Tris Nonylphenyl Phosphite Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Application (Antioxidant and Stabilizer), by End-user Industry (Plastics, Rubber, Oil & Gas, and Others), and by Geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa)

Market Snapshot

Tris Nonylphenyl Phosphite Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 3 %

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Market Overview

The market for tris nonylphenyl phosphite is expected to grow at a CAGR of 3% globally during the forecast period. Growing demand from the plastics industry along with increasing demand from the rubber industry are driving the market growth. On the flip side, stringent environmental regulations coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • The tris nonylphenyl phosphite market is expected to grow during the forecast period owing to the growing demand from the plastics industry.
  • Asia-Pacific region to dominate the market across the globe with the largest consumption from countries such as India and China.

Scope of the Report

The Tris Nonylphenyl Phosphite Market report include:

Application
Antioxidant
Stabilizer
End-User Industry
Plastics
Rubber
Oil & Gas
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand from the Plastics Industry

  • During plastics manufacturing, oxidation leads to discoloration and general disorientation. This can either be caused by oxidation and free radical generation. Free radicals are generated due to heat, mechanical stress, and radiation. Antioxidants react with free radicals and prevent degradation of plastics. Whereas stabilizers, improve stability to heat and prevent a chain reaction of decomposition. The growing plastics industry is expected to drive the market.
  • Moreover, Europe is home for the second largest packaging industry after China and accounts for a global share of about 20% in 2018. The European packaging industry was valued at EUR 195 billion in 2018 and is expected to grow during the forecast period owing to the increasing use of food packaging and the e-commerce industry.
  • The growing demand for plastics from various industries such as automotive, packaging, electronics, etc., are expected to drive the market for tris nonylphenyl phosphite during the forecast period.
Tris Nonylphenyl Phosphite Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for tris nonylphenyl phosphite during the forecast period due to the increasing demand from countries like India and China.
  • The growing plastics industry in countries like India and China are expected to drive the market during the forecast period. In 2019, China produced about 75 million tons of plastic which are about 20% of the total world’s plastic production. Plastic is mainly used in the packaging industry for its lightweight and durability. The increasing e-commerce market is expected to drive the demand for plastics which accounts for around 30% of total plastics consumption.
  • Moreover, India’s packaging industry is the fifth-largest in the world and is growing at about 22-25% per year as per the Plastics Industry Association of India. Costs of packaging and processes food can be lower compared to other countries because of highly skilled labor and cheap labor costs. The growing population and increasing demand for packaging are expected to drive the market for plastics during the forecast period.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for tris nonylphenyl phosphite in the Asia-Pacific region during the forecast period.
Tris Nonylphenyl Phosphite Market Regional Trends

Competitive Landscape

The global tris nonylphenyl phosphite market is partially fragmented with players accounting for a marginal share of the market. Few companies include Addivant, DOVER CHEMICAL CORPORATION, Krishna Antioxidants Pvt. Ltd., Valtris Specialty Chemicals, and Galata Chemicals.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand From the Plastics Industry

      2. 4.1.2 Increasing Demand From the Rubber Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Antioxidant

      2. 5.1.2 Stabilizer

    2. 5.2 End-User Industry

      1. 5.2.1 Plastics

      2. 5.2.2 Rubber

      3. 5.2.3 Oil & Gas

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Addivant

      2. 6.4.2 Adishank Chemicals Pvt. Ltd.

      3. 6.4.3 Alfa Chemistry

      4. 6.4.4 DOVER CHEMICAL CORPORATION

      5. 6.4.5 Galata Chemicals

      6. 6.4.6 Krishna Antioxidants Pvt. Ltd.

      7. 6.4.7 SANDHYA GROUP

      8. 6.4.8 Valtris Specialty Chemicals

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand For Packaged Food

**Subject to Availability

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Frequently Asked Questions

The Tris Nonylphenyl Phosphite Market market is studied from 2016 - 2026.

The Tris Nonylphenyl Phosphite Market is growing at a CAGR of 3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Addivant, DOVER CHEMICAL CORPORATION, Krishna Antioxidants Pvt. Ltd., Valtris Specialty Chemicals, Galata Chemicals are the major companies operating in Tris Nonylphenyl Phosphite Market.

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