Acrylamide Tertiary-Butyl Sulfonic Acid (ATBS) Market: Information by Form (Powder, Pellets, and Others), Application (Water Treatment Chemicals, Paints and Coatings, Adhesives, Textile Auxiliary, Oilfield Chemicals, Personal Care, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2030

Acrylamide Tertiary-Butyl Sulfonic Acid (ATBS) Market Overview

The acrylamide tertiary-butyl sulfonic acid (ATBS) market is expected to gain a market value of USD 16 Billion by 2030 at a CAGR of 12% from 2022-2030.

Acrylamide tertiary-butyl sulfonic acid is a highly responsive singular sulfonic acid acrylic monomer. It is also known as AMPS (Acrylamide 2-methyl-1-propane sulfonic acid) and is used in several polymerization processes. The multipurpose substance possesses thermal stability, hydrophilicity, hydrolytic nature, polarity, and reactivity ratio. ATBS can be copolymerized with acrylonitrile, acrylic esters, acrylic acid, and acrylamides, as it is highly polymerizable. 

The growth in the acrylamide tertiary-butyl sulfonic acid market can be accredited to the growing demand for coatings and paints, water treatment, personal care, and textiles auxiliaries & acrylic fiber applications. In terms of type, the granular/powder segment is predicted to lead the market during the forecast period owing to its properties, such as high solubility and small viscosity. By region, Asia-Pacific is projected to be the fastest-increasing market during the forecast period.

COVID-19 Analysis

The outbreak of the COVID-19 pandemic in 2020 has put the world in the most hazardous situation. The acrylamide tertiary-butyl sulfonic acid market in India and abroad was massively affected during the pandemic. The market carrying the consumers, suppliers, manufacturers, and some distributors has been knocked out hard. This pandemic has caused an enormous change in marketing channels, consumption patterns, and value chain analysis. Many industries have experienced shutdowns, and e-commerce across the world cooperated.

MARKET DYNAMICS

MARKET SEGMENTATION

• By type- globally, the acrylamide tertiary-butyl sulfonic acid industry has been classified into form, application, and region. Based on type, the market is divided into powder, pellets, and many more. Based on application, the ATBS market is divided into water treatment chemicals, paints, and coatings. With it, it includes adhesives, textile auxiliary, oilfield chemicals, personal care, and many more.


• By technology- technology led to the solving of certain problems like decoloration, unpleasant odor, and its low performance. Some of the effective strategies were developed for addressing the bio-fueling issue of the Acrylamide tertiary-butyl sulfonic acid. By using the technology, some of the antimicrobial polymer coatings have been developed to design and are also used for the fabrication of polymer coatings for endowing the surface of high microbial efficiency. Technology has been used in a most significant way where the coatings have been used in leather.

REGIONAL ANALYSIS

Based on region, the market is classified into North America, European region, some of the Asia Pacific region, Latin American region and also the Middle East and some African region. The Asia Pacific region covers the large acrylamide tertiary-butyl sulfonic acid market share in the year 2018. Here the demand for ATBS rises from the end-users industry like treatment of water, along with textile auxiliaries, paints and coatings with personal care, and many more. The presence of some of the distributors and suppliers in this Asia Pacific region augments up the demand for ATBS in the market. The growth of the textile industry in the region of Southeast Asia along with a rise in activities related to oil exploration drives up the growth and demand in this region during the market forecast period. The growth of ATSB in the North American region accounts for the second largest market share followed by the market in the European region. The rise of exploration activities in the region of the United States and Canada and the presence of paintings and coatings suppliers and manufacturers augments up the demand in all these regions. The growth of ATBS demand is also found in the regions of the Middle East and Africa.

COMPETITIVE LANDSCAPE

Some of the key players playing in the market are

• VINAI ORGANICS LIMITED of India,


• TOAGOSEI Co. ltd of Japan,


• WeylChem International GmbH of Germany,


• All Plus Chemicals Co. ltd of China,


• Merck kGaA of Germany,


• Thermo Fisher Scientific Inc. of the United States,


• Vizag Chemicals of India,


• Acar Chemicals of Turkey,


• Spectrum Chemical Manufacturing Corp. of the United States


• TCI Chemicals of Japan.

These competitors are carrying out strategic frameworks that will help in foreseeing new ones that will help in pushing up the preparedness. Their strategic plan will help in recovering the market from disruptive market trends. It symbolizes about the

Recent Developments

• In October 2021- Oct, 2021: Vinati Organics infuses ₹800 crores to boost its top line - The speciality chemicals and organic intermediaries’ manufacturer Vinati Organics Ltd, is in the process of completing ₹800 crore investments to boost its top line. It has recently completed expansion of acrylamide tertiary-butyl sulfonic acid (ATBS) manufacturing and started a butyl-phenol factory. In addition, it has started the merger process with Veeral Additives Pvt. Ltd (VAPL) for achieving a revenue target of ₹2,000 crore in 2022-23.“An antioxidants plant should start in January 2022 after completion of the merger. Combining all this, we are aiming for ₹1,500 crore of revenue in FY 2022 and ₹2,000 crore in FY 2023,” says Vinati Saraf Mutreja, managing director and CEO. The manufacturer posted ₹269 crore profit on a revenue of ₹954 crore revenue. In the previous year, the profit was higher at ₹333 crore and revenue at ₹1,028 crore.Vinati has outperformed the benchmark indexes in the last 10 years and reached a market value of ₹20,000 crore. The share price has increased by around 58 times in the last 10 years to ₹1,925. “We were generating around ₹60 crore revenue and ₹2 crore profit until 2006. The growth has been consistent in the years after that,” she adds.
  
  The company needs SEBI and NCLT approvals to complete the merger and it is expected to take 8-10 months. It is essential for the forward integration of butyl-phenols to antioxidants conversion, says Vinati. “The investment has been made for reaching ₹2,000 crore-revenue target. We have invested ₹300 crore in butyl-phenol, ₹150 crore in ATBS expansion and around ₹200 crore for VAPL merger. Apart from these, we have a few products in the research and development state. We are commercialising a few and have announced an additional capital expenditure of ₹150 crore,” adds Vinati.
  
  Vinati—the world’s largest manufacturer of Isobutyl Benzene (IBB) and ATBS—exports about 75% of the production and has around 300 customers. Global chemical manufacturers like Dow Chemical, BASF and Ecolab are major clients of the chemical manufacturer. It procures raw materials from Reliance Industries, BPCL and GAIL. They import raw materials like acrylonitrile and buy phenol from Deepak Nitrite.

REPORT OVERVIEW

The report evaluates the present and future aspects of the growth. It summarises the factors that shape the revenue potential of the market. From report analysis, you will mark the quadrant framework that gives information about the market segments and the consumer experience. It summarises the business intelligence solutions that have helped the stakeholders to take certain steps that will help in the growth of the market. It gives insights into the primary and the secondary research that will carry out tangible benefits which will boost the performance of the business. From report analysis, you will find about industrial measurements like the driving forces, developmental variables, and the difficulties faced by the market and the difficulties faced by the market.