A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Tris
Nonylphenyl Phosphite
Market. The
study, titled “Tris
Nonylphenyl Phosphite Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Tris
Nonylphenyl Phosphite Market: Overview
Tris
nonylphenyl phosphite (TNPP) is a water soluble viscous liquid. Its
physical appearance is colorless to pale yellow. TNPP has chemical
formula of C45H69O3P. It is moisture sensitive as well as
combustible. TNPP releases irritating or toxic fumes (or gases) upon
catching fire. It produces various phosphorus oxides forms upon
combustion. Person should avoid all contact with TNPP.
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TNPP
is primarily employed as heat stabilizer for polymer processing,
especially for polyvinylchloride and un-vulcanized rubbers. It is a
phenolic antioxidant, which is also used in the manufacture of
polyethylene resin. Furthermore, it is employed to maintain
performance integrity, color stability, and processing stability of
ABS, polycarbonate, polyolefins, and vulcanized rubber.
Tris
Nonylphenyl Phosphite Market Trends
TNPP
is toxic to aquatic organisms. It can cause long-term effects on the
aquatic environment. Hence, various regulatory restrictions are
placed on its consumption in consumer goods, food packaging, and
hygiene products industries.
The
TNPP market is expanding due to the increase in demand for TNPP in
stabilizers, petrochemicals, and rubber industries across the globe.
Capacity expansions in the petrochemicals industry and rise in demand
for polymer products are also driving the global TNPP market.
In
terms of application, heat stabilizer holds the major share of the
global TNPP market. TNPP as antioxidant is economical in terms of
price-to-performance ratio. This makes it a preferable polymer
antioxidant in the plastics industry. The petrochemicals industry is
expected to exhibit high growth rate in terms of consumption of TNPP.
However, industries such as food packaging and hygiene products have
limited consumption of TNPP due to stringent regulatory restrictions.
Manufacturers in these industries are launching products that are
free of nolyl and can be preferred in food packaging applications.
Tris
Nonylphenyl Phosphite Market Segmentation
Based
on application, the TNPP market can be segmented into heat stabilizer
and antioxidant. Based on end-user industry, the TNPP market can be
divided into polymers and plastics, rubber, petrochemicals, food
packaging, and hygiene products.
Tris
Nonylphenyl Phosphite Market: Region-wise Outlook
Asia
Pacific held the major share of the TNPP market in 2015, followed by
North America and Europe. China is one of the key consumers of TNPP
in Asia Pacific. Manufacturers in plastic and petrochemicals
industries are likely to carry out capacity expansions in the near
future. This is projected to drive the demand for TNPP in these
end-use applications.
Tris
Nonylphenyl Phosphite Market: Key Players
Key
players operating in the TNPP market include Addivant USA LLC, Galata
Chemicals Holding GMBH, Dover Chemical Corporation, Sterling
Auxiliaries Pvt. Ltd., Songwon Industrial Co. Ltd, Gulf Stabilizers
Industries, Sandhya Group, Wego Chemical Group, Everspring Chemical
Company Co., Ltd., and Akcros Chemicals.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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