March 12, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Acrylamide Tertiary Butyl Sulfonic Acid Market (By Packaging, By End User Industry, By Region, By Country): Opportunities and Forecasts (2016-2021) - By Packaging (Granular/Powder, Na aqueous solution); By End User (Enhanced Oil Recovery, Personal Care, Water Treatment, Textiles Auxiliaries & Acrylic Fibres, Paints and Coatings, Others); By Region (North America, Europe, APAC, ROW); By Country (U.S., Canada, U.K., Germany, China, India, South Korea, Japan, U.A.E, Saudi Arabia)’, the worldwide acrylamide tertiary butyl sulfonic acid market is projected to grow with a CAGR of 13.20% from 2016 to 2021.
ATBS or Acrylamide tertiary butyl sulfonic acid is extremely reactive and is utilized in various polymerization processes. The influential growth in ATBS acid market is mainly driven by increasing demand from water treatment sector and advancements in enhanced oil recovery techniques. In addition, properties such as thermal stability, hydrophilicity, hydrolytic nature, and polarity of the product is fueling its usage across various allied industries, hence augmenting the growth of acrylamide tertiary butyl sulfonic acid market share.
The global ATBS acid market is analyzed on the basis of packaging type, application spectrum, and regional outlook. Speaking of packaging type, the market is segmented as Na aqueous solution, and powder/granular, wherein, the later segment is presumed to maintain its dominance in ATBS acid market over the forecast period, as it is easy to handle and environment friendly.
Considering the application spectrum, ATBS acid industry is fragmented as paints & coatings, enhanced oil recovery, textiles auxiliaries & acrylic fibers, personal care, water treatment, construction chemicals, detergents & cleaners, and leather tanning.
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Based on the regional outlook, the global ATBS acid market is divided into four regions which are Asia Pacific, North America, Europe, and rest of the world. The study cites that Asia Pacific acrylamide tertiary butyl sulfonic acid market is anticipated to expand significantly over the analysis timeline, due to high GDP growth, and growing population with a higher disposable income in the region.
The prominent companies operating in ATBS acid market include Shandong Taihe Water Treatment Technologies Co. Ltd., China Chemical Group (Qingdao) Co. Ltd., Vinatti Organics Limited, Xiamen Changtian Enterprise Co. Ltd., Lubrizol Corporation, Toagosei Co. Ltd., All-Plus Chemical Company, Shandong Lianmeng Chemical Group Co. Ltd., and Zeal Product.