by Trichloroisocyanuric acid (TCCA) is an organic compound that has shown great promise as a disinfectant and sanitizer in various industries like swimming pools, agricultural and water treatment. TCCA products are effective in killing bacteria and algae with minimal health and environmental impact. The growing awareness about water-borne diseases has propelled the demand for TCCA from water treatment plants globally.
The global Trichloroisocyanuric Acid Market is estimated to be valued at US$ 2052.7 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
Propelled by the increasing demand from water treatment plants, the trichloroisocyanuric acid market is garnering momentum. TCCA is widely used as a disinfectant in swimming pools owing to its effectiveness against various pathogens. With rising concerns about water pollution, government bodies across countries are focusing on upgrading water treatment facilities. This is expected to drive the consumption of TCCA significantly during the forecast period. Furthermore, as agricultural production rises to meet growing food demand, the use of TCCA as an algicide and disinfectant in irrigation water is also augmenting market growth.
SWOT Analysis
Strength: Trichloroisocyanuric acid acts as an excellent disinfectant and has wide applications in swimming pools and water treatment plants. It offers effective killing of microorganisms that causes diseases.
Weakness: Strict regulations regarding the transportation and handling of trichloroisocyanuric due to its hazardous nature. Fluctuations in the prices of raw materials increase the overall production cost.
Opportunity: Growing demand for safer and more effective disinfectants from industries like agriculture, food and beverage offer new opportunities. Increasing awareness about water-borne diseases boost the usage of trichloroisocyanuric acid in developing nations.
Threats: Availability of alternative disinfectants and sanitizers pose threat to market growth. Concerns regarding toxicity if trichloroisocyanuric acid may impact demand.
Key Takeaways
The global Trichloroisocyanuric Acid Market Demand is expected to witness high growth.
Regional analysis – The Asia Pacific region dominates the trichloroisocyanuric acid market and is expected to grow at the fastest rate during the forecast period. Growing population, improving living standards and increasing expenditure on public health in countries like China and India drives the demand.
Key players operating in the Trichloroisocyanuric Acid market are Designatronics Inc., Grudel Group AG, igus GmbH, Harmonic Drive LLC, Designatronics Inc. These companies are focusing on new product launches and partnerships to gain higher market shares.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
