Global Trichloroisocyanuric Acid Market Projected to Grow at 2.3% CAGR through 2022

Recently a new insightful report based on trichloroisocyanuric acid titled “Global Trichloroisocyanuric Acid Market Outlook 2017-2022” has been submitted to the repository of Market Research Hub (MRH). The report analyzes historical trends from 2012 to 2016 and forecasts future prospects from 2017 to 2022 of global trichloroisocyanuric acid market. It is estimated that the global market is anticipated to grow at over 2.3% CAGR during the assessment period 2017 – 2022, according to the report. The market will continue to be influenced by a range of macro-economic and micro-economic factors. Regulations and trade policies are also likely to have an impact on the growth of the market during the assessment period.

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The report offers detailed qualitative analysis on the key factors that are impacting the growth of the market. The qualitative analysis comprises information on drivers, restraints, opportunities, and threats that are shaping the demand for trichloroisocyanuric acid. The qualitative section also offers lucid information on the key market dynamics that are influencing the strategies of players in this market.    

The global trichloroisocyanuric acid market has been categorized into various segments and sub-segments to capture detailed insights. These segments are applications and region. The application segment is further categorized as industrial, water treatment, household and agriculture & aquaculture. Region wise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America.

According to the report, Asia Pacific and North America are among the key markets for trichloroisocyanuric acid market globally. The demand in Asia Pacific continues to remain concentrated in China and India, whereas US accounts for bulk of the demand in the US. Although the outlook on the market in Asia Pacific remains positive, stringency in regulations and environment laws can influence manufacturers to adapt to a changing landscape.

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The recent action taken by Chinese authorities against companies flouting environmental regulations has compelled many players to change their standard operating procedures. Although these actions are necessary for creating sustainable growth in the long run, they can induce a correction in the market in the short run.

The report also offers detailed competitive analysis on the key players operating in the market. The detailed competitive landscape offered in the report focuses on the business and product strategies of key players. Some of the major companies operating in the global market are Ercros, Kangtai Chemical, Nissan Chemical, Clearon Corp, Jiheng Chemical, OxyChem, Nankai Chemical and Shikoku Chemicals. These companies have been analyzed on the basis of their financials, and product and business strategies.

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This release was published on openPR.