ROCKVILLE, Maryland, June 6, 2019 /PRNewswire/ -- A new study by Fact.MR finds that worldwide sales of the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide were in excess of 11,500 tons in 2018, and are estimated to register a Y-o-Y growth of over 4.0% in 2019. The N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide industry remains influenced by a slew of factors such as growing demand for zeolites in which the chemical is leveraged as a structure directing agent (SDA).
According to the study, leading players in the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market are currently directing their efforts toward product positioning and rebranding strategies, meanwhile focusing on strengthening their distribution networks. N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide manufacturers are continuously striving to achieve low-cost yet efficient chemical sourcing, and product developments for specific use cases. The market players are also focusing on increasing their presence in key automotive manufacturing hubs to leverage the steady demand for the chemical as a key constituent of emission control catalysts.
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There has been a constant rise in the commercial vehicle parc, in line with the surging ecommerce operations that has put tremendous pressure on the transportation & logistics sector. The utility of zeolites as catalysts to control NOx emissions from diesel engines, coupled with the sustainability-driven efforts of automakers, have been sustaining the demand for N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide in recent years. The report opines that N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide manufacturers are now eyeing the lesser tapped opportunistic areas, including the development of advanced microchips and AI chips in the semiconductor industry.
The study also finds that use of N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide as a molecular sieve template agent has been gaining utter traction, enabling the absorption of liquids and gases based on the molecular size and polarity. Additionally, the surfactant industry also holds significant opportunities for N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide manufacturers, as the industry witnesses continuous adoption of zeolites as cleaning agents.
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Hindrances remain in growth of the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market, with a key concern among the players being price fluctuations in raw materials. Leading players are tackling the challenge by reflecting the added cost onto the finished products. However, shifting preference of the market players toward economic alternatives, such as - tetramethyl ammonium hydroxide, and 3-chloro-2-hydroxypropyl trimethyl ammonium chloride will continue to remain a key growth impediment of the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market.
Attractiveness of East Asia for N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide Manufacturers Remains Intact
East Asia continues to offer significant opportunities to N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide manufacturers, underpinned by growing stringency in environmental norms vis-à-vis upsurge in automotive production in the region. Additionally, demand for zeolites in the region has witnessed a marked uptick as an effective alternative to the traditionally-used chromate-based coatings.
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Mid-sized players continue to consolidate their position in East Asian nations, such as China, where demand remains unabated from across a range of industries, including paints & coatings, electronics, automotive, and semiconductors. Gains remain steady from the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market in China, as the country is home to several manufacturing facilities for players in these industry sectors. N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide sales in China were estimated close to 2,000 tons in 2018.
The report also finds that end-users continue to show a marked preference for N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide solutions (25%), with sales accounting for approximately 70% shares. The attractiveness of solution-based formulations is here to stay, in light of its convenience in handling and usage accuracy.
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This Fact.MR report a long-term forecast of the N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market for the period between 2019 and 2029. The N,N,N-Trimethyl-1-Adamantyl Ammonium Hydroxide market is projected to record a CAGR of over 4% through 2029.
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