Market Overview:
The global trifluoroacetone market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for trifluoroacetone in various applications such as agricultural intermediate, pharmaceutical intermediates, and other applications. Trifluoroacetone is used as an intermediate in the production of various drugs and agrochemicals. North America is expected to lead the global trifluoroacetone market during the forecast period owing to high demand from pharmaceutical and agricultural industries in this region. Asia Pacific is projected to be fastest-growing region for trifluoroacetone during the forecast period due to increasing demand from countries such as China and India.
Product Definition:
a colorless, volatile, flammable liquid with a pungent odor; used as an intermediate in the preparation of pharmaceuticals.
98% Purity:
98% Purity is a colorless and highly flammable liquid. It has a strong odor similar to that of paint thinner. 98% Purity is used as an intermediate in the production of several chemicals such as trifluoroacetic acid, sulfuric acid, and hydrogen fluoride.
99% Purity:
99% purity is a very high quality, which means that there is no other material but the stated material in the whole container. 99% pure materials are extremely rare and valuable.
Application Insights:
The agricultural intermediate segment dominated the global market and accounted for a revenue share of over 40.0% in 2017. The product is widely used as an agricultural intermediate owing to its properties, such as superior biodegradability and biocompatibility. It is also considered to be one of the most environmentally friendly pesticides due to its low toxicity towards non-target organisms compared to other chemicals currently being utilized globally. Furthermore, it has excellent antifouling properties which are likely to augment demand during the forecast period in developing countries like India and China that are witnessing rapid growth in marine based aquaculture activities on account of rising consumer incomes coupled with increasing government expenditure on improving freshwater resources for agriculture purposes across various regions worldwide.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to maintain its dominance over the forecast period. The region accounts for a major share of global population and GDP, which makes it a key region for industry expansion. China accounted for approximately 20% of global production in 2017 owing to large-scale industrialization coupled with government support towards innovation through subsidies & R&D investments.
The demand from end-use industries such as pharmaceuticals, agrochemicals, food processing & additives is anticipated to drive growth over the coming years due to increasing per capita income along with rising awareness regarding advanced products among farmers across emerging economies including India and China.
North America emerged as one of the prominent regions accounting for more than 15% volume share in 2017 on account of high demand from U.S.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and electronics
- Growing awareness about the benefits of trifluoroacetone among consumers
- Rising investments by key players in R&D to develop new applications for trifluoroacetone
- Expansion of manufacturing capacities by key players to cater to the growing demand for trifluoroacetone globally
- Growing popularity of trifluoroacetone as a green solvent owing to its environmental friendly properties
Scope Of The Report
Report Attributes
Report Details
Report Title
Trifluoroacetone Market Research Report
By Type
98% Purity, 99% Purity
By Application
Agricultural Intermediate, Pharmaceutical Intermediates, Other
By Companies
Solvay, Hangzhou LZ Chemical, Nantong Baokai Pharmaceutical, Shanghai Record Pharmaceuticals, Shanghai Qinba Chemical, Solvay
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Trifluoroacetone Market Report Segments:
The global Trifluoroacetone market is segmented on the basis of:
Types
98% Purity, 99% Purity
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agricultural Intermediate, Pharmaceutical Intermediates, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Solvay
- Hangzhou LZ Chemical
- Nantong Baokai Pharmaceutical
- Shanghai Record Pharmaceuticals
- Shanghai Qinba Chemical
- Solvay
Highlights of The Trifluoroacetone Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 98% Purity
- 99% Purity
- By Application:
- Agricultural Intermediate
- Pharmaceutical Intermediates
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trifluoroacetone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trifluoroacetone is a chemical compound with the formula CF3CH2COOH. It is a colorless, flammable liquid that smells like acetone. Trifluoroacetone is used in industrial and laboratory settings to produce various chemicals and plastics.
Some of the key players operating in the trifluoroacetone market are Solvay, Hangzhou LZ Chemical, Nantong Baokai Pharmaceutical, Shanghai Record Pharmaceuticals, Shanghai Qinba Chemical, Solvay.
The trifluoroacetone market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trifluoroacetone 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 Trifluoroacetone Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trifluoroacetone 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 Trifluoroacetone 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 Trifluoroacetone Market Size & Forecast, 2018-2028
4.5.1 Trifluoroacetone Market Size and Y-o-Y Growth
4.5.2 Trifluoroacetone Market Absolute $ Opportunity
Chapter 5 Global Trifluoroacetone 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 Trifluoroacetone Market Size Forecast by Type
5.2.1 98% Purity
5.2.2 99% Purity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Trifluoroacetone Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Trifluoroacetone Market Size Forecast by Applications
6.2.1 Agricultural Intermediate
6.2.2 Pharmaceutical Intermediates
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trifluoroacetone 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 Trifluoroacetone 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 Trifluoroacetone Analysis and Forecast
9.1 Introduction
9.2 North America Trifluoroacetone 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 Trifluoroacetone Market Size Forecast by Type
9.6.1 98% Purity
9.6.2 99% Purity
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 Trifluoroacetone Market Size Forecast by Applications
9.10.1 Agricultural Intermediate
9.10.2 Pharmaceutical Intermediates
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Trifluoroacetone Analysis and Forecast
10.1 Introduction
10.2 Europe Trifluoroacetone 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 Trifluoroacetone Market Size Forecast by Type
10.6.1 98% Purity
10.6.2 99% Purity
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 Trifluoroacetone Market Size Forecast by Applications
10.10.1 Agricultural Intermediate
10.10.2 Pharmaceutical Intermediates
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Trifluoroacetone Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Trifluoroacetone 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 Trifluoroacetone Market Size Forecast by Type
11.6.1 98% Purity
11.6.2 99% Purity
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 Trifluoroacetone Market Size Forecast by Applications
11.10.1 Agricultural Intermediate
11.10.2 Pharmaceutical Intermediates
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Trifluoroacetone Analysis and Forecast
12.1 Introduction
12.2 Latin America Trifluoroacetone 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 Trifluoroacetone Market Size Forecast by Type
12.6.1 98% Purity
12.6.2 99% Purity
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 Trifluoroacetone Market Size Forecast by Applications
12.10.1 Agricultural Intermediate
12.10.2 Pharmaceutical Intermediates
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Trifluoroacetone Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Trifluoroacetone 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) Trifluoroacetone Market Size Forecast by Type
13.6.1 98% Purity
13.6.2 99% Purity
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) Trifluoroacetone Market Size Forecast by Applications
13.10.1 Agricultural Intermediate
13.10.2 Pharmaceutical Intermediates
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trifluoroacetone Market: Competitive Dashboard
14.2 Global Trifluoroacetone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solvay
14.3.2 Hangzhou LZ Chemical
14.3.3 Nantong Baokai Pharmaceutical
14.3.4 Shanghai Record Pharmaceuticals
14.3.5 Shanghai Qinba Chemical
14.3.6 Solvay
