Global Trifluoroacetic acid consumption will increase to 34221 MT in 2023

Global Trifluoroacetic acid consumption will increase to 34221 MT in 2023 www.qyresearch.com

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QYResearch • Trifluoroacetic acid is a wildly used intermediate for pharmaceutical and pesticide. One of the raw materials is hydrofluoric acid. So, the price of hydrofluoric acid has a major impact on that of trifluoroacetic acid. Also equipment used in factory must be took anti-fluoro measures. • Trifluoroacetic acid is mainly consumed in China, North America, Europe and India. Companies in China started lately in producing TFA. Globally, there are nine major suppliers, including Solvay, Halocarbon, SRF, Sinochem, Bluestar, Shandong Xingfu, Zhenfu New Materials, Nantong Baokai and Wanxingda etc.

In 2016, total sales share of those total nine companies are 90.95%, which reflect that market concentration in this industry is high. www.qyresearch.com

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• Global consumption of TFA was about 20959 MT in 2012. It will be 26290 MT in 2017. The average growth rate is about 4.64% per year.

China consumption also rises from 6808 MT in 2012 to 9680 MT in 2017. • TFA is mainly consumed in medical intermediates and pesticide intermediates. In medical industry, TFA is major raw material of lisinopril and efavirenz. Pesticide intermediates is the major application field of TFA, with consumption amount of 14616 MT in 2016. In this field, TFA is used to produce chlorfenapyr and flufenacet.

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QYResearch • In the coming few years, consumption of TFA will continues to grow. QYR speculate that global Trifluoroacetic acid consumption will increase to 34221 MT in 2023.

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