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Triethyl Phosphate Market By Application (Chemical Catalyst, Flame Retardant, Organic Solvent, Pesticide Intermediates, Others) By Product (Industrial Grade, Superior Grade): Growth, Future Prospects & Competitive Analysis, 2015 – 2027

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Published: | Report ID: 11740 | Report Format : PDF

Market Insights

TEP, also known as Phosphoric acid triethyl ester, is a corrosive, colorless, mild-smelling solvent with the chemical formula (C2H5)3PO4. The compound is mainly used as a catalyst in the ketene Application to produce acetic anhydride and as a solvent and plasticizer for plastics, resins, gums, and other similar materials. TEP is also a starting material for insecticides, including tetraethyl pyrophosphate. TEP can be made in a variety of ways, including reacting tetraethyl hypophosphate with ethanol in the presence of aluminum ethoxide, treating triethyl phosphite with diethyl hydrogen phosphate, etc. The global Triethyl Phosphate market has generated a sales value of over USD 94.5 million in 2020, and it’s expected to exhibit a CAGR of over 2.85% during the analytical period. As a result, the global Triethyl Phosphate market is expected to offer a cumulative sales opportunity of over USD 741 million while reaching USD 115.04 million in annual sales value by the end of 2027.

Increasing Traction from Organic Solvents and Catalysts

Triethyl Phosphates are widely used as an industrial catalyst in numerous chemical applications worldwide. It plays a versatile role in the manufacturing of various chemicals; for instance, it acts as a plasticizer for resins, gums & plastics, desensitizing agent for peroxides, and an ethylating agent in some other reactions. In addition, the rising demand for fire retardant materials from various end-use industries such as building, textiles, electrical and electronics, transportation, automobiles, etc., is expected to boost Triethyl Phosphate consumption. Furthermore, apart from industrial chemicals, the agrochemicals industry, which uses Triethyl Phosphate as an element (i.e., an intermediate) in the Production of pesticides and insecticides, is expected to boost the growth of Triethyl Phosphate.

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Asia-Pacific to Govern the Growth of Triethyl Phosphate

The consumption volume of Triethyl Phosphate is significantly high in the Asia Pacific as against other territories such as North America and Europe. The Asia Pacific is the leading manufacturer of chemicals and materials, so the demand for catalysts and organic solvents has remained high over the past few years. This triggered the demand for Triethyl Phosphate in various end-user industries. Plastics, resins, and gums Production is dominated by the Asia Pacific. Triethyl Phosphate is one of the most important plasticizers consumed by the polymer industry around the world. Moreover, Asia Pacific also dominates the Production of polyurethane foam.

Furthermore, the demand for flame retardant PU foam is growing in electronics, automotive, consumer Types, and furniture. Hence, the demand for Triethyl Phosphate is also increasing in PU foam as one of the fire-retardant additives. In 2020, the demand for Triethyl Phosphate in the region was valued at over USD 50 million and expected to exhibit a rapid CAGR over the forecast period.

Exciting Facts About Triethyl Phosphate

  • Triethyl Phosphate was first studied in the early 19th century by a French Chemist.
  • Triethyl Phosphate is very versatile and can be used in numerous applications such as catalysts, solvents, fire retardant additives, intermediates, etc.
  • The cumulative growth potential offered by Triethyl Phosphate over the forecast period is USD 741 million.
  • Triethyl Phosphate is potentially hazardous as it can form highly toxic gas such as phosphine upon contact with hydrides.
  • Industrial grade Triethyl Phosphate is in high demand owing to its wide-ranging applications.
  • Demand and Production of Triethyl Phosphate are confined significantly in heavily regulated regions such as Euro Zone and North America.
  • Production and Consumption highly concentrated in the Asia Pacific
  • China is the single largest Producer, Consumer, and Exporter of Triethyl Phosphate.

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Industrial Grade Triethyl Phosphate to Rule the Market

Industrial Grade and Superior Grade are two major types of Triethyl Phosphate. In 2020, the Industrial Grade segment accounted for the largest share of the Triethyl Phosphate market. However, Superior Grade Application is anticipated to grow at the fastest CAGR during the forecast period. The largest share of industrial-grade Triethyl Phosphate can be attributed to the strong demand for chemical catalysts, agrochemicals, fire retardant additives, and organic solvents. Triethyl Phosphate has a broad spectrum of applications ranging from resin modifiers and good solvents when required in small quantities to intermediates in pesticides.

