Chemically, cyanuric acid is represented by the formula (CNOH) 3. Cyanuric acid is also known as 1, 3, 5-triazine-2, 4, 6-triol. It is an aroma-free white crystalline hygroscopic powder that is slightly soluble in common organic solvents like acetone, benzene, diethyl ether, hexane, and ethanol. Cyanuric acid is available in the form of dry powder, pellet, and liquid form sometimes with regards to its application.
COVID-19 Impact & Market Status
The unforeseen unfolding of the Wuhan-originated fatal virus named COVID-19 in early 2020 affected the global economy in infinite ways and so did the industry of cyanuric acid by attacking its financial front. The worldwide lockdown situation brought a lot of cyanuric acid manufacturing units to their knees which led to a decline in sales of cyanuric acid. It was owing to the COVID-19 epidemic, several industries where cyanuric acid is used as a component in manufacturing were influenced followed by the disruptions in the supply chain. However, in the post lockdown era, the Economics of the cyanuric acid market has been seen getting back on the track followed by its application in various end-use industries like the chemicals industry, and synthetic resin.
Asia Pacific region holds the largest stake in the market
China is the leading manufacturer of cyanuric acid across the world. The 75% of cyanuric acid capacity is concentrated in China itself, thus it is the which is the chief dominator in the market. The Asia Pacific region has a comparatively higher market stake in the cyanuric acid market, particularly in the countries like India and China. China is most likely to retain its position of supremacy in the next few years.
The global Cyanuric Acid market was valued at USD 250 million in 2021 and is anticipated to reach USD 330 million by the end of 2029, growing at a CAGR of 5 % over the forecast period I,e 2022-to 2029.
Cyanuric acid, commonly known as a stabiliser, is used for a variety of purposes, including the creation of electric varnishes, solid lubricants, flame-retardant resin, better-quality plastic, and high-performing magnetic wire enamels. For the production of bleaches, disinfectants, and herbicides, cyanuric acid is utilised in both industrial and pharmaceutical applications. As it creates a weak and transient chemical interaction with chlorine, cyanuric acid is typically thought of as either a chlorine stabiliser or conditioner.
The surge in demand for bleaches and disinfectants in the pharmaceutical industry is due to the rise in concern towards the protection against the fatal Virus COVID-19. This, subsequently, accelerated the demand for cyanuric acid across all countries worldwide. Cyanuric acid is also used in these applications as a chlorine stabiliser in swimming pools and as a precursor to N-chlorinated cyanurates, which are used as water disinfectants and crosslinking agents for polyurethane resins. Therefore, it is also playing a contributing factor to the demand for cyanuric acid across all industries worldwide.
A high concentration of cyanuric acid in a pool puts people's lives in danger because chlorine's capacity to destroy bacteria and viruses is reduced, despite the fact that this chemical has a low toxicity level and no major adverse effects on human health. As a result, it is projected that it will slow market expansion in the years to come.
The key players of the cyanuric acid include Hebei JiHeng Chemical, Wolan Biology, MingDa Chemical, Hebei FuHui Chemical, Hebei Haida Chemical, BaoKang Chemical, Jingwei Chemical, Huawei Chemical, DaMing Science and Technology, and Shandong XingDa Chemical.
The latest innovation in the Global Cyanuric Acid Market: a Snapshot
- Cyanuric acid reducer is the revolutionary development in the global market Cyanuric acid reducer is the revolutionary development of cyanuric acid in the global market by a partnership between Bio-Active Products Inc. and BiOWiSH Technologies by the partnership between Bio-Active Products Inc. and BiOWiSH Technologies. It is developed with the intent to minimize the cyanuric acid levels in pools with no residue left behind.
Cyanuric Acid Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 330 million|
|Growth Rate||CAGR of 5 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Hebei JiHeng Chemical, Wolan Biology, MingDa Chemical, Hebei FuHui Chemical, Hebei Haida Chemical, BaoKang Chemical, Jingwei Chemical, Huawei Chemical, DaMing Science and Technology, and Shandong XingDa Chemical|
Key Segments of the Global Cyanuric Acid Market
Type Overview, 2022-2029 (USD Million)
- Particle Cyanuric Acid
- Powdered Cyanuric Acid
Application Overview, 2022-2029 (USD Million)
- Fine Chemicals Industry
- Synthetic Resin
Regional overview, 2022-2029 (USD Million)
- North America
- The US
- Rest of Europe
- The Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa