According to the latest market survey conducted by Future Market Insights, the global CHPTAC market is relishing a market valuation of USD 252.3 Million in 2023, and all are set to expand with a CAGR of 4.7 % during the 2023 to 2033 period. The market is anticipated to top a valuation of USD 399.3 Million by the end of the forecast period.
Attributes | Details |
---|---|
Market Size 2022 | USD 240.9 Million |
Market Size 2033 | USD 399.3 Million |
Value CAGR (2023 to 2033) | 4.7 % |
Collective Value Share: Top 3 Countries (2023E) | 30% to 35% |
3-Chloro-2-hydroxypropyl trimethyl ammonium chloride is referred to as CHPTAC. C6H15Cl2NO is the molecular formula for CHPTAC, sometimes referred to as Liquid Cationic Etherification Agent. The molecular weight of CHPTAC is 188.10. The paper, petroleum, water treatment, the commodity chemical industry, and others all employ CHPTAC extensively.
When kept at 20 °C, CHPTAC is a colorless, clear fluid with a density of 1.16 and a PH range of 3.0-5.0. A fluid cationic etherification reagent, CHPTAC is a 69% water solution at ambient temperature. Due to its transparency, odourlessness, and impurity concentration of less than 25PPM, CHPTAC is favorable. CHPTAC is used in the cationization of starch, the production of carnitine sales, the quaternization of guar protein, and the synthesis of cellulose.
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Over the period covered by the study (2018 to 2022), the market for CHPTAC was recorded to grow at a phenomenal CAGR of 4.1 % between 2018 and 2022, mostly due to the increasing demand for cationic reagents, emulsifiers from the personal care industry.
Whereas, as per the latest survey conducted by FMI, the CHPTAC market is expected to progress at a CAGR of 4.7 % between 2023 and 2033. Rising demand for CHPTAC from various end-use sectors includes paper, textiles, water treatment, oil & gas, and other industries (personal care, dye, nutraceuticals, cosmetics, and chemicals).
The usage of CHPTAC for Water Treatment.
CHPTAC is widely utilized in the water treatment infrastructure for the removal of contaminants. The cationic-modified flocculant CHPTAC is mostly preferred for wastewater treatment in developed and developing countries like the USA, and China.
According to the China National Bureau of Statistics, China invested USD 81.6 billion between 2015 and 2020 in its municipal wastewater system, including new treatment facilities, sewage pipeline construction and maintenance, rainwater-sewage diversion systems, sludge mitigation, reclaimed water, and first rainfall treatment. Between 2021 and 2025, China intends to construct or upgrade 80,000 km of sewage collecting pipeline networks and boost sewage treatment capacity by 20 million cubic meters/day.
Therefore, the increasing use of CHPTAC wastewater treatment plants is anticipated to fuel market expansion.
Increasing demand from the Paper industry.
One of the key sectors propelling the CHPTAC market is the rising demand for paper and its products, as well as the fastest expansion paper industry. CHPTAC has a molecular weight of 188.10, which is extensively used by the paper industry.
The production of cationic starch, a binder, and paper reinforcement used in the paper industry to boost the dry strength of paper, is made possible by the use of CHPTAC. Therefore, CHPTAC's market is anticipated to develop as a result of the expansion of the paper industry.
Cationic Reagent is the most preferred application segment due to rising demand from various end-use industries. An effective cationic reagent used to alter organic and synthetic polymers to synthesize quaternary ammonium compounds with a wide range of applications including chemical processing, personal care products/cosmetics, pulp and paper, Textiles, and water management industries.
Multiple rising industries and an increasing emphasis on the production of cationic reagents and ongoing technological innovations will pave the way for the market's expansion during the forecast period.
North America is the leading CHPTAC consumer, holding the majority of shares approximately 35-40% in global revenue in 2023, Due to the United States' prominence in the paper sector, North America is expected to dominate over the projected period. The textile sector has seen a substantial increase in demand for CHPTAC due to its effectiveness as a liquid cationic etherification agent.
