Terephthaloyl Chloride (TPC) Market

Global Terephthaloyl Chloride (TPC) Market by Type (Industrial Grade, Food Grade), By Application (Performance Polymers, Aramid Fibers, Water Scavenge, Other), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: MC-75
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 20
  • No. Of Pages: 120
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  • Pub. Date: 2020-10-22
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Market Outlook:

The global Terephthaloyl Chloride (TPC) market was valued at USD 2,461.2 Million in 2019 and is projected to reach USD 3,266.1 Million by 2027, expanding at a CAGR of 3.6% during the forecast period. Terephthaloyl Chloride is used as an additive in polymers and fibers to improve flame, chemical and weather resistance and flexibility. It is used as a stabilizer for urethane prepolymers. Phthalic Acid, also called Benzenedicarboxylic Acid with formula C6H4(COOH)2, is the name of any of three isomers. The ortho form (1,2-benzenecarboxylic acid) is called simply phthalic acid. It is a white-crystals decomposing at 191°C and slightly soluble in water and ether. This compound is mainly produced and marketed in the form of its anhydride produced by the oxidation of orthoxylene and naphthalene. Its wide application is based on the ortho related carboxylic acid groups as their dehydration is highly reactive with broad processing conditions to produce various downstream products. It is used to make simple esters widely used as plasticizers. It is used as in making unsaturated polyester resins, alkyd resins, polyester polyols, dyes and pigments, halogenated anhydrides, polyetherimide resins, isatoic anhydride and insect repellents. The meta form is isophthalic acid (1,3-benzenecarboxylic acid). It is a white-crystals subliming at 345°C slightly soluble in water, alcohol and acetic acid (insoluble in benzene).

Global Terephthaloyl Chloride (TPC) Market Summary

Market Dynamics
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.
 

Segmental Outlook

Based on types, the industrial grade market was the largest product segment in the global terephthaloyl chloride (TPC) market in 2019. The segment contributed over 60.0% of the global market value in the same year. The industrial grade is expected to dominate throughout the period, 2020-2027 and also anticipated to expand highest CAGR during the forecast. Industrial grade accounts for the largest segment in terms of value and volume. Terephthaloyl chloride used across various industrial sectors such as monomer synthesis accounts for major share with utilization for fabrication of aramid fibers and high-performance polymers. Aramid fibers have end use in automotive, marine, defense and aerospace for materials having high strength, light weight and resistance to chemicals and organic solvents. High performance polymers are an attractive segment owing to design flexibility, high dielectric strength and low shrinkage properties.

Food grading basically means involvement of assessment, sorting and inspection of various foods regarding quality, freshness, legal conformity and market value. The term food grade is basically used to describe tools, supplies, and equipment that are of sufficient quality to be used for food production, food storage, or food preparation purposes. Terephthaloyl chloride for food grade segment is expected to grow over the forecast period.

By Application segment id further bifurcated into performance polymers, aramid fibers, water scavenge, other. Performance polymers, aramid fibers, and water scavenge category hold more than 85.0% market share in 2019. Performance polymers was accounted as the market leading category in application segment in 2019 and also anticipated to expand at highest CAGR during the forecast.

Global Terephthaloyl Chloride (TPC) Market By Type

Regional Outlook

In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is a promising region for the market. It constituted a ~29.0% share of the market in 2019. The growing automobile and defense industrial necessities in developing economies such as the United States and Canada. Also, the need for aramid fibers in various industries has driven the terephthaloyl chloride market. The market in the region is projected to expand at a CAGR of 4.2% during the forecast period. Asia Pacific is expected to register highest demand growth owing to the rising utilization of performance polymers in electronics and medical industry which have boosted demand for terephthaloyl chloride. Moreover, rising urbanization and transportation advancements also drive the demand for terephthaloyl chloride in the region.

Global Terephthaloyl Chloride (TPC) Market By Region

Competitive Landscape

  • The prominent manufacturers operating in the Terephthaloyl Chloride (TPC) Market include DuPont, Teijin, Transpex, Changzhou Kefeng, Qingdao Benzo(QDBC), Shandong Kaisheng New Materials, Yantai Yuxiang. The report describes Capacity (K Kgs), production, Revenue (USD Million), price, products offered, recent developments, gross margin, and gross profit.
  • In Jan 2019, Teijin Limited announced that it has agreed to wholly acquire Benet Automotive s.r.o. (Benet), a leading automotive composite and component supplier in the Czech Republic, from Jet Investment. Terms of the acquisition are not being disclosed
  • DowDuPont (NYSE:DWDP) announced the successful completion of the merger of equals between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”) in September 2017. The combined entity is operating as a holding company under the name “DowDuPont” with three divisions – Agriculture, Materials Science, and Specialty Products.

