Tris Nonylphenyl Phosphite Market Size, Share & Trends Analysis Report By Application (Antioxidants, Stabilizer), By End Use (Plastics, Rubber, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030
Tris Nonylphenyl Phosphite Market Size, Share & Trends Analysis Report By Application (Antioxidants, Stabilizer), By End Use (Plastics, Rubber, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030
Tris Nonylphenyl Phosphite Market Trends
The global tris nonylphenyl phosphite market size was estimated at USD 347.68 million in 2023 and is projected to grow at a CAGR of 5.9% in terms of revenue from 2024 to 2030. The market is driven by the increasing demand for antioxidants in the polymer and plastic industry. The tris nonylphenyl phosphite (TNPP) is widely used as a heat stabilizer and antioxidant in various polymer applications to improve the thermal stability and durability of the final products. The growth of the automotive and construction industries, particularly in emerging economies, is further boosting the demand for TNPP. The growing awareness of the benefits of using antioxidants to extend the lifespan of polymers is expected to stimulate market growth.
TNPP is primarily used as a stabilizer and antioxidant in processing various plastic materials (LLDPE, PVC, rubber, and HDPE) in concentrations between 0.05 and 3%. TNPP is an important process stabilizer for thermoplastic polymers such as polyethylene, polyester, and polypropylene. TNPP's industrial uses include manufacturing packaging materials and plastic products for plastics and manufacturing unlaminated film and sheets as stabilizers. TNPP is also suitable for elastomers such as NBR, SIS, and SBR. It is highly effective in light-colored solutions and emulsion-polymerized elastomers. TNPP prevents buildup, increases viscosity, and retains tack adhesive.
Global Tris Nonylphenyl Phosphite Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global tris nonylphenyl phosphite market report based on application, end use, and region:
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Antioxidant
Stabilizer
Other Applications
End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Plastics
Rubber
Oil & Gas
Other End Uses
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
South Africa
Please note The report will be delivered in 4-8 business days upon order notification.