The global demand for Tributyl Phosphate Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Tributyl phosphate, often referred to as TBP, is an organic polar solvent used as an industrial chemical. This phosphorus compound is used as a solvent in the extraction and purification of rare-earth metals like uranium and plutonium from their ores. This colorless solvent is used to manufacture inks, gums, adhesives (namely for veneer plywood), synthetic resins, herbicide, and fungicide concentrate. Another primary use is as a flame-retardant component of aircraft hydraulic fluid and brake fluid. Other benefits of TBP include: anti-foaming agents in detergent solutions, added to lubricants to increase the oil film strength, manufacture of plastics, and cement castings for oil wells.
The rising demand for industrial chemicals in the manufacturing sector on a global scale is the main favorable factor for this market’s growth.TBP is the only chemical used in the extraction of fuels for the rapidly expanding nuclear power sector. The increased research and development activities in advanced technologies like spectroscopy, bioceramics, inorganic analysis, and fuel reprocessing, where TBP is a vital resource, will boost the market growth. TBP is used as a preferred solvent in various end-user industries like agriculture, textile, mining, paper making, oil & gas, automobile, and others will further propel market growth. The restraining factors for this market’s development are volatility in the price of raw materials and toxicity.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of tributyl phosphate.
The entire tributyl phosphate market has been sub-categorized into types and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Defoaming Agent
This section covers regional segmentation which accentuates on current and future demand for tributyl phosphate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Tributyl Phosphate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the tributyl phosphate market include Tokyo Chemical Industry, Connect Chemicals GmbH, LANXESS, Neostar United Industrial, Guizhou Zerophos Chemical, Eastman Chemical, Kemira, Hangzhou Dayang Chemical, Kemcore. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.