Trichloroisocyanuric acid market Size, Share, Growth, and Industry Analysis, By Type into (Powder, Granular, Tablet), By Application (Water Treatment, Sericulture & Aquaculture, Daily Disinfection and Others), and Regional Forecast to 2027

Updated On: 08 April 2024

Report Overview

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The global trichloroisocyanuric acid market size was USD 1082 million in 2020. As per our research, the market is expected to reach USD 1360.6 million by 2027, exhibiting a CAGR of 3.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the trichloroisocyanuric acid market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Trichloroisocyanuric acid (TCCA) is an organic compound with the formula C3Cl3N3O3. It is a white crystalline powder with a strong chlorine odor. TCCA is a disinfectant, algicide, and bactericide. It is used in a variety of applications, including water treatment, agriculture, aquaculture, and industrial disinfection.

TCCA is a strong oxidant and can be corrosive to some materials. It is important to read the manufacturer's instructions carefully before using trichloroisocyanuric acid and to take precautions to protect yourself from exposure.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had a significant impact on the trichloroisocyanuric acid market share. The hospitality and tourism industry was one of the hardest hit by the pandemic, as people were less likely to travel or stay in hotels. This led to a decrease in demand for trichloroisocyanuric acid, which is used to disinfect swimming pools, hot tubs, and other water features in hotels and resorts. The food and beverage industry was also affected by the pandemic, as restaurants and bars were forced to close or operate at reduced capacity. This led to a decrease in demand for trichloroisocyanuric acid, which is used to disinfect food processing equipment and food storage areas. The healthcare industry was one of the few industries that saw an increase in demand for TCCA during the pandemic. However, this demand was largely offset by the decrease in demand in other industries.

Latest Trends

"Increasing demand for TCCA in water treatment is expected to fuel the growth in the market"

Trichloroisocyanuric acid is a widely used disinfectant for water treatment. It is effective against a wide range of bacteria, viruses, and algae. The increasing demand for clean and safe water is driving the demand for trichloroisocyanuric acid in the- water treatment market. People are becoming more aware of the importance of drinking clean and safe water, and they are demanding that their water suppliers provide them with water that is free of bacteria, viruses, and other harmful microorganisms. The world's population is becoming increasingly urbanized, and this is putting a strain on water resources. As a result, there is a need for more efficient and effective ways to treat water, and trichloroisocyanuric acid is a cost-effective and effective disinfectant that can be used to treat large volumes of water. Governments around the world are tightening their water quality standards, and this is driving the demand for more effective disinfectants. TCCA is a highly effective disinfectant that can meet even the most stringent water quality standards. New technologies are being developed to make TCCA more effective and easier to use. For example, new formulations of TCCA are being developed that are more stable and have a longer shelf life. The increasing demand for TCCA in water treatment is a positive trend, as it means that people are becoming more aware of the importance of drinking clean and safe water.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Powder, Granular, Tablet.

• By Application Analysis

Based on age, the market can be divided into Water Treatment, Sericulture & Aquaculture, Daily Disinfection and Others.

Driving Factors

"Growing demand for TCCA in agriculture to foster the market growth"

TCCA is used to disinfect seeds and soil, and to control pests and diseases in plants. The increasing demand for organic farming is driving the demand for trichloroisocyanuric acid in the agriculture market. Trichloroisocyanuric acid can be used to disinfect seeds to control soil-borne diseases and pests. This is important for organic farming, as it allows farmers to use a natural disinfectant without the use of synthetic chemicals. TCCA can be used to disinfect soil to control soil-borne diseases and pests. This can help to improve crop yields and reduce crop losses. TCCA can be used to control a variety of pests and diseases in plants, such as mildew, rot, and wilt. This can help to improve crop yields and reduce crop losses. TCCA can be used to disinfect irrigation water to control microbial growth and prevent the spread of infection. This can help to improve crop yields and reduce crop losses.

"Increasing demand for TCCA in industrial disinfection to result in the expansion of the market"

TCCA is used to disinfect industrial equipment and surfaces, and to control microbial growth in industrial water systems. The increasing demand for hygiene and safety in industrial settings is driving the demand for TCCA in the industrial disinfection market. TCCA can be used to disinfect industrial equipment to control microbial growth and prevent the spread of infection. This is important in food processing facilities, healthcare settings, and other industrial settings where hygiene and safety are critical. TCCA can be used to disinfect surfaces to control microbial growth and prevent the spread of infection. This is important in food processing facilities, healthcare settings, and other industrial settings where hygiene and safety are critical. TCCA can be used to control microbial growth in industrial water systems, such as cooling towers and evaporative condensers. This can help to prevent the growth of algae and bacteria, which can clog pipes and damage equipment.

Restraining Factors

"Environmental concerns to hamper the market growth"

The use of TCCA can have environmental impacts, such as the release of chlorine into the water supply. These concerns can lead to restrictions on the use of TCCA, which can limit market growth.

Regional Insights

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"Asia Pacific to lead the market owing to increasing urbanization. "

The Asia Pacific region has shown the highest trichloroisocyanuric acid market growth. The Asia Pacific region is also undergoing rapid urbanization, and this is putting a strain on water resources. As a result, there is a need for more efficient and effective ways to treat water, and TCCA is a cost-effective and effective disinfectant that can be used to treat large volumes of water.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Occidental: Houston, Texas, US
• Clearon: Laval, Quebec, Canada
• Ercros: Madrid, Spain
• Fluidra: Barcelona, Spain
• Shikoku Chem: Matsuyama, Ehime Prefecture, Japan
• Nankai Chem: Tianjin, China
• Nippon Soda: Osaka, Japan
• Pat Impex: Mumbai, India
• Jiheng Chem: Xuzhou, Jiangsu Province, China
• Heze Huayi: Heze, Shandong Province, China
• Zhucheng Taisheng: Zhucheng, Shandong Province, China
• Lantai Chem: Wuxi, Jiangsu Province, China
• Hebei Xingfei: Shijiazhuang, Hebei Province, China
• Juancheng Kangtai: Juancheng, Shandong Province, China
• Ruibang Chem: Zhangjiagang, Jiangsu Province, China

Report Coverage

This report examines an understanding of the trichloroisocyanuric acid market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.