Market Size

The global TAIC (Triallyl Isocyanurate) market was valued at $57.2 million in 2024 and is projected to reach $90.5 million by 2031, with a compound annual growth rate (CAGR) of 6.9% during the forecast period.

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TAIC is a symmetric polyfunctions triazine compound used in crosslinking reactions of synthetic rubbers and plastics and as a raw material for flame retardants, providing enhanced properties like heat resistance, mechanical strength, and weathering resistance.

TAIC (Triallyl Isocyanurate, CAS 1025-15-6) is a symmetric polyfunctions triazine compound, known for its crosslinking capabilities in synthetic rubbers and plastics, as well as its use as a flame retardant. It features a thermally stable triazine ring and offers unique properties that enhance polymer characteristics such as heat resistance, mechanical properties, hydrolysis resistance, and weathering resistance.

Global TAIC (Triallyl Isocyanurate) Market Segment Analysis

The global TAIC (Triallyl Isocyanurate) market, valued at USD 57.2 million in 2024, is expected to experience steady growth, with projections reaching USD 90.5 million by 2031, at a CAGR of 6.9% during the forecast period. TAIC, a symmetric polyfunctional triazine compound (CAS 1025-15-6), is primarily used in crosslinking reactions of synthetic rubbers and plastics. It is also utilized as a raw material for flame retardants. With its thermally stable triazine ring and unique chemical properties, TAIC enhances polymer performance by improving heat resistance, mechanical strength, and resistance to hydrolysis and weathering.

Market Dynamics (Drivers, Restraints, Opportunities, and Challenges):

Drivers:

1. Increasing demand for high-performance polymers in industries like automotive, aerospace, and electronics, driving the adoption of TAIC for crosslinking reactions.

2. Growing emphasis on enhancing product quality and durability in the plastics and rubber industries, leading to the use of TAIC for improved properties.

3. Rising focus on flame retardant materials in construction and electrical applications, creating opportunities for TAIC as a raw material.

Restraints:

1. High production costs of TAIC compared to conventional crosslinking agents may limit its widespread adoption across industries.

2. Stringent regulations regarding the use of chemicals in certain applications, posing compliance challenges for TAIC manufacturers.

3. Limited awareness about the benefits of TAIC among end users, hindering market growth in some regions.

Opportunities:

1. Exploration of new applications for TAIC in emerging industries such as 3D printing and medical devices, opening up new market segments.

2. Increasing investments in research and development to enhance the properties of TAIC and expand its potential applications.

3. Growing focus on sustainable and eco-friendly materials driving the adoption of TAIC as a greener alternative in various industries.

Challenges:

1. Intense competition from alternative crosslinking agents and materials challenging the market share of TAIC in key industries.

2. Fluctuations in raw material prices and supply chain disruptions impacting the manufacturing and pricing of TAIC products.

3. Addressing the need for improved safety standards and handling procedures for TAIC to ensure user safety and regulatory compliance.

Market Segmentation (by Application)

• Plastics

• Rubber

• Others

Market Segmentation (by Type)

• Liquid

• Powder

Key Companies

• Evonik

• Shinryo Corporation (Mitsubishi Chemical)

• FARIDA

• Keliren

• China Star New Materials

• Company A

• Company B

• Company C

Geographic Segmentation

• North America

  • US

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

• Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

• South America

  • Brazil

  • Argentina

  • Rest of South America

• Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa

  • 
    

• US

• Canada

• Mexico

Regional Analysis:

Asia-Pacific: The largest market for TAIC, accounting for 63% of the global market share. China is the leading producer with a 62% share, followed by Europe (28%) and Japan (7%).

North America: Holds an 11% market share, with the U.S., Canada, and Mexico contributing to the regional market.

Europe: Represents 22% of the market share, with key countries like Germany, France, the U.K., Italy, and others playing significant roles.

South America: Markets like Brazil and Argentina are key players in this region.

Middle East & Africa: Markets including Turkey, Israel, Saudi Arabia, and the UAE are driving growth in this region.

Competitor Analysis:

Major Competitors

When looking at the TAIC (Triallyl Isocyanurate) market, key players such as Evonik, Shinryo Corporation (Mitsubishi Chemical), and FARIDA emerge as major competitors. These companies have established a strong foothold in the market and play a significant role in shaping industry trends and developments.

Market Share & Influence

Based on market research, the top three players, including Evonik, hold a substantial share of about 73% in the global TAIC market. This dominance showcases their influence and market presence, making them key players that drive the direction of the market.

