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Sodium Dichloroisocyanurate Market

Market Insights on Sodium Dichloroisocyanurate covering sales outlook, demand forecast & up-to-date key trends

Sodium Dichloroisocyanurate Market by Product Type, Form, Application, End Use Industry & Region - Forecast 2022 - 2032

Sodium Dichloroisocyanurate Market Outlook

The sodium dichloroisocyanurate market is anticipated to record a CAGR of 7.7% during the forecast period. It is expected that the sodium dichloroisocyanurate market share is likely to go up from US$ 632 Mn in 2021 to reach a valuation of US$ 1.4 Bn by 2032.

Report Attributes

Details

Sodium Dichloroisocyanurate Market Estimated Base Year Value (2021)

US$ 632 Mn

Sodium Dichloroisocyanurate Market Value in 2022

US$ 682.5 Mn

Sodium Dichloroisocyanurate Market CAGR 2022-2032

7.7%

Anticipated Sodium Dichloroisocyanurate Market Value (2032)

US$ 1.4 Bn

Several household water treatment technologies have been developed worldwide, among which one is the use of sodium dichloroisocyanurate. The sales of sodium dichloroisocyanurate or chemical compounds are marketed in the form of powder across the globe.

It appears in the form of a colourless, water-soluble solid and is used as a source of free accessible chlorine atoms in the form of hypochlorous acid. It is also widely used as a cleansing agent and disinfectant in numerous end-use industries, such as water and wastewater treatment and food, among others. The demand for sodium dichloroisocyanurate is rising along with the growth of such end-use industries in developing countries.

Rising awareness about the benefits of using such affordable chemical compounds for cleaning purposes has boosted the demand for sodium dichloroisocyanurate in various local markets. Increased government participation in supplying effective water purification solutions is also anticipated to further augment the sodium dichloroisocyanurate market in developing economies.

With the emergence of new applications, the sales of sodium dichloroisocyanurate have increased in various end-use verticals. Production of industry-specific products by the manufacturers of the global sodium dichloroisocyanurate market is expected to result in more effective growth.

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What are the Growth Opportunities for the Sodium Dichloroisocyanurate Market in the Coming Years?

Sodium Dichloroisocyanurate is widely used as an agent for environmental sterilization and disinfection in water treatment applications such as drinking water disinfection, swimming pool, and household point-of-use water, among others. Rising demand for chlorinating agents in the water treatment industry is projected to significantly drive the sales of sodium dichloroisocyanurate in the global market in the upcoming years. According to the study in “The American Journal of Tropical Medicine and Hygieneon,” it decreases individual diarrhea rates and improves microbiological drinking water quality, which is the major factor driving the sales of Sodium Dichloroisocyanurate.

The chemical substance sodium dichloroisocyanurate is also used in biocide for veterinary hygiene, food and animal feed, and controlling slimes, among others. The growing demand for sodium dichloroisocyanurate in biocides is also expected to push the market growth in the upcoming years. Among all such applications, the sales of sodium dichloroisocyanurate for various applications in leather treatment products, textile treatment, adhesives and sealants, and coatings are also expected to contribute to the market growth during the forecast period.

Stringent regulation and standards regarding toxicity, such as the presence of any residue in it, would be rapidly converted to cyanuric acid on interaction with saliva and can hamper the sales of sodium dichloroisocyanurate. Moreover, the presence of alternatives in the form of sodium hypochlorite is expected to limit the growth of the sodium dichloroisocyanurate market share in the upcoming years.

Globally, the high traction of the water and wastewater treatment industry is expected to create significant growth in demand for sodium dichloroisocyanurate manufacturers in the upcoming years.

Which are the Leading Regions for the Global Sodium Dichloroisocyanurate Market?

Geographically, the Asia Pacific is estimated to account for a dominant position in the market demand for sodium dichloroisocyanurate and is projected to grow with a prominent growth rate during the forecast period.

In the Asia Pacific region, growing awareness about the importance of water and wastewater treatment infrastructure for preventing harmful diseases and the positive outlook of the chemical industry is expected to contribute to higher demand for sodium dichloroisocyanurate in the coming decades.

North America and Europe are projected to witness relatively low growth as compared to the Asia Pacific in the sales of sodium dichloroisocyanurate during the forecast period. The growth of sodium dichloroisocyanurate market share is predicted owing to well-established end-use industries such as water and wastewater treatment, cosmetics and personal care across those regions.

Moreover, the Middle East & Africa and Latin America region are expected to register considerable growth after the Asia Pacific region in the sales of sodium dichloroisocyanurate between the forecast period, owing to rising demand for safe and treated water to preserve human habitats from harmful diseases such as diarrhea.

Nikhil Kaitwade
Principal Consultant
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Which are the Major Companies contributing in the growth of Sodium Dichloroisocyanurate Market?

Some of the key players in the global sodium dichloroisocyanurate market include Zeel Products, Innova Corporate, Henan GP Chemicals Co., Ltd., Haihang Industry Co., Ltd., Taian Huatian Chemical Co., Ltd., Heze Huayi Chemical Co., Ltd., Filtron Envirotech, Capot Chemical Co., Ltd., Jingwei Disinfection Products, Occidental Petroleum Corporation, Ouya Chemical, and Acuro Organics Limited.

Growth in the establishment of chemical industries has made the global sodium dichloroisocyanurate market highly competitive in recent times. Also, the higher investment in developing new products has provided a competitive edge to some private players by providing higher demand for sodium dichloroisocyanurate in many regions.

As per the market survey report of FMI, the major strategy adopted by some of the key players in the global sodium dichloroisocyanurate market is collaborations with regional manufacturers at various locations. Collaborations and acquisitions of small manufacturers have expanded the sales of sodium dichloroisocyanurate in new markets around the world.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 7.7% from 2022 to 2032

Base Year of Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Form
  • Product Type
  • Application
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S.
  • Canada
  • Brazil
  • Argentina
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Zeel Products
  • Innova Corporate
  • Henan GP Chemicals Co., Ltd.
  • Haihang Industry Co., Ltd.
  • Taian Huatian Chemical Co.,Ltd.
  • Heze Huayi Chemical Co., Ltd.
  • Filtron Envirotech
  • Capot Chemical Co.,Ltd.
  • Jingwei Disinfection Products
  • Occidental Petroleum Corporation
  • Ouya Chemical
  • Acuro Organics Limited

Customization scope

Available Upon Request

Pricing and Purchase Option

Avail Customized purchase options to meet your exact research needs.

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Frequently Asked Questions

The demand for sodium dichloroisocyanurate in the global market is likely to grow at a rate of 7.7% during the forecast period.

Major global players having substantial sodium dichloroisocyanurate market share include Zeel Products, Innova Corporate, Henan GP Chemicals Co., Ltd., Haihang Industry Co., Ltd., Taian Huatian Chemical Co.,Ltd., Heze Huayi Chemical Co., Ltd., Filtron Envirotech, Capot Chemical Co.,Ltd., Jingwei Disinfection Products, Occidental Petroleum Corporation, Ouya Chemical, and Acuro Organics Limited.

As per the analysis, the sodium dichloroisocyanurate market share is likely to reach a net worth of US$ 1.4 Bn by 2032.

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Nikhil Kaitwade
Principal Consultant
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Sodium Dichloroisocyanurate Market