The CHPTAC market size is projected to witness a CAGR of 3.3% between 2015 and 2020 in terms of volume, and the market size is expected to reach 125.3 Kilotons by 2020. This report follows both top-down and bottom-up approaches to estimate and forecast the market size.

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The report on ‘CHPTAC market’ considers study of CHPTAC by its end-use industries in the four regions which include North America, Europe, Asia-Pacific, and Rest of World which includes South America and the Middle East & Africa. CHPTAC is used in various end-use industries which include paper, textile, water treatment, oil & gas, and others (personal care, dye, nutraceuticals, cosmetics, and chemicals). The market is expected to increase significantly in Asia-Pacific due to the growing paper industry. The growing paper industry in emerging markets is projected to register decent CAGRs in terms of volume, during the forecast period (2015-2020).

The market for CHPTAC is growing with an average growth rate, with Asia-Pacific leading in terms of consumption. The growing key end-use industries and strong demand from the Asia-Pacific are the key drivers of the CHPTAC market. The U.S., Thailand, and China are the largest markets for CHPTAC. The key markets in developing countries include China, Thailand, and India whereas major markets in developed countries include U.S. and the Netherlands.

The key participants in this market are The Dow Chemical Company (U.S.), Sachem Inc. (U.S.), Samsung Fine Chemicals (South Korea), SKW Quab Chemicals Inc. (U.S.), Yanzhou Tiancheng Chemicals Co. Ltd. (China), Dongying Guofeng Fine Chemicals Co., Ltd. (China), Dongying J&M Chemical Co., Ltd (China), Chemigate Oy (Finland), Shubham Starch Chem. (P) Ltd. (India), and Weifang Greatland Paper and Chemicals Co., Ltd. (China).

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“Paper is the key end-use industry for CHPTAC”

The CHPTAC market is segmented into five key end-use industries, namely, paper, textile, water treatment, oil & gas, and others which include personal care, dye, nutraceuticals, cosmetics and chemicals. Among these end use-industries, the paper industry accounted for largest market share in 2014 in terms of value as well as volume. Majority of CHPTAC is used in the paper industry where it is first converted into EPTAC using a strong base and then used for the cationization of starch, used in the paper industry. The increasing demand of paper products and per capita consumption is driving the CHPTAC market.

“CHPTAC market size to reach USD 218.9 million by 2020”

The CHPTAC market size is projected to reach USD 218.9 Million by 2020. In terms of value, the CHPTAC market in the paper end-use industry is projected to witness a CAGR of 4.7% between 2015 and 2020. The drivers of the CHPTAC market comprise the increasing demand for CHPTAC in developing markets, such as Thailand, China, and India. A shift in the preference for improved paper and the increase in per capita consumption of paper in the emerging economies are also likely to push the growth of the CHPTAC market. The factors that restrain the market are environmental concerns and the increasing cost of starch. Since the demand is increasing moderately, industry players have not adopted strategies, such as new product developments, agreements, and joint ventures. CHPTAC has been available in the market for the last 50 years and is expected to remain in the future too. There are a select number of manufacturers of CHPTAC globally. Most of the companies are located in the European region. In Asia, China and India are the key contributors to the growth of this market.

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