Acrylamide Tertiary Butyl Sulfonic Acid Market Growth | Share, Application, Overview, 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 Growth 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.
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 Atbs
Chemical 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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