Triethyl Phosphate Production is highly concentrated in the Asia Pacific owing to stringent regulations imposed by USFDA and REACH in North America and Europe. Triethyl Phosphate is a potentially hazardous substance and has been heavily regulated in the regions mentioned above. Moreover, cheaper raw materials, lack of robust regulations, availability of cost-effective labor, and most importantly, the presence of huge Application industry gas resulted in a high concentration of Production in the region. Moreover, the region dominates the export of Triethyl Phosphate, with Europe and North America leading importers of Triethyl Phosphate. Further, the demand and Production can be increased in countries like Vietnam, India, etc. Africa, Latin America, and the Middle East are niche markets for Triethyl Phosphate. However, as these regions lack rigorous regulatory measures, the demand and the Production center can be anticipated to shift from the Asia Pacific.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Triethyl Phosphate Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Triethyl Phosphate Market Value, 2015-2027, (US$ Mn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type
3.3.2.Application
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players
4.5.Market Positioning of Key Players
4.6.Type Benchmarking
4.7.List of Key Distributors

5.COVID 19 Impact Analysis
5.1.Global Triethyl Phosphate Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Triethyl Phosphate Market, by Country, 2015-2027 (US$ Mn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Triethyl Phosphate Market, By Type, 2015-2027 (US$ Mn)
6.2.1.Overview
6.2.2.Industrial Grade
6.2.3.Superior Grade
6.3.North America Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)
6.3.1.Overview
6.3.2.Chemical Catalyst
6.3.3.Flame Retardant
6.3.4.Organic Solvent
6.3.5.Pesticide Intermediates
6.3.6.Others

7.Europe
7.1.Europe Triethyl Phosphate Market, by Country, 2015-2027 (US$ Mn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Triethyl Phosphate Market, By Type, 2015-2027 (US$ Mn)
7.2.1.Overview
7.2.2.Industrial Grade
7.2.3.Superior Grade
7.3.Europe Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)
7.3.1.Overview
7.3.2.Chemical Catalyst
7.3.3.Flame Retardant
7.3.4.Organic Solvent
7.3.5.Pesticide Intermediates
7.3.6.Others

8.Asia Pacific
8.1.Asia Pacific Triethyl Phosphate Market, by Country, 2015-2027 (US$ Mn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Triethyl Phosphate Market, By Type, 2015-2027 (US$ Mn)
8.2.1.Overview
8.2.2.Industrial Grade
8.2.3.Superior Grade
8.3.Asia Pacific Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)
8.3.1.Overview
8.3.2.Chemical Catalyst
8.3.3.Flame Retardant
8.3.4.Organic Solvent
8.3.5.Pesticide Intermediates
8.3.6.Others

9.Latin America
9.1.Latin America Triethyl Phosphate Market, by Country, 2015-2027 (US$ Mn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Triethyl Phosphate Market, By Type, 2015-2027 (US$ Mn)
9.2.1.Overview
9.2.2.Industrial Grade
9.2.3.Superior Grade
9.3.Latin America Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)
9.3.1.Overview
9.3.2.Chemical Catalyst
9.3.3.Flame Retardant
9.3.4.Organic Solvent
9.3.5.Pesticide Intermediates Others

10.Middle East
10.1.Middle East Triethyl Phosphate Market, by Country, 2015-2027 (US$ Mn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Triethyl Phosphate Market, By Type, 2015-2027 (US$ Mn)
10.2.1.Overview
10.2.2.Industrial Grade
10.2.3.Superior Grade
10.3.Middle East Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)
10.3.1.Overview
10.3.2.Chemical Catalyst
10.3.3.Flame Retardant
10.3.4.Organic Solvent
10.3.5.Pesticide Intermediates
10.3.6.Others

11.Africa
11.1.Africa Triethyl Phosphate Market, by Country, 2015-2027 (US$ Mn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Triethyl Phosphate Market, By Type, 2015-2027 (US$ Mn)
11.2.1.Overview
11.2.2.Industrial Grade
11.2.3.Superior Grade
11.3.Africa Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)
11.3.1.Overview
11.3.2.Chemical Catalyst Flame Retardant Organic Solvent
11.3.3.Pesticide Intermediates Others

12.Global
12.1.Global Triethyl Phosphate Market, By Type, 2015-2027 (US$ Mn)
12.1.1.Overview
12.1.2.Industrial Grade
12.1.3.Superior Grade
12.2.Global Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)
12.2.1.Overview
12.2.2.Chemical Catalyst
12.2.3.Flame Retardant
12.2.4.Organic Solvent
12.2.5.Pesticide Intermediates
12.2.6.Others

13.Company Profiles
13.1.Merck KGaA
13.2.Eastman
13.3.Lanxess
13.4.Ningguo Long Day Chemical
13.5.Jilin Yonglin
13.6.Hongzheng Chemical
13.7.Donghu Chemical
13.8.Alfa Aesar
13.9. Jiangsu Victory Chemical Co., Ltd.

