TRICHLOROISOCYANURIC ACID MARKET ANALYSIS

Trichloroisocyanuric Acid MarketSize and Trends

Market Outlook

• Global trichloroisocyanuric acid market is projected to grow at a substantial rate over the forecast period, owing to rising demand for Trichloroisocyanuric acid in applications such as water treatment, agriculture & aquaculture, and regular disinfection in residential applications
• Trichloroisocyanuric acid is used for treating seeds, sanitation of pools & spas, anti-shrink treatment of woolen fabrics, organic synthesis, preventing and curing diseases in animal husbandries and fisheries and is used as a bleaching agent in textile
• According to the World Trade Statistical Review 2018 released by World Trade Organization (WTO), the global textile exports was valued at US$ 296.1 billion in 2017, which recorded an increase of 4.2% from 2016. Growing textile industry is a major driver for growth of the global Trichloroisocyanuric acid market.
• Trichloroisocyanuric acid (TTCA) finds its applications in the agriculture industry for treatment of seeds and to protect crops from bacteria. According to an article published by Crop Life International in October 2015, about 1.0 billion people working in the agriculture sector contribute more than US$ 2.0 trillion to the global economy every year. In emerging economies, agriculture accounts for a major share in South Asia’s and South Africa’s GDP, accounting for 20.0% and 15.0%, respectively during 2015 and 2016. Growing end-use industries is key factor for driving market growth over the forecast period.

Market Trends

• Increasing adoption of trichloroisocyanuric acid in new sectors and ongoing research for broader applications are expected to influence market dynamics.