Trichloroisocyanuric Acid Market Size & Share, by Form (Powder, Granular, Tablet); Application (Bleaching Agent, Disinfectant, Algaecide & Bactericide, Sericulture & Aquaculture); End-user Industry (Water & Wastewater Treatment, Food, Sports & Recreation, Textile, Dye & Pigments, Agriculture) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 4202
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2037

Trichloroisocyanuric Acid Market size was over USD 2.13 billion in 2024 and is set to cross USD 3.46 billion by the end of 2037, witnessing more than 3.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of trichloroisocyanuric acid is estimated at USD 2.19 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.


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Trichloroisocyanuric Acid Sector: Growth Drivers and Challenges

Growth Drivers

  • Boom in the Chemical Industry- The white crystalline powder with a chlorine-like odor is used in the chemical industry in the tablet or granular form used as a reagent in organic chemical synthesis. According to current industry estimates, in 2021 the chemical sector is expected to generate an annual revenue of USD 4.7 trillion.
  • High Investment in Research and Development Activities- The growth in sales of the market is driven by growing investments in research and development activities related to trichloroisocyanuric acid. The World Bank has published figures showing that research and development expenditure worldwide increased from 2.1 % of GDP in 2017 to 2.63% by 2020.
  • Soaring Expenditure on Advanced Materials and Chemicals- According to estimates, the world's expenditure on advanced materials and chemicals will reach USD 41 billion in 2019.

Challenges

  • Increasing Number of Government Restrictions- Trichloroisocyanuric acid is a strong chemical compound that cannot easily be used, but some strict government rules and regulations have been connected with it, which has led to an issue in the growth of this market.
  • A Simple availability of alternatives to chemicals.
  • The market for trichloroisocyanuric acid may be limited due to its small consumption because of its toxic nature.

Trichloroisocyanuric Acid Market: Key Insights

Base Year

2024

Forecast Year

2025 – 2037

CAGR

3.8%

Base Year Market Size (2024)

USD 2.13 billion

Forecast Year Market Size (2037)

USD 3.46 billion

Regional Scope

  • North America (U.S. & Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) 
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)

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Trichloroisocyanuric Acid Segmentation

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:

                          Form

  • Powder
  • Granular
  • Tablet

                          Application

  • Bleaching Agent
  • Disinfectant
  • Algaecide & Bactericide
  • Sericulture & Aquaculture

                          End-User Industry

  • Water & Wastewater Treatment
  • Food
  • Sports & Recreation
  • Textile
  • Dye & Pigments
  • Agriculture

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Trichloroisocyanuric Acid Industry - Regional Synopsis

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 2037. 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 2037. 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.

Research Nester
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Companies Dominating the Trichloroisocyanuric Acid Landscape

    • Kraton Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Croda International Plc
    • Oleon NV
    • Wilmar Group
    • Occidental Petroleum Corporation
    • Ercros, S.A.
    • FMC Corporation
    • Olin Corporation
    • Triveni Chemicals
    • B & V Chemicals

In the News

  • 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:  Rajrani Baghel


  • Report ID: 4202
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of trichloroisocyanuric acid is estimated at USD 2.19 billion.

The trichloroisocyanuric acid market size was over USD 2.13 billion in 2024 and is set to cross USD 3.46 billion by the end of 2037, witnessing more than 3.8% CAGR during the forecast period i.e., between 2025-2037. The expansion in the utilization of chemicals across different end-use companies will impel the market growth.

Asia Pacific industry is poised to dominate majority revenue share 33% by 2037, as trichloroisocyanuric acid has been increasingly used to provide a region with safe drinking water and good sanitization.

The major players in the market are Croda International Plc, Oleon NV, Wilmar Group, Occidental Petroleum Corporation, Ercros, S.A., FMC Corporation, Olin Corporation, Tokyo Chemical Industry Co., Ltd., Nissan Chemical corporation, and others.
Trichloroisocyanuric Acid Market Report Scope
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