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Hydrogen cyanide is an effective process for the manufacturing of cyanuric chloride owing to the cheap manufacturing process and low raw material costs as compared to sodium cyanide. Cyanuric chloride of different purity levels is available in the market and consumed for various end-use applications such as lubricants, agrochemicals, additives, paper, textiles, etc. On the basis of opportunity, cyanuric chloride is used as a material of choice for the manufacturing of herbicide atrazine which falls under triazene class pesticides.
Market Dynamics: Cyanuric Chloride Market
The increase in demand for cyanuric chloride is expected to gain traction in the market in various end-use industries. Cyanuric chloride requires lower production costs as compared to its substitutes. It shows significant efficiency and is easy-to-use in any application. Furthermore, the growth of end-use applications, coupled with technological developments is estimated to drive the growth of cyanuric chloride in the near future. On the basis of application share, the agrochemicals segment is expected to witness more than two-third market share in terms of value and volume.
The consumption of cyanuric chloride in agrochemical applications is increasing owing to the population growth. Some of the factors which can hamper the market growth are stringent regulations in Western Europe over the consumption of cyanuric chloride as an agrochemical and the introduction of substitutes for cyanuric chloride which are currently in the primary stage, but are set to launch in the global as well as in the regional market.
Regional Outlook: Cyanuric Chloride Market
On the basis of geographical perspective, the Asia Pacific is one of the key regions for the cyanuric chloride market during the forecast period. In the Asia Pacific, China is one of the prime markets in terms of demand and supply of cyanuric chloride. The market is estimated to be driven by the expansion of end-use applications and manufacturing unit expansion by key players. Additionally, the increasing agriculture sector in China as well as in India is expected to drive the market in the coming future.
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North America is projected to witness moderate growth due to the interest of key manufactures towards acquisition. Owing to stringent government regulations over the use of atrazine fertilizers, Western Europe is estimated to witness weak growth in the coming assessment period. Emerging economies such as the Middle East & Africa and Latin America are expected to witness moderate growth as compared to the North America region.
Some of the key players in the cyanuric chloride market are-
- Lonza Corporation
- Evonik Industries
- Syngenta
- Hebei Chengxin Co., Ltd.
- Volochem In
- Santa Cruz Biotechnology
- Yingkou Sanzheng Organic Chemical Co. Ltd.
- Cangzhou Lingang Yueguo Chemical Co., Ltd
- Zaoyang Jinlu Chemical Co Ltd
The research report presents a comprehensive assessment of the cyanuric chloride market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. The cyanuric chloride report also contains projections using a suitable set of assumptions and methodologies. The cyanuric chloride report provides analysis and information according to market segments such as geographies, application, and industry.
The cyanuric chloride report covers exhaust analysis on:
- Cyanuric Chloride Market Segments
- Cyanuric Chloride Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology
- Value Chain
Cyanuric Chloride Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The cyanuric chloride report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with cyanuric chloride market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The cyanuric chloride market is segmented on the basis of purity, manufacturing process, and application.
On the basis of purity, the cyanuric chloride market segmented as-
- High Purity (Above 99%)
- Low Purity (Below 99%)
On the basis of additive type, the cyanuric chloride market segmented as-
- Hydrogen Cyanide
- Sodium Cyanide
On the basis of application, the cyanuric chloride market segmented as-
- Plastic
- Chemical Additives
- Agrochemicals
- Textile
- Dyes & Pigments
- Other
Cyanuric Chloride Report Highlights:
- Detailed overview of the parent market
- Changing dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on the cyanuric chloride market performance
- Must-have information for market players to sustain and enhance their market footprint.