BASF SE: BASF announced that it has expanded its production capacity for SDIC at its plant in Ludwigshafen, Germany. The expansion increases the annual production capacity of SDIC at the plant by 10,000 metric tons, allowing BASF to meet the growing demand for water treatment chemicals in Europe and other regions.
Lonza Group Ltd.: Lonza announced that it has entered into a collaboration with Procter & Gamble to develop and produce a new disinfectant product. The product will be based on Lonza's proprietary disinfectant technology, which includes SDIC as one of the active ingredients. The collaboration is aimed at developing a product that can effectively kill the SARS-CoV-2 virus and other pathogens while being safe and easy to use.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4880
Published Date: May 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand from the water treatment industry is the major factor driving the market growth.
The market size of sodium dichloroisocyanurate is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.
The availability of alternative products is estimated to be the growth hindering factor for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are BASF SE, Occidental Petroleum Corporation, Lonza Group Ltd., Nankai Chemical Co., Ltd., Yufeng Chemical Co., Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by end user, application, and by region.
The healthcare segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.