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What are the Factors that drives the Growth & Opportunities for Of Global Terephthaloyl Chloride Market
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Terephthaloyl Chloride Market size is anticipated witness a significant growth due to increase demand with applications in monomer synthesis and automobile industry. Aramid fibres can withstand over 500° C and has strength five times that of steel at equal weights. These have high heat resistance and used in protective clothing for aerospace, defence and industrial sector owing to light weight and easy manufacturing. Further, these are involved in manufacturing Kevlar and expected to boost terephthaloyl chloride market.
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Kevlar requires high strength, resistance and light weight. There has been a growth in defence industry with increasing terrorist activities border tensions between countries. Kevlar has end use in various industries including, automotive and marine. Further, ongoing research and development to enhance its utilization will enhance terephthaloyl chloride market share.
These are consumed in textile industry to impart chemical resistance, flame resistance and provide temperature stability.
It improves chemical, mechanical and physical properties in performance polymers and used for manufacturing components for cyclic and continuous load bearing situations to reduce wear and tear. Performance polymers will register a CAGR over 6% with application in mining, oil & gas, water treatment, automobile and anticipated to propel terephthaloyl chloride market.
It is used in manufacturing copolymers as a replacement of tyres material for racing wheels. It reduces wear & tear of wheels and improve their performance. It even reduces overall weight of the vehicle and thus diminishes vehicular emissions. Automotive wheels market was worth more than USD 82 billion in 2016 and expected to surpass 600 million units till 2024. It will provide a positive outlook to terephthaloyl chloride market growth.
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Major constraint for terephthaloyl chloride market is its corrosiveness that creates problems in its storage and increases overall cost. These are not capable to impart stress cracking resistance and provide medium hydrolytic stability. Problems namely carcinogenic behaviour of aramid fibres may hinder its consumption.
Reasons to Buy This Report:
1. Terephthaloyl Chloride Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Terephthaloyl Chloride Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Based on form, terephthaloyl chloride market is classified as flakes and molten liquid. Molten liquid accounts for higher share with demand in fabrication of flame resistant and chemical resistant materials. Flakes have moderate contribution and expected to increase with growing demand of high performance polymers.
The Terephthaloyl Chloride Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Terephthaloyl Chloride Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Terephthaloyl Chloride Product Insights
16. Terephthaloyl Chloride Application Insights
17.Terephthaloyl Chloride Regional Insights
18. Competitor Profiles
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Terephthaloyl chloride market is moderately consolidated with prominent players including DuPont, Transpek, QDBC, Yantai Yuxiang and Teijin. Other key players are Shanong Kaisheng, Changzhou Kefeng, Sigma Aldrich, Transpek Industries and TCI Chemicals. Companies are working in forward integrated manner to reduce their overall cost and increase market share. DuPont manufactures Kevlar that uses TPC for manufacturing aramid fibres.
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