Global Tris Nonylphenyl Phosphite Market - 2020-2027
|出版日期||內容資訊||英文 180 Pages
|三壬基苯基亞磷酸酯的全球市場:2020年∼2027年 Global Tris Nonylphenyl Phosphite Market - 2020-2027|
|出版日期: 2021年05月10日||內容資訊: 英文 180 Pages||
Tris nonylphenyl phosphite (TNPP) is a water soluble viscous liquid. Its physical appearance is colorless to pale yellow. It has a chemical formula of C45H69O3P. It is moisture sensitive as well as combustible. The chemical releases irritating or toxic fumes (or gases) upon catching fire. It produces various phosphorus stabilizer forms upon combustion. People working with TNPP should avoid all contact with it.
TNPP is primarily used as a heat stabilizer for polymer processing, specifically for polyvinylchloride and un-vulcanized rubbers. It is a phenolic antioxidant, which is also utilized in the production of polyethylene resin. Furthermore, it is used to sustain color stability, performance integrity, and processing stability of ABS, polyolefins, polycarbonate, and vulcanized rubber.
The global tris nonylphenyl phosphite market size was worth US$ XX billion in 2020 and further expected to reach US $ XX billion by 2027, with a CAGR of X% during the forecast period (2020-2027).
The global tris nonylphenyl phosphite market is expected to grow substantially during the forecast period. Overall, the key factors driving the global tris nonylphenyl phosphite market is the rising demand for phosphite antioxidants from the petrochemical and plastic industries. The major applications of tris nonylphenyl phosphite are stabilizers, petrochemicals and rubber. Tris nonylphenyl phosphite is one of the most preferred phosphite stabilizers due to its inherent properties. The phosphite stabilizer helps in preserving the color and melt flow during polymer processing. Growth of chemical, food and pharmaceutical industry, rising usage of phosphite based antioxidants in polymer, petrochemicals, rubber industry and others, changing lifestyle of the consumers, growing preferences of packaged foods are some of the factors that will enhance the growth of the tris nonylphenyl phosphite market in the forecast period of 2020-2027. On the other hand, rising applications from emerging economies will further boost various opportunities that will lead to the growth of the tris nonylphenyl phosphite market in the above mentioned forecast period.
Increasing adverse health effects ar expected to hinder the growth of the tris nonylphenyl phosphite market in the assessment period. During plastics manufacturing, oxidation leads to discoloration and general disorientation. This can either be caused by oxidation and free radical generation. The free radicals are generated due to mechanical stress, heat, and radiation. Antioxidants react with free radicals and helps to prevent degradation of plastics. Whereas stabilizers improve stability to heat and enable to prevent a chain reaction of decomposition. The growing plastics industry is expected to drive the market. However, TNPP is toxic to aquatic organisms. It can cause long-term negative effects on the aquatic environment. Thus, various regulatory restrictions are placed on its consumption in food packaging, consumer goods, and hygiene products industries. The TNPP market is expanding due to the increase in demand for TNPP in petrochemicals, stabilizers, and rubber industries across the globe. Capacity expansions in the petrochemicals industry and surge in the demand for polymer products are also driving the global TNPP market.
Growing Demand from the Plastics Industry
During plastics manufacturing, oxidation leads to discoloration and general disorientation. This can either be caused by oxidation and free radical generation. Free radicals are generated due to heat, mechanical stress, and radiation. Antioxidants react with free radicals and prevent degradation of plastics. Whereas stabilizers, improve stability to heat and prevent a chain reaction of decomposition. The growing plastics industry is expected to drive the market.
Growing preferences of packaged foods
Change in the lifestyle of the people has increased the growth of the market. Nowadays people prefer packaged food for safety measures, hygiene and others. People are more health consious now. Moreover, iIncreasing adverse health effects is also one of the factors which is epxected to restrain the growth of the tris nonylphenyl phosphite market in the coming years.
COVID-19 Impact Analysis
COVID-19 affected the global economy in many forms, such as directly affecting demand and production, supply chain distraction, and financial impact. COVID-19 pandemic have highly affected the global tris nonylphenyl phosphite market due to the shutting down of factories, supply chain disruptions and unethusiastic labor force to work remotely.
Based on the application, the global tris nonylphenyl phosphite market has been classified antioxidant and stabilizer.
Heat stabilizer segment accounted for the highest share during the forcasting period
In terms of application, heat stabilizer holds the major share of the global TNPP market. TNPP as antioxidant is economical in terms of price-to-performance ratio. Rising demand and adoption of plastics, PVC particularly, coupled with use of heat stabilizers to prevent oxidization are among major factors propelling the growth of the global heat stabilizers market.
Based on the end-user, the global tris nonylphenyl phosphite market has been classified as- plastic, rubber and oil & gas
Oil & gas segment accounted for the highest share during the assessment period
The oil & gas industry is expected to exhibit high growth rate in terms of consumption of TNPP. Consumption of natural gas is of the major factor which will boost the market. Moreover increase in the demand for diesal is also one of the major factor. Refining capacaity is also expected to increase.
Based on geography, the study analyzes the tris nonylphenyl phosphite market in the global market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
Asia-Pacific leads the Global Tris Nonylphenyl Phosphite Market throughout the forecast period
Asia-Pacific is witnessed to dominate the global tris nonylphenyl phosphite market in terms of revenue share. Growth in this market is mainly attributed to the increasing demand for tris nonylphenyl phosphite antioxidants from end-use applications. TNPP offers an excellent price to performance ratio and is widely preferred as a stabilizer in polymer processing due to its economic benefits. The growing consumption of stabilizers in the Asia-Pacific region is expected to drive the TNPP market. South Korea and China are the two major countries which are expected to grow at the highest CAGR during the forecast period.
Global tris nonylphenyl phosphite market is highly competitive. The key players operating in the global tris nonylphenyl phosphite market which are contributing to the growth of the global market include Addivant USA, LLC (U.S.), Galata Chemicals Holding GmbH (Germany), Dover Chemical Corporation (U.S), Sterling Auxiliaries Pvt. Ltd. (India), Songwon Industrial Co., Ltd (Korea), Gulf Stabilizers Industries (Saudi Arabia) and the Sandhya Group (India).
Galata Chemicals Holding GmbH
Overview: Company is one of the leading producer and supplier of PVC, CPVC, Engineering Thermoplastics, and Polyolefin Additives, serving many industries worldwide, including Building and Construction, Packaging, Medical, and Automotive from manufacturing facilities spanning three continents. With a focus on innovation and R&D, Galata Chemicals is always ready to meet the ever changing requirements of the global marketplace.
Product Potfolio: Addivant USA, LLC offers various products under its own brands such as PVC, CPVC, Engineering Thermoplastics, and Polyolefin Additives.
The Global Tris Nonylphenyl Phosphite Market report would provide access to an approx. 39 market data table, 38 figures and 370 pages.
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