Tris Nonylphenyl Phosphite Market, Size, Share, Evaluation, 2021-2028

iCrowd Newswire
23 Nov 2021, 04:20 GMT+10

Market Overview

The Global Tris Nonylphenyl Phosphite Market is expected to grow at a high CAGR during the forecasting period (2021-2028).

Tris nonyl phenyl phosphite (TNPP) is a water-soluble viscous liquid. Its physical appearance is colorless to pale yellow. It has a chemical formula of C45H69O3P. It is moisture sensitive as well as combustible. The chemical releases irritating or toxic fumes (or gases) upon catching fire. It produces various phosphorus stabilizer forms upon combustion. People working with TNPP should avoid all contact with it.

TNPP is primarily used as a heat stabilizer for polymer processing, specifically for polyvinylchloride and un-vulcanized rubbers. It is a phenolic antioxidant, which is also utilized in the production of polyethylene resin. Furthermore, it is used to sustain color stability, performance integrity, and processing stability of ABS, polyolefins, polycarbonate, and vulcanized rubber.

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Market Dynamics

The global tris nonyl phenyl phosphite market is expected to grow substantially during the forecast period. Overall, the key factor driving the global tris nonyl phenyl phosphite market is the rising demand for phosphite antioxidants from the petrochemical and plastic industries. The major applications of tris nonyl phenyl phosphite are stabilizers, petrochemicals, and rubber. Tris nonyl phenyl phosphite is one of the most preferred phosphite stabilizers due to its inherent properties. The phosphite stabilizer helps in preserving the color and melt flow during polymer processing. Growth of chemical, food, and pharmaceutical industry, rising usage of phosphite based antioxidants in polymer, petrochemicals, the rubber industry, and others, changing lifestyle of the consumers, growing preferences of packaged foods are some of the factors that will enhance the growth of the tris nonyl phenyl phosphite market in the forecast period of 2020-2027. On the other hand, rising applications from emerging economies will further boost various opportunities that will lead to the growth of the tris nonyl phenyl phosphite market in the above-mentioned forecast period.

Increasing adverse health effects ar expected to hinder the growth of the tris nonylphenyl phosphite market in the assessment period. During plastics manufacturing, oxidation leads to discoloration and general disorientation. This can either be caused by oxidation and free radical generation. The free radicals are generated due to mechanical stress, heat, and radiation. Antioxidants react with free radicals and helps to prevent degradation of plastics. Whereas stabilizers improve stability to heat and enable to prevent a chain reaction of decomposition. The growing plastics industry is expected to drive the market. However, TNPP is toxic to aquatic organisms. It can cause long-term negative effects on the aquatic environment. Thus, various regulatory restrictions are placed on its consumption in food packaging, consumer goods, and hygiene products industries. The TNPP market is expanding due to the increase in demand for TNPP in petrochemicals, stabilizers, and rubber industries across the globe. Capacity expansions in the petrochemicals industry and surge in the demand for polymer products are also driving the global TNPP market.

Market Segmentation

By ApplicationAntioxidantStabilizerBy End-UserPlasticOil & GasBy RegionNorth AmericaEuropeSouth AmericaAsia Pacific

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Competitive Landscape

The global tris nonyl phenyl phosphite market is highly competitive. The key players operating in the global tris nonyl phenyl phosphite market which are contributing to the growth of the global market include Addivant USA, LLC (U.S.), Galata Chemicals Holding GmbH (Germany), Dover Chemical Corporation (U.S), Sterling Auxiliaries Pvt. Ltd. (India), Songwon Industrial Co., Ltd (Korea), Gulf Stabilizers Industries (Saudi Arabia) and the Sandhya Group (India).