Global CHPTAC Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 12% during the forecast period.

Global CHPTAC Market

The Global CHPTAC market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global CHPTAC report also provides trends by market segments, technology, and investment with acompetitive landscape.

Global CHPTAC Market Overview:

CHPTAC or Chloro Hydroxy Propyl Trimethyl Ammonium Chloride is a special type of cationic agent used for the cationization of starch from which wet end additives are made. Wet end additives are highly used in the paper industry and chemical and oil industry for their several benefits including increasing mechanical efficiency of the product, high retention capacity, and less wastage of water. Factors attributing to CHAPTAC market growth are increasing demand for paper across the globe and henceforth growth in the paper industry. Moreover, increasing demand for the textile industry across the globe is the key factor supporting the CHPTAC market growth to some extent during the forecast period.

CHPTAC is an etherification agent also used in petroleum, water treatment plants, and commodities sector for its variant applications and features in different industries. PH level of CHPTAC is 3.0-5.0 and it is stored at 20° C. increasing use of CHPTAC as warp sizing an agent is the factor considered to boost the CHPTAC market demand in the future.
Global CHPTAC Market Dynamics:

Increasing need for paper and textiles across the globe and hence use of emulsifiers for process integration are the factors considered to drive the CHPTAC market growth. Furthermore, increasing innovation and research on chemicals and materials development to increase productivity and efficiency of the system made by emerging players in the market are the factors expected to boost the opportunities in the market during the forecast period.

Moreover, rising need for water treatment plants across the globe and henceforth, use of CHPTAC as a flocculent in the treatment process are the supporting factors expected to create opportunities in the market. Increasing prices of raw material and transportation charges for chemicals are the key factors restraining the market growth. Also, increasing safety issues concerning chemicals during the transportation is the key challenge and possible restraint considered to hamper the CHPTAC market growth during the forecast period.

Improving material handling techniques increasing use of CHPTAC in chemical manufacturing industries are the growing opportunities expected to drive the market demand in near future.
Global CHPTAC Market Segment Analysis:

Growing demand in paper industry is driving the CHPTAC market growth:

The Paper industry is the dominating end-user segment in the market with approximately 110 million USD in the year 2019 which is almost 50% of total gross revenue share for the CHPTAC market. Increasing needs for paper and its different variants for day to day life and thereby increasing demand for the industry. According to Renewable Products Institute, Papers and Pulp market has accounted for approximately 300 million tons of paper production in the year 2019 and expected to reach approximately 390 million USD during the forecast period making it the fastest growing industry across the globe.
Volume share statistics of CHPTAC market end users:

In 2019, the CHPTAC market has accounted for approximately 115 kilotons in terms of volume share. Between years 2014-2020, the market stayed in uprising demand and registered a growth rate of approximately 2.7% in the given period. According to Merck KGAa, the market is estimated to register a CAGR of approximately 7.22% during the forecast period owing to increasing automation in the manufacturing of paper, textile and chemicals and oils industry. Moreover, the company predicts that chemicals manufacturing industry is expected to dominate during the forecast period owing to increasing chemicals infrastructure owing to increasing demand and new product launches in industry including binders, emulsifiers, and cationic surfactants.

Global CHPTAC Market
Role of CHPTAC in different industries:

CHPTAC is used as cationizing agent for the breakdown of starch as well as emulsifiers in the paper and pulp industry. This starch then converts into a binding agent which gives a required texture and solidity to the papers. In the chemicals industry, CHPTC is used as a surfactant owing to its hardbound structure and molecular arrangement. In the cosmetics industry, CHPTC is used as an emulsifier used for moisture absorption of the product. Owing to its molecular structure and reactivity with different chemicals, CHPTC is mostly used in the above industries and this growing demand and increasing applications of CHPTC are the factors expected to drive the growth of the market.

Global CHPTAC Market
Impact of COVID pandemic on the CHPTAC market:

Due to several restrictions imposed on the manufacturing as well as transportation sector by governments, the CHPTAC market is facing severe issues for production as well as transportation. Increasing supply chain margins and pricing have hampered the growth of the market in the year 2020-2021. Although, the market is expected to surge in the forecasting period owing to increasing demand for surfactants and cationic agents post-pandemic regarding safety issues. According to Dow Chemicals Inc., sales in the surfactants market is increased by a whopping 23.8% during the years 2020-2021 owing to the rising demand for cleaning agents in the healthcare sector. Moreover, the company stated that the CHPTAC market is expected to reach approximately 240 million USD during the forecast period.

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