Phosphate Ester Market Share

APAC Market Statistics

The Asia Pacific phosphate ester market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The population expansion, rapid urbanization. Moreover, massive demand for power supply are predicted to impel the growth of the phosphate ester market in the region, as specially refined phosphate base stocks and additives are used in the manufacture of turbofluids that are employed in power generation applications. For instance, China generated about 8000 terawatt hours of electricity in 2021, roughly 9% more when compared to its yield in 2020.