Global Terephthaloyl Chloride Market

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Global Terephthaloyl chloride market

Global Terephthaloyl chloride market was valued at US$ XX Bn in 2020 and expected to reach US$ XX Bn by 2027 at a CAGR of XX% during forecast period.

The acid Chloride derived from terephthalic acid is Terephthaloyl chloride with chemical formula C8H4Cl2O2.
The report covers the detailed analysis of the Global Terephthaloyl chloride industry with the classifications of the market on the basis of form, product, application and region. Analysis of past market dynamics from 2016 to 2020 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.

Global Terephthaloyl Chloride Market

 

Global Terephthaloyl Chloride Market

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Global Terephthaloyl chloride market Dynamics

The good chemical, mechanical and physical properties of terephthaloyl chloride increases demand in automobile industry which is major growth driver for global market. The growing industrial, defense and aerospace sectors results in demand growth for terephthaloyl chloride for various applications purpose for example it is used at major amount for protective coating.

The properties of terephthaloyl chloride like corrosiveness creates problem in its storage and increases overall cost by acting as a growth restraint factor for global terephthaloyl market. There are other factors also available for restraint growth that, terephthaloyl chlorides are not capable to impact stress cracking resistance and medium hydrolytic stability. In addition to that, demand of high performance polymers is limited due to high price and limited availability is also responsible in restraint the global terephthaloyl chloride market.

The use of terephthaloyl chloride in wide range of application area from consumer products to industrial gadgets is expected to create more opportunities for new participants in global terephthaloyl chloride market.

 

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Scope of the Report for Terephthaloyl Chloride Market: Inquire before buying

The report helps in understanding Global terephthaloyl chloride Market dynamics, structure, by analyzing the market segments and projects the Global Terephthaloyl chloride Market size. The clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Terephthaloyl chloride market make the report investor’s guide.
Global Terephthaloyl chloride market Regional Insights

Global Terephthaloyl Chloride Market1
Major Key Players in the Global Terephthaloyl Chloride Market

The Report provides detail study of the key players of global terephthaloyl chloride market with their growth by conserving past data. In addition to that report helps reader with the company profile, Company Overview, Financial Overview, Product Portfolio, Business Strategy, Recent Developments and Development Footprint analysis and growth strategies for each.

• DuPont
• Teijin
• Changzhou Kefeng
• Qingdao Benzo(QDBC)
• Transpex
• Shandong Kaisheng New Materials
• Yantai Yuxiang
• Sigma Aldrich
• Transpeck Industries and TCI Chemicals
Global Terephthaloyl Chloride Market, by Form

• Flakes
• Molten Liquid

Molten liquid segment dominates the global terephthaloyl chloride market and expected to register consistency in growth. The molten liquid segment is expected to reach US$ XX Bn by 2026 at a CAGR of XX Bn during forecast period and earlier it has shown US$ XX Bn in 2020. The demand in fabrication for molten liquid is high due to requirement of flame resistant and chemical resistant materials.
Global Terephthaloyl Chloride Market, by product

• 99%-99.8%
• 99.8%-99.9%
• Above 99.9%

The 99%-99.8% segment held XX% of global terephthaloyl chloride market shares in 2020 and expected to reach US$ XX Bn by 2026 at a CAGR XX% during forecast period. The High demand rate for 99%-99.8% segment to use for synthesis of liquid crystalline thermosets is major responsible factor for growth of segment in global terephthaloyl chloride market.
Global Terephthaloyl Chloride Market, by Application

• Performance polymers
• Aramid fibers
• Water scavengers
• Others

Aramid fibers held major shares of global market with US$ XX Bn in 2020 and is expected to reach US$ XX Bn by 2026 at a CAGR of XX% during forecast period. The demand for segment is showing growth from industrial, defense, aerospace sectors for protective clothing as it is having high material strength and high heat-resistant properties. Also there is growth in demand for manufacture of Kevlar due to lightweight property.
Global Terephthaloyl Chloride Market, by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

The North America was valued at US$ XX Bn in 2020 and expected to register growth of US$ XX Bn by 2026 at a CAGR of XX Bn during forecast period. Rise in demand for aramid fibers in automobile and defense industries is more in North America. In addition to that, growth in demand for aramid fibers for protective clothing propels the market growth. The U.S. is spending heavily in market for strengthening defense industry.

This Report Is Submitted By : Maximize Market Research Company

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