The global demand for Cyanuric Acid Market is presumed to reach the market size of nearly USD 620.91 MN by 2028 from USD 484.74 MN in 2021 with a CAGR of 3.6% under the study period 2022 - 2028.
The chemical compound cyanuric acid has the formula (CNOH)3. 1,3,5-triazine-2,4,6-triol is another name for cyanuric acid. Cyanuric acid is an odourless white crystalline hydroscopic powder that is mildly soluble in acetone, benzene, diethyl ether, hexane, and ethanol. Depending on the application, this acid is available in dry powder, pellet, and occasionally liquid forms. It is also known as a stabilizer. It has a variety of applications, including the manufacture of high-performance magnetic wire enamels, electric varnishes, higher-quality plastics, flame retardant resins, and solid lubricants, among others. Bleaches, disinfectants, and herbicides are made with cyanuric acid in the pharmaceutical and industrial industries. Cyanuric acid is also known as the chlorine stabilizer or conditioner because it forms a weak chemical link and a transient bond with chlorine.
Market Dynamics
An increase in demand for bleaches and disinfectants in the pharmaceutical industry due to increased concern about the safety of the sickness caused by the new corona virus will likely drive up the demand for cyanuric acid in the global market. Another significant market driver is using cyanuric acid as a chlorine stabilizer in swimming pools and as a precursor to N-chlorinated cyanurates, which are used to disinfect water and as crosslinking agents for polyurethane resins. However, while cyanuric acid has a low level of toxicity and poses no significant health risks, having excessive quantities of this chemical in a pool puts people at risk of chlorine's capacity to fight germs and viruses, which is the cyanuric acid's restriction. This factor might hinder market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cyanuric acid. The growth and trends of cyanuric acid industry provide a holistic approach to this study.
Market Segmentation
This section of the cyanuric acid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Particle Cyanuric Acid
- Powdered Cyanuric Acid
By Application
- Fine Chemicals Industry
- Synthetic Resin
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cyanuric Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cyanuric Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cyanuric acid market include Wolan Biology, HeBei JiHeng Chemical, MingDa Chemical, HeBei HaiDa Chemical, HeBei FuHui Chemical, BaoKang Chemical, DaMing Science and Technology, JingWei Chemical, HuaYi Chemical, ShanDong XingDa Chemical. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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