Trifluoroacetic Acid (TFA) Market Report - Global Forecast till 2027

Trifluoroacetic Acid (TFA) Market: Information by Type (99.5% Trifluoroacetic Acid, 99.9% Trifluoroacetic Acid and others), Application (Medical Intermediates, Pesticide Intermediates and others) and Region (North America, Latin America, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/CnM/6592-HCR | February 2021 | Region: Global | 140 pages

Market Synopsis


The global trifluoroacetic acid (TFA) market, in terms of value, accounted USD 271 million in 2017. Trifluoroacetic acid (TFA) is a halogenated derivative of acetic acid, which acts as an acid catalyst or solvent. It is used as a chemical intermediate in pesticides and pharmaceuticals. The demand for TFA anhydride in pesticides is led by shirking agricultural land and increase in demand for food. In addition, the application of pesticides in cotton crops is comparatively greater than other crops. For instance, the Organic Trade Association has reported that in 2014, around USD 3.3 billion worth pesticides was used especially for growing cotton. Thus, the increase in demand for cotton in textile, baby care, feminine care, home furnishing, nonwovens, and healthcare application is expected to surge the demand for pesticides, thus TFA during the review period.


Trifluoroacetic acid (TFA) is significantly used as an intermediary medical product. The increasing prevalence of various diseases, awareness regarding different treatment options, and favorable government policies have surged the need for pharmaceuticals. According to the European Federation of Pharmaceutical Industries & Association (EFPIA), in 2016, North America accounted for 49% of the global sale of pharmaceuticals, whereas Europe accounted for 21.5%. The increasing awareness regarding healthcare and disposable income of the consumers has increased the demand for TFA. In addition, the US Medicare spending increased by 4.2% to USD 705 billion in 2017. Increasing government support for the growth of the medical industry in India such as approval of 100% FDI in the medical industry, set up of medical parks, approvals and special incentives to citizens are likely to drive the growth of the medical industry and positively influence the growth of the global trifluoroacetic acid (TFA) market.


Key Players


Some of the prominent players in the global trifluoroacetic acid (TFA) market are Solvay (Belgium), SRF Limited (India), Halocarbon Products Corporation (US), Sinochem (China), Anhui Jin'ao Chemical Co., Ltd (China), Nantong Baokai Chemical Co., Ltd (China), Midas Pharma GmbH (Germany), among others.


Global Trifluoroacetic Acid (TFA) Market Share, by Type, 2018 (%)  Trifluoroacetic Acid (TFA) Market_Image


Source: MRFR Analysis


Regional Analysis


The growth of the Asia-Pacific market is mainly driven by the increase in demand for pesticides in countries such as China, India, and Japan. The United Nations Statistics Division and Food and Agriculture Organization reported that these countries are dependent on the agricultural output, for instance, the agriculture sector in Asia-Pacific contributed 56.4% of the global GDP. TFA is majorly used as an agricultural intermediate in pesticides. High dependency on agricultural industry is likely to increase the consumption of pesticides in the region, thus positively impacting the growth of the regional market during the forecast period. The expenditure in the pharmaceutical industry in Europe is increasing on account of increasing prevalence of chronic diseases. The European healthcare spending in 2015 was around USD 1,645.7 billion, which is estimated to increase with the growing geriatric population, which is expected to propel the demand for medical intermediary products such as TFA.


The growth of the North America market is primarily driven by increasing demand for TFA as a medical intermediate. The medical spending in the US is increasing owing to rise in number of chronic diseases such as heart disease, cancer, respiratory diseases, diabetes, and kidney diseases led by change in lifestyles, increase in environment pollution, and geriatric population, which is likely to propel the demand for TFA and boost the growth of the regional market.


Market Segmentation


The global trifluoroacetic acid (TFA) market has been segmented on the basis of type, application, end-use industry, and region. Based on type, the global trifluoroacetic acid (TFA) market has been segregated into 99.5% trifluoroacetic acid, 99.9% trifluoroacetic acid, and others. The 99.9% trifluoroacetic acid segment is expected to register healthy CAGR owing to its wide application in the medical products. By application, the global market has been divided into medical intermediates, pesticide intermediates, and others.


Intended Audience



  • Trifluoroacetic acid (TFA) producers

  • Traders and distributors of trifluoroacetic acid (TFA)

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2022: USD 271 million
  • 2027: Significant Value

    		•
      CAGR    Substantial CAGR (2017-2024)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered    Type, Application
      Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors    Solvay (Belgium), SRF Limited (India), Halocarbon Products Corporation (US), Sinochem (China), Anhui Jin'ao Chemical Co., Ltd (China), Nantong Baokai Chemical Co., Ltd (China), Midas Pharma GmbH (Germany),
      Key Market Opportunities   The increase in demand for cotton in textile, baby care, feminine care, home furnishing, nonwovens, and healthcare application
      Key Market Drivers   The demand for TFA anhydride in pesticides is led by shirking agricultural land and increase in demand for food.


    Frequently Asked Questions (FAQ) :

    It finds extensive applications in pesticide intermediates, medical intermediates, and others.

