Global Cyanuric Chloride Market Outlook 2017-2022

Global cyanuric chloride market is estimated to expand at a substantial CAGR of 2.3% by 2022 as the scope, product types, and its applications are increasing across the globe. Cyanuric chloride is an organic compound with the structural formula (NCCl)3. It is the trimer of cyanogen chloride. Cyanuric chloride is used mainly as an intermediate for the manufacturing of pigments, herbicides, and optical brighteners, dyestuffs, and plastic additives.

The factors that propel the growth of the cyanuric chloride market include high demand from end-user industries, increasing demand, expansion of application industries, technological progressions, growing urbanization, and changing eating habitat. On the other hand, there are factors that may hamper the growth of the market including an increase in the preference of organic & environment-friendly pesticides, and ill effects on human beings.
 
Cyanuric chloride market could be explored by-product, processes, application, and geography. This market may be explored byproduct as Cyanuric Chloride 99% and Cyanuric Chloride 98%. Market may be explored by process as Hydrogen Cyanide Route and Sodium Cyanide Route. Market could be explored based on the application as Agrochemicals, Plastics, Optical Brighter, and Dyes & Pigments. 

Cyanuric chloride market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific accounted for the major share of the market in 2016 and will continue to lead in the forecast period. The key factors that could attributed to the growth of market include growing agriculture in China & India, the presence of developing economies, and development of application industry and production unit expansion by the market players. Asia-Pacific is followed by the North American region and show moderate growth in the forecast period. 

The key players contributing to the robust growth of the cyanuric chloride market comprise Santa Cruz Biotechnology, Evonik Industries, Syngenta, Lonza, Volochem Inc, Hebei Chengxin Co., Ltd., Yingkou Sanzheng Organic Chemical Co. Ltd., Cangzhou Lingang Yueguo Chemical Co., Ltd, and Zaoyang Jinlu Chemical Co Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Cyanuric chloride is an organic compound with the formula (NCCl)3. It is the trimer of cyanogen chloride. Cyanuric chloride is used primarily as an intermediate for the manufacturing of herbicides, pigments and dyestuffs, optical brighteners and plastic additives.

The five-year forecast for the cyanuric chloride (108-77-0) market shows a slow Compound Annual Growth Rate (CAGR) of 2.3 percent driven by increased demand from the Agrochemicals, Optical Brighter, Dyes & Pigments, Plastics segment, according to a new report published by Gen Consulting Company.

The report covers forecast and analysis for the cyanuric chloride market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the cyanuric chloride market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cyanuric chloride market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global cyanuric chloride market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the Agrochemicals, Optical Brighter, Dyes & Pigments, Plastics, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global cyanuric chloride market.

Key Processes
• Sodium Cyanide Route
• Hydrogen Cyanide Route

Key Applications
• Agrochemicals
• Optical Brighter
• Dyes & Pigments
• Plastics

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
• Evonik
• Hebei Chengxin
• Jinlu
• Lonza
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Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global cyanuric chloride market?
• What are the challenges to market growth?
• Who are the key players in the cyanuric chloride market?
• What are the market opportunities and threats faced by the key players?