Data Bridge Market Research analyses the phosphate esters market will exhibit a CAGR of 8.40% for the forecast period of 2022-2029 and is expected to reach the USD 2,317.70 million by 2029.

Phosphate esters are chemical molecules that are produced by combining alcohol and phosphoric acid. These esters are orthophosphoric acid compounds that function as active anionic surfactants. When mixed with polyethylene glycol, phosphate esters are utilized as drilling fluids and lubricants. They are also employed as a coupling agent and have a high ignition temperature and oxidation stability. Phosphate esters are used in a variety of industries, including polymer and plastics, oil and gas, textiles, and others.