DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Tris Nonylphenyl Phosphite Market by Application (Stabilizers, Petrochemicals, Rubber) and Region (Asia-Pacific, North America, Europe, Middle East & Africa and Latin America) - Global Forecast to 2021" report to their offering.
"Tris nonylphenyl phosphite market is projected to reach USD 309.8 million by 2021"
The increasing consumption of phosphite based antioxidants in the polymers, petrochemicals, rubber and food packaging industries is driving the global tris nonylphenyl phosphite market. One of the main restraints of this market is regulations on the use of phosphite antioxidants for food packaging applications and this may restrain the consumption of TNPP in this application.
The petrochemical industry is the second largest consumer of phosphite antioxidants. The demand for TNPP in the petrochemical industry has appreciated in the past due to its high processing stability. TNPP offers better stability and prevents discoloration during polymer processing. These inherent properties makes it a preferable material in the petrochemical industry. Moreover, there are limited price fluctuations in TNPP, and this has supported the consumption of TNPP in the petrochemical industry.
The petrochemical industry is planning on significant capacity expansions during the next 4-5 years due to the rising demand from end-users. With the growth in this application segment, the demand for TNPP is estimated to increase during the forecast period.
The Asia-Pacific tris nonylphenyl phosphite market is expected to grow at the highest CAGR from 2016 to 2021. 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 in this region. South Korea and China are the two major countries which are expected to grow at the highest CAGR during the forecast period.
The growth in these two countries is mainly due to the rising demand for polymer stabilizers and petrochemical products. One of the major producers of polymer stabilizers in this region is Songwon Industrial Co., Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Tris Nonylphenyl Phosphite Market, By Application
6 Tris Nonylphenyl Phosphite Market, By Region
7 Supplier Analysis
8 Tris Nonylphenyl Phosphite Market, Company Profiles
- Addivant Usa, Llc
- Dover Chemical Corporation
- Galata Chemicals Holding Gmbh
- Gulf Stabilizers Industries
- Sandhya Group
- Songwon Industrial Co Ltd
- Sterling Auxiliaries Pvt. Ltd
For more information about this report visit http://www.researchandmarkets.com/research/4fvcrn/tris_nonylphenyl