by The global Trichloroisocyanuric acid (TCCA) market is projected to grow at a steady pace backed by the increasing demand for chlorine-based disinfectants. TCCA, also known as sodium trichloroisocyanurate or trichlor, is an organic compound used as a chlorine-releasing agent in disinfectants and sanitizers. It is commonly used as a substitute for chlorine in swimming pool sanitizers due to its higher stability and easy handling. TCCA breaks down slowly in water to release chlorine that kills bacteria and algae in pools. The growing swimming pool installations, especially in residential complexes in warm regions, has fueled the sales of TCCA-based products.
The Global Trichloroisocyanuric Acid Market is estimated to be valued at US$ 2364.72 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Trichloroisocyanuric Acid market are Designatronics Inc., Grudel Group AG, igus GmbH, Harmonic Drive LLC, Designatronics Inc.
The increasing number of residential and commercial construction activities in countries like China, India, Brazil, Mexico etc. is driving the demand for swimming pools. This is subsequently boosting the sales of trichloroisocyanuric acid-based sanitizers.
Leading manufacturers are focusing on capacity expansion plans and product launches to cater to the growing demand from emerging markets like Asia Pacific and Latin America and gain a larger share in the global market.
Market Key Trends
One of the major trends witnessed in the Trichloroisocyanuric Acid Market Demand is the growing preference towards green and eco-friendly disinfectant products. Stringent regulations regarding the use of chlorine in food processing and wastewater treatment applications are propelling the demand for safer alternative disinfectants like TCCA. Manufacturers are investing in research activities to develop innovative product formulations using TCCA that can tackle bacterial and viral contamination in various industries without releasing toxic by-products. Another key trend is the increasing adoption of automatioin technologies by major players to enhance production efficiencies and reduce operational costs. This is expected to support the market gains over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirement and available manufacturing technology allows new players to enter the market easily. However, presence of established players and need for branding creates barrier.
Bargaining power of buyers: Large number of buyers are present globally. However, product differentiation strategy of manufacturers reduce impact of individual buyers.
Bargaining power of suppliers: Key raw materials and components are commodity in nature and supplied by numerous vendors. This reduces supplier bargaining power.
Threat of new substitutes: No direct substitute exists for this chemical. Potential substitutes require significant R&D and investment to gain commercial acceptance.
Competitive rivalry: Market dominated by few global and regional players. Intense competition on pricing and new product development maintains competitive pressure.
Geographical Regions
Asia Pacific region accounts for around 35-40% of global market value due to presence of major manufacturers in China and other Asian countries. Growing water treatment activities in countries like India and China drives region’s market.
North America region is fastest growing market with expected CAGR of over 11% during forecast period. Stringent regulations regarding Disinfection of pool and spa in US and Canada increases demand. Growing awareness about health benefits of purified water also supports regional market.
Geographical Regions
The Middle East and Africa region is expected to register fastest growth during forecast period supported by ongoing development activities in gulf countries, infrastructure upgradation and rising health standards. Countries like Saudi Arabia, UAE, South Africa etc accounts for over 25% of regional market value.
Europe holds around 20-22% share in global market value concentrated majorly in Western European countries like Germany, UK, France etc supported by stringent quality standards for treated water. However, Asia Pacific is largest and fastest growing region globally for Trichloroisocyanuric Acid market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
