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Triflic Acid Market By Type (99.5% Type, 99.9% Type, Others), By Application (Chemical Industry, Pharmaceutical Industry, Electronics Industry, Other): Growth, Future Prospects & Competitive Analysis, 2015 – 2027

Published: | Report ID: 11768 | Report Format : PDF

Market Insights

Colorless, extremely viscous, and hygroscopic triflic acid is a hygroscopic solvent. It’s known as the acid’s strong cone. Triflic acid is well-known for its use as an etherification catalyst in science. Since triflic acid is one of the strongest acids, it causes extreme burns and tissue damage when it comes into contact with the skin. Furthermore, it causes deadly spasms and edema when inhaled. Triflic Acid is growing in consumption at a moderate yet steady pace and is likely to bystander CAGR of over 3.75% during analysis time. The total revenue generated by the global Triflic Acid industry was valued at around USD 120 million in 2020 and most probably will touch the USD 360 million markets by the end of 2027.

Ever Increasing Consumption of Organic Chemical

Organic synthesis is growing at a rapid pace around the world. Many organic synthesis Applications are carried out using Triflic Acid. Various chemical and physical properties of Triflic Acid made it a perfect aid in carrying out organic synthesis reactions. Triflic Acid has a very low boiling point, firm acidity, and high dielectric constant, making it a perfect catalyst in pharmaceutical intermediates and agrochemicals preparations. Moreover, Triflic Acid acts as an excellent leaving group compared to tosylate, hence growing in its adoption across various organic synthesis Applications. Triflic acid applications range from esterification to reductions, oxidations, condensations, hydroacylations, etherification, alkylation, acylation, cationic rearrangement, functional group deprotection, etc. Chemical manufacturing is the leading application industry for Triflic Acid, with over 40% share in total volume consumption and revenue generated in 2020.

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Adverse Effects on Human Health   

Triflic Acid is one of the strongest acids in use on an industrial scale. However, it can cause severe burns when it gets into contact with the skin. Moreover, it results in edema and inflammation if inhaled. Hence, it should be used with great caution, and human involvement in handling Triflic Acid should be minimum.

Impact of COVID 19

Chemical manufacturing has been affected to a great extent over the last few months owing to the disruption that occurred in the supply chain. This has resulted in a considerable downturn in the production and consumption of organic chemicals worldwide. The impact was so severe on the organic chemicals industry that it is expected to take several months to reach pre-COVID 19 levels. Meanwhile, the cumulative losses fetched by the industry can be recovered and may prove to be fatal for the future growth of this industry. However, with the increasing speed of vaccination and restoration of supply chains, the industry is expected to be back on track slowly.

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Asia-Pacific to Dominate the global Triflic Acid market

Electronic and Pharma Industry to Push the Demand for 99.9% Purity Triflic Acid

The strong presence of the electronic industry and pharmaceutical manufacturing activities in the Asia Pacific is also mobilizing the demand for Triflic Acid in the region. Electronic manufacturing is highly concentrated in China, Japan, and Southeast Asia. This, in turn, generates demand for electronic chemicals. Triflic Acid is one of the leading chemicals used in various applications in the electronic industry, likely to push the demand for Triflic Acid at a rapid pace. 99.5%, 99.9%, and Others are some of the major types of Type extracted through Triflic Acid Application. 99.5% segment accounted for the largest share 2020 of the Triflic Acid market 2020. This is largely due to the high demand for 99.9% in various pharmaceutical and chemical industries.

Rhodia, Groupchem, QING YUN, Central Glass, Shandong Feiyuan, etc., are some of the leading manufacturers of Triflic Acid. The Asia Pacific hosts the largest installed capacity base for Triflic Acid. Moreover, China, South Korea, and Japan are leading exporters to Europe and North America.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Triflic Acid Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Triflic Acid Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type
3.3.2.Type of Process
3.3.3.Application
3.3.4.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Triflic Acid Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Triflic Acid Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.99.5%
6.2.3.99.9%
6.2.4.Others
6.3.North America Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Chemical Industry
6.3.3.Pharmaceutical Industry
6.3.4.Electronics Industry
6.3.5.Others

7.Europe

7.1.Europe Triflic Acid Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Triflic Acid Market, by Product, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.99.5%
7.2.3.99.9%
7.2.4.Others
7.3.Europe Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Chemical Industry
7.3.3.Pharmaceutical Industry
7.3.4.Electronics Industry
7.3.5.Others

8.Asia Pacific

8.1.Asia Pacific Triflic Acid Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.99.5%
8.2.3.99.9%
8.2.4.Others
8.3.Asia Pacific Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Chemical Industry
8.3.3.Pharmaceutical Industry
8.3.4.Electronics Industry
8.3.5.Others

9.Latin America

9.1.Latin America Triflic Acid Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Triflic Acid Market, by Product, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.99.5%
9.2.3.99.9%
9.2.4.Others
9.3.Latin America Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Chemical Industry
9.3.3.Pharmaceutical Industry
9.3.4.Electronics Industry
9.3.5.Others

