Aluminum diethyl phosphinate is a halogen-free, inorganic substance derived from diethyl phosphinate and increasingly deployed, in condensed form, as a flame retardant for different polymers such as polyesters, thermostat resins, and polyamides.
Aluminum diethyl phosphinate has superb temperature stability and hence has been deployed extensively in polyamide production.
Reduced Emission of Toxic Substances and Smoke Expected to Help Increase Demand for Aluminum Diethyl Phosphinate in Future
Products that contain aluminum diethyl phosphinate have been shown to possess properties such as reduced smoke and toxicity, increased thermal stability, and high dispersion ability.
As a result, the demand for aluminum diethyl phosphinate has witnessed an increase in the last few years and propelled the overall aluminum diethyl phosphinate market, too.
Aluminum diethyl phosphinate has been deployed in the electrical and electronics industries in the last few years for the production of cables, switches, electrical connectors, cables insulation, and electrical wires.
There has been a rise in demand for risk-free electrical products and aluminum diethyl phosphinate has proven to be a suitable raw material to produce these products, leading to increased product demand and propelled the overall aluminum diethyl phosphinate market, too.
Some of the features offered by aluminum diethyl phosphinate in electrical products include superb electrical insulation, excellent compatibility, and improved flame retardance.
Government regulations and specifications concerning fire protection in different application areas such as textiles and electrical and electronic segments could help increase the demand for aluminum diethyl phosphinate and propel the overall market, too.
COVID-19 Pandemic Dents Growth in Overall Aluminum Diethyl Phosphinate Market
The future of the aluminum diethyl phosphinate market did look optimistic in the last few years, but the outbreak of the COVID-19 pandemic dented market growth significantly.
With governments imposing strict social distancing regulations and lockdowns in a bid to contain the spread of the virus, manufacturing facilities producing phosphorous-based flame retardants were forced to shut down temporarily or permanently.
As a result, the demand for aluminum diethyl phosphinate also decreased significantly and negatively impacted the overall market growth.
But with the subsequent reduction in cases and availability of vaccines, production units could start operations in full capacity soon, leading to increased demand for aluminum diethyl phosphinate, which would positively impact the overall market, too.
The demand for aluminum diethyl phosphinate, however, could witness a decline in future if manufacturers look for raw materials, that are more eco-friendly.
Availability of Better Alternatives, Lack of Global Awareness Could Adversely Affect Aluminum Diethyl Phosphinate Market Growth
While aluminum diethyl phosphinate does not emit as much smoke and is less toxic in comparison with other products, the availability of suitable alternatives, which are more environment-friendly could affect demand for aluminum diethyl phosphinate in the years ahead.
High demand for aluminum diethyl phosphinate has been witnessed in different industries, but primarily in developed economies, so far. A reason for this is the lack of complete awareness about the benefits of aluminum diethyl phosphinate in production activities in developing countries.
This could result in reduced product demand and affect the growth in the overall aluminum diethyl phosphinate market, in future.
The global aluminum diethyl phosphinate market is highly consolidated, with the presence of very few market players.
Many of these players will seek funding from private investors, which could them in their long-term growth.
Few aluminum diethyl phosphinate market players could use the funding and invest them in research and development undertakings in a bid to produce an improved quality of products, which would meet the requirements of many customers in different industries globally.
Leading market players could collaborate with the smaller players in a bid to expand their market presence and increase their revenue shares.