Press release
Triflic Acid Market Size, Share, Development by 2023
Triflic acid belongs to the class of superacids, it is the strongest Bronstedt acid available at industrial scale. It is used as anacidic catalyst in many reactions in organic synthesis (alkylation, esterification, etherification, acylation, isomerization, ethoxylation, cyclization, cationic rearrangement, etc.) and in cationic polymerization.
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Global Triflic Acid Market: Forecast by Type / Application / Region
The global market volume triflic acid increased from 589 MT in 2012 to by 1085 MT in 2016. The decrease is caused by the fall of global price.
Europe, China, and Japan are the leading production regions of triflic acid. China is the largest production region in 2016 with 482 MT in volume. It is about 44.42% of the world total production share. Japan and Europe are the following regions with 21.4%, and 34.2 % of total production share in 2016.
China is the largest consumption region of triflic acids in 2016. There is 442 MT of triflic acid was consumed in China in 2016. Europe took about 33.55% of the global total consumption share. USA and Japan are the following regions with 4.4 % and 17.2% of total consumption share in 2016.
Over the next five years, LPI(LP Information) projects that Triflic Acid will register a 3.5% CAGR in terms of revenue, reach US$ 90 million by 2023, from US$ 76 million in 2017.
Global Triflic Acid Market: Key Players
Central Glass
Solvay
718th Research Institute of CSIC
Time Chemical
Russia Aecc
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Related Information:
United States Triflic Acid Market Research Report 2018
Europe Triflic Acid Market Research Report 2018
North America Triflic Acid Market Research Report 2018
Asia-Pacific Triflic Acid Market Research Report 2018
China Triflic Acid Market Research Report 2018
EMEA Triflic Acid Market Research Report 2018
Global Triflic Acid Market Research Report 2018
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