The value of the worldwide market for chlorinated isocyanurates is projected to increase from USD 4.5 billion in 2022 to USD 7.5 billion in 2032. The market is expected to expand at a moderate compound annual growth rate (CAGR) of 5.3% from 2022 to 2032, from its estimated value of US$ 4.2 billion in 2021. During the projected period, the market for chlorinated isocyanurates is expected to grow due to an increase in renovation projects and developments in both residential and commercial construction.
Chlorine derivatives of isocynauric acid are referred to as chlorinated isocyanurates and are used for disinfecting, sanitizing, and bleaching purposes. The chemical also finds application as fungicides, fungistats, bactericides, and microbistats. Chlorinated isocyanurate’s cost-effectiveness and superior water solubility are aspects that promote their application across various industrial verticals. Further, widespread application as disinfectants in swimming pools and as domestic septic tank disinfectants augments the sales of chlorinated isocyanurates in the global market.
The advancing disinfectants industry spearheads the growth of the chlorinated isocyanurates market during this period of observation. The popularity of swimming and the expanding sports industry also strengthens prospects for chlorinated isocyanurates as a disinfectant. The growing use of Dichlorolsocyanurate for disinfecting surfaces used for poultry and silkworm rearing also drives the growth of the chlorinated isocyanurates market in the upcoming years.
Get Your Sample Report and Elevate Your Business Strategy Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-314
The use of disinfectants in industrial water chilling units so as to purify the water before industrial use fosters an environment of growth for the chlorinated isocyanurates market. The target product is further used as a preliminary purification method in the semiconductor industry which employs double distilled water. All of these considerations stimulate the growth of the chlorinated isocyanurates market during the forecast period.
Key Takeaways:
- Rising threat of cancer and reproductive effects on animals and the risk of colorectal cancer in humans are certain factors that hinder the growth of the chlorinated isocyanurates market.
- Asia Pacific will emerge as a lucrative pocket for the market due to significant export activities by China and the increasing use of the product to sanitize domestic septic tanks in Japan.
- The chlorinated isocyanurates market in Europe will be driven by the use of the product as a disinfectant by many drinking water companies.
- The US chlorinated isocyanurates market will benefit from the use of the same in the production of pesticides and other chemicals.
Competitive Landscape
Prominent players in the chlorinated isocyanurates market
- 3V Italia
- China Salt Changzhou Chemical Co Ltd
- HebeiJiheng Chemical Co Ltd
- HezeHuayi Chemical Co Ltd
- Liaocheng London Chemical Co Ltd
- Nissan Chemical
- Nippon Soda
- Nankai
- Nanning Chemical Industry Co Ltd
- PuyangCleanway Chemical Ltd.
Key market players are focusing on increasing investment in research and development activities to support innovation in the field. These firms also engage in various organic and inorganic business strategies to enhance their market position.
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/314
More Insights into Chlorinated Isocyanurates Market
FMI offers the latest, unbiased, and detailed analysis of the global chlorinated isocyanurates market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (trichloroisocyanuric acid (TCCA), sodium dichlorolsocyanurate (SDCC)), application (bleaching agents, disinfectants, fungicides, bactericides), and region.
According to the latest FMI reports, based on region, the chlorinated isocyanurates market in Asia Pacific will display strong growth between 2022 and 2032. The target market in this region will be offered lucrative growth opportunities primarily due to elevated export activities in China and the growing use of chlorinated isocyanurates as a sanitizer for domestic septic tanks in Japan. A significant portion of the chlorinated isocyanurates produced in China and Japan are exported to the US. Besides Asia Pacific, Europe will also show notable growth. The chlorinated isocyanurates market in Europe is shaped by the heightened use of the product in the drinking water sector. Chlorine is used as the main disinfectant in drinking water preparation from surface water. In this region, Germany outranks all other countries in terms of capacity. Thus, Asia Pacific and Europe contribute considerably to the global growth of the chlorinated isocyanurates market during the forecast period.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
