NEW YORK, Dec. 8, 2016 /PRNewswire/ --
"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).
Research Coverage
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
Read the full report:
http://www.reportlinker.com/p04436637-summary/view-report.html
About Reportlinker ReportLinker is an award-winning market
research solution. Reportlinker finds and organizes the latest
industry data so you get all the market research you need -
instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tert-butylated-triphenyl-phosphate-market-by-application-by-region---global-forecast-to-2026-300375849.html
SOURCE Reportlinker