Triglycidyl Isocyanurate Market Size & Share, by Grade (Electronic Grade, Industrial Grade); Mesh size; Application; End user - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

Triglycidyl Isocyanurate Market - Growth Drivers and Challenges

Growth Drivers

• Environmental regulations and compliance requirements: Tighter environmental regulations by regulatory bodies such as the U.S. Environmental Protection Agency (EPA) and the European Chemicals Agency (ECHA) are major propellers of the worldwide triglycidyl isocyanurate (TGIC) market. EPA's 2023 update of the Toxic Substances Control Act (TSCA) introduced stronger reporting, risk assessment, and conformity requirements set to increase the operational costs of chemical makers by up to 16%. The Environmental Protection Agency (EPA) National Emission Standards for Hazardous Air Pollutants (NESHAP) limit VOC emissions from coatings to below 0.6 lb/gal, and this makes manufacturers use TGIC-based powder coatings that naturally comply since they emit almost zero VOC. VOC emissions in the coatings market dropped 26% between 2015 and 2023 based on EPA data due to stricter regulations, and TGIC systems have been a significant contributor to that reduction. These regulatory schemes together create demand for TGIC, which is expected to grow at a rate greater than 7% per annum through 2037 as firms optimize formulation to achieve compliance without sacrificing performance.
   
• Growth in powder coatings industry: The powder coatings market is the strongest driver of triglycidyl isocyanurate (TGIC) demand in the automobile, construction, and appliances sectors. The United States Department of Energy (DOE) predicts the global powder coatings market to grow at a CAGR of 6.6% from 2030 at a value of over USD 13 billion. Powder coatings accounted for about 26% of all industrial volume coatings in 2023, and TGIC-based systems accounted for over 61% due to better crosslinking properties. Powder coatings save on energy consumption during curing by up to 31% and conserve about 1.6 million megawatt-hours per annum in North America alone, as DOE statistics reveal. Car production, the largest user of powder coatings, is growing by 3.9% year-on-year, with more than 96 million motor vehicles manufactured globally in 2024 propelling the demand for TGIC in the automotive industry.

1. Global Triglycidyl Isocyanurate Chemical Demand Trends

The global triglycidyl isocyanurate (TGIC) market grew at a 5.7% Compound Annual Growth Rate (CAGR) between 2013 and 2023, with petrochemicals (39%) and specialty chemicals (28%) being dominant segments (Statista, American Chemistry Council). Automotive usage accounts for 42% of TGIC, spurred by a 23% increase in demand caused by the production of lithium-ion batteries, which grew 18% globally between 2015-2023. Competition from bioplastics, with an increasing rate of 18.5% CAGR and rising share of 13%, and bio-based resins, which have grown 14.8% CAGR, has cut TGIC demand by as much as 8%. New material adoption is most pronounced in automotive (15%) and electronics (19%), driven by sustainability needs, and triggering a 5-8% reduction in TGIC usage in these applications. In the table below, the growth and impact are mentioned.

Growth and Impact of Alternative Materials on TGIC Demand

TGIC Demand Growth and Alternative Material Adoption by End-use Sector

2. Global Trade Dynamics and Shipment Data for Triglycidyl Isocyanurate (TGIC)

Global trade patterns for triglycidyl isocyanurate (TGIC) witness strong growth driven by Asia-Pacific and Europe-North America routes. Asia-Pacific accounted for 46% of global chemical trade in 2021, worth $1.8 trillion. In 2022, Japan's chemical exports to China totaled $1.3 billion, driven primarily by strong demand from the electronics manufacturing sector. Meanwhile, U.S. specialty chemical exports to Europe experienced a noticeable growth, experiencing a growth in CAGR of 7.9% from 2018 to reach $4.6 billion in 2023. TGIC exports by 2024 rose 9.6% year-to-year, led by growth in Asia and North America. Overall, international chemical trade was back to $2.6 trillion in 2023, with Asia-Pacific sustaining its supremacy and leading TGIC demand. In the table below, the values are explained.

TGIC Import/Export Shipment Values (2019–2024)

TGIC trade routes & growth rates

3. Trends in Japan’s Triglycidyl Isocyanurate Shipments by the Manufacturing Industry

Total TGIC chemical export from Japanese manufacturing rose at a 6.3% CAGR from 2018-2023 and was USD 821 million in 2023. Specialty chemicals advanced at 8.6% per year, at USD 432 million in 2023, with demand arising from applications in high-end electronics and coatings. Export of electronics chemicals to Asia grew 15% in 2023, indicating expansion in the regional market. The 2020 supply chain disruption created an 11% drop, but recovered faster in 2021-2023. Domestic policies like carbon neutrality goals boosted battery material deliveries by 19% in 2022. About 56% of TGIC deliveries went into use in automotive and electronics manufacturing in 2023. Japan's green manufacturing efforts accounted for specialty chemicals valued at 53% of total TGIC deliveries. In the tables below, the values are explained.

Japan TGIC shipment values by manufacturing industry (2018–2023, USD Million)

Key trends impacting Japan TGIC shipments

Challenges

• Delays due to new safety standards: Stricter regulations such as REACH and OSHA guidelines require extensive toxicity testing and workplace exposure controls, prolonging approval processes by 6–12 months. Manufacturers face 10–15% higher costs for reformulating TGIC to meet reduced hazardous substance limits (e.g., <0.1% free epichlorohydrin), while downstream powder coating producers delay orders amid uncertainty. In the EU, where 40% of global TGIC demand originates, compliance with updated CLP (Classification, Labelling, Packaging) regulations has slowed market growth to 2–3% annually (vs. 5% pre-2020). Smaller producers, particularly in Asia, risk losing market share due to certification backlogs, exacerbating supply-chain bottlenecks.
   
• Impact of global supply chain disruptions: Key feedstocks like epichlorohydrin (derived from propylene) face supply constraints due to petrochemical production cuts and trade restrictions, leading to 20–30% price spikes in 2022–2023. Shipping bottlenecks, particularly in Asia-Europe routes, have extended lead times by 8–12 weeks, disrupting just-in-time deliveries for powder coating manufacturers (which consume 70% of global TGIC). The EU and North America, reliant on Chinese TGIC imports (50% of global supply), face stockouts amid port congestion and stricter customs inspections. These disruptions have forced downstream users to ration inventories, slowing market growth to 1–2% in 2023 (vs. 4–5% pre-pandemic). Smaller buyers, unable to absorb costs, are shifting to alternatives like non-TGIC curing agents, further dampening demand.