CHPTAC Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
CHPTAC Market Analysis
The market for CHPTAC is expected to grow at a CAGR of more than 3% globally during the forecast period. CHPTAC is an abbreviation of 3-chloro-2-hydroxypropyltrimethyl ammonium chloride. Chemically CHPTAC is known as Liquid Cationic Etherification Agent with a molecular formula C6H15Cl2NO. Chptac has a molecular weight of 188.10. CHPTAC belongs to quaternary ammonium salts. This liquid cationic etherifying agent is miscible with water and lower alcohols. The growing paper industry and increasing application in the water treatment industry have been driving the market growth.
- However, the increasing manufacturing costs and rising logistic costs and the outbreak of coronavirus across the globe are likely to hinder the growth of the studied market.
- The growing application in the personal care industry is likely to provide opportunities for the CHPTAC market over the next five years.
- North America dominated the market across the globe with the largest consumption from countries such as USA and Canada.
CHPTAC Market Trends
This section covers the major market trends shaping the CHPTAC Market according to our research experts:
Paper Segment to Dominate the Market
- The paper segment stands to be the dominating segment owing to its widespread consumption in the paper in various industries for packaging purposes and others.
- Myriad applications of CHPTAC including internal binders, reinforcers, and packing is expected to provide a boost to the demand of CHTAC in the market.
- In paper industry, CHPTAC is utilized to produce cationic starch which acts as a paper reinforcer and paper binder to increase the dry strength of paper. Thus, the growth of the paper industry is expected to drive market growth for CHPTAC.
- Paper is an important material, used daily for many purposes worldwide. More than half of the production of paper was attributable to packaging paper as increasing consumer awareness about environment-friendly nature of paper packaging than polymer packaging.
- All the aforementioned factors are expected to drive the CHPTAC market during the forecast period.
North America Region to Dominate the Market
- North America stands to be the dominating region during the forecast period as the United States is one of the prominent regions in the paper industry.
- The efficacy of CHPTAC to act as a liquid cationic etherification agent has significantly driven its demand in the textile industry.
- The United States is a major market in the North American textile industry. North America as a whole accounted for more than 41% of the exports in the global textile industry in 2019.
- Growing consumption of CHPTAC as a flocculant in the water treatment industry and escalating the need for water treatment plants are likely to create remunerative opportunities for the market.
- CHPTAC is also used as a cationic reagent in the personal care industry. Thus, the growth of the personal care industry is expected to result in an increased demand for CHPTAC over the forecast period.
- Hence, all such market trends are expected to drive the demand for CHPTAC market in the region during the forecast period.
CHPTAC Industry Overview
The global CHPTAC market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Filo Chemical, Hefei TNJ Chemical Industry Co., Ltd., SACHEM, Inc., SKW Quab Chemicals Inc. and Shubham Starch Chem amongst others.
CHPTAC Market Leaders
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Filo Chemical
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Hefei TNJ Chemical Industry Co., Ltd.
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SACHEM, Inc.
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SKW Quab Chemicals Inc.
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Shubham Starch Chem
*Disclaimer: Major Players sorted in no particular order
CHPTAC Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Paper Industry
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4.1.2 Increasing Application in Water Treatment Industry
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4.2 Restraints
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4.2.1 High Manufacturing and Logistics Cost
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4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porterss Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Paper
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5.1.2 Textile
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5.1.3 Oil and Gas
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5.1.4 Personal Care
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5.1.5 Water Treatment
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5.1.6 Others
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 France
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5.2.3.4 Italy
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East and Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Dongying J&M Chemical Co., Ltd,
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6.4.2 Filo Chemical
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6.4.3 Guofeng Fine Chemicals Co, Ltd
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6.4.4 Hefei TNJ Chemical Industry Co.,Ltd.
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6.4.5 SACHEM, Inc.
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6.4.6 Shandong Tiancheng Wanfeng Chemcial Co., Ltd.
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6.4.7 Shubham Starch Chem.
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6.4.8 Merck KGaA
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6.4.9 SKW Quab Chemicals Inc.
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6.4.10 Weifang Greatland Paper and Chemicals Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Gowing Utilization in Personal Care Industry
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7.2 Other Opportunities
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CHPTAC Industry Segmentation
The CHPTAC market report include:
| Application | |
| Paper | |
| Textile | |
| Oil and Gas | |
| Personal Care | |
| Water Treatment | |
| Others |
| Geography | |||||||
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CHPTAC Market Research FAQs
What is the current CHPTAC Market size?
The CHPTAC Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in CHPTAC Market?
Filo Chemical , Hefei TNJ Chemical Industry Co., Ltd. , SACHEM, Inc. , SKW Quab Chemicals Inc. and Shubham Starch Chem are the major companies operating in the CHPTAC Market.
Which is the fastest growing region in CHPTAC Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in CHPTAC Market?
In 2024, the North America accounts for the largest market share in CHPTAC Market.
What years does this CHPTAC Market cover?
The report covers the CHPTAC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the CHPTAC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
CHPTAC Industry Report
Statistics for the 2023 CHPTAC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. CHPTAC analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
