Trifluoroacetic acid (TFA) is a chemical compound with the chemical formula CF3CO2H. It is a colorless liquid that reacts with water to produce hydrogen fluoride and trifluoroacetic acid. TFA is used in the production of pharmaceuticals, pesticides, and other organic compounds. The global TFA market was valued at USD 1.5 billion in 2018 and is projected to reach USD 2.4 billion by 2030, growing at a CAGR of 4% from 2019 to 2030.
The global TFA market can be segmented on the basis of type into 99.5% Trifluoroacetic Acid (TFA) and 99.9% Trifluoroacetic Acid (TFA). The 99.5% Trifluoroacetic Acid (TFA) segment accounted for over 50% share of the global market in 2018 owing to its wide applications across various industries such as medical intermediates, pesticide intermediates, etc, which are expected to drive its demand during the forecast period from 2021-2030 as well; however, it will be overtaken by the 99.9% Trifluoroacetic Acid (TFA) segment by 2030 due to its higher purity level which makes it suitable for use in pharmaceuticals manufacturing process among others; this will also lead to an increase in demand for this product type during the forecast period from 2021-2030 as well due to increasing number of drug approvals globally coupled with rising healthcare expenditure worldwide leading up till 2025-2030 timeframe when compared with previous years.
Some Of The Growth Factors Of This Market:
- Trifluoroacetic acid is a strong acid that is used in the production of pharmaceuticals, dyes, and perfumes.
- The growth of this market can be attributed to the increasing demand for pharmaceuticals, dyes, and perfumes across the globe which are manufactured using trifluoroacetic acid as an intermediate chemical compound.
- Increasing demand for pharmaceuticals from emerging economies such as China and India will also drive the growth of this market during the forecast period (2017-2023).
- Increasing awareness about environmental issues such as climate change will also drive this market during the forecast period (2017-2023).
Industry Growth Insights published a new data on “Trifluoroacetic Acid (TFA) Market”. The research report is titled “Trifluoroacetic Acid (TFA) Market research by Types (99.5% Trifluoroacetic Acid (TFA), 99.9% Trifluoroacetic Acid (TFA), Other), By Applications (Medical Intermediates, Pesticide Intermediates, Others), By Players/Companies Solvay, Halocarbon, SRF, Sinochem, Bluestar, Shandong Xingfu, Zhenfu New Materials, Nantong Baokai, Anhui Jinao”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Trifluoroacetic Acid (TFA) Market Research Report
By Type
99.5% Trifluoroacetic Acid (TFA), 99.9% Trifluoroacetic Acid (TFA), Other
By Application
Medical Intermediates, Pesticide Intermediates, Others
By Companies
Solvay, Halocarbon, SRF, Sinochem, Bluestar, Shandong Xingfu, Zhenfu New Materials, Nantong Baokai, Anhui Jinao
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Trifluoroacetic Acid (TFA) Market Report Segments:
The global Trifluoroacetic Acid (TFA) market is segmented on the basis of:
Types
99.5% Trifluoroacetic Acid (TFA), 99.9% Trifluoroacetic Acid (TFA), Other
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
Medical Intermediates, Pesticide Intermediates, Others
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
- Halocarbon
- SRF
- Sinochem
- Bluestar
- Shandong Xingfu
- Zhenfu New Materials
- Nantong Baokai
- Anhui Jinao
 Market Overview.svg)
Highlights of The Trifluoroacetic Acid (TFA) 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:
- 99.5% Trifluoroacetic Acid (TFA)
- 99.9% Trifluoroacetic Acid (TFA)
- Other
- By Application:
- Medical Intermediates
- Pesticide Intermediates
- Others
- 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 Trifluoroacetic Acid (TFA) 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
 Market Statistics.svg)
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?
Trifluoroacetic acid is a strong acid that is used in chemical synthesis.
Some of the key players operating in the trifluoroacetic acid (tfa) market are Solvay, Halocarbon, SRF, Sinochem, Bluestar, Shandong Xingfu, Zhenfu New Materials, Nantong Baokai, Anhui Jinao.
The trifluoroacetic acid (tfa) market is expected to register a CAGR of 4%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Trifluoroacetic Acid (TFA) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Trifluoroacetic Acid (TFA) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Trifluoroacetic Acid (TFA) Market - Supply Chain
4.5. Global Trifluoroacetic Acid (TFA) Market Forecast
4.5.1. Trifluoroacetic Acid (TFA) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Trifluoroacetic Acid (TFA) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Trifluoroacetic Acid (TFA) Market Absolute $ Opportunity
5. Global Trifluoroacetic Acid (TFA) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Type
5.3.1. 99.5% Trifluoroacetic Acid (TFA)
5.3.2. 99.9% Trifluoroacetic Acid (TFA)
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Trifluoroacetic Acid (TFA) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Application
6.3.1. Medical Intermediates
6.3.2. Pesticide Intermediates
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Trifluoroacetic Acid (TFA) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Trifluoroacetic Acid (TFA) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Trifluoroacetic Acid (TFA) Demand Share Forecast, 2019-2026
9. North America Trifluoroacetic Acid (TFA) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Application
9.4.1. Medical Intermediates
9.4.2. Pesticide Intermediates
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Type
9.7.1. 99.5% Trifluoroacetic Acid (TFA)
9.7.2. 99.9% Trifluoroacetic Acid (TFA)
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Trifluoroacetic Acid (TFA) Demand Share Forecast, 2019-2026
10. Latin America Trifluoroacetic Acid (TFA) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Application
10.4.1. Medical Intermediates
10.4.2. Pesticide Intermediates
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Type
10.7.1. 99.5% Trifluoroacetic Acid (TFA)
10.7.2. 99.9% Trifluoroacetic Acid (TFA)
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Trifluoroacetic Acid (TFA) Demand Share Forecast, 2019-2026
11. Europe Trifluoroacetic Acid (TFA) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Application
11.4.1. Medical Intermediates
11.4.2. Pesticide Intermediates
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Type
11.7.1. 99.5% Trifluoroacetic Acid (TFA)
11.7.2. 99.9% Trifluoroacetic Acid (TF)
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Trifluoroacetic Acid (TFA) Demand Share, 2019-2026
12. Asia Pacific Trifluoroacetic Acid (TFA) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Application
12.4.1. Medical Intermediates
12.4.2. Pesticide Intermediates
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Type
12.7.1. 99.5% Trifluoroacetic Acid (TFA)
12.7.2. 99.9% Trifluoroacetic Acid (TFA)
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Trifluoroacetic Acid (TFA) Demand Share, 2019-2026
13. Middle East & Africa Trifluoroacetic Acid (TFA) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Trifluoroacetic Acid (TFA) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Application
13.4.1. Medical Intermediates
13.4.2. Pesticide Intermediates
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Trifluoroacetic Acid (TFA) Market Size and Volume Forecast by Type
13.7.1. 99.5% Trifluoroacetic Acid (TFA)
13.7.2. 99.9% Trifluoroacetic Acid (TFA)
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Trifluoroacetic Acid (TFA) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Trifluoroacetic Acid (TFA) Market: Market Share Analysis
14.2. Trifluoroacetic Acid (TFA) Distributors and Customers
14.3. Trifluoroacetic Acid (TFA) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Solvay
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Halocarbon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SRF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sinochem
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bluestar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shandong Xingfu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zhenfu New Materials
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nantong Baokai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Anhui Jinao
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
