Lanxess AG (Germany), Elementis Plc (UK), Akzo Nobel N.V. (Netherlands), And Solvay S.A. (Belgium) are Recognized as Visionary Leaders in the Phosphate Esters Market.
The phosphate esters market is estimated to be USD 843.9 Million in 2017 and is projected to reach USD 1,179.8 Million by 2022, at a CAGR of 6.9% from 2017 to 2022. Phosphate esters are increasingly used in in various applications, such as lubricants, surfactants, pesticides, fire retardants, hydraulic fluids, plasticizers, and paints & coatings, among others. The growing demand for phosphate esters from these applications is expected to drive the phosphate esters market.
Lanxess AG (Germany), Elementis plc (UK), Akzo Nobel N.V. (Netherlands), and Solvay S.A. (Belgium) are recognized as visionary leaders in the phosphate esters market. These companies are focused on investing in plant capacity expansions. They have the potential to broaden their product portfolio and compete with other key market players.
Exxon Mobil Corporation (US), Ashland Inc. (US), and Stepan Company (US) are recognized as innovators. Innovators have a focused product portfolio. However, they do not have very strong growth strategies for their overall business as compared to visionary leaders.
In April 2017, Lanxess AG, acquired Chemtura, one of the leading suppliers of flame retardants and lubricant additives. The acquisition helped expand Lanxess’ additives product portfolio. It also strengthened the company’s position in the North American region.
In June 2016, Lanxess AG expanded its Rhein Chemie Additives business unit with the development of innovative flame retardants. This expansion was made in order to meet the growing demand for halogen-free flame retardants from the automotive, buildings, and electronics sectors. This will enhance the company’s product portfolio in the flame retardants category.
In June 2016, Lanxess expanded the storage capacity of the phosphoric acid ester plant at its Leverkusen site. The new storage facility ensures a reliable supply of raw materials. This positively impacted the manufacturing of its phosphoric acid esters Levagard and Disflamoll.
In February 2013, Elementis plc (UK), acquired Hi-Mar Specialty Chemicals, LLC (US), a coating additives company, for USD 33 million. This acquisition is expected to help the company expand its products and technical services in the North American region.
In September 2012, Elementis expanded its production facility for specialty rheological additives and dispersants at an industrial park owned by Bayer Material Science, LLC at New Martinsville, West Virginia. This expansion was carried out in order to meet the market demand.
Related Reports:
Phosphate Ester Market by Type (Triaryl Phosphate Esters, Trialkyl Phosphate Esters, Alkyl Aryl Phosphate Ester), Application (Lubricants, Surfactants, Pesticides, Fire Retardants), Region (North America, Europe, Asia-Pacific) - Global Forecast to 2022
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
