Addivant (USA) and Songwon Industrial Co., Ltd (South Korea) are Leading Players in Tris Nonylphenyl Phosphite (TNPP) Market
Tris nonylphenyl phosphite (TNPP) is a phosphite antioxidant which is mainly used as a stabilizer in polymers such as HDPE, SBR, LLDPE, ABS, and PVC. These phosphite antioxidants are also used in petrochemicals, rubber and other applications like food packaging and hygiene products. Major companies operating in the tris nonylphenyl phosphite market are Addivant USA, LLC (U.S.), Galata Chemicals Holding GMBH (Germany), Dover Chemical Corporation (U.S), Sterling Auxiliaries Pvt. Ltd. (India), Songwon Industrial Co., Ltd. (South Korea), Gulf Stabilizers Industries (Saudi Arabia) and the Sandhya Group (India)
Some of the important strategies adopted by key companies in the global tris nonylphenyl phosphite market are, the launch of new and non-toxic products, capacity expansions and acquisitions. These companies are also investing in R&D activities to strengthen their product portfolios and their positions in the global tris nonylphenyl phosphite market.
Addivant (USA), is the one of the major producers of tris nonylphenyl phosphite. The company has recently announced the expansion of its capacity of antioxidants in the U.S. to cater to the demand for antioxidants in North America. The other major company in this region is Dover Chemical Corporation (U.S). This company is a leading supplier of liquid phosphite antioxidant, which is used in plastics. The company has recently received different food contract approvals from regulatory bodies for its phosphite antioxidants. These antioxidants can now be safely used in food packaging materials.
Songwon Industrial Co., Ltd (South Korea) is an important player in the Asia-pacific region. The company has a wide product portfolio of phosphite antioxidants which are used in the processing of polymers. The antioxidants produced by Songwon, prevent the discoloring of polymers during the processing stages. Another important player in the Asia-Pacific region is Sterling Auxiliaries Pvt. Ltd. (India). The company is engaged in the supply of tris nonylphenyl phosphite in the Asia-Pacific region. It caters to a wide range of consumers in oil field chemicals, solvents and water treatment chemicals.
Related Reports:
Tris Nonylphenyl Phosphite (TNPP) Market by Application (Stabilizers, Petrochemicals, Rubber) and Region (Asia-Pacific, North America, Europe, Middle East & Africa and Latin America) - Global Forecast to 2021
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