10.Middle East

10.1.Middle East Triflic Acid Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.99.5%
10.2.3.99.9%
10.2.4.Others
10.3.Middle East Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Chemical Industry
10.3.3.Pharmaceutical Industry
10.3.4.Electronics Industry
10.3.5.Others

11.Africa

11.1.Africa Triflic Acid Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.99.5%
11.2.3.99.9%
11.2.4.Others
11.3.Africa Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Chemical Industry
11.3.3.Pharmaceutical Industry
11.3.4.Electronics Industry
11.3.5.Others

12.Global

12.1.Global Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.99.5%
12.1.3.99.9%
12.1.4.Others
12.2.Global Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Chemical Industry
12.2.3.Pharmaceutical Industry
12.2.4.Electronics Industry
12.2.5.Others

13.Company Profiles

13.1.Groupchem
13.2.Nanjing Wisdom
13.3.QINGYUN
13.4.Rhodia
13.5.Central Glass
13.6.Shandong Feiyuan
13.7.Tianjin Elite
13.8.Highchem
13.9.Worldyang
13.10.Zhongxin
13.11.HuBEI hengxin

List of Figures

FIG. 1 Global Triflic Acid Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Triflic Acid Market Segmentation
FIG. 4 Global Triflic Acid Market, by Product, 2019 (US$ Bn)
FIG. 5 Global Triflic Acid Market, by End-user, 2019 (US$ Bn)
FIG. 6 Global Triflic Acid Market, by Geography, 2019 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2019
FIG. 8 Global Market Positioning of Key Triflic Acid Market Manufacturers, 2019
FIG. 9 Global Triflic Acid Market Value Contribution, By Type, 2019 & 2027 (Value %)
FIG. 10 Global Triflic Acid Market, by Metal 1, Value, 2015-2027 (US$ Bn)
FIG. 11 Global Triflic Acid Market, by Metal 2, Value, 2015-2027 (US$ Bn)
FIG. 12 Global Triflic Acid Market, by Metal 3, Value, 2015-2027 (US$ Bn)
FIG. 13 Global Triflic Acid Market, by Metal 4, Value, 2015-2027 (US$ Bn)
FIG. 14 Global Triflic Acid Market, by Metal 5, Value, 2015-2027 (US$ Bn)
FIG. 15 Global Triflic Acid Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16 Global Triflic Acid Market Value Contribution, By Type of Process, 2019 & 2027 (Value %)
FIG. 17 Global Triflic Acid Market, by Process 1, Value, 2015-2027 (US$ Bn)
FIG. 18 Global Triflic Acid Market, by Process 2, Value, 2015-2027 (US$ Bn)
FIG. 19 Global Triflic Acid Market, by Process 3, Value, 2015-2027 (US$ Bn)
FIG. 20 U.S. Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 21 Rest of North America Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 22 U.K. Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 23 Germany Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 24 France Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 25 Rest of Europe Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 26 Japan Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 27 China Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 28 India Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 29 Rest of Asia Pacific Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 30 Middle East & Africa Triflic Acid Market, 2015-2027 (US$ Bn)
FIG. 31 Latin America Triflic Acid Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Triflic Acid Market
TABLE 2 Global Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
TABLE 3 Global Triflic Acid Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 4 Global Triflic Acid Market, by Application, 2015-2027 (US$ Bn)
TABLE 5 Global Triflic Acid Market, by Geography, 2015-2027 (US$ Bn)
TABLE 6 North America Triflic Acid Market, by Type, 2015-2027 (US$ n)
TABLE 7 North America Triflic Acid Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 8 North America Triflic Acid Market, by Country, 2015-2027 (US$ Bn)
TABLE 9 Europe Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
TABLE 10 Europe Triflic Acid Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 11 Europe Triflic Acid Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 12 Asia Pacific Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
TABLE 13 Asia Pacific Triflic Acid Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 14 Asia Pacific Triflic Acid Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 15 Latin America Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
TABLE 16 Latin America Triflic Acid Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 17 Latin America Triflic Acid Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 18 Middle East Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
TABLE 19 Middle East Triflic Acid Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 20 Middle East Triflic Acid Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 21 Africa Triflic Acid Market, by Type, 2015-2027 (US$ Bn)
TABLE 22 Africa Triflic Acid Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 23 Africa Triflic Acid Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 24 Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30 Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36 Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently asked questions

How COVID 19 has impacted on global Triflic Acid industry growth?

The market is impacted considerable to Triflic Acid industry owing to sharp decline in its production as well as demand to stringent measures adopted by various national government to arrest the spread of COVID 19

Which are the types of Triflic Acid?

99.5%, 99.9% and other are the types of Triflic Acid and market is being dominated by the 99.9% purity level

Which are the applications of Triflic Acid?

Chemical Industry, Pharmaceutical Industry, Electronics Industry and Other are the applications of Triflic Acid

Who are the key players in the global Triflic Acid industry?

Groupchem, QINGYUN, Nanjing Wisdom, Rhodia, Shandong Feiyuan, Central Glass, Tianjin Elite, Highchem, Worldyang, Zhongxin and HuBEI hengxin

Which is the leading regional market for global Triflic Acid industry?

Asia-Pacific has the largest share owing thriving pharmaceutical industry owing to presence of large Application industry and strong production activities in the field of chemical electronics as well as pharma industry

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