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Global Trichloroisocyanuric Acid Market is Set to Cross US$ 3,038.5 Million at a CAGR of 4% During Forecast Period of 2023 to 2033 | Future Market Insights, Inc. – Yahoo Finance

NEWARK, DE / ACCESSWIRE / June 14, 2023 / By the end of 2033, it is expected that size of the global Trichloroisocyanuric Acid (TCCA) Market would exceed US$ 3,038.5 million. In 2023, it is anticipated to amount to US$ 2,052.7 million. A CAGR of 4.0% is predicted for the market between 2023 and 2033. In 2022, it saw y-o-y growth at a rate of almost 4.2%.
Demand for trichloroisocyanuric acid (TCCA) is rising, driven by the substance's expanding use in aquaculture, agriculture, and water treatment. Sales of TCCA are expected to increase as its use as a bleaching and disinfection agent increases. The textile sector's growing importance is also anticipated to have a significant contribution to the market's growth.
Drivers and challenges have an impact on market dynamics, which can impact your business. Find more insights in this sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-10345
TCCA is very effective as it has high chlorine content. Also, it is a stable compound with cyanuric acid. It has numerous industrial applications. TCCA is considered to be a more economical and superior source for chlorination than sodium hypochlorite and bleaching.
Growing usage of the product for various applications such as bleaching agents, disinfectants, algaecide, and bactericides is expected to create growth prospects during the projected time frame. Surging demand for water treatment and cleaning chemicals in different end-use industries is also projected to have a positive impact on the market.
East Asia is a dominant region in terms of consumption. It has the presence of numerous small and medium-sized manufacturers. Companies in Europe are also expected to witness a surging demand owing to thriving needs from the food & beverage and water treatment sectors.
Key Takeaways from this Market Study:
The global trichloroisocyanuric acid industry witnessed a CAGR of 3.6% in the historical period from 2018 to 2022.
By form, the tablet segment is expected to hold around 30% to 40% of the global trichloisocyanuric acid market share in 2023.
Top companies in the global trichloisocyanuric acid market held around 45% to 55% of share in 2022.
The North American trichloisocyanuric acid market is likely to witness a CAGR of 4.8% in the estimated period.
South Korea and Japan together accounted for a trichloroisocyanuric acid industry share of around 7.1% in 2022.
"The swimming pool sector has experienced rapid growth in recent years. In order to maintain water hygiene in swimming pools by eliminating dangerous bacteria, viruses, and algae, TCCA is widely utilized. Demand for TCCA is anticipated to expand as the number of residential and commercial swimming pools continues to rise,"says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape:
A few renowned companies hold a sizable portion of the market for trichloroisocyanuric acid globally, with the remaining share being divided among other top companies. China-based small- and medium-sized firms are present in the sector.
Players in the market are strategically concentrating on increasing their production capabilities to increase their market share and meet the rising demand. To effectively meet the expanding demands of end users, these firms are making considerable expenditures to enhance their production capacity.
Important market firms are likewise devoting a sizable amount of their earnings to research and development efforts. To increase the quality of their product offerings and their general effectiveness, they are actively seeking innovations.
They are able to improve their position in the international market by using such a strategic approach. These leading firms are putting a lot of effort into creating solutions that are specifically designed to address the distinct needs of top-end users. They can outperform competing products by offering tailored solutions that adhere to stringent end-user standards.
For instance,
The Spanish chemical company Ercros S.A. produces and distributes trichloroisocyanuric acid for use in a variety of sectors such as textiles, agriculture, and water treatment. Under the trade name ‘Chloroisocyanuric Acid,' the company sells trichloroisocyanuric acid products.
Key Players are:
Clearon Corp
Triveni Chemicals
Occidental Chemical Corporation
Heze Huayi Chemical Co., Ltd.
Taian Huatian Chemical Co., Ltd.
Nanning Chemical Group Co., Ltd.
Oleon NV
Ruibang Fine Chemical Co., Ltd.
Ocean Chemicals
Innova Corporate
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Key Segmentation:
By Form:
Powder
Tablet
Granules
By Application:
Bleaching Agent
Disinfectant
Algaecide and Bactericide
Sericulture and Aquaculture
Others
By End-use Industry:
Water and Waste Water Treatment
Food
Sports and Recreation
Textile
Dye
Agriculture
Others
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (tons) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (tons) Projections, 2023 to 2033
Read the Above ToC in Detail
Get More Insights into the Trichloroisocyanuric Acid Market:
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global trichloroisocyanuric acid market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on form (powder, granules, and tablet), application (bleaching agent, disinfectant, algaecide & bactericide, sericulture & aquaculture, and others), end-use industry (water & wastewater treatment, food, sports & recreation, textile, dye, agriculture), and regions.
About the Chemicals and Materials Division at Future Market Insights (FMI):
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, speciality, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward'.
Explore FMI's Extensive Coverage in the Chemicals & Materials Domain:
Cyclohexylbenzene Market Size: The global Cyclohexylbenzene Market size is expected to grow at a CAGR of 5.0% between 2023 and 2033, totaling around US$ 716.5 million by 2033.
Acetone Market Share: The global Acetone Market is projected to reach US$ 6611.3 million in 2023 and is projected to reach US$ 15674 million by 2033, rising at a CAGR of 9% during the forecast period.
Magnesium Oxide Market Scope: The global Magnesium Oxide Market is projected to reach US$ 6.15 billion in 2023 and is projected to reach US$ 16 billion by 2033, growing at a CAGR of 10% during the forecast period.
Sodium Bicarbonate Market Trends: The global Sodium Bicarbonate Market size is expected to grow at a CAGR of 5.2% between 2023 and 2033, totaling around US$ 7.7 billion by 2033.
Bentonite Market Demand: The Bentonite Market has witnessed substantial growth in the last few years. The market is projected to reach a valuation of US$ 3.8 billion in 2033.
Fluoropolymer Market Growth: The Fluoropolymer Market is estimated to be valued at US$ 10 billion in 2023 and is expected to be valued at US$ 18 billion by 2033.
Bioenzyme Fertilizer Market Analysis: The global Bioenzyme Fertilizer Market value is likely to reach US$ 645 million in 2023. From 2023 to 2033, global bioenzyme fertilizer sales are expected to soar at a robust CAGR of 8.9%.
Ceramic Membranes Market Overview: The global Ceramic Membranes Market size is likely to surpass a valuation of US$ 5.45 billion in 2023. It is anticipated to cross US$ 15.61 billion by 2033.
Aluminum Fluoride Market Outlook: The Aluminum Fluoride Market is estimated to be valued at US$ 2.3 billion in 2023 and is expected to surpass US$ 3 billion by 2033.
Polysulfide Market Values: The Polysulfide Market size is estimated to be valued at US$ 3 billion in 2023 and is expected to surpass US$ 6 billion by 2033.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
SOURCE: Future Market Insights, Inc.

View source version on accesswire.com:
https://www.accesswire.com/761222/Global-Trichloroisocyanuric-Acid-Market-is-Set-to-Cross-US-30385-Million-at-a-CAGR-of-4-During-Forecast-Period-of-2023-to-2033-Future-Market-Insights-Inc

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