ID: MRFR/CnM/0229-HCR | 140 Pages | Published By Chitranshi Jaiswal on March 2023
Acrylamide product is polymerizable with acrylonitrile, acrylamide, and also with acrylic acid. It occupies a CAGR of 12% during the market forecast 2021-2030.
$16 billion
12%
North America
2021-2030
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.
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.
Some of the key players playing in the market are
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
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.
Report Attribute/Metric | Details |
---|---|
Market Size | 16 billion 2030 |
CAGR | 12% 2030 |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Form, Application and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | VINATI ORGANICS LIMITED (India), TOAGOSEI CO., LTD (Japan), WeylChem International GmbH (Germany), All Plus Chemicals Co. Ltd (China), Merck KGaA (Germany), Vizag Chemicals (India), Spectrum Chemical Manufacturing Corp. (US), Acar Chemicals (Turkey), Thermo Fisher Scientific Inc. (US), and TCI Chemicals (Japan). |
Key Market Opportunities | The increasing use of ATBS in the paints and coatings industry for emulsions, which helps in reducing the grit formation and increases scrub resistance in paints and coatings. |
Key Market Drivers | The increasing use as water treatment chemicals, textile auxiliaries, paints and coatings, and oilfield chemicals. |
Some of them are manufacturers of Acrylamide tertiary-butyl sulfonic acid, traders, suppliers, and distributors of Acrylamide tertiary-butyl sulfonic acid, investors investing potentially, suppliers of raw materials and some of the nationalized laboratories so present.
The rise in the growth of the textile industry in the above regions is the major driving force for the rising acrylamide tertiary-butyl sulfonic acid market size. The textile industry in this region raises the economic condition in the Middle East and African region. Some of the regions so included in this are Turkey, the Egyptian region, and some of the South African region. Turkey has high growth potential and is one of the leading regions exploring the growth of textiles. The apparel manufacturing industry in this region has been attributed to the growth of the market. The export of cloth contributes approximately 10% increasing the market value that rises the exports to different regions of the world. In the upcoming years, Turkey rises to be one of the vital manufacturers and exporters, which raises the demand and growth of ATBS. Some of the Latin American regions are influenced by the rising deep-sea exploration in the Gulf of Mexico regions and the rise of industrialization, especially in this region.
The base year is expected to be 2019 where you can find maximum growth due to several factors.
The report covers some of the areas of revenue forecast, competitive landscape, some of the growth-promoting factors, and some of the upcoming acrylamide tertiary butyl sulfonic market trends.
The Asia Pacific region is expected to be the leading region contributing to market growth.