List of Figures

FIG. 1Global Triethyl Phosphate Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Triethyl Phosphate Market Segmentation
FIG. 4Global Triethyl Phosphate Market, by Type, 2019 (US$ Mn)
FIG. 5Global Triethyl Phosphate Market, by Application, 2019 (US$ Mn)
FIG. 6Global Triethyl Phosphate Market, by Geography, 2019 (US$ Mn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Triethyl Phosphate Market Manufacturers, 2019
FIG. 9Global Triethyl Phosphate Market Value Contribution, By Type, 2019 & 2027 (Value %)
FIG. 10Global Triethyl Phosphate Market, by Industrial Grade, Value, 2015-2027 (US$ Mn)
FIG. 11Global Triethyl Phosphate Market, by Superior Grade, Value, 2015-2027 (US$ Mn)
FIG. 12Global Triethyl Phosphate Market, by Type 3, Value, 2015-2027 (US$ Mn)
FIG. 13Global Triethyl Phosphate Market, by Type 4, Value, 2015-2027 (US$ Mn)
FIG. 14Global Triethyl Phosphate Market, by Type 5, Value, 2015-2027 (US$ Mn)
FIG. 15Global Triethyl Phosphate Market, by Others, Value, 2015-2027 (US$ Mn)
FIG. 16Global Triethyl Phosphate Market Value Contribution, By Type, 2019 & 2027 (Value %)
FIG. 17Global Triethyl Phosphate Market, by Chemical Catalyst, Value, 2015-2027 (US$ Mn)
FIG. 18Global Triethyl Phosphate Market, by Flame Retardant, Value, 2015-2027 (US$ Mn)
FIG. 19Global Triethyl Phosphate Market, by Organic Solvent, Value, 2015-2027 (US$ Mn)
FIG. 20U.S. Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 21Rest of North America Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 22U.K. Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 23Germany Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 24France Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 25Rest of Europe Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 26Japan Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 27China Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 28India Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 29Rest of Asia Pacific Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 30Middle East & Africa Triethyl Phosphate Market, 2015-2027 (US$ Mn)
FIG. 31Latin America Triethyl Phosphate Market, 2015-2027 (US$ Mn)

List of Tables

 

TABLE 1 Market Snapshot: Global Triethyl Phosphate Market

TABLE 2 Global Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 3 Global Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 4 Global Triethyl Phosphate Market, by Application, 2015-2027 (US$ Mn)

TABLE 5 Global Triethyl Phosphate Market, by Geography, 2015-2027 (US$ Mn)

TABLE 6 North America Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 7 North America Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 8 North America Triethyl Phosphate Market, by Country, 2015-2027 (US$ Mn)

TABLE 9 Europe Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 10 Europe Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 11 Europe Triethyl Phosphate Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 12 Asia Pacific Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 13 Asia Pacific Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 14 Asia Pacific Triethyl Phosphate Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 15 Latin America Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 16 Latin America Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 17 Latin America Triethyl Phosphate Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 18 Middle East Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 19 Middle East Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 20 Middle East Triethyl Phosphate Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 21 Africa Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 22 Africa Triethyl Phosphate Market, by Type, 2015-2027 (US$ Mn)

TABLE 23 Africa Triethyl Phosphate Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 24 Merck KGaA: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 25 Eastman: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 26  Lanxess: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 27 Ningguo Long Day Chemical.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 28 Jilin Yonglin: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 29  Hongzheng Chemical: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 Donghu Chemical: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 Alfa Aesar: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 32 Jiangsu Victory Chemical Co., Ltd.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 33 Company 10: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 34 Company 11: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 35 Company 12: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 36 Company 13: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently asked questions 

What are the consequences of COVID 19 on global Triethyl Phosphate industry?

With regional governments taking steps to boost economic growth and improve the output of the industrial sector, triethyl phosphate is expected to expand in the next 3-4 quarters, following the growth of the industrial chemicals industry

Which are the various Types of Triethyl Phosphate?

Industrial Grade and Superior Grade are different Types of Triethyl Phosphate. Industrial grade is anticipated to grow at fast pace as compare to its counterpart

Who are the key players in the global Triethyl Phosphate industry?

Eastman Chemical Company, Alfa Aesar, Jilin Yongli Chemical Co., Ltd., Donghu Chemical, Lanxess AG, Merck KGaA, Ningguo Long Day Chemical Co., Ltd., Hongzheng Chemical, Jiangsu Victory Chemical Co., Ltd. and others are the key players operating in this market

Which is the fastest growing application segment for global Triethyl Phosphate industry?

Organic Solvent application offers tremendous opportunities to players

Which is the leading regional market for global Triethyl Phosphate industry?

South East Asia has the largest share owing to various developments happening in this space

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