Triethyl Phosphate Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Triethyl Phosphate Market in 2025 is assessed at USD 1.7 billion. The global market size was valued at around USD 1.64 billion in 2024 and is projected to grow at a CAGR of more than 4.7%, reaching USD 2.98 billion revenue by 2037. Asia Pacific is forecast to bring in USD 1.19 billion by 2037, driven by India’s acetic anhydride production and pharmaceutical growth.
The reason behind the growth is impelled by the growing production of chemicals across the globe. The global chemical sector has experienced significant growth as chemical producers are making significant global investments in research and development (R&D), and owing to the rising need for processes and goods dependent on chemicals,
For instance, in 2023, global chemical production (apart from medicines) increased by more than 1.0%. Particularly, global chemical production is expected to increase by around 2% on average from 2023 to 2025.
The growing demand for acetic anhydride is believed to fuel the triethyl phosphate market growth. Acetic anhydride is a raw material that can be utilized in chemical synthesis and is a necessary raw ingredient in the production of aspirin, acetaminophen, and other medications.
