Escalating Demand for CHPTAC as a Chemical Additive in Paper Industry to Drive Market Growth
Increasing consumption of 3-chloro-2-hydroxypropyl trimethyl ammonium chloride (CHPTAC) in a wide range of industries including but not limited to paper industry, textile and water treatment industry will reap fruitful opportunities in the market.
Efficacy of CHPTAC to act as a liquid cationic etherification agent has significantly driven its demand in textile industry. The scenario is expected to continue owing to its usage as a warp sizing agent.
Increased consumption of CHPTAC in water treatment industry as a flocculant is projected to create ample opportunities in the market. Escalating need for water treatment plants across the globe is forecast to create remunerative opportunities for the market.
The factors above are set to propel the CHPTAC market at moderate rate of ~4% throughout the forecast period (2019-2029)
Since, last few years, prices of CHPTAC have been stable. As per Fact.MR estimates, the prices of CHPTAC are expected to have minimal fluctuation over the forecast period.
Markets like Middle East & Africa and Latin America will witness pricing on higher side owing to limited number of suppliers coupled with less demand from the region.
Furthermore, ongoing trade conflicts with China might affect the trade flow, which would eventually influence price fluctuation in the region.
Paper Industry to Account for Lions Share in CHPTAC Market
Paper industry is projected to remain a highly lucrative industry and is forecast to account for more than half of the market share by 2029.
Myriad applications of CHPTAC including but not limited to internal binders, reinforcers, and packing will create remunerative opportunities in the market. Trend of fillers and fine fibers trapped additives in paper industry will augment the demand for CHPTAC during the forecast period.
Furthermore, personal care is forecast to witness burgeoning growth rate over other industries and is poised to expand a positive rate of ~8% over the assessment period.
Ability to act as cationic surfactants in cosmetics will increase its demand in personal care industry creating lucrative opportunities in the market. Additionally, Nutraceutical industry is set to emerge as a driving factor in CHPTAC market which would amplify the market’s growth.
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North America to Remain in Vanguard, with Europe Close Behind
North America has dominated the market in 2018, and is forecast to maintain its supremacy in the market over other regions during the forecast period. United States is one of the prominent regions in paper industry and ongoing expansion in U.S. shale gas production capacities will pave new opportunities in the market.
U.S has dominated the North America CHPTAC market and is projected to account for over three fourth of the regional share by 2029.
North America is followed by Europe and is likely to experience sluggish growth rate throughout the assessment period. European region is driven by EU-4 countries, which have accounted for near half the regional share.
Germany, being the top paper producer in the region will dominate the demand pie in the regional share. Whereas, NORDIC is set to reap lucrative opportunities in the market and is expected to account for near one third of the market share by 2029.
Furthermore, APEJ is poised to witness dominating growth rate of ~5.5% and is set to gain 320 BPS in its market share by the end of 2029. The anticipated growth is backed by China which is the world’s largest paper and textile producing country, driving the regional demand over the forecast period. India is projected to emerge as highest lucrative region expanding annually at a growth rate of ~7%.
Application Specific Products Generate New Revenue Streams for CHPTAC Market Players
CHPTAC market is a partially consolidated market, where 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.
Market players have been observed to follow a conservative approach during the historical period.
However, Chinese players have been involved in production capacity expansion of cationic etherifying agents to expand their regional and global roots. CHPTAC offers a range of applications which has pushed the market players to expand their product portfolio.
- For instance, Dongying J&M Chemical Co., Ltd offers Cationic Reagent Quat 188, which acts as an impregnation agent and as a raw material in the dye industry.
- Similarly, Quat 188 65% Cationic Monomer offered by Dow imparts increased hygroscopicity which makes it material of choice in fabric softener applications.
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CHPTAC Market: Segmentation
Fact.MR has segmented the CHPTAC market on the basis of application, end use and region.
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
CHPTAC Market - Scope of the Report
The CHPTAC market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2019 - 2029. The study predicts crucial trends that are determining growth of the CHPTAC market.
This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the manufacturing of CHPTAC.
The report primarily conveys a summary of the market, considering the present and upcoming paper & pulp industry, oil & gas, and water treatment industry developments to reveal striking sides relating to the adoption of CHPTAC across prominent regional markets.
A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the CHPTAC market enhance the reliability of this comprehensive research study.
CHPTAC Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the CHPTAC market across the globe.
A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.
CHPTAC Market: Analysis on Market Size Evaluation
Existing predictions of the CHPTAC market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of CHPTAC is available in terms of value (US$ Mn) and volume (Kilo Tons). A Y-o-Y growth contrast of the prominent CHPTAC market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on CHPTAC types, where CHPTAC witnesses a steady demand.
CHPTAC Market: Scrutinized Assessment on Regional Segments
The weighted sections have been elaborated in the report of the CHPTAC market, which deliver projection on regional markets.
These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the CHPTAC market during the forecast period.
Country-specific valuation on the demand for CHPTAC has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries.
For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
CHPTAC Market: In-depth Analysis on Competitive Landscape
The report offers the competitive scenario of the CHPTAC market, along with profiles of prominent companies contributing to market expansion.
Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of CHPTAC, have been presented with the help of a detailed dashboard view.
The market share analysis and comparison of prominent players provided in the report permit readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which exert essentials such as product portfolio, along with all-inclusive SWOT analysis on each player. The company’s presence is mapped and presented through the matrix for all prominent players functioning in the CHPTAC market.
It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting competition levels in the CHPTAC market. Prominent companies operating in the global CHPTAC market include Chemigate Oy, Dongying Guofeng Fine Chemicals Co, Ltd, Dongying J&M Chemical Co, Ltd, Dow, Hefei TNJ Chemical Industry Co.,Ltd. and Sachem Inc.
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