acrylamide tertiary butyl sulfonic acid market | Growth, Revenue Share Analysis, Grade, Company Profiles, And Forecast To 2027
Acrylamide tertiary butyl sulfonic (ATBS) acid is largely
used in the manufacturing of dispersants in water chemicals, textile,
adhesives, and in the mining sector. Also, ATBS has its applications in the
personal care and fragrance industry as a fuel additive. The extensive
application areas of ATBS is increasing the size of its market.
The global acrylamide tertiary butyl sulfonic acid market is
expanding rapidly mainly due to the increasing usages of ATBS Acid in the
various burgeoning industries. The market is witnessing a growth over the past
few years and is expected to continue flourishing due to the importance of ATBS
Acid in the application segments.
Acknowledging the constant upsurge, the market is
witnessing, Market Research Future (MRFR) in its recently published analysis
asserts that the global acrylamide tertiary butyl sulfonic acid market will
garner exponential accruals by 2027 posting a significant CAGR throughout the
review period (2017 to 2027).
Responding to the increasing demand with the growing
production rate per year the acrylamide tertiary butyl sulfonic acid market is
expanding further. Moreover, its growing demand in the paint & coating,
personal care, and other industries have attracted several new entrants to the
market, offering them new opportunities. The rising number of producers of this
acid has, in turn, impacted the market growth, positively.
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Major Players:
- Vinati
Organics Limited
- Xiamen
Changtian Enterprise Co., Ltd
- J
& K Scientific Ltd.
- Chengdu
Ai Keda Chemical Technology Co., Ltd.
- Meryer
(Shanghai) Chemical Technology Co., Ltd
- Tci
(Shanghai) Development Co., Ltd
- Alfa
Aesar
- Taiyuan
Rhf Co., Ltd.
- Beijing
Hwrk Chemicals Limited
- Jia
Xing Isenchem Co., Ltd
- Energy
Chemical
- Pure
Chemistry Scientific Inc.
Acrylamide Tertiary Butyl Sulfonic Acid
Market – Competitive Landscape
Highly competitive, the acrylamide tertiary butyl sulfonic
acid market appears to be fragmented due to the presence of numerous companies.
Constant technological advancements generate strong investment opportunities in
the market. Manufacturers strive to commercialize novel techniques that can
lower the production cost.
They also try to attain expertise in developing techniques,
managing supply chains and in-depth domain knowledge in many advanced materials
in addition to the current strategic initiatives such as partnership,
acquisition, and expansion of manufacturing facilities to gain a competitive
advantage in the market.
Industry/Innovation/Related News:
August 07, 2018 – Vinati Organics Limited
(India), the largest producer of ATBS acid and one of the largest chemical
companies, worldwide, announced its capacity expansion plans. The company
reported a strong set of Q1FY19 earnings with revenue surging 25 percent. This
was primarily led by the growth in ATBS segment which saw revenue growth of
around 50 percent.
Company’s stock has seen gains of 20 percent this year and
was locked in the upper circuit touching a 52-week high. Moreover, its biggest
competitor Lubrizol exited the ATBS market which took the company’s market
share to 65 percent globally against 45 percent last quarter. Hence, the
company is adding more capacity in this product and expects the performance in
this segment to improve further.
Acrylamide Tertiary Butyl Sulfonic Acid
Market – Segments
For enhanced understanding, the market has been segmented
into three key dynamics: –
By Application Types: Personal Care, Water
Treatment, Textiles, Paints, and Coating Agents among others.
By Packaging: Powder, Pellets, and ATBS-Na
aqueous solution among others.
By Regions: North America, Asia Pacific, Europe,
and the Rest-of-the-World.
Acrylamide Tertiary Butyl Sulfonic Acid
Market – Geographical Analysis
The Asia Pacific region accounting for the largest producer
and consumer of this acid dominates the global acrylamide tertiary butyl
sulfonic acid market with the significant market share. Rapid industrialization
alongside the ever-increasing population that is dictating the demand in the
already burgeoning textile industry is fostering the growth of ATBS acid market
in the region.
The improving economy in the region is playing a vital role
in the growth of the market, improving the standard of living. Rapidly
developing countries such as India and China perceive a substantial increase in
various sectors such as packaging, water treatment, textiles, paints, and
coating agents which, in turn, substantiates the growth of the acrylamide
tertiary butyl sulfonic acid market in the region.
Furthermore, the presence of numerous significant producers
of ATBS acid in the region such as Vinati Organics Limited and Xiamen Changtian
Enterprise Co., Ltd. among others propel the growth of the market, creating new
opportunities for the extension.
On the other hand, the acrylamide tertiary butyl sulfonic
acid market in the North American and European region is too proliferating at a
fast pace. Factors such as the presence of a large number of industries using
the acrylamide tertiary butyl sulfonic acid at a large scale are boosting the
growth of the market, creating a stronghold in the market.
Personal care products and paint & coating agents have
been witnessing huge popularity in countries such as the US, Canada, France,
Germany, Norway, and Sweden among others which is acting as a massive driving
force accelerating the market in the region.
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