strategically analyze the butylated triphenyl phosphate market segments based on individual growth trends, future prospects, and contribution to the total market The report "Butylated Triphenyl Phosphate Market by Application (Lubricants, Hydraulic Fluids, Flame Retardants), and Region - Global Forecast to 2026", The global butylated triphenyl phosphate market is projected to reach USD 30.7 Million by 2026, at a CAGR of 4.8% from 2016 to 2026. Browse 42 market data tables and 38 figures spread through 113 pages and in-depth TOC on “Butylated Triphenyl Phosphate Market by Application (Lubricants, Hydraulic Fluids, Flame Retardants), and Region - Global Forecast to 2026” Download Full PDF Brochure Early buyers will receive 10% customization on reports. This growth is mainly attributed to the increasing demand for butylated triphenyl phosphate from the automotive industry worldwide. The increasing number of vehicles around the world has led to an increase in the demand for lubricants, which is in turn is driving the global butylated triphenyl phosphate market. Lubricants application segment to lead the butylated triphenyl phosphate market by 2026 Lubricants was the largest application segment of the global butylated triphenyl phosphate market in 2015. The large share is attributed to the growing use of butylated triphenyl phosphate in the automotive industry as a flame retardant additive in lubricants and hydraulic fluids. Butylated triphenyl phosphates are used as lubricant and hydraulic fluids in light automobiles as well as heavy transportation vehicles. The automotive industry is growing globally, and according to the Organisation Internationale des Constructeurs d’Automobiles (OICA) correspondents’ survey, 90.78 billion vehicles were produced in 2015. Apart from lubricants, another major application for butylated triphenyl phosphate is in flame retardants. Butylated triphenyl phosphate’s superior flame retardant capabilities has led to an increase in its demand from the plastics industry. Asia-Pacific to lead the global butylated triphenyl phosphate market during the forecast period The Asia-Pacific region accounted for the largest share of the global butylated triphenyl phosphate market in 2015, followed by North America and Europe. China is one of the major consumers of butylated triphenyl phosphate in the Asia-Pacific region. The increasing number of vehicles in the Asia-Pacific region, and the rising demand for butylated triphenyl phosphate from the construction sector, are factors driving the Asia-Pacific butylated triphenyl phosphate market. Major market players covered in this report include Chemtura Corporation (U.S.), Israel Chemicals Ltd. (Israel), Lanxess AG (Germany), PCC Rokita S.A. (Poland), ROCOL (Division of ITW Inc.) (U.K.), Mattei Compressors Ltd (U.K.) and Chemwill Asia co., Ltd (China). To Request for sample pages click Here About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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