Acrylamide Tertiary Butyl Sulfonic Acid Market Demand | Industry Growth, Companies Profile, Competitive Landscape and Key Regions 2030
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 Demand 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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