Tris Nonylphenyl Phosphite Market - Forecast(2024 - 2030)

Report Code: CMR 0669 Report Format: PDF + Excel

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.

Tris Nonylphenyl Phosphite Market Segment Analysis - By Geography

The Asia-Pacific held the largest share with 43.8% in the Tris Nonylphenyl Phosphite Market in 2019. The increasing demand for tris nonyl phenyl phosphite antioxidants from the end-use applications is mainly attributed to the growth in this market. TNPP offers excellent value for the money output ratio and is commonly preferred because of its economic benefits as a polymer production stabilizer. Increasing the consumption of stabilizers in the Asia-Pacific region is expected to drive this region's TNPP market. South Korea and India are the major countries of Tris Nonylphenyl Phosphite Market and are estimated to remain the same during the forecast period. In these two countries, growth is mainly due to the increasing demand for polymer stabilizers and petrochemical products. Song won Industrial Co., Ltd, is considered as one of the major producers of polymer stabilizers in South Korea region. According to the Department of Commerce, exports of Plastic & Rubber Articles in the period 2018-19 increased to US$ 9,443.69 million from US$ 7,572.68 million in the corresponding period of the previous year, recording a positive growth of 24.71 percent. According to the Ministry of Chemicals and Fertilizers, the Indian chemicals and petrochemicals sector has a significant potential to help India reach its goal of $5 trillion by 2025, stated Union Minister of Chemicals & Fertilizers.

Tris Nonylphenyl Phosphite Market Drivers

Increasing demand for Tris Nonylphenyl Phosphite in petrochemicals

The petrochemical industry is the second-largest consumer of antioxidant phosphites. In the past, demand for TNPP has been appreciated in the petrochemical industry because of its high processing stability. Tris Nonylphenyl Phosphite (TNPP) offers better stability and prevents polymer processing discoloration. In the petrochemical industry, these intrinsic properties make it a preferred material. Besides, the price fluctuations in TNPP are minimal, and this has helped TNPP consumption in the petrochemical industry. Owing to the rising demand from end-users, the petrochemical industry is planning major capacity expansions over the next 4-5 years. According to the Ministry of Chemicals and Fertilizers, the chemicals & petrochemicals industry plays an extraordinary role in shaping other industries of the country and also holds the power to bring a revolution in the country; this industry is expected to grow at a CAGR of 9.3% from USD 163 billion to USD 304 billion markets by 2025. Hence, with the growth in the petrochemical industry, the demand for Tris Nonylphenyl Phosphite (TNPP) is estimated to increase during the forecast period. 

Most polymers and resins tend to oxidize and form a layer and decolorize when treated under high temperatures, mostly exceeding 150 ° C. To prevent this, the addition of Tris Nonylphenyl Phosphite (TNPP) as an anti-oxidant is to give the resins and polymers a better-finished look and texture. Tris Nonylphenyl Phosphite (TNPP) is used in the production of unvulcanized rubber, polyolefins, and polyvinyl chlorides as an antioxidant and heat stabilizer. It is extremely efficient in giving excellent heat, color, and processing stability to the polymers and resins. It is used in the industrial for polymer, rubber, petrochemical, and food packaging industries.

Tris Nonylphenyl Phosphite Market Challenges

Health Hazards from Tris Nonylphenyl Phosphite in the food packaging industry

In the food packaging industry, TNPP is used as an anti-oxidant heat stabilizer in the packaging of food products. TNPP is a combustible material that produces extremely irritating gases when combusted. It is also very damaging to aquatic life. It is also considered at ingestion to be an endocrine-disrupting drug. TNPP works to reduce the degradation of polymers in the plastic packaging but during this process, it degrades itself to nonylphenyl, which then contaminates the food. Because of this, it has very stringent and rigorous regulations against its use in food packaging. The market is slowly switching from TNPP as an additive to other substitutes that are not as hazardous. Hence, the continuous use of phosphite in food packaging will create hurdles in the Tris Nonylphenyl Phosphite Market during the forecast period.

Tris Nonylphenyl Phosphite Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the tris nonyl phenyl Phosphite Market. In2019, the market of Tris Nonylphenyl Phosphite Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Tris Nonylphenyl Phosphite Market are Addivant, Dover chemicals, Galata Chemicals, Gulf Stabilizers Industry, Sterling Auxiliaries, Sandhya Group, Songwon, Sigma Aldrich, BOC Sciences, Hunan Chemicals among others.

1. Tris Nonylphenyl Phosphite Market - Market Overview
    1.1 Definitions and Scope
2. Tris Nonylphenyl Phosphite Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Application
    2.3 Key Trends by End Use
    2.4 Key Trends by Geography
3. Tris Nonylphenyl Phosphite Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Tris Nonylphenyl Phosphite Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Tris Nonylphenyl Phosphite Market – Industry Market Entry Scenario PremiumPremium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Tris Nonylphenyl Phosphite Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Tris Nonylphenyl Phosphite Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Tris Nonylphenyl Phosphite Market – By Application (Market Size -$Million)
    8.1 Heat Stabilizers
    8.2 Anti-Oxidant
    8.3 Hardening Agent
    8.4 Chemical Intermediate
    8.5 Others
9. Tris Nonylphenyl Phosphite Market – By End Use (Market Size -$Million)
    9.1 Pharmaceutical Industry
    9.2 Plastics & Rubber Industry
    9.3 Agrochemical Industry
    9.4 Adhesives & Sealants Industry
    9.5 Food Packaging Industry
    9.6 Others
10. Tris Nonylphenyl Phosphite Market –By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Spain
        10.3.6 Netherlands
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 ANZ
        10.4.4 Japan
        10.4.5 South Korea
        10.4.6 Rest of Asia Pacific
    10.5 ROW
        10.5.1 Middle East
   of Middle East
            10.5.2 Africa
       South Africa
       Rest of South Africa
11. Tris Nonylphenyl Phosphite Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis Premium
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Tris Nonylphenyl Phosphite Market - List of Key Companies by Country Premium 
14. Tris Nonylphenyl Phosphite Market - Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"