Market Size of CHPTAC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
CHPTAC Market Analysis
The market for CHPTAC is expected to grow at a CAGR of more than 3% globally during the forecast period. CHPTAC is an abbreviation of 3-chloro-2-hydroxypropyltrimethyl ammonium chloride. Chemically CHPTAC is known as Liquid Cationic Etherification Agent with a molecular formula C6H15Cl2NO. Chptac has a molecular weight of 188.10. CHPTAC belongs to quaternary ammonium salts. This liquid cationic etherifying agent is miscible with water and lower alcohols. The growing paper industry and increasing application in the water treatment industry have been driving the market growth.
- However, the increasing manufacturing costs and rising logistic costs and the outbreak of coronavirus across the globe are likely to hinder the growth of the studied market.
- The growing application in the personal care industry is likely to provide opportunities for the CHPTAC market over the next five years.
- North America dominated the market across the globe with the largest consumption from countries such as USA and Canada.
