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2021
Cyanuric Acid Market

Cyanuric Acid Market by Type (Particle Cyanuric Acid, and Powdered Cyanuric Acid), and Application (Fine chemicals Industry, and synthetic resin): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13823
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Dec 2021 | 37 Views
   
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COVID-19

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Cyanuric acid is a chemical compound with a chemical formula (CNOH)3. Cyanuric acid is also called as 1,3,5-triazine-2,4,6-triol. Cyanuric acid is an odorless white crystalline hydroscopic powder, slightly soluble in common organic solvents such as acetone, benzene, diethyl ether, hexane, ethanol. Cyanuric acid is present in a dry powder form, pellet form, and also sometime in liquid form depending upon the application. It is also called stabilizer, having different usage such as it is used in the preparation of high performing magnetic wire enamels, and in electric varnishes, plastic with better quality, flame retardant resin and solid lubricants, and others. Cyanuric acid is also used in the pharmaceutical and industrial application for bleaches, disinfectants, and herbicides. Cyanuric acid is also commonly referred as the chlorine stabilizer or conditioner as it forms a weak chemical bond and temporary bond with chlorine.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020-2030

   Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Product, End User Industry, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

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

 

COVID-19 Impact analysis

  • COVID-19 has affected the global economy and similarly it also hampered the cyanuric acid by its financial impact on firms and financial markets.
  • The lockdown situation has brought about the shutdown of various manufacturing units of cyanuric acid which brought about a decline in sales of cyanuric acid.
  • Due to the COVID-19 outbreak globally, most of the industry where cyanuric acid is used as component in manufacturing is affected due to supply chain disruption.
  • Economics of the cyanuric acid market is expected to return on track, owing to its application in a variety of end-use industries such as fine chemicals Industry, and synthetic resin.

Top Impacting Factors
The rise in demand for bleaches, disinfectants in the pharmaceutical industry due to the surge in concern toward the safety owing the disease caused by novel corona virus, which in turn is expected to increase the demand for cyanuric acid in the global market. Cyanuric acid is used as a chlorine stabilizer in swimming pools and is used as a precursor to N-chlorinated cyanurates, which are used to disinfect water and crosslinking agents for polyurethane resins which is one of the driving factors of the market. However, cyanuric acid offers low level of toxicity without any serious health concerns, having high levels of this chemical in a pool puts people into a risk of the chlorines diminished ability to kill bacterial and viruses which is the limitation for the use of the cyanuric acid. 
Market Trends

  • A revolutionary development of the product in the market by Bio-Active Products Inc. an advanced product called cyanuric acid reducer with the partnership with the BiOWiSH Technologies, which reduced the cyanuric acid levels in pools with no residue left behind.
  • China is the leading producer of the world cyanuric acid and around worlds more than 75% of the capacity is concentrated in the China itself, which is the major dominator in the market.

Key Segments Covered
Type

  • Particle Cyanuric Acid
  • Powdered Cyanuric Acid

Application

  • Fine Chemicals Industry
  • Synthetic Resin
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cyanuric acid market share.
  • The current market is quantitatively analyzed from 2019 to 2030 to highlight the cyanuric acid market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed cyanuric acid market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the cyanuric acid Report

  • Who are the leading market players active in the cyanuric acid market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • Which Government regulations might challenge the status of key regional markets?
  • What are the key barriers to enter for the new players in the market?
  • What value proposition should businesses aim at while making new research and development funding?
     
 
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