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.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.