Sodium Dichloroisocyanurate Market Trends

Growth Drivers

• Growing Demand from the Water Treatment Industry: SDIC is widely used as a disinfectant in swimming pools, spas, and municipal water treatment plants due to its effectiveness in killing bacteria, viruses, and fungi. The increasing demand for clean and safe water, coupled with the growing concern for waterborne diseases, has resulted in an increased demand for SDIC. The World Health Organization estimates that waterborne diseases cause around 485,000 deaths per year, and over 2 billion people worldwide lack access to safe drinking water.
• Increasing Demand from the Food and Beverage Industry: SDIC is used as a sanitizer and disinfectant in the food and beverage industry to prevent the growth of bacteria and other harmful microorganisms. The increasing demand for processed food and beverages is driving the demand for SDIC in this industry. The food and beverage industry has experienced significant growth in recent years, with global food sales reaching USD 8.2 trillion in the year 2019.
• Growing Demand from the Healthcare Industry: SDIC is used as a disinfectant in hospitals and clinics to prevent the spread of infections. The Centers for Disease Control and Prevention estimates that healthcare-associated infections affect 1 in 31 hospitalized patients in the United States, resulting in around 72,000 deaths each year.
• Increasing Demand from the Agricultural Industry: SDIC is used as a disinfectant in animal husbandry and aquaculture to prevent the spread of diseases. According to a report, the global animal disinfectants industry size was valued at nearly USD 2.5 billion in 2019.
• Rise in Research Spending – Growth in the global market during the forecast period can be further attributed to increased investment in research and development activities to continuously find more viable solutions for SDIC. Research reports show that global R&D spending has more than tripled in real terms since 2000, rising from about USD 680 billion to more than USD 2.5 trillion in the year 2019.

Challenges

• Stringent regulations: The use of SDIC is regulated by various government bodies owing to its potentially harmful effects on human health and the environment. This can make it difficult for manufacturers to obtain necessary approvals and certifications for their products.
• Availability of alternative products
• Health concerns