Tetraacetylethylenediamine Market to Witness Significant Growth until 2025 – TechSci Research
(MENAFN- ChemAnalysts) According to TechSci Research report, “Global Tetraacetylethylenediamine Market By Product (Chlorine Bleach and Oxygen Bleach), By Application (Bleaching Agents, Household Detergents, Cleaning Agents, Others), By End-Use (Textile, Paper & Pulp, Residential, Commercial, Others), By Composition (TAED 90%-92%, TAED 94%, TAED >94%), By Region, Competition, Forecast & Opportunities, 2025”, global tetraacetylethylenediamine market is expected to grow at a substantial CAGR during the forecast period. Tetraacetylethylenediamine has less impact on the environment as it can be easily degraded by wastewater treatment because its density is less than that of water. Moreover, factors such as less toxicity as well as minimal cost of TAED in the manufacturing of disinfectants is driving the growth of the global tetraacetylethylenediamine (TAED) market. Additionally, growing investments by the major market players is further expected to bode well for the growth of global tetraacetylethylenediamine market through the forecast years. Surging utilization of TAED in the manufacturing of paper pulp, food contact paper and paperboard products is expected to create new growth opportunities for global tetraacetylethylenediamine market players in the years to come. Furthermore, TAED acts as a base during the manufacturing of a broad-spectrum biocide, which is used for sterilising medical instruments, thereby anticipated to give healthy push to the growth of global tetraacetylethylenediamine market through 2025. However, reduction in the use of TAED in agricultural fields is one of the major factors that might restrain the growth of global tetraacetylethylenediamine market through 2025.
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Global tetraacetylethylenediamine market can be segmented based on product, application, end-use, composition, company and region. Considering the end-use, the market is fragmented into textile, paper & pulp, residential, commercial and others. The paper & pulp end user segment is anticipated to register high growth during the forecast period which can be accredited to the use of TAED to provide white color to paper in the pulp and paper industry. The textile segment is also anticipated to grow at a fast pace during the forecast years as tetraacetylethylenediamine acts as a bleaching agent and used in dishwashing.
AK Chemtech Co. Ltd, Chemsfield Korea Co Ltd, Hongye Chemical Co., Ltd, Triveni Chemicals, Warwick Chemicals, Zhejiang Jinke Peroxide Co., Ltd, Weylchem Group of Companies, Henkel AG & Co. KGaA, Acuro Organics Limited, Shanghai Deborn Co., Ltd among others are the leading players operating in global tetraacetylethylenediamine market. The players are adopting several growth strategies to enhance the market scenario of tetraacetylethylenediamine. Other competitive strategies include mergers & acquisitions to diverse their product portfolio in order to strengthen their market position.
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“Europe dominated the market until 2019 with about 50% of the market share in the global market for TAED on account of factors such as availability of raw materials and increased awareness among the consumers pertaining to the application and benefits of tetraacetylethylenediamine. Moreover, use of advanced technology in order to produce the product is further anticipated to aid the market growth over the coming years. Also, Asia-Pacific is expected to witness the fastest growth until 2025, which is accredited to the high growth in the textiles market in this region. Along with this, high disposable income of consumers coupled with increasing urbanization are some other factors boosting the market growth in the region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Tetraacetylethylenediamine Market By Product (Chlorine Bleach and Oxygen Bleach), By Application (Bleaching Agents, Household Detergents, Cleaning Agents, Others), By End-Use (Textile, Paper & Pulp, Residential, Commercial, Others), By Composition (TAED 90%-92%, TAED 94%, TAED >94%), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global tetraacetylethylenediamine market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global tetraacetylethylenediamine market.
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