by The global trichloroisocyanuric acid market is mainly driven by its increasing application in swimming pools sanitization. Trichloroisocyanuric acid, commonly known as trichlor, is an organic compound widely used as a chlorinating agent in swimming pools. It slowly releases hypochlorous acid and hypochlorite ions in water which act as disinfectants, killing bacteria and preventing algae and fungal growth. Rising concerns regarding health and hygiene have boosted the construction of community and residential swimming pools across the world. Furthermore, growing participation in water sports is augmenting the demand for chlorination products like trichloroisocyanuric acid.
The global Trichloroisocyanuric Acid Market is estimated to be valued at US$ 2052.7 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
The increasing demand for trichloroisocyanuric acid from the swimming pools industry is a major driver responsible for boosting the global market. According to a WHO report, recreational water facilities like pools receive over 300 million visits annually in the United States alone. Moreover, rising disposable income and spending ability has led to rapid construction of both residential as well as community swimming pools globally. This is fueling the consumption of water treatment chemicals like trichloroisocyanuric acid which helps maintain pool water quality. Furthermore, favorable government regulations regarding pool water sanitization and growing health awareness regarding water-borne diseases are promoting the adoption of disinfection agents. Trichloroisocyanuric acid acts as an effective and affordable solution, thus supplementing market growth over the forecast period.
Segment Analysis
The global Trichloroisocyanuric acid market can be segmented on the basis of form, application, and end-use industry.The dry powder segment dominates the market as it offers several advantages such as ease of handling and storage compared to liquid form. It has a long shelf life and can be easily dispersed in water.
PEST Analysis
Political: Government regulations around environmental protection and water treatment drive demand. Environmental agencies set standards for disinfectants.
Economic: Rising income levels boost demand from swimming pools and cooling systems. The market experiences fluctuations with economic cycles that affect construction.
Social: Population growth and urbanization increase the requirement for recreational facilities and district cooling systems using TCCA. Consumer preference for hygienic environments also contributes.
Technological: Advances in membrane technologies aid in developing improved formulations of TCCA for specialized applications in industries.
Key Takeaways
The global Trichloroisocyanuric Acid Market Demand is expected to witness high growth.
Regional analysis shows that Asia Pacific dominates and is projected to be the fastest growing market due to increasing pool ownership, population, and urbanization.
Key players operating in the Trichloroisocyanuric acid market are Designatronics Inc., Grudel Group AG, igus GmbH, Harmonic Drive LLC, Designatronics Inc., Stõber Antriebstechnik GmbH and Co. KG, EGT Eppinger Getriebe Technologie GmbH, Cone Drive, Framo Morat, Apex Dynamics Inc., ATLANTA Drive Systems, Inc., GAM ENTERPRISES, INC., HIWIN Corporation, Wilhelm Vogel GmbH, DieQua Corporation, Motus Labs, Onvio LLC, and Georgii Kobold GmbH & Co. KG.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
