Tris Nonylphenyl Phosphite Market worth 309.8 Million USD by 2021

The global tris nonylphenyl phosphite (TNPP) market is projected to reach USD 309.8 Million by 2021, at a CAGR of 5.6% from 2016 to 2021. The key factors driving the global tris nonylphenyl phosphite market is the rising demand for phosphite antioxidants from the petrochemical and plastic industries.

The major applications of tris nonylphenyl phosphite are stabilizers, petrochemicals and rubber. Tris nonylphenyl 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. In addition to this, phosphite stabilizers offer better hydrolytic stability which prevents chemical decomposition during transportation and shipping. These product attributes make it a widely preferred material in different applications like petrochemicals, food packaging and hygiene products.

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Stabilizers application is expected to lead the tris nonylphenyl phosphite market by 2021

The stabilizer application segment accounted for a major share of the global tris nonylphenyl phosphite market in 2015. TNPPs are used as stabilizers during polymer processing. These phosphite antioxidants offer superior compatibility with polyethylene products and are very economical in terms of price to performance ratio. These product attributes make it a preferable polymer antioxidant in the plastics industry. The consumption of TNPP in the petrochemicals segment is expected to grow at the highest rate during the forecast period. However, the consumption of TNPP in the others segment which includes food packaging and hygiene products, is limited due to regulatory restrictions. Some of the manufacturers are developing new products which are nonyl-free and are preferred for food packaging applications.

The Asia-Pacific region is expected to lead the tris nonylphenyl phosphite market during the forecast period

The Asia-Pacific region accounted for the largest share of the TNPP market in 2015, followed by North America and Europe. China is one of the major consumers of TNPP in the Asia-Pacific region. Some of the manufacturers in the plastic and petrochemicals industry have planned capacity expansions during the next 3-4 years and this is anticipated to drive the demand for TNPP from these end-use applications.

Major market players covered in this report are, 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).

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