Tris Nonylphenyl Phosphite Market - Forecast(2021 - 2026)

 

Tris Nonylphenyl Phosphite Market Overview

Tris Nonylphenyl Phosphite Market size is forecast to reach $471.5 million by 2025, after growing at a CAGR of 6.1% during 2020-2025. Tris nonylphenyl phosphite (TNPP) is preferred as a stabilizer in many end-use industries since it prevents the reduction of molecular weight and increases the composite's tensile strength. It can also be used as a chain extender to enhance the polymeric viscosity during the melting of poly (hydroxybutyrate-co-hydroxy valerate)-based clay nanocomposites that are used as packaging materials. Tris Nonylphenyl Phosphite is a clear and an insoluble liquid which acts as an important commercial chemical that is used in making plastics and rubber products. Hence, these factors of the tris nonylphenyl phosphite industry are expected to drive the market in the forecast period.


Tris Nonylphenyl Phosphite Market Report Coverage

The: “Tris Nonylphenyl Phosphite Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Tris Nonylphenyl Phosphite Industry.
By Application: Heat Stabilizers, Anti-Oxidant, Hardening Agent, Chemical Intermediate, and Others
By End Use: Pharmaceutical Industry, Plastics & Rubber Industry, Agrochemical Industry, Adhesives and Sealants Industry, Food Packaging Industry, and Others
By Geography: North America, South America, Asia Pacific, Europe, and Middle East & Africa


Key Takeaways

  • Tris Nonylphenyl Phosphite is used as an anti-oxidant for various polymer types, particularly in non-toxic applications such as PVC bottles, food wrapping, and food container sealing gaskets due to its clear viscous hydrolytic stable liquid.
  • It is anticipated that the demand for tris nonylphenyl phosphite will be hindered by certain regulatory challenges related to the use of phenyl-based phosphite antioxidants. Some of the phenyl-based antioxidants are not preferred for use in the food packaging industry and this has led to concerns for some of the producers who are investing in the new non-toxic product development that can be used in the food packaging industry.
  • The Manufacturing and Chemical Industry is being significantly affected due to the COVID-19 pandemic as they depend on workers whose jobs cannot be carried out remotely. In the current situation, this factor restricts the growth of the tris nonylphenyl phosphite market.


Tris Nonylphenyl Phosphite Market Segment Analysis - By Application

Heat Stabilizers are widely used in the tris nonylphenyl phosphite market. Because of its intrinsic properties, Tris nonylphenyl phosphite is one of the most favored phosphite stabilizers. The phosphite stabilizer helps to maintain the color and melt flow during the processing of polymers. Stabilization protection against heat degradation during processing or in use is also needed for plastics, especially thermoplastics. Additionally, phosphite stabilizers offer better hydrolytic stability during transportation and shipping which prevents chemical decomposition. These attributes of the product make it a widely preferred material in various applications such as petrochemicals, food packaging, and hygiene products.


Tris Nonylphenyl Phosphite Market Segment Analysis - By End Use

Plastics and Rubber Industry held the largest share in the tris nonylphenyl phosphite market (TNPP) in 2019 and is projected to grow at a CAGR of 5.6% during the forecast period 2020-2025. The main use of Tris Nonylphenyl Phosphite (TNPP) is as a stabilizer and antioxidant in the processing of various plastic materials (PVC, LLDPE, HDPE, and rubber), where it is used in concentrations of between 0.05 and 3%. For thermoplastic polymers such as polyester, polyethylene, and polypropylene Tris Nonylphenyl Phosphite (TNPP) is an important process stabilizer. Tris nonylphenyl phosphite's industrial uses include the manufacture of plastics products and packaging materials for plastics and the manufacture of unlaminated film and sheet as stabilizers. Tris Nonylphenyl Phosphite (TNPP) is suitable for diverse elastomers such as SBR, NBR, and SIS as well. It is highly effective in emulsion polymerized elastomers and light-colored solution. Tris Nonylphenyl Phosphite (TNPP) is excellent in preventing buildup, viscosity increase, and retention of tack adhesive. It also prevents the yellowing of synthetic rubbers and ABS plastics during the process of heat. Hence, these factors will drive the market for Tris Nonylphenyl Phosphite in the forecast period.

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