Triallyl Isocyanurate Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The triallyl isocyanurate market witnessed substantial growth from 2018 to 2022, driven by its increasing use in various industries such as automotive, construction, and chemical production. During this period, global demand surged due to the versatile applications of triallyl isocyanurate (TAIC) as a crosslinking agent and stabilizer in polymer manufacturing. Key markets such as North America, Europe, and Asia-Pacific have been witnessing significant demand for TAIC-based products, owing to their excellent chemical and thermal resistance properties, which are vital for automotive parts and advanced coatings. The growing adoption of eco-friendly materials and sustainability concerns also contributed to the rise in the usage of triallyl isocyanurate in many applications.
As we transition into the forecast period from 2023 to 2033, the demand for triallyl isocyanurate is expected to experience a steady increase, albeit at a slightly moderated pace compared to the previous years. While the market remains lucrative, challenges such as raw material price fluctuations and environmental regulations on chemical manufacturing could impact production costs. However, with the rising demand for high-performance materials in industries such as electronics, packaging, and renewable energy systems, triallyl isocyanurate is projected to continue its upward trajectory in the coming decade. In addition to automotive and construction, its potential in emerging applications like photovoltaic panels and biodegradable plastics is anticipated to fuel further market expansion.
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Evonik
Hunan Farida Chemical
Hangzhou Keliren
Xiamen Hongjin
Sanji Chemical
Shanghai Meicheng Chemical
Shanhai Shuangguang Chemical
Beijing Ouhe Technology
Hunan Lide Technology New Materials
Xiamen Hongjin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Triallyl Isocyanurate Market
Thermoplastic
Special Rubber
Ion Exchange Resin
Others
Based on Types the Market is categorized into Below types that held the largest Triallyl Isocyanurate market share In 2023.
Oily Liquid
Crystals
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Triallyl Isocyanurate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Triallyl Isocyanurate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Triallyl Isocyanurate Market, By Type
6. Global Triallyl Isocyanurate Market, By Application
7. Global Triallyl Isocyanurate Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Triallyl Isocyanurate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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