Burgeoning Demand from Niche Applications to Reap Numerous Opportunities in the CHPTAC Market, Opines Fact.MR
Published : 29 Jan 2020 Industry: Chemical & Materials
Escalating demand from paper industry for 3-chloro-2-hydroxypropyl trimethyl ammonium chloride (CHPTAC) as a chemical additive is forecast to propel the CHPTAC market. Increasing demand from its niche applications such as water treatment, nutraceuticals, and dyes are poised to create a progressive environment for CHPTAC market. Being a liquid cationic etherification agent, CHPTAC’s consumption has witnessed a rise during historical period (2014-2018) in the preparation of conditioning polymers for hair and skin care products. The aforementioned factors are likely to fuel the market, creating an absolute dollar opportunity worth US$ 90 Mn over the forecast period (2019-2029).
Key Takeaways of CHPTAC Market:
- Burgeoning demand of CHPTAC in myriad industries including but not limited to paper, textile, water treatment, oil & gas and personal care will drive the market at a CAGR of ~4% till 2029
- Personal care industry is poised to expand at a leading growth rate among other industries and would gain 140 BPS (base share points) by 2029.
- In terms of value and volume, cationisation of starch has dominated the market in 2018 and is poised to account for over one third of the revenue share by 2029
- Paper industry is projected to remain a highly lucrative end use industry and is set to create an absolute dollar opportunity worth US$ 55 Mn during the forecast period.
- APEJ is poised to expand at a steady growth rate of ~5.5% among other regions, creating absolute dollar opportunity worth US$ 29 Mn by 2029
“Being a cationic agent, CHPTAC not only improves adhesion to polar substrates but also improves the bonding of the dye which will pave the way for numerous opportunities for market players”, says the Fact.MR analyst.
Diversified Portfolio to Remain Key Market Tenet of CHPTAC Market Players
CHPTAC market is partially consolidated in nature in which Chemigate Oy, Dongying Guofeng Fine Chemicals Co, Ltd, Dongying J&M Chemical Co, Ltd, Dow, Hefei TNJ Chemical Industry Co.,Ltd. and Sachem Inc are the key stakeholders. In terms of volume, Chinese players are leading in the production of CHPTAC. Increasing applications of CHPTAC as an antistatic agent, fabric softener, asphalt emulsifiers, emollient, and its utilization in various surfactant applications is pushing players to expand their product portfolio. For instance, Quat 188 offered by Dow, and Reagens 65 offered by SACHEM are focused towards above mentioned applications and will increase their market penetration, strengthening their position over other players.
More Valuable Insights on CHPTAC Market:
Fact.MR, in its new offering, presents an unbiased analysis of the CHPTAC market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the CHPTAC on the basis of application (cationisation of starch and quaternisation of cellulose, protein, guar and other derivatives) and end use industry (paper, textile, water treatment, oil & gas, personal care and others (nutraceuticals, dyes, etc.) across six major regions.
>>> To Get more insights on CHPTAC market, visit-https://www.factmr.com/report/2444/chptac-market
About the Chemicals & Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations - the Chemicals & Materials team at Fact.MR helps clients from all over the globe with their unique business intelligence needs and requirements of entire value chain of Chemical & Materials sector. A team of passionate analysts track the performance of the existing Chemicals & Materials as well as those that have just entered their product life cycle. With a repertoire of over 1,000 reports and 1 million plus data points, the team has analyzed the Chemicals & Materials lucidly in 50+ countries for over a decade. The Chemicals & Materials team at Fact.MR has been assisting clients in their business expansion as well as new ventures, through their analysis and recommendations.