CHPTAC Market – Global Industry Analysis And Forecast (2024 to 2030)

CHPTAC Market was valued at US$ 180.74 Mn. in 2023. Global CHPTAC Market size is estimated to grow at a CAGR of 4.9% over the forecast period.
CHPTAC Market Overview:
CHPTAC is the abbreviation of 3-chloro-2-hydroxypropyltrimethyl ammonium chloride also known as liquid Cationic Etherification Agent.The cationization of starch, which is used by the paper and textile industries, requires CHPTAC. The end-user sectors that CHPTAC is used in include paper, textiles, water treatment, oil & gas, and other industries (personal care, dye, nutraceuticals, cosmetics and chemicals). The market is heavily dependent on the paper industry, and the expansion of that sector indirectly fuels the expansion of the CHPTAC market. The rising costs of manufacturing and logistics are cited as market limitations. The qualitative aspects of CHPTAC are included in the report, along with specific volume (tonnes) and value (USD million) estimates, as well as information on the end-use industries and regions.To know about the Research Methodology :- Request Free Sample Report

In addition, the report explores the CHPTAC Market's segments (End-User, Application and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The report also investigates the CHPTAC Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the CHPTAC Market's contemporary competitive scenario.

2023 is considered as a base year to forecast the market from 2024 to 2030. 2023’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2030. 2023 is a year of exception and analysis, especially with the impact of lockdown by region.
Dynamics:
In 2020 approximately 98 million metric tons of graphic paper were produced worldwide, which accounted to 249 million metric tons in packaging and board production. This primary factor is driving the market growth rate and increasing in demand for 3-chloro-2-hydroxypropyl trimethylammonium chloride (CHPTAC) from the textile industry. Rising product demand from the oil and gas sector to create drilling mud, rising cationic reagent demand from the personal care sector, and growth and expansion of various end user verticals like the water treatment industry, particularly in developing economies, will all have a direct and positive impact on the market's growth rate. Multiple rising markets and an increasing emphasis on product innovations will pave the way for the market's expansion even further.

The usage of CHPTAC as a cationic reagent in the personal care industry is one of its main applications. In light of this, it is anticipated that throughout the course of the projection period, demand for CHPTAC would rise as the personal care industry expands. In the water treatment sector, CHPTAC is also widely used as a flocculant since it reacts with waste water's suspended solids to produce cationic polymers.

Lack of raw material supply brought on by the shutdown and price swings will be a big obstacle to the market's expansion. Increased manufacturing and logistical costs will slow the market's expansion. The market growth rate will also be hampered by the lack of technological knowledge in the developed economies. Improvement and Analysis of Paper properties properties lead to the new modification in the etherification process in which CHPTAC were successfully used for cationization of cellulose in textile fibers and other polysaccharides such as agarose or backbone of tamarind kernel polysaccharide among others. During the projection period, it is anticipated that the expanding end-use industries will raise demand for CHPTAC. The main obstacles impeding the expansion of the worldwide CHPTAC market, however, are growing manufacturing prices and rising logistic costs.
CHPTAC Market Segment Analysis:
Based on End-User Industry, Paper industry is dominating end user segment In CHPTAC market. China, one of the largest papers producing country reached 117 million metric tons in 2020, and is likely to grow in forecasted period. Thus, growing need for the sector as a result of rising daily demand for paper and its various variations. According to the Renewable Products Institute, the world's fastest growing industry is the paper and pulp market, which produced about 400 million tonnes of paper in 2020 and is projected to increase to about 450 million USD over the next several years.

The Textile industry is expected to be the second dominating, end user segment and is likely to grow rapidly during forecasted period as every kind of clothing from sportswear to business wear from value clothing to statement luxury piece have tremedeoundous demand from the consumers. Even after the difficulties in 2020 during Coronavirus pandemic, even sales across the textile industry took a hit, the global demand for the textile were set to rise again. The revenue of the global textile market was calculated to amount 1.6 trillion U.S dollar in 2023 and were predicted to increase to approximately 2.2 trillion by 2030.