Strategies

In terms of strategies, these competitors employ various tactics to maintain and expand their market share. This includes investing in research and innovation to develop new products, forming strategic partnerships to enhance their distribution networks, and implementing competitive pricing strategies to attract customers.

Competitive Positioning

Each of these major competitors has unique strengths that set them apart in the market. Evonik, for example, is known for its focus on sustainable solutions and cutting-edge technology. Shinryo Corporation emphasizes quality and reliability, while FARIDA differentiates itself through a diverse product portfolio. These competitive positions help them stand out and maintain their competitive edge in the TAIC market.

FAQs:

1. What is the current market size of TAIC (Triallyl Isocyanurate) Market?

• The global TAIC (Triallyl Isocyanurate) market was valued at $57.2 million in 2024 and is projected to reach $90.5 million by 2031, growing at a CAGR of 6.9%. TAIC is a compound used for crosslinking synthetic rubbers and plastics, known for its heat resistance, mechanical properties, and resistance to hydrolysis and weathering. Key players include Evonik, Shinryo Corporation, and FARIDA. China leads in production with a 62% share, followed by Europe and Japan. The largest market is Asia-Pacific, followed by Europe and North America.

2. Which key companies operate in the TAIC (Triallyl Isocyanurate) Market?

• The major players in the TAIC market include Evonik, Shinryo Corporation (Mitsubishi Chemical), FARIDA, Keliren, and China Star New Materials. These companies play a significant role in the global TAIC market.

3. What are the key growth drivers in the TAIC (Triallyl Isocyanurate) Market?

• Key factors driving growth in the TAIC market include increasing demand for heat-resistant and high-performance polymers, the rise in usage of synthetic rubber and plastics in various industries, and the need for materials with enhanced mechanical properties and flame retardancy. Technological advancements and product innovations also contribute to market growth.

4. Which regions dominate the TAIC (Triallyl Isocyanurate) Market?

• In terms of market share, Asia-Pacific leads in the TAIC market with around 63%, followed by Europe (22%) and North America (11%). Within Asia-Pacific, China has the highest share of production, while Europe and Japan also have significant market shares. These regions drive the demand and supply dynamics of the TAIC market globally.

5. What are the emerging trends in the TAIC (Triallyl Isocyanurate) Market?

• Emerging trends in the TAIC market include the development of novel applications for TAIC in industries like plastics, rubber, and others. Manufacturers are focusing on research and development to enhance product properties and meet evolving market demands. The market is witnessing increased collaboration among key players and strategic partnerships to expand their market presence and diversify product offerings.

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Table of content

1 Introduction to Research & Analysis Reports
1.1 TAIC (Triallyl Isocyanurate) Market Definition
1.2 Market Segments
1.2.1 Segment by Type
1.2.2 Segment by Application
1.3 Global TAIC (Triallyl Isocyanurate) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global TAIC (Triallyl Isocyanurate) Overall Market Size
2.1 Global TAIC (Triallyl Isocyanurate) Market Size: 2024 VS 2031
2.2 Global TAIC (Triallyl Isocyanurate) Market Size, Prospects & Forecasts: 2020-2031
2.3 Global TAIC (Triallyl Isocyanurate) Sales: 2020-2031
3 Company Landscape
3.1 Top TAIC (Triallyl Isocyanurate) Players in Global Market
3.2 Top Global TAIC (Triallyl Isocyanurate) Companies Ranked by Revenue
3.3 Global TAIC (Triallyl Isocyanurate) Revenue by Companies
3.4 Global TAIC (Triallyl Isocyanurate) Sales by Companies
3.5 Global TAIC (Triallyl Isocyanurate) Price by Manufacturer (2020-2025)
3.6 Top 3 and Top 5 TAIC (Triallyl Isocyanurate) Companies in Global Market, by Revenue in 2024
3.7 Global Manufacturers TAIC (Triallyl Isocyanurate) Product Type
3.8 Tier 1, Tier 2, and Tier 3 TAIC (Triallyl Isocyanurate) Players in Global Market
3.8.1 List of Global Tier 1 TAIC (Triallyl Isocyanurate) Companies
3.8.2 List of Global Tier 2 and Tier 3 TAIC (Triallyl Isocyanurate) Companies
4 Sights by Product
4.1 Overview
4.1.1 Segment by Type - Glob

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