Phosphate is a salt or ester of orthophosphoric acid. It is a polyatomic ion containing a phosphorous atom bonded to four oxygen atoms. Phosphates, with an empirical formula of PO43−, occur either in minerals or as organophosphates in organic molecules. Phosphate salts found in mines are refined and purified for various applications. Phosphate salts offer solubility, dispersion and absorption capabilities, sequestering (chelating) power, and buffering strength. Tributyl phosphate, a colorless-odorless viscous liquid, is the tributyl ester of phosphoric acid. Tributyl phosphate is also referred to as TBP and has molecular formula of C12H27O4P or (C4H9)3PO4. Industrial uses of tributyl phosphate include adhesives and sealant chemicals, flame retardants, functional fluids (closed systems and open systems), and lubricants & lubricant additives. Consumer applications include adhesives and sealants, building & construction materials, inks, toners, and colorant products.

The global tributyl phosphate market is primarily driven by the increase in demand for tributyl phosphate in various end-use industries. Tributyl phosphate is used as an extractant to produce rare earth elements such as uranium, yttrium, lanthanum, cerium, and neodymium. Demand for rare earth elements is increasing, as they are employed widely in modern technology, high-tech technology, and futuristic applications. Rise in demand for rare earth elements is anticipated to boost the global tributyl phosphate market. Demand for tributyl phosphate is estimated to increase as it is used as anti-foaming agent in detergent solutions. It is also used in mercerizing liquids to improve their wetting properties. Increase in usage of tributyl phosphate as plasticizer for cellulose esters such as nitrocellulose, cellulose acetate, vinyl resins, and plastics is anticipated to drive the global tributyl phosphate market. However, the toxic nature of tributyl phosphate and fluctuation in prices of raw material are projected to hamper the tributyl phosphate market.

Based on purity type, the tributyl phosphate market can be segmented into purity: 98% and purity: 90%. The purity: 98% segment holds key share of the global tributyl phosphate market. Tributyl phosphate with purity: 98% possesses suitable characteristics such as wettability and solvency for end-use applications.

In terms of application, the tributyl phosphate market can be divided into solvent, flame retardant, defoaming agent, plasticizer, and others. The solvent agent segment accounts for significant share of the global tributyl phosphate market. Tributyl phosphate is used as a solvent in inks, synthetic resins, adhesives, and gums. It is also employed as solvent in the extraction & mining industry.

Based on end-use industry, the tributyl phosphate market can be segregated into agriculture, textile, mining, paper making, oil & gas, automobile, and others. The mining segment is estimated to constitute major share of the global tributyl phosphate market in the near future. Tributyl phosphate is also used as defoamer additive in cement casings for oil wells, as additive for coatings and floor finishes, as carrier for fluorescent dyes, and as component of aircraft hydraulic fluid.

In terms of geography, the tributyl phosphate market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a rapid pace due to the growth in industrialization in countries such as China, Japan, and India. North America and Europe also constitute significant share of the market owing to the increase in demand for tributyl phosphate in the mining industry in these regions.

Key players operating in the global tributyl phosphate market include Tokyo Chemical Industry Co., Ltd., Connect Chemicals GmbH, LANXESS, Guizhou Zerophos Chemical Co., Ltd, Eastman Chemical Company, and Kemcore. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Tributyl Phosphate Market

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