Global Terephthaloyl Chloride (TPC) Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Terephthaloyl Chloride (TPC) Market
  • Historical, Current and Projected Market Size in terms of Value (USD Million), Volume (Tons)
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Terephthaloyl Chloride (TPC) Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Terephthaloyl Chloride (TPC) Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Terephthaloyl Chloride (TPC) Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Terephthaloyl Chloride (TPC) Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Terephthaloyl Chloride (TPC) Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Terephthaloyl Chloride (TPC) Market Size & Forecast, 2017-2027
      4.5.1 Terephthaloyl Chloride (TPC) Market Size and Y-o-Y Growth
      4.5.2 Terephthaloyl Chloride (TPC) Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Type, 2017-2027
   4.7 Global Terephthaloyl Chloride (TPC) Market: Impact Of Key Regulations
   4.8 Global Chemical Industry Outlook
Chapter 5 Global Terephthaloyl Chloride (TPC) Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Type
      5.2.1 Industrial Grade
      5.2.2 Food Grade
   5.3 Market Attractiveness Analysis By Type

Chapter 6 Global Terephthaloyl Chloride (TPC) Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Application
      6.2.1 Performance Polymers
      6.2.2 Aramid Fibers
      6.2.3 Water Scavenge
      6.2.4 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Terephthaloyl Chloride (TPC) Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Terephthaloyl Chloride (TPC) Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Terephthaloyl Chloride (TPC) Analysis and Forecast
   9.1 Introduction
   9.2 North America Terephthaloyl Chloride (TPC) Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Type
      9.6.1 Industrial Grade
      9.6.2 Food Grade
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Application
      9.10.1 Performance Polymers
      9.10.2 Aramid Fibers
      9.10.3 Water Scavenge
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Terephthaloyl Chloride (TPC) Analysis and Forecast
   10.1 Introduction
   10.2 Europe Terephthaloyl Chloride (TPC) Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Type
      10.6.1 Industrial Grade
      10.6.2 Food Grade
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Application
      10.10.1 Performance Polymers
      10.10.2 Aramid Fibers
      10.10.3 Water Scavenge
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Terephthaloyl Chloride (TPC) Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Terephthaloyl Chloride (TPC) Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Type
      11.6.1 Industrial Grade
      11.6.2 Food Grade
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Application
      11.10.1 Performance Polymers
      11.10.2 Aramid Fibers
      11.10.3 Water Scavenge
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Terephthaloyl Chloride (TPC) Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Terephthaloyl Chloride (TPC) Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Type
      12.6.1 Industrial Grade
      12.6.2 Food Grade
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Application
      12.10.1 Performance Polymers
      12.10.2 Aramid Fibers
      12.10.3 Water Scavenge
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Terephthaloyl Chloride (TPC) Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Terephthaloyl Chloride (TPC) Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Type
      13.6.1 Industrial Grade
      13.6.2 Food Grade
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Terephthaloyl Chloride (TPC) Market Size & Volume Forecast By Application
      13.10.1 Performance Polymers
      13.10.2 Aramid Fibers
      13.10.3 Water Scavenge
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Terephthaloyl Chloride (TPC) Market: Competitive Dashboard
   14.2 Global Terephthaloyl Chloride (TPC) Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Dupont
      14.3.2 Teijin
      14.3.3 Transpek
      14.3.4 Changzhou Kefeng
      14.3.5 Qingdao Benzo (QDBC)
      14.3.6 Shandong Kaisheng New Materials
      14.3.7 Yantai Yuxiang
      14.3.8 Others (On Request)
Key Segments Covered
By Type
  • Industrial Grade
  • Food Grade
By Application
  • Performance Polymers
  • Aramid Fibers
  • Water Scavenge
  • Other
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa
Key Market Players Profiled in the Report
  • Dupont
  • Teijin
  • Transpek
  • Changzhou Kefeng
  • Qingdao Benzo (QDBC)
  • Shandong Kaisheng New Materials
  • Yantai Yuxiang
  • Others (On Request)

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.

According to this Growth Market Reports report, the market from Terephthaloyl Chloride (TPC) is likely to register a CAGR of 3.8% during forecast period 2020-2027, with an anticipated valuation of USD 3,266.1 million by the end of the 2027.

In addition to market size (in USD Million) & Volume (Tons) Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the value chain is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is primarily driven by the increase in demand for Kevlar, a material formed by combining terephthaloyl chloride and para-phenylenediamine. Growing automobile industry & its usage in the sector is generating further demand for Terephthaloyl Chloride (TPC) in the market.

The market is expected to witness a decrease of over 2-3% between 2019 and 2020 owing to the adverse impact of COVID-19 pandemic on the Terephthaloyl Chloride (TPC) market.

The base year considered for the global Terephthaloyl Chloride (TPC) market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Food processing companies, water scavenge companies, performance polymers end use companies are the key end-user that are driving the Terephthaloyl Chloride (TPC) market.

Major Manufactures include, Dupont, Teijin, Transpek, Changzhou Kefeng etc.