Segmentation: Global 3-Chloro-2-Hydroxypropyl TrimethylammoniumChloride (CHPTAC) Market
The global CHPTAC market is segmentedinto end-user segment.
On the basis of end-user, the market issegmented into paper, textile, water treatment, oil & gas, chemical,personal care, nutraceuticals and others.
In November, an agreement was made toacquire the Specialty Metals business of ESM Group Inc. inclusive ofmanufacturing facility in Pennsylvania, U.S. by Luxfer Holdings PLC. ESM Groupis a wholly owned subsidiary of SKW Stahl-Metallurgie Holding AG and thisagreement was made so that the company will focus on the core business andstrengthening the relationship with the customer
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Competitive Analysis: Global 3-Chloro-2-HydroxypropylTrimethylammonium Chloride (CHPTAC) Market
Some of the major players operating inthis market are The Dow Chemical Company, Merck KGaA (SIGMA-ALDRICH), LotteFine Chemical, SKW QUAB Chemicals Inc., Chemigate, BOC Sciences, Shubham StarchChem (P) Ltd., Sachem Inc., Shandong Tiancheng Chemical Co.,Ltd., DongyingJ&M Chemical Co., Ltd, Weiffang Mingyang Chemical Co. Ltd., Tokyo ChemicalIndustry Co., Ltd, Zibo Aoerte Chemical Co., Ltd. and others
Business Expansion
· InFebruary 2019, Merck is investing USD 70 million for the expansion of theresearch and development center in Billerica, Massachusetts. The centre will becommitted in innovation & development in the field of oncology,immuno-oncology and immunology. Merck is a well-known name in life science andthis expansion is a testament to the state’s global leadership.
· InDecember 2018, Dow partnered with Alibaba and started a flagship store at1699.com. The company is exploring and new business opportunities throughe-commerce platforms. It will benefit the company by giving customer variousoptions to purchase online and hence broadening the sales network.
Research Methodology: Global 3-Chloro-2-HydroxypropylTrimethylammonium Chloride (CHPTAC) Market
Primary Respondents:key industry participants, subject-matter experts (SMEs), C-level executives ofkey market players, Market Intelligence Managers, National Sales Managers andindustry consultants.
3-Chloro-2-HydroxypropylTrimethylammonium Chloride (CHPTAC) Market By End-user (Paper, Textile,Water Treatment, Oil & Gas, Chemical, Personal Care, Nutraceuticals andOthers), Geography (Europe, Asia Pacific, North America, Middle East &Africa and South America), Industry Trends and Forecast to 2026– IndustryTrends and Forecast to 2026
The Global 3-Chloro-2-HydroxypropylTrimethylammonium Chloride (CHPTAC) is also termed as liquid cationicetherification agent and widely used as cationic reagent. It helps intransforming the natural and synthetic polymer and imparts properties such ascationic starch, cationic polyacrylamide, additive, electroplating additive,paper additives, anti-static agent, surfactant, flocculants and emulsifier andothers.
In the paper industry, cationic starchesare produced by reacting with starch. Cationic starches help in enhancing thestrength of the paper and can be used as paper internal binder, paperreinforcer and fine cellulose interception auxiliary in packing application.The increasing usage of recycled papers is leading to the development of thecationic starches and boosting the market for 3-Chloro-2-HydroxypropylTrimethylammonium Chloride.
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In oil & gas industry, CHPTAC haswide utility as cationic reagent and has the highest CAGR. It is used in theformulation of drilling mud which is viscous and heavy fluid mixture requiredfor oil and gas drilling operations.
Further, the textile industry is thelargest consumer industry and plays a vital role to increase the economicalrate. 3-Chloro-2-Hydroxypropyl Trimethylammonium Chloride is made to react withthe cotton fibre and enhancing the bond with dye. It also gives ant-bacterialproperties to the the cationic cotton whilst reducing the water consumption.Thus the wide applicability of technical textile is considered as a majorfactor, fuelling the market growth.
Global3-Chloro-2-Hydroxypropyl Trimethylammonium Chloride (CHPTAC) market isprojected to register a steady CAGR of 3.9% in the forecast period of 2019 to 2026.
