Trichloroisocyanuric Acid Market size is expected to trace USD 441 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of trichloroisocyanuric acid was over USD 245 Billion. The increasing sales of trichloroisocyanuric acid are to be stimulated by a recent boom in the textile industry, which will lead to market growth over the forecast period. The global production of textile fibers was estimated at around 24 million tonnes in 1975. The number is already nearly quadrupling, reaching 113 million tonnes by 2021. The production volumes of natural fibres such as cotton or wool amounted to 25.4 million metric tons while chemicals accounted for the remaining 88.2 million.
Furthermore, it is a regular practice in the farming industry to use trichloroisocyanurate for treating seeds and shielding crops from germs. According to an estimate by the U.S. Department of Agriculture, in 2020 about USD 1.055 trillion is expected to contribute to America's gross domestic product GDP contribution from food, agriculture, and associated sectors.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 – 2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~ USD 245 billion |
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Forecast Year Market Size (2036) |
~ USD 441 billion |
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Regional Scope |
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End-User (Water & Wastewater Treatment, Food, Sports & Recreation, Textile, Dye & Pigments, Agriculture)
The textile segment is anticipated to hold 28% share of the global trichloroisocyanuric acid market during the forecast period. One of the most important factors expected to drive market growth over the coming years is the expansion of textile industries worldwide, together with increasing demand for textiles as a result of an ever-growing population. According to the latest statistics, in 2020 there were about 87 million tons of textiles consumed worldwide with an annual growth rate of 4%.
Application (Bleaching Agent, Disinfectant, Algaecide & Bactericide, Sericulture & Aquaculture)
Trichloroisocyanuric acid market from the bleaching agent is anticipated to have the highest share of about 35% during the forecast period. The textile industry uses trichloroisocyanuric acid very often as a bleaching agent, which is one of the most common and significant uses for it. It is also used for anti-shrink and dyestuff treatment in wool, other than the use as a bleaching agent.
Our in-depth analysis of the global market includes the following segments:
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Form |
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Application |
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End-User Industry |
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APAC Market Forecast
The trichloroisocyanuric acid market in Asia Pacific is projected to hold the largest revenue share of about 33% by the end of 2036. In wastewater treatment chemicals, trichloroisocyanuric acid has been increasingly used to provide a region with safe drinking water and good sanitization. For instance, urban India generates 72,368 million liters (MLD) of sewage every day. India has the potential to treat and reuse 80% of the wastewater generated, which can be used for non-potable purposes.
North American Market Statistics
The North America region is anticipated to account a significant revenue share of about 25% by the end of 2036. For a variety of water bodies such as swimming pools, whirlpools, fountains and other aquatic facilities in the region tricchloroisocyanuric acid acts as a disinfectant. Demand for trichloroisocyanuric acid is expected to increase during the forecast period because of its higher quality than chlorine which has been widely used in swimming pools.
Karton Corporation has successfully joined hands with DL Chemical Co., Ltd. This merger is expected to boost the company’s presence by leveraging DL Chemical’s manufacturing capabilities and footprint in the Asian market, along with its financial power, allowing it to invest in industry-leading sustainable innovation.
FMC Corporation has finally acquired BioPhero ApS, a Denmark-based pheromone research and production company. FMC Corporation (NYSE: FMC), an agricultural sciences company, today announced that it has completed the closing of its acquisition of BioPhero ApS, a Denmark-based pheromone research and production company. The companies announced the signing of a definitive acquisition agreement on June 29, 2022, and have now satisfied all necessary conditions and regulatory approvals.
Author Credits: Smruti Ranjan, Rajrani Baghel
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