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The Cyanuric Acid Market size was estimated at USD 314.63 million in 2023, USD 329.07 million in 2024, and is expected to grow at a CAGR of 4.67% to reach USD 433.16 million by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Cyanuric acid is an organic compound with the formula (CNOH)3, and it is a white, odorless solid that finds its primary use in outdoor swimming pools and spas as a stabilizer for chlorine, preventing rapid degradation under the sun's ultraviolet rays. This prolongs the effectiveness of chlorine, ensuring safer, cleaner water over extended periods. The major factors contributing to the expansion of cyanuric acid use include its effectiveness in water purification, its role in reducing the frequency of chlorine application, and its increasing application in agriculture as a slow-release nitrogen fertilizer.
Despite its advantages, cyanuric acid poses certain challenges, such as the potential to form compounds that could harm human health and the environment if not properly managed. High concentrations in swimming pools can lead to reduced chlorine efficacy, potentially allowing for the growth of harmful microorganisms. Addressing these concerns involves careful monitoring and management of cyanuric acid levels, adhering to regulatory standards, and developing more environmentally friendly formulations. Advancements in water treatment technologies, growing agricultural applications, and increasing awareness about water conservation practices are expected to diversify the use of cyanuric acid. Moreover, ongoing research into novel applications and formulations of cyanuric acid holds the potential to capitalize on its benefits, opening new avenues in various industries.
Regional Insights
In the Americas, the demand for cyanuric acid is predominantly driven by its application in swimming pool sanitization and water treatment industries, harnessing its stabilizing properties to extend the effectiveness of chlorine in outdoor pools. Production-wise, the region benefits from a well-established chemical manufacturing infrastructure and a network of suppliers and distributors, facilitating efficient distribution. The use of cyanuric acid spans beyond pool sanitization, extending to agriculture as a slow-release nitrogen fertilizer, reflecting the region's vast agricultural base.Production in APAC is characterized by a high volume output facilitated by the availability of raw materials and a competitive manufacturing base, making it a major exporter, especially for global supply chains. The region is home to numerous local and regional players, fostering a competitive market environment that emphasizes cost efficiency and scalability. EMEA's approach to cyanuric acid integrates both the chemical's traditional uses and its potential in new applications like plastics, resins, and coatings, driven by the region's strong emphasis on innovation and environmental sustainability. The market in the area is regulated by stringent environmental and safety regulations, influencing production processes and technologies adopted by companies. The presence of well-established, globally recognized chemical manufacturers in Europe, often focusing on specialty chemicals, contributes to a diverse and technologically advanced market landscape.
Market Trends by Segment
- Form: Improved utility and effectiveness of cyanuric acid in powder form
- Application: Exponential application of cyanuric acid in water treatment activities
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Kemira To Invest In Water Treatment Chemicals Production In UK
Kemira, an entity at the forefront of delivering sustainable chemical solutions for industries with high water usage, has unveiled plans for significant investment in its production capabilities for water treatment chemicals within the United Kingdom. This strategic development underscores Kemira's commitment to innovation and its dedication to addressing the increasing demand for water treatment solutions, thereby reinforcing its position as a leader in the global market. The company's investment is poised to enhance its production efficiency, ensure the supply of high-quality water treatment chemicals, and bolster its contribution to sustainable water management practices across industries worldwide.International Chemical Investors S.E. acquired the Cyanuric Chloride Business of Evonik Evonik Industries AG.
International Chemical Investors S.E. announced its definitive agreement to acquire the Cyanuric Chloride Business unit from Evonik Industries AG. This strategic acquisition, reflecting a sales volume of approximately EUR 260 million in the year 2022, underscores a significant consolidation within the chemical sector.Key Company Profiles
The report delves into recent significant developments in the Cyanuric Acid Market, highlighting leading vendors and their innovative profiles. These include Ercros S.A, Fengchen Group Co.,Ltd, Haihang Industry Co., Ltd., Hebei Jiheng Chemical Co., Ltd., Hebei Xingfei Chemical Co., Ltd., Merck KGaA, Nissan Chemical Corporation, Occidental Petroleum Corporation, Qingdao Develop Chemistry Co.,Ltd, Shandong Daming Disinfection Technology Co., Ltd, Shandong Tianze Chemical Technology Co., LTD., Shandong Wolan Biologic Group Co.,Ltd., Simson Pharma Limited, Thermo Fisher Scientific, Inc., Tokyo Chemical Industry Co., Ltd., Wego Chemical Group Inc., Xingda Chemical ltd, Yixing Cleanwater Chemicals Co., Ltd., Zehao Industry Co., Ltd, and Zhengzhou Delong Chemical Co., Ltd.This research report offers invaluable insights into various crucial aspects of the Cyanuric Acid Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Cyanuric Acid Market, by Form
7. Cyanuric Acid Market, by Application
8. Americas Cyanuric Acid Market
9. Asia-Pacific Cyanuric Acid Market
10. Europe, Middle East & Africa Cyanuric Acid Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Ercros S.A
- Fengchen Group Co.,Ltd
- Haihang Industry Co., Ltd.
- Hebei Jiheng Chemical Co., Ltd.
- Hebei Xingfei Chemical Co., Ltd.
- Merck KGaA
- Nissan Chemical Corporation
- Occidental Petroleum Corporation
- Qingdao Develop Chemistry Co.,Ltd
- Shandong Daming Disinfection Technology Co., Ltd
- Shandong Tianze Chemical Technology Co., LTD.
- Shandong Wolan Biologic Group Co.,Ltd.
- Simson Pharma Limited
- Thermo Fisher Scientific, Inc.
- Tokyo Chemical Industry Co., Ltd.
- Wego Chemical Group Inc.
- Xingda Chemical ltd
- Yixing Cleanwater Chemicals Co., Ltd.
- Zehao Industry Co., Ltd
- Zhengzhou Delong Chemical Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 195 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 329.07 Million |
| Forecasted Market Value ( USD | $ 433.16 Million |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
