Trifluoroacetic Acid Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025

Global demand for trifluoroacetic acid market was valued at approximately USD 274.98 million in 2018 and is expected to generate revenue of around USD 371.03 million by end of 2025, growing at a CAGR of around 4.4% between 2019 and 2025.

06-Aug-2019 | Number of pages: 110 | Report Code: ZMR-4549 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the trifluoroacetic acid market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on volume (Kilo Tons) and revenue (USD Million). The study includes drivers and restraints for the trifluoroacetic acid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the trifluoroacetic acid market on a global as well as regional level.

As per the report, the global demand for trifluoroacetic acid market was valued at approximately USD 274.98 million in 2018 and is expected to generate revenue of around USD 371.03 million by end of 2025, growing at a CAGR of around 4.4% between 2019 and 2025.

Globa lTrifluoroacetic Acid Market

Trifluoroacetic is a colorless liquid having pungent odor. It is an organofluorine compound that is used in various medical and pesticide intermediates. It is a widely used chemical and is categorized under the bulk chemicals category. It is derived from acetic acid and is a conjugate acid of trifluoroacetate. It also acts as a reagent in organic synthesis and it is the precursor for many chemical products owing to the high strength, volatility, high dielectric constant, low boiling point, and solubility in many solvents. Trifluoroacetic acid is one of the most stable carboxylic acid and is significantly acidic than acetic acid. Many chemical reactions such as oxidations, reductions, rearrangements, functional group deprotections, hydroarylation, etc. require trifluoroacetic acid.

The growth of the chemical industry across the globe is expected to be the major driving factor for the growth of the global trifluoroacetic acid market. The global chemical market grew up by 2.7%, while it registered 3.4% growth in the emerging economies in 2018. Rise in the manufacturing activities in emerging economies such as China and India is expected to be a major growth driver for the global trifluoroacetic acid market growth. China accounted for over 60% of the global chemical market growth and it is also the largest market in terms of market share. Hence, several global players have established plants and facilities in China in order to develop their business. Low labor cost and lesser regulations are the major factors driving the expansion of global market. However, environmental concerns regarding the manufacture and use of trifluoroacetic acid owing to its non-biodegradable nature is expected to be a major restraining factor for the growth of the market. Trifluoroacetic acid is widely used in the pharmaceutical and agriculture industries as intermediates. Growth of these sectors is expected to provide ample growth opportunities for the key players operating in the global trifluoroacetic acid market.

The global trifluoroacetic acid market is segmented based on application, end-user, and region. Based on application, the global trifluoroacetic acid market is segmented into solvents, rearrangements, protecting group removal, oxidations, reductions, condensations, and others. Based on end-user, the market is segmented into agriculture, pharmaceuticals, and others. Pharmaceuticals industry accounted for a larger share of the market in 2018. It is used in the substitution reaction of various organic compounds used to make various pharmaceuticals. 

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the dominant region in the global trifluoroacetic acid market in 2018. Large chemical manufacturing sector in China is expected to be the major driving factor for the growth of the trifluoroacetic acid market in the region. Moreover, the pharmaceutical industry in China and India has also been witnessing growth in the recent years.

Some of the key players operating in the global trifluoroacetic acid market include Solvay, Halocarbon, SRF, Sinochem, Bluestar, Shandong Xingfu, Zhenfu New Materials, Nantong Baokai, and Anhui Jinao, among others.

By Application

  • Solvents
  • Rearrangements
  • Protecting Group Removal
  • Oxidations
  • Reductions
  • Condensations
  • Others

By End-User

  • Agriculture
  • Pharmaceuticals
  • Others

By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Pulp and Paper Chemicals Market - Size, Share & Trends Analysis Report By Product (Basic, Functional, Bleaching), By Application (Packaging, Labeling, Printing), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Mar-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5325 | Report Format:

Global Pulp and Chemicals Market: An Overview The global pulp and chemicals market is a fragmented and competitive landscape, with large numbers of small, and large players. The rising demand for pulp and chemicals in food packaging, and growing demand for segments like bleaching chemicals prese...Read More

Lithium-Ion Battery Recycling Market – By Battery Chemistry (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide), By End-Use (Automotive and Non-Automotive), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5303 | Report Format:

This report analyzes and estimates the Lithium-Ion Battery Recycling market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Lithium-Ion...Read More

Residue Testing Market – By Type (Pesticides Residues, Toxins, Heavy Metals, Food Allergens, and Others), By Technology (Chromatography, Spectroscopy, Immunoassay, and Others), By Food Tested (Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, Cereals, Grains & Pulses, Nuts, Seed & Spice, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5294 | Report Format:

This report analyzes and estimates the Residue Testing market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Residue Testing market dr...Read More

Plastic Fencing Market – By Material (Vinyl, Polyethylene, Polystyrene, and Plastic Composites), By Product (Chain Link Fence, Picket Fence, Gates, and Post & Rail Fence), By Application (Pool Fencing, Temporary Fencing, Boundary Fencing, Privacy Fencing, And Others), By End-Use (Residential, Commercial & Industrial, and Agriculture), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5288 | Report Format:

This report analyzes and estimates the plastic fencing market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the plastic fencing mar...Read More

Request Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.