Global cyanuric
chloride market is expected to grow at a significant CAGR in
the upcoming period as the scope and its applications are rising enormously
across the globe. Cyanuric chloride is an organic compound that is also termed
as kyanurchlorid or cyanuric. It is a chlorinated derivative of 1,3,5-triazine.
It is white in color with molecular formula C3Cl3N3. These white crystals
comprise a strong irritant chlorine odor. It is soluble in acrylonitrile,
ethanol, acetic acid, ethyl ether, and chloroform. On the other hand, it is
insoluble in cold water. Chloride cyanogen preparation and chloride cyanogen
polymerization are the two main steps in cyanuric chloride production.
The factors that are playing a major role in
the growth of cyanuric chloride market are the rising demand from several
end-users, minimal production cost, technological enhancement, and high degree
efficacy and easy to use in several applications. However, side effects on
human health and the growing preference towards environment-friendly and
organic pesticides may restrain overall market growth in the years to come.
Cyanuric chloride market is segmented based on purity, manufacturing process,
application, and region.
Low purity (98%) and high purity (99%) are
the purity types that could be explored in cyanuric chloride in the forecast
period. Based on the manufacturing process, hydrogen cyanide route and sodium
cyanide route could classify cyanuric chloride in the forecast period.
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The market may be categorized based on
applications like plastics, agrochemicals, chemical additives, dyes &
pigments, textile industry, and others could be explored in cyanuric chloride
in the forecast period. Agrochemicals sector accounted for the substantial
market share of cyanuric chloride and is estimated to lead the overall market
in the years to come. In addition, dyes & pigments sector is estimated to
grow at the fastest pace in the years to come.
Globally, Asia Pacific accounted for
the substantial market share of cyanuric chloride in 2017 and is estimated to
lead the overall market in the years to come. The reason behind the overall
market growth could be the presence of key manufacturers in the region and the
high demand of cyanuric chloride. The developing countries like India and China
are the major consumers of cyanuric chloride in this region. China market is
estimated to remain dominant in the years to come in terms of demand and supply
of cyanuric chloride, expansion of production unit, and application industry.
North America and Europe are also
estimated to have a positive influence on future growth. North America is the
second largest region with significant market share. However, Europe is
estimated to grow at the highest CAGR in the forecast period. The aspects that
may be ascribed to the growth comprise government ban on the usage of atrazine
fertilizers.
The key players of cyanuric chloride
market are Cangzhou Lingang Yueguo Chemical Co., Ltd., Evonik Industries,
Zaoyang Jinlu Chemical Co Ltd., Syngenta, Hebei Chengxin Co., Ltd., Santa Cruz
Biotechnology, Yingkou Sanzheng Organic Chemical Co. Ltd., Volochem Inc., and
Lonza. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
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