CHPTAC Market Regional Analysis:
North American Market Insights
CHPTAC market in the North America industry is estimated to hold largest revenue share of 32% by 2035. 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 Insights
CHPTAC market in the Asia Pacific region is projected to hold the second largest market share of about 27% by the end of 2035. 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.
