Trichloroisocyanuric acid, commonly known as TCI, is a compound that acts as a disinfectant and sanitizing agent. It finds wide application in swimming pools as a chlorinating agent. TCI is effective against a broad spectrum of microorganisms like bacteria, viruses, algae and parasites. Some key advantages of TCI include being stable, easy to handle and ship, less corrosive than sodium hypochlorite, and longer lasting than liquid bleach. The compound generates chlorine gradually in water to effectively kill various pathogens. With rising health awareness and growing swimming pool installations, the need for purification and sanitizing agents like TCI has increased tremendously.
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 key trends:
One of the key trends driving the Trichloroisocyanuric acid Market is its increasing adoption in residential swimming pools. The number of residential pools has increased significantly over the recent past owing to changing lifestyles and rising incomes. Homeowners are preferring TCI over chlorine tablets or liquid bleach for maintaining pool water quality and hygiene. Its long-lasting nature and ease of handling make it a preferred choice. Further, with technological advancements, new grades of TCI with faster dissolving rates and improved effectiveness against biofilms are gaining ground. This is strengthen its demand from commercial pools as well. Overall, factors like rapid urbanization, increasing spending power and health awareness are propelling the Trichloroisocyanuric acid Market growth globally.
Segment Analysis
Trichloroisocyanuric Acid Market
The global trichloroisocyanuric acid market is dominated by the residential/commercial segment. This is because trichloroisocyanuric acid in the form of chlorine tablets and powders is widely used as disinfectants and sanitizers in swimming pools, spas, and other areas. The residential/commercial segment accounted for over 60% of the global market share in 2021 as the use of swimming pools and demand for sanitization increased among residential complexes and commercial establishments like hotels.
Key Takeaways
The global Trichloroisocyanuric Acid Market Demand is expected to witness high growth.
Regional analysis: The North America region currently dominates the global trichloroisocyanuric acid market accounting for over 40% share majorly due to wide scale application in swimming pools and stringent regulations regarding use of disinfectants. The Asia Pacific region is expected to witness highest growth during the forecast period 2023-2030 owing to rapidly growing population, changing lifestyle, and increasing disposable income in countries like China and India leading to rising installation of community swimming pools and spas.
Key players operating in the trichloroisocyanuric acid market are Designatronics Inc., Grudel Group AG, igus GmbH, Harmonic Drive LLC, Designatronics Inc., Stöber 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. The market is highly consolidated with top three players accounting for over 50% share. Key players are focusing on expanding their production facilities and product portfolios to cater to the growing demand for disinfectants and sanitizers from the residential/commercial segment.
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