia Gang YaRui Chemical Co., Ltd., PCC Group and TINA ORGANICS PVT. LTD. are the major companies operating in the Butylated Triphenyl Phosphate Market.
Which is the fastest growing region in Butylated Triphenyl Phosphate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Butylated Triphenyl Phosphate Market?
In 2024, the Asia Pacific accounts for the largest market share in Butylated Triphenyl Phosphate Market.
What years does this Butylated Triphenyl Phosphate Market cover?
The report covers the Butylated Triphenyl Phosphate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Butylated Triphenyl Phosphate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Butylated Triphenyl Phosphate Industry Report
Statistics for the 2024 Butylated Triphenyl Phosphate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Butylated Triphenyl Phosphate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