In the North American textile industry, the United States is a significant market. In the worldwide textile sector in 2019, more than 41% of exports came from North America as a whole. CHPTAC's increasing use as a flocculent in the water treatment industry and the rising demand for water treatment facilities are likely to generate lucrative market opportunities.
The personal care sector uses CHPTAC as a cationic reagent as well. Therefore, it is anticipated that throughout the course of the projection period, demand for CHPTAC would rise as a consequence of the expansion of the personal care sector and all these market developments would fuel the region's demand for CHPTAC throughout the forecast period.
The CHPTAC market was dominated by Asia Pacific with a share of more than 45%, followed by North America and Europe. The CHPTAC market in Asia Pacific is anticipated to grow over the course of the forecast period due to the presence of major international CHPTAC manufacturers within this region.
The market for sludge treatment chemicals in china is expanding as a result of the large number of wastewater treatment facilities that are operating alongside other production plants.
It is anticipated that increased use of CHPTAC as a flocculant in the water treatment sector would lead to several market possibilities. Water treatment plant demand is expected to increase globally, opening up lucrative market potential in Asia Pacific Region.
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To extend their regional and global roots, Chinese players have invested in increasing the production capacity of cationic etherifying agents. The variety of applications that CHPTAC provides has pushed market participants to diversify their product offerings.
A similar development has been tracked by Future Market Insights in its latest market study.
Attribute | Details |
---|---|
Growth Rate | CAGR of 4.7 % from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Purity, Application, End-User, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa (MEA) |
Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
Key Companies Profiled | Jiangsu Jinshan Chemical Co. Ltd.; Parchem Fine & Specialty Chemicals; Arkema Group; Shanghai Baijin Chemical Group Co. Ltd.; GFS Chemicals Inc.; Merck KGaA; ShanXi Jinxinghua Chemical Co. Ltd.; Akzo Nobel N.V.; Liaonian Ruixing Chemical; Seidler Chemical Co.; Tedia; Avantor Performance Materials Inc.; Nouryon; Alfa Aesar; Manass Jinyunli Chemical Co. Ltd. |
Customization & Pricing | Available upon Request |
In 2023, the value of the global CHPTAC market reached over USD 252.3 Million
During the forecast period, the global CHPTAC market is estimated to expand at a CAGR of 4.7 % from 2023 to 2033.
The global CHPTAC market is projected to reach USD 399.3 Million by the end of 2033.
The key players operating in the CHPTAC market are Jiangsu Jinshan Chemical Co. Ltd., Parchem Fine & Specialty Chemicals, Arkema Group, Shanghai Baijin Chemical Group Co. Ltd., GFS Chemicals Inc., Merck KGaA, ShanXi Jinxinghua Chemical Co. Ltd., Akzo Nobel N.V., Liaoning Ruixing Chemical, Seidler Chemical Co., Tedia, Avantor Performance Materials Inc., Nouryon, Alfa Aesar, Manass Jinyunli Chemical Co. Ltd. and various others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Application 6.2. End-Use 7. Global Market Analysis and Forecast, By Application 7.1. Emulsifiers 7.2. Surfactants 7.3. Flocculants 7.4. Binding Agents 7.5. Cationic Agent 8. Global Market Analysis and Forecast, By End-Use 8.1. Paper Industry 8.2. Textile Industry 8.3. Oil and Gas Industry 8.4. Chemical Industry 8.5. Water Treatment Industry 8.6. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia Pacific 9.5. East Asia 9.6. Middle East & Africa (MEA) 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. South Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Application and End-Use for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. Jiangsu Jinshan Chemical Co. Ltd. 18.2. Parchem Fine & Specialty Chemicals 18.3. Arkema Group 18.4. Shanghai Baijin Chemical Group Co. Ltd. 18.5. GFS Chemicals Inc. 18.6. Merck KGaA 18.7. ShanXi Jinxinghua Chemical Co. Ltd. 18.8. Akzo Nobel N.V. 18.9. Liaonian Ruixing Chemical 18.10. Seidler Chemical Co. 18.11. Tedia 18.12. Avantor Performance Materials Inc. 18.13. Nouryon 18.14. Alfa Aesar 18.15. Manass Jinyunli Chemical Co. Ltd.
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