    The Asia Pacific is expected to lead the trifluoroacetic acid market.

    Favorable government policies and rising prevalence of various diseases is boosting market growth.

    Notable players profiled in the trifluoroacetic acid market include Midas Pharma GmbH (Germany), Nantong Baokai Chemical Co., Ltd (China), Anhui Jin'ao Chemical Co., Ltd (China), Sinochem (China), Halocarbon Products Corporation (US), SRF Limited (India), and Solvay (Belgium).

    Specific strategies that industry players have incorporated to create a niche in the trifluoroacetic acid market include joint ventures, product launches, and strategic alliances.

    Table of Contents

    1. Executive Summary

    2. Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3. Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Forecast Model

    4. Market Landscape

    4.1 Supply Chain Analysis

    4.1.1 Raw Material Suppliers

    4.1.2 Manufacturers/Producers

    4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

    4.1.4 Application

    4.2 Porter’s Five Forces Analysis

    4.2.1 Threat of New Entrants

    4.2.2 Bargaining Power of Buyers

    4.2.3 Bargaining Power of Suppliers

    4.2.4 Threat of Substitutes

    4.2.5 Intensity of Competitive Rivalry

    4.3 Market Price Analysis 2020–2027

    5. Industry Overview of Global Trifluoroacetic Acid (TFA) Market

    5.1 Introduction

    5.2 Drivers

    5.3 Restraints

    5.4 Opportunities

    5.5 Challenges

    6. Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Trifluoroacetic Acid (TFA) Market, by Type

    7.1 Introduction

    7.2 99.5% trifluoroacetic acid

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast, by Region, 2020–2027

    7.3 99.9% trifluoroacetic acid

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    7.4 Others

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8. Global Trifluoroacetic Acid (TFA) Market, by Application

    8.1 Introduction

    8.2 Pesticides

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 Chemical

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 Others

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    9. Global Trifluoroacetic Acid (TFA) Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast by Type, 2020–2027

    9.2.3 Market Estimates & Forecast by Application, 2020–2027

    9.2.5 US

    9.2.5.1 Market Estimates & Forecast, 2020–2027

    9.2.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.2.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.2.6 Canada

    9.2.6.1 Market Estimates & Forecast, 2020–2027

    9.2.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.2.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.5 Germany

    9.3.5.1 Market Estimates & Forecast, 2020–2027

    9.3.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.6. France

    9.3.6.1 Market Estimates & Forecast, 2020–2027

    9.3.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.7 Italy

    9.3.7.1 Market Estimates & Forecast, 2020–2027

    9.3.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.8 Spain

    9.3.8.1 Market Estimates & Forecast, 2020–2027

    9.3.8.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.9 UK

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.9 Russia

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.11 Netherlands

    9.3.11.1 Market Estimates & Forecast, 2020–2027

    9.3.11.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.11.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.12 Rest of Europe

    9.3.12.1 Market Estimates & Forecast, 2020–2027

    9.3.12.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.12.3 Market Estimates & Forecast by Application, 2020–2027

    9.4 Asia Pacific

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.5 China

    9.4.5.1 Market Estimates & Forecast, 2020–2027

    9.4.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.6 India

    9.4.6.1 Market Estimates & Forecast, 2020–2027

    9.4.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.7 Japan

    9.4.7.1 Market Estimates & Forecast, 2020–2027

    9.4.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.8 Australia

    9.4.8.1 Market Estimates & Forecast, 2020–2027

    9.4.8.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.9 Malaysia

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.9 South Korea

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.11 Rest of Asia Pacific

    9.4.11.1 Market Estimates & Forecast, 2020–2027

    9.4.11.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.11.3 Market Estimates & Forecast by Application, 2020–2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.5 Saudi Arabia

    9.5.5.1 Market Estimates & Forecast, 2020–2027

    9.5.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.6 UAE

    9.5.6.1 Market Estimates & Forecast, 2020–2027

    9.5.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.7 Africa

    9.5.7.1 Market Estimates & Forecast, 2020–2027

    9.5.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.8 Rest of the Middle East & Africa

    9.5.8.1 Market Estimates & Forecast, 2020–2027

    9.5.8.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.5 Brazil

    9.6.5.1 Market Estimates & Forecast, 2020–2027

    9.6.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.6 Argentina

    9.6.6.1 Market Estimates & Forecast, 2020–2027

    9.6.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.7 Mexico

    9.6.7.1 Market Estimates & Forecast, 2020–2027

    9.6.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.8 Rest of Latin America

    9.6.8.1 Market Estimates & Forecast, 2020–2027

    9.6.8.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.8.3 Market Estimates & Forecast by Application, 2020–2027