Based on Application, the CHPTAC Market is segmented by Emulsifiers, Surfactants, Flocculants, Binding Agents, and Cationic Agents. In terms of volume share for 2023, the CHPTAC market stood for about 115 kilotons. The market-maintained a rising demand between 2018 and 2023, growing at a rate of about 2.7 percent over that time. The manufacturing of paper, textiles, chemicals, and oils is expected to become increasingly automated over the course of the forecast period, according to Merck KGAa, which predicts that the market will grow at a CAGR of roughly 7.22 percent. Additionally, the business projects that the manufacturing of chemicals will dominate during the forecast period due to expanding infrastructure for chemicals, rising demand, and the introduction of new products such as binders, emulsifiers, and cationic surfactants.
Regional Insights:
With a 48 percent revenue share of the CHPTAC market overall and a 7.2 percent CAGR through 2023, Asia Pacific is the market leader and the fastest-growing region. The region's highly developed manufacturing sector and expanding paper and textile industries are factors driving market expansion. Along with these, rising consumer disposable income in the area and expanding chemical manufacturing sectors as a result of the Covid epidemic are anticipated to fuel market expansion throughout the course of the forecast year. With a market share of 62 percent in the production of paper and pulp and a 48 percent stake in the production of surfactants in the area, China dominates the region.

Due to the United States' prominence in the paper sector, North America is expected to dominate during 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, North America as a whole exported more than 50% of the total in 2023.CHPTAC's increasing use as a flocculant in the water treatment industry and the rising demand for water treatment facilities are projected to generate lucrative market prospects.

The objective of the report is to present a comprehensive analysis of the global CHPTAC Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the CHPTAC Market dynamic, and structure by analyzing the market segments and projecting the CHPTAC Market size. Clear representation of competitive analysis of key players by Design, price, financial position, Instrumentation Technology portfolio, growth strategies, and regional presence in the CHPTAC Market make the report investor’s guide.
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Global CHPTAC Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 180.74 Mn.


Forecast Period 2024 to 2030 CAGR:
4.9%
Market Size in 2030:
US$ 252.63 Mn.


 Segments Covered:
by End-user
Paper Industry
Textile Industry
Oil and Gas Industry
Chemical Industry
Water Treatment Industry


by Application
Emulsifiers
Surfactants
Flocculants
Binding Agents
Cationic Agent



CHPTAC Market by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
CHPTAC Market Key Players:
1. Guofeng Fine Chemicals Co. Ltd.
2. Sachem Inc.
3. Hefei TNJ Chemical Industry Co. Ltd.
4. Dongying J&M Chemical Co. Ltd.
5. Chemigate Oy
6. SKW Quab Chemicals Inc.
7. Samsung Fine Chemicals
8. Yanzhou Tiancheng Chemical Co. Ltd.
9. Weifang Greatland Paper and Chemicals Co. Ltd.
10.Shubham Starch Chemical Pvt. Ltd.
11.Merck KGAa
12.Cellulac PLC
13.Corbion N.V.
14.Stephan Company
15.Shanghai Ruizeng Chemical Technology Co. Ltd..

Frequently Asked Questions:

1. What is the study period of the market?
Ans. The Global CHPTAC Market is studied from 2023-2030.

2. What is the growth rate of CHPTAC Market?
Ans. The Global CHPTAC Market is growing at a CAGR of 4.9% over forecast period.

3. What is the market size of the CHPTAC Market by 2030?
Ans. The market size of the CHPTAC Market by 2030 is expected to reach at US$ 252.63 Mn.

4. What is the forecast period for the CHPTAC Market?
Ans. The forecast period for the CHPTAC Market is 2024-2030.

5. What was the market size of the CHPTAC Market in 2023?
Ans. The market size of the CHPTAC Market in 2023 was valued at US$ 180.74 Mn.