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Terephthaloyl Chloride Market Size & Share by Application, Type and Region – Global Forecast to 2025

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MarketResearchReports.Biz announces addition of new report ” Terephthaloyl Chloride Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025″ to its database.

The main objective of this report is to define, describe, and forecast the global “Terephthaloyl Chloride” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Chloride is a compound of chlorine combined with another element or group, especially a salt of the anion Cl? or an organic compound of chlorine bonded to an alkyl group. Terephthaloyl chloride is an acid chloride derivative of terephthalic acid. Terephthaloyl chloride is abbreviated as TCL and its chemical formula is C8H4Cl2O2. TCL is a transparent water-white liquid above its freezing point, and white crystalline solid at room temperature. Flame resistance, chemical resistance, temperature stability, lightweight, and high physical strength are some properties of terephthaloyl chloride. TCL is a vital component for performance polymers and aramid fibers. Terephthaloyl chloride is also an effective water scavenger, used to stabilize urethane prepolymers and isocyanates.

The global terephthaloyl chloride market is primarily driven by the increase in demand for Kevlar, a material formed by combining terephthaloyl chloride and para-phenylenediamine. The automobile industry uses terephthaloyl chloride owing to its chemical, mechanical, and physical properties. This is expected to boost the terephthaloyl chloride market Moreover, use of TLC in wide range of applications, ranging from consumer products to industrial gadgets are projected to create lucrative opportunities for the expansion of the market. Research & development in improving the utilization of terephthaloyl chloride, is expected to drive the market. Corrosive property of terephthaloyl chloride creates problems in its storage and increases the overall cost. This is anticipated to hamper the market.

Based on form, the terephthaloyl chloride market can be segmented into flakes and molten form. The molten form segment accounts for a significant share of the market due to rising demand for manufacturing of chemical-resistant materials. Flakes are utilized in the synthesis of high-performance polymers and is projected to create lucrative opportunities for expansion of the segment.

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In terms of application, the terephthaloyl chloride market can be segmented into performance polymers, aramid fibers, water scavengers, and others. The aramid fibers segment holds a prominent share of the market. Aramid fibers are used in protective clothing for industrial and aerospace sectors owing to its high material strength and high heat-resistant properties. Furthermore, aramid fibers are used to manufacture Kevlar, which is known for its lightweight properties. Therefore, surge in demand for Kevlar in the defense industry is expected to propel the terephthaloyl chloride market. The performance polymers segment also accounts for a considerable share of the terephthaloyl chloride market as they are primarily used in oil & gas, mining, and construction industries.

In terms of geography, the terephthaloyl chloride market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America accounts for a significant share of the global terephthaloyl market owing to the rise in demand for aramid fibers in automobile and defense industries. Asia Pacific holds a substantial share of the market owing to the utilization of performance polymers in end-use industries. An upsurge in demand for consumer goods is expected to fuel the terephthaloyl chloride market in growing economies such as China and India. Europe, Latin America, and Middle East & Africa are the emerging hubs of the terephthaloyl chloride market.

Key players operating in the global terephthaloyl chloride market include E. I. du Pont de Nemours and Company, Transpek Industry Ltd, Yantai Yuxiang Fine Chemical Co. Ltd., TCI Chemicals Pvt. Ltd., and Sigma-Aldrich Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

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