Trifluoroacetic Acid Market 2022-2030
The demand for TFA anhydride is primarily driven by the high demand for pesticides in the agricultural industry. With the growing population, the demand for food is expected to increase rapidly in the coming years. To meet this increasing demand, efficient crop production with better quality is necessary.
The global trifluoroacetic acid market share is likely to attain a global CAGR of 5.27% during the ongoing forecast period of 2019-2030. The global trifluoroacetic acid market was valued at USD 293.3 million in 2021 and is projected to reach USD 467.6 million by the end of 2030.
Get Sample Report PDF @ https://www.marketresearchfuture.com/sample_request/8064
Competitive Analysis
Some of the leading players operating in the global trifluoroacetic acid (TFA) market are SRF Limited (India), Midas Pharma GmbH (Germany), Solvay (Belgium), Halocarbon Products Corporation (US), Anhui Jin’ao Chemical Co., Ltd (China), Sinochem (China), and Nantong Baokai Chemical Co. Ltd (China), among others.
However, rapid industrialization and urbanization have led to limited availability of cultivable land, which has resulted in an increase in the use of agrochemicals. The World Bank reported that the arable land in China declined to 118.9 million hectares in 2016 from 119.0 million hectares in 2015.
In January 2018, Jubilant Life Sciences received an approval from the Indian government to establish a pesticide intermediate and technical grade pesticide plant in Gujrat, India, worth USD 36.09 crores. Such trends exhibit that the use of chemical pesticides and fertilizers has become essential for crop production. Thus, the rising demand for food, coupled with the limited availability of cultivable land is estimated to drive the demand for TFA.
Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/8064
Regional Analysis
The Asia-Pacific market is expected to exhibit a healthy CAGR during the forecast period owing to the growing use of TFA in pesticides. Furthermore, increasing investments in the healthcare industry have increased the demand for trifluoroacetic. The North American and European markets are estimated to witness substantial growth in terms of CAGR due to the increasing expenditure in the healthcare industry in the US, Canada, the UK, and Germany.
Market Segmentation
Based on type, the global trifluoroacetic acid (TFA) market has been segmented into 99.5% trifluoroacetic acid, 99.9% trifluoroacetic acid, and others.
The 99.9% trifluoroacetic acid type segment is estimated to register a significant CAGR owing to the high demand for pure TFA in medical applications. The 99.5% trifluoroacetic acid type finds major applications in pesticides and other chemical products.
The market is further divided based on application into medical intermediates, pesticide intermediates, and others. The medical intermediary is the fastest growing segment and is expected to surpass the pesticides segment in the coming years owing to increasing medical expenditure across the globe.
Enquire For Discount: https://www.marketresearchfuture.com/check-discount/8064
Table Of Contents
- Executive Summary
- 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
- Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
- 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
About Market Research Future -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
