The market is driven by rising applications as a fire retardant. Phosphate esters are natural esters, when utilized with carefully chosen added substances, giving a gathering of manufactured liquids that can be utilized where fire resistance is required. Their high ignition temperatures, excellent oxidation stability, and low vapor pressure make them difficult to burn. This property of phosphate esters makes them the most used fire-resistant material. Furthermore, various fire standards around the world increase the demand for flame retardants. In addition, the rising demand for phosphate esters from the automobile industry is another factor supporting the phosphate esters market growth.
However, the side effects of phosphate esters as a food additive is one of the factors hindering the phosphate esters market growth. Phosphate additives in food are a matter of concern, and their potential impact on health may well have been underappreciated. Foods with added phosphate tend to be eaten by people at the lower end of the socioeconomic scale, who consume more processed and fast…
