CHPTAC Market size was valued at USD 265.81 million in 2024 and is set to exceed USD 471.07 million by 2037, expanding at over 4.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of CHPTAC is estimated at USD 275.38 million. CHPTAC is used as a major raw material for the manufacture of Cationic Guar gum, which is often used in textile chemicals. In textile production processes, cationic guar gum is used for sizing, printing, and finishing. The demand for textiles chemicals and CHPTAC is also being driven by the increasing textile sector, especially in emerging economies. By 2022, that amount had increased to about 113.8 million metric tons, nearly quadrupling. The manufacturing volume of natural fibers, such as cotton and wool, was 25.2 million metric tons, while the remaining 87.6 million metric tons were produced by chemical fibers.
Furthermore, the etherification process was successfully modified by using CHPTAC for the cationization of cellulose in textile fibers and other polysaccharides, such as agarose or the polysaccharide backbone of tamarind kernels, among others, as a result of improvements and analyses of paper properties. The growing end-use industries are expected to increase demand for CHPTAC during the projection period.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
4.5% |
Base Year Market Size (2024) |
USD 265.81 million |
Forecast Year Market Size (2037) |
USD 471.07 million |
Regional Scope |
|
Application (Emulsifiers, Surfactants, Flocculants, Binding Agents, Cationic Agent)
The cationic agent segment in the CHPTAC market is attributed to hold largest revenue share of about 30% by the end of 2037. Due to increasing demand in various end-use industries, the cationic reagent segment has been chosen as a preferred application. An effective cationic reagent used to alter organic and synthetic polymers to synthesize quaternary ammonium compounds with a wide range of applications in the fields of chemical processing, personal care products, cosmetics, pulp and paper, textiles, and water management sectors. For example, in 2021, the average Australian woman spent about USD 3,600 a year on cosmetics and personal care items, according to financial comparison service provider Mozo. The growth of the market will be supported by several emerging sectors and an increased focus on the production of cationic reagent, as well as ongoing technological innovations during the forecast period.
End Use (Paper Industry, Textile Industry, Oil & Gas Industry, Chemical Industry, Water Treatment Industry)
The paper industry is anticipated to hold 28% share of the global CHPTAC market during the forecast period. The market is being driven by an increase in demand for paper and its products, with the rapid growth of the paper industry as a major factor. CHPTAC contains a molecular mass of 188.10 and is widely used in the paper industry. An effective way to improve the properties of paper is to use chemical additives. The CHPTAC for the cationisation of cellulose, textile fiber, and various types of polysaccharides has proved to be successful. In 2021, 417 million tons of paper and paperboard were consumed worldwide. It is anticipated that consumption will increase during the next ten years to 476 million tons by 2032. Production of paper and paperboard is mostly focused on packaging worldwide.
Our in-depth analysis of the global CHPTAC market includes the following segments:
Application |
|
End Use |
|
North American Market Forecast
CHPTAC market in the North America industry is estimated to hold largest revenue share of 32% by 2037. As the United States occupies a prominent position in the paper industry, North America is expected to remain dominant over the forecast period. The textile industry has seen a significant increase in demand for CHPTAC as a result of the effectiveness of a liquid cationic etherification agent. The US is a very important market for North America's textile industry. The global textile industry exported over 41% of its value to North America in 2019 as a whole. CHPTAC is increasingly used as a fortifier in the water treatment industry. Hence, the lucrative market is expected to grow as the demand for water treatment equipment increases opportunities.
APAC Market Statistics
CHPTAC market in the Asia Pacific region is projected to hold the second largest market share of about 27% by the end of 2037. The growth of the market in this region is due to the presence of a large number of international CHPTAC producers in that region, the Asia Pacific market for CHPTAC is expected to grow over the forecast period. As a result of the strong growth, China's sludge treatment chemical market is growing. A number of wastewater treatment plants that are integrated into other production plants. Increasing use of CHPTAC as flocculating agent in the water treatment sector is foreseen to lead to a number of market opportunities. Demand for water treatment plants is projected to rise globally, which will open up lucrative market opportunities in Asia Pacific Region.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?