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Trichloroisocyanuric Acid Market

Trichloroisocyanuric Acid Market by Form (Powder, Granular, Tablet), Application (Bleaching Agent, Disinfectant, Algaecide and Bactericide, Sericulture & Aquaculture, Others), End-Use Industry (Water and Wastewater Treatment, Food, Sports and Recreation, Textile, Dye Industry, Agriculture, Others) & Region forecast till 2032

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

Trichloroisocyanuric Acid Market

The trichloroisocyanuric acid market is likely to register a CAGR of 4% during the forecast period, up from US$ 288 Mn in 2021 to reach a valuation of US$ 420 Mn by 2032.

Attributes

Details

Trichloroisocyanuric Acid Market Expected Value (2032)

US$ 420 Mn

Trichloroisocyanuric Acid Market Projected Growth Rate

4%

Sales of trichloroisocyanuric acid are expected to rise due to an increase in the trichloroisocyanuric acid application in water treatment, agriculture and aquaculture. In addition to this, demand for trichloroisocyanuric acid is rising on account of the growing usage of industry disinfectants and bleaching agents.

The increasing share of the textile industry is also projected to contribute to the growth of the trichloroisocyanuric acid market share.

Some of the key trichloroisocyanuric acid market trends promoting the demand for trichloroisocyanuric acid include improved bactericidal performance, the use of high-efficiency products, and low-toxicity fungicides, and shrink agents.

The increasing number of restrictions, as well as the easy availability of product substitutes, would likely function as market barriers to the expansion of trichloroisocyanuric acid over the forecasted timeframe. The biggest and most pressing challenge for the market's growth will be lower product consumption combined with limited native policy.

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What are the Key Contributors to the Trichloroisocyanuric Acid Market Share

Water and wastewater treatment is a major driving factor for the rise in demand for trichloroisocyanuric acid across the globe. Globally, trichloroisocyanuric acid is predominantly used as a disinfectant in civil sanitation for spas and pools, wastewater treatment, and algaecide for recycled water. Trichloroisocyanuric acid is easy to handle than chlorine gas, and such a factor makes it more compatible with swimming pools, thereby improving the sales of trichloroisocyanuric acid.

Trichloroisocyanuric acid is dissolved slowly, but it reacts with the cyanuric acid concentration present in the swimming pool will be dissolved easily. The numerous advantages of trichloroisocyanuric acid in water treatment are expected to lay a strong platform for robust growth in the demand for trichloroisocyanuric acid in upcoming years.

Trichloroisocyanuric acid is a type of organic chemical compound with the chemical formula C3Cl3N3O3. The physical appearance of trichloroisocyanuric acid is white crystalline solid, and it has a strong, pungent odour. Moreover, trichloroisocyanuric acid can cause a fire when it comes into contact with a flammable substance. 

Trichloroisocyanuric acid can be synthesized from cyanuric acid via reaction with sodium hydroxide and chlorine gas. Trichloroisocyanuric acid may be incompatible with water, acids, reducing agents and strong oxidizing agents as well as it might be decomposed in contact with moisture.

Furthermore, trichloroisocyanuric acid is widely used as a bleaching agent, industrial disinfectant, and reagent in the organic synthesis in the multitudinous industries such as water and wastewater treatment, textile, and agriculture, among others, which is driving the sales of trichloroisocyanuric acid forward.

Growing demand for trichloroisocyanuric acid across various industries such as agriculture and horticulture, textile, and dye, among others, are expected to boost the market growth during the forecast period. 

The presence of an alternative chemical compound to trichloroisocyanuric acid and the impact of stringent regulations in the water treatment is anticipated to hamper the sales of trichloroisocyanuric acid during the forecast period.

Nikhil Kaitwade
Principal Consultant
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Which is the Leading Region in the Trichloroisocyanuric Acid Market

Around the world, several diseases are caused by drinking and using contaminated water. For this, numerous technologies and chemicals are developed for water treatment in which, one of which is the trichloroisocyanuric acid chemical compound. From the regional perspective, the Asia Pacific is one of the most lucrative regions in the global trichloroisocyanuric acid market and is projected to witness prominent growth during the forecast period.

Intensifying demand for safe and treated water across the Asia Pacific region for constraining diseases that is innate from polluted water. Such a factor is expected to significantly drive the demand for trichloroisocyanuric acid during the forecast period.

Moreover, the positive impact of various regulations and standards regarding safe water infrastructure and systems across North America and the European region is also projected to lay a strong base for the growth in sales of trichloroisocyanuric acid in the upcoming years. 

The Middle East and Africa and Latin America are projected to witness robust growth in the demand for trichloroisocyanuric acid during the forecast period. Owing to the constructive scenario of end-use industries, including agriculture, water treatment, etc.

Who are the Key Players in the Trichloroisocyanuric Acid Market

Kraton Corporation, Florachem, Croda International Plc, TCI Chemicals, Oleon NV, Triveni Chemicals, Wilmar International, and others are among the key trichloroisocyanuric acid market participants covered in the report.

Key companies are concentrating on expanding their production capabilities in order to expand their sales of trichloroisocyanuric acid, particularly in emerging markets. In addition, market participants are concentrating on mergers, acquisitions, and collaboration tactics in order to increase their global footprint and strengthen their distribution network to cater to the rising demand for trichloroisocyanuric acid.

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Scope of Report

Report Attribute

Details

Growth rate

CAGR of 4% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Form, End-use Industry, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Kraton Corporation, Florachem, Croda International Plc, TCI Chemicals, Oleon NV, Triveni Chemicals, Wilmar International

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Frequently Asked Questions

The trichloroisocyanuric acid market is forecasted to register a CAGR of 4% during the forecast period.

Key players holding substantial trichloroisocyanuric acid market share include Kraton Corporation, Florachem, Croda International Plc, TCI Chemicals, Oleon NV, Triveni Chemicals, Wilmar International.

As per the analysis, the trichloroisocyanuric acid market share is likely to be US$ 420 Mn by 2032.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Trichloroisocyanuric Acid Market