What is Global Cyanuric Acid Market?
The Global Cyanuric Acid Market is a vast and complex entity that encompasses a wide range of products and applications. Cyanuric Acid, also known as 1,3,5-triazine-2,4,6-triol, is a chemical compound that is widely used in various industries due to its unique properties. It is a type of triazine that is used as a stabilizer in outdoor swimming pools and hot tubs. It is also used in the production of bleaches and disinfectants, herbicides, and resins. The global market for Cyanuric Acid is vast and diverse, with numerous players operating at various levels of the supply chain.
Particle Cyanuric Acid, Powdered Cyanuric Acid in the Global Cyanuric Acid Market:
The Global Cyanuric Acid Market is segmented based on the type of Cyanuric Acid, which includes Particle Cyanuric Acid and Powdered Cyanuric Acid. Particle Cyanuric Acid is a granular form of the compound that is often used in swimming pool water treatment. It helps to stabilize chlorine levels in the water, preventing them from being depleted by sunlight. On the other hand, Powdered Cyanuric Acid is a fine, white powder that is soluble in water and other polar solvents. It is used in various applications, including the production of resins, plastics, and coatings. Both types of Cyanuric Acid have their unique properties and uses, and their demand varies based on the requirements of different industries.
Fine Chemicals, Synthetic Resin, Others in the Global Cyanuric Acid Market:
Cyanuric Acid is used in a variety of applications, including Fine Chemicals, Synthetic Resin, and Others. In the Fine Chemicals industry, Cyanuric Acid is used as a raw material in the production of various chemicals. It is also used as a stabilizer in the production of chlorine-based disinfectants. In the Synthetic Resin industry, Cyanuric Acid is used in the production of melamine resins, which are used in a variety of applications, including laminates, adhesives, and coatings. Other applications of Cyanuric Acid include its use in the production of herbicides, where it acts as a precursor to the active ingredient.
Global Cyanuric Acid Market Outlook:
The Global Cyanuric Acid Market is a dynamic and evolving entity. As of 2022, the market was valued at US$ 675.2 million. It is projected to grow at a steady pace, reaching a value of US$ 688.4 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 0.5% during the forecast period of 2023-2029. The market is dominated by a few key players, with the top three companies accounting for about 32% of the market share. China is the largest market for Cyanuric Acid, holding a significant 76% of the global market share.
| Report Metric | Details |
| Report Name | Cyanuric Acid Market |
| Accounted market size in 2023 | US$ 675.2 million |
| Forecasted market size in 2030 | US$ 688.4 million |
| CAGR | 0.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
