Industry Background:
Cyanuric acid is the enol tautomer of isocyanuric acid. It is a tautomer of an isocyanuric acid and a member of 1,3,5-triazines and a heteroaryl hydroxy compound. It is widely used in the pool industry. Cyanuric Acid is known as a chlorine stabilizer or pool conditioner. This acid reduces the sun's impact on chlorine loss. It kills bacteria and sanitizes the water. It is witnessing huge demand as it offers a low level of toxicity without any serious health concerns. Thus, the demand for Cyanuric acid continues to rise. Increasing number of water parks, and pools at hotels & resorts driving the demand for the market. Owing to huge demand from end-use industries, the cyanuric acid market is expected to grow at a substantial growth rate. Geographically, rising pharmaceutical and cosmetics industry expenditure in the Asia Pacific region has impacted the demand in the region in a positive manner.
According to AMA Research, the market for Cyanuric Acid is expected to register a CAGR of 2.7% during the forecast period to 2028. This growth is primarily driven by Rising Demand for Cyanuric Acid in Pharmaceutical Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Merck KGaA (Germany), Mitsubishi Chemical (Japan), BASF (Germany), Fengchen Group (United Kingdom), Wego Chemical Group (Germany), ADA Handel & Dienstleistung Gmbh (Germany), Jason Chemicals Solution Ltd. (China), Shandong Wolan Biology Group. (China), Puyang Qianruida Chemical Company Ltd (China) and Lepid Life Sciences Pvt Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2009, BASF completed the acquisition of Ciba Specialty Chemicals, a company specializing in specialty chemicals for various industries. This acquisition expanded BASF's portfolio of high-value chemicals and strengthened its position in areas such as coatings, plastics, and additives.
Merck KGaA has been focusing on the development of advanced materials with unique properties for various applications. This includes specialty chemicals for electronics, high-performance pigments, and cosmetics ingredients, and innovative materials for the automotive and construction industries.Manufacturers can differentiate their cyanuric acid products by focusing on specific attributes such as purity, quality, and consistency. This can involve investing in advanced production techniques, quality control measures, and certifications to position their products as premium or specialized options in the market. Moreover. the players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Regulatory Insights:
European Standard specifies a method for the determination of melamine and cyanuric acid in foodstuffs with liquid chromatography in combination with tandem mass spectrometry. The method has been validated in an interlaboratory study via the analysis of spiked samples of milk-based infant formula, soy-based infant formula, milk powder, whole milk, soy drink, and milk chocolate ranging from 0,71 mg/kg to 1,43 mg/kg for melamine and 0,57 mg/kg to 1,45 mg/kg for cyanuric acid. The limits of quantification (LOQ) for melamine and cyanuric acid in food are 0,05 mg/kg and 0,25 mg/kg, respectively. The upper limit of the working range is up to 10 mg/kg for melamine and up to 25 mg/kg for cyanuric acid.
Influencing Trend:
Growing Preference for the Power Form of Cyanuric Acid is expected to Gain the Highest Market Share
Market Growth Drivers:
Rising Demand for Cyanuric Acid in Pharmaceutical Industry and Increasing Industrial Infrastructure of the Chemical Industry
Challenges:
Availability of Alternatives and Supply Chain Disruption Owing to the Pandemic
Restraints:
Harmful to Skin in Higher Concentration
Opportunities:
Rising Cosmetics Industrial Infrastructure of Asia Pacific Region and Increasing R & D Investments from Market Players across Industries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cyanuric Acid Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cyanuric Acid Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cyanuric Acid players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cyanuric Acid Study Sheds Light on
The Cyanuric Acid Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cyanuric Acid industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cyanuric Acid industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.