The market for CHPTAC (3-chloro-2-hydroxypropyl)trimethylammonium chloride is growing at an average pace, with Asia-Pacific leading in terms of demand, followed by Europe and North America. The CHPTAC industry is segmented by its end-use industries which include paper, textile, water treatment, oil & gas, and others (personal care, dye, nutraceuticals, cosmetics, and chemicals). The paper industry accounts for the maximum share of CHPTAC produced globally. In terms of volume, the CHPTAC market is projected to register a CAGR of 3.3% between 2015 and 2020. The fastest-growing application of CHPTAC is projected to register a growth rate of 3.7% during the forecast period.
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This report follows both top-down and bottom-up approaches to estimate and forecast the CHPTAC market by volume and value. This report focuses on the CHPTAC market by its end-use industry and region.
Increased use of paper and paper products with the increasing modernization and industrialization drives the paper industry in Asia-Pacific, making it an attractive market for CHPTAC. China’s paper industry drives the market for CHPTAC in the country with China being the largest market. Asia-Pacific is the fastest-growing market for CHPTAC, followed by Europe and North America which are growing at almost the same pace. The U.S., Thailand, and China are the world’s largest markets for CHPTAC in various end-use industries which include paper, water treatment, oil & gas, etc. Moreover, China and India are projected to be the fastest-growing economies between 2015 and 2020. The U.S. accounted for largest share of the CHPTAC market for starch modification. The U.S. is one of the largest producers of corn and maize for which it is one of the key producers of modified starch, which makes it the largest market for CHPTAC.
The paper industry in the developed and developing counties offers growth opportunities. Supported by favorable growth in a number of end-use industries with small shares in the personal care, textile, dye, chemicals, nutraceuticals, and cosmetics of CHPTAC, the overall CHPTAC market remains attractive during the forecast period.
The top countries in terms of demand of CHPTAC are U.S., Thailand, China, and the Netherlands, among others.
