Research Nester published a report titled “Trichloroisocyanuric Acid Market”: Global
Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the
global trichloroisocyanuric acid in terms of market segmentation by form, application, end-use
industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators,
restraints, supply and demand risk, along with detailed discussion on current and future market
trends that are associated with the growth of the market.
The global trichloroisocyanuric acid market is anticipated to grow with a CAGR of ~5% during
the forecast period, i.e. 2023-2035. The market is segmented by end-use industry into water &
wastewater treatment, food, sports & recreation, textile, dye, agriculture, and others. Out of
these, the textile segment is anticipated to garner the highest revenue by 2031, owing to the
augmentation of the textile industry coupled with the increased demand of textile fibers by the
population. In 2020, the global textile consumption was approximately 87 million tons, with an
annual growth rate of 4%.
The global trichloroisocyanuric acid market is estimated to garner a revenue of USD 420 million
by the end of 2031, up from a revenue of USD 230 million in 2021. The increased utilization of
the product as industrial disinfectants, bleaching agent and as reagent is expected to increase the
sales of the chemical in various industries. Further, the prevalence of high number of textile
manufacturers is anticipated to bolster the demand of trichloroisocyanuric acid in the industry for
the increased preference for organic compound in the upcoming years.
Geographically, the global trichloroisocyanuric acid market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Out of these, the market in Asia Pacific region is estimate to garner the largest market share by
the end of 2031. The growing demand for safe and treated water across the Asia Pacific region
for constraining diseases from polluted water is expected to significantly drive the demand for
trichloroisocyanuric acid during the forecast period. In India, around 2,400 people died due to
water-borne diseases and more than 1.3 million people were diagnosed in the same
year. Further, the presence of large share of global chemical industry and increased consumption
of textiles are some of the factors that are anticipated to develop growth opportunities for the
market.
The research is global in nature and covers detailed analysis on the market in North America
(U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of
Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest
of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait,
Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis
comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive
study, investment opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
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Increased Water and Wastewater Treatment to Drive the Market Growth
Trichloroisocyanuric acid is used as industrial disinfectants, bleaching agent and reagent in
various industries such as textiles, water and wastewater treatment, agriculture and others. The
rising demand of the trichloroisocyanuric acid due to its bactericidal performance, high
efficiency, low toxicity fungicides, shrink agent, and others are some of the major as well as
important factors which is expected to accelerate the growth of trichloroisocyanuric acid market
in the forecast period.
However, the abundance of alternative chemicals along with the stringent government rules and
slow adoption rate is expected to operate as key restraints to the growth of the global
trichloroisocyanuric acid market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the
global trichloroisocyanuric acid market which includes company profiling of Kraton
Corporation, Croda International Plc, Tokyo Chemical Industry Co., Ltd., Oleon NV, Wilmar
Group, Occidental Petroleum Corporation, Nissan Chemical Corporation, Ercros, S.A., FMC
Corporation, Olin Corporation and more. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and recent news
and developments. On the whole, the report depicts detailed overview of the global
trichloroisocyanuric acid market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the ongoing and expected
trends in the future.
Access our detailed report at: https://www.researchnester.com/reports/trichloroisocyanuricacid-market/4202