Triallyl Isocyanurate Market with Current Trends Analysis, 2016-2026

Triallyl isocyanurate is used as a cross linking in the manufacture of agrochemicals, flame retardants and synthetic rubbers. It is synthesized by gradually adding cyanuric chloride to excess of alcohol or allyl chloride in the presence concentrated aqueous phase. For various applications, triallyl isocyanurate can be blended to change its chemical and physical properties. For instance, brominated form triallyl isocyanurate is used in the manufacture of flame retardants based on olefin and styrene resins. Using triallyl isocyanurate in the end products provides it with resistance to heat and weather. It improves the product’s heat stability and dispersibility. It is also used as a polymerization of divinylbenzne and methacrylate which finds application in artificial kiadneys as an adsorbent of urea. Triallyl isocyanurate can be also used in the high performance liquid chromatography (HPLC) to create chiral stationary phase that is used in resolution of amino acids. It is also used in the formulation of water treatment chemicals. End use industries of triallyl isocyanurate include agrochemicals, synthetic rubber and flame retardant.

Triallyl Isocyanurate Market: Drivers and Challenges

Growing agriculture sector globally is expected to drive the triallyl isocyanurate market. Growing food demand is expected to drive the agriculture sector. The need to fulfill the food demand has led to implement ways to avoid the food spoilage and wastage. Integrated Pest Management (IPM) has incorporated agrochemicals such as fungicides as the major component to avoid the food spoilage and wastage. Furthermore, rising demand from automotive industry is expected to drive the triallyl isocyanurate market. Triallyl isocyanurate is used in the manufacture of tires and various other small components such as gaskets, soles and others. The cost of synthetic rubber is low as compared to the natural rubbers and also provides high efficiency, ease of processing and advantageous properties. Automotive industry is driven by changing lifestyle and rising disposable income in developing countries of Asia Pacific. Additionally, growth in footwear industry across the globe is anticipated to boost the market. Synthetic rubbers manufactured using triallyl isocyanurate are used in the manufacture of soles and used as an elastomer in the raw materials of footwear.

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However, acute toxicity of the triallyl isocyanurate to human is expected to hamper the market growth. It is being regulated with the Code of Federal regulations set by the Food and Drug Administration as triallyl isocyanurate is used as a cross linking agent for plastic that are used in the food packaging.

Triallyl Isocyanurate Market: Segmentation

Triallyl isocyanurate market is segmented on the basis of application and region. Based on application, the market can be segmented into rubber, plastics and others. By region, the triallyl isocyanurate market can be segmented into North America, Latin America, Asia Pacific, Western Europe, Eastern Europe, Middle East and Africa and Japan.

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Triallyl Isocyanurate Market: Regional Outlook

Asia Pacific emerged as the largest market for triallyl isocyanurate in terms of consumption and production. Rising demand for synthetic rubbers from automotive industry and footwear industry is expected to drive the triallyl isocyanurate market in the region. Furthermore, growing agriculture industry is contributing significantly to the demand of triallyl isocyanurate. North America followed the Asia Pacific in terms of consumption. Automotive industry and agriculture are the major end-use industries of triallyl isocyanurate in the region. The demand for triallyl isocyanurate in North America is expected to grow at a moderate pace in the next few years. Europe is expected to show sluggish growth in the next few years as triallyl isocyanurate is acutely toxic to human and health regulations in the region are very stringent.

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Triallyl Isocyanurate Market: Key Players

Global triallyl isocyanurate market is characterized by high level of consolidation. The market have experience significant level of mergers and acquisitions in the last few years. Major players have maintained presence across value chain by integrating forward and backward. Key players in triallyl isocyanurate market include ECEM European Chemical Marketing bv, Evonik Industries AG, Liuyang Leader Materials&Technology Co., Ltd., Hunan Yixiang Chemical Industrial Co., Ltd. and Beijing Credit New Material Co., Ltd.

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