CHPTAC Market Segmentation:
Application Segment Analysis
The cationic agent segment in the CHPTAC market is attributed to hold largest revenue share of about 30% by the end of 2035. 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 Segment Analysis
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:
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