    10. Competitive Landscape

    10.1 Introduction

    10.2 Market Key Strategies

    10.3 Key Development Analysis

    (Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

    11. Company Profiles

    11.1 SRF Limited

    11.1.1 Company Overview

    11.1.2 Financial Updates

    11.1.3 Product/Business Segment Overview

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.1.6 Key Strategies

    11.2 Midas Pharma GmbH

    11.2.1 Company Overview

    11.2.2 Financial Updates

    11.2.3 Product/Business Segment Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.2.6 Key Strategies

    11.3 Solvay

    11.3.1 Company Overview

    11.3.2 Financial Updates

    11.3.3 Product/Business Segment Overview

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.3.6 Key Strategies

    11.4 Halocarbon Products Corporation

    11.4.1 Company Overview

    11.4.2 Financial Updates

    11.4.3 Product/Business Segment Overview

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    10.4.6 Key Strategies

    11.5 Anhui Jin'ao Chemical Co., Ltd

    11.5.1 Company Overview

    11.5.2 Financial Updates

    11.5.3 Product/Business Segment Overview

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.5.6 Key Strategies

    11.6 Sinochem

    11.6.1 Company Overview

    11.6.2 Financial Updates

    11.6.3 Product/Business Segment Overview

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.6.6 Key Strategies

    11.7 Nantong Baokai Chemical Co.,Ltd

    11.7.1 Company Overview

    11.7.2 Financial Updates

    11.7.3 Product/Business Segment Overview

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.7.6 Key Strategies

    12. Conclusion

    LIST OF TABLES

    Table 1 Global Trifluoroacetic Acid (TFA) Market, by Region, 2020–2027

    Table 2 North America: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table 3 Europe: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table 5 Middle East & Africa: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table 6 Latin America: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table 7 Global Trifluoroacetic Acid Type Market, by Region, 2020–2027

    Table 8 North America: Trifluoroacetic Acid Type Market, by Country, 2020–2027

    Table 9 Europe: Trifluoroacetic Acid Type Market, by Country, 2020–2027

    Table10 Asia-Pacific: Trifluoroacetic Acid Type Market, by Country, 2020–2027

    Table11 Middle East & Africa: Trifluoroacetic Acid Type Market, by Country, 2020–2027

    Table12 Global Trifluoroacetic Acid Application Market, by Region, 2020–2027

    Table13 North America: Trifluoroacetic Acid Application Market, by Country, 2020–2027

    Table14 Europe: Trifluoroacetic Acid Application Market, by Country, 2020–2027

    Table15 Asia-Pacific: Trifluoroacetic Acid Application Market, by Country, 2020–2027

    Table16 Global Trifluoroacetic Acid End-Use Industry Market, by Region, 2020–2027

    Table17 North America: Trifluoroacetic Acid End-Use Industry Market, by Country, 2020–2027

    Table18 Europe: Trifluoroacetic Acid End-Use Industry Market, by Country, 2020–2027

    Table19 Asia-Pacific: Trifluoroacetic Acid End-Use Industry Market, by Country, 2020–2027

    Table20 Middle East & Africa: Trifluoroacetic Acid End-Use Industry Market, by Country, 2020–2027

    Table21 Latin America: Trifluoroacetic Acid End-Use Industry Market, by Country, 2020–2027

    Table23 North America: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table24 North America: Trifluoroacetic Acid (TFA) Market, by Type, 2020–2027

    Table29 North America: Trifluoroacetic Acid (TFA) Market, by Application, 2020–2027

    Table23 Europe: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table24 Europe: Trifluoroacetic Acid (TFA) Market, by Type, 2020–2027

    Table29 Europe: Trifluoroacetic Acid (TFA) Market, by Application, 2020–2027

    Table30 Asia-Pacific: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table31 Asia-Pacific: Trifluoroacetic Acid (TFA) Market, by Type, 2020–2027

    Table32 Asia-Pacific: Trifluoroacetic Acid (TFA) Market, by Application, 2020–2027

    Table33 Middle East & Africa: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table34 Middle East & Africa Trifluoroacetic Acid (TFA) Market, by Type, 2020–2027

    Table35 Middle East & Africa: Trifluoroacetic Acid (TFA) Market, by Application, 2020–2027

    Table36 Latin America: Trifluoroacetic Acid (TFA) Market, by Country, 2020–2027

    Table37 Latin America Trifluoroacetic Acid (TFA) Market, by Type, 2020–2027

    Table38 Latin America: Trifluoroacetic Acid (TFA) Market, by Application, 2020–2027

    LIST OF FIGURES

    FIGURE 1 Global Trifluoroacetic Acid (TFA) Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Trifluoroacetic Acid (TFA) Market

    FIGURE 4 Value Chain of Global Trifluoroacetic Acid (TFA) Market

    FIGURE 5 Share of Global Trifluoroacetic Acid (TFA) Market in 2020, by Country (%)

    FIGURE 6 Global Trifluoroacetic Acid (TFA) Market, 2020–2027,

    FIGURE 7 Sub-Segments of Type, 2020

    FIGURE 8 Global Trifluoroacetic Acid (TFA) Market Size, by Type, 2020

    FIGURE 9 Share of Global Trifluoroacetic Acid (TFA) Market, by Type, 2020–2027

    FIGURE 10 Sub-Segments of Application

    FIGURE 11 Global Trifluoroacetic Acid (TFA) Market Size, by Application, 2020

    FIGURE 12 Share of Global Trifluoroacetic Acid (TFA) Market, by Application, 2020–2027