Press release
3-Chloro-2-Hydroxypropyl Trimethyl Ammonium Chloride Market: Paper Industry Is Projected to Remain a Highly Lucrative Industry
Escalating demand from the 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 the CHPTAC market. Being a liquid cationic etherification agent, CHPTAC’s consumption has witnessed a rise during the 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).Click Here to Get Complete Synopsis of this Report
https://www.factmr.com/report/2444/chptac-market
Prominent companies operating in the global CHPTAC market
Chemigate Oy
Dongying Guofeng Fine Chemicals Co Ltd
Dongying J&M Chemical Co Ltd
Dow, Hefei TNJ Chemical Industry Co. Ltd.
Sachem Inc.
“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.
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CHPTAC Market: Segmentation
Application
Cationization of starch
Quaternisation of cellulose, protein, guar and other derivatives
End Use
Paper
Textiles
Water treatment
Oil & gas
Personal care
Others
Region
North America
Latin America
Europe
Japan
APEJ
MEA
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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, the cationization 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 an absolute dollar opportunity worth US$ 29 Mn by 2029
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 is the key stakeholder. 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 on the above-mentioned applications and will increase their market penetration, strengthening their position over other players.
For More Insights
https://www.prnewswire.com/news-releases/fertilizer-fillers-market-growth-banking-on-increasing-sand--limestone-filler-uptake-factmr-301242300.html
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 (cationization of starch and quaternization 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.
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