Triallyl isocyanurate is useful as a crosslinking agent having excellent heat resistance and chemical resistance, and it is expected to use TAIC in extensive applications such as electronic materials, liquid crystals, semiconductors and solar cells. It is present in the form of a viscous liquid (melting point: 26° C.) at an ordinary temperature and is derived by reacting cyanuric chloride with allyl alcohol to obtain triallyl cyanurate. Globally, development of efficient and advanced technology, rising demand from industrial sector, flourishing automotive industry, and advantageous properties of triallyl isocyanurate such as, heat resistance, mechanical characterstics, hydrolytic resistance, and weather resistance are the prime growth drivers of the triallyl isocyanurate market. In addition, increase in adoption of triallyl isocyanurate for application in new industrial verticals, and emerging economies such as China, India and others, will create new opportunities for the triallyl isocyanurate market. However, volatile prices and availability of raw materials, availability of substitute compounds, and higher cost of triallyl isocyanurate as compared to conventional chemicals are the key restraints for the triallyl isocyanurate market.
Geographically, Asia Pacific dominated the triallyl isocyanurate market, followed by North America. Asia Pacific is projected to have the fastest growth, owing to a rapidly increasing automobile industry, rise in industrial sector, and growing healthcare applications in developing nations such as China, and India in this region. Among all the applications, rubber industry segment has the highest market share in the triallyl isocyanurate market due to a spur in automotive industry.
This report identifies the triallyl isocyanurate market size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the triallyl isocyanurate market.
This report segments the triallyl isocyanurate market on the basis of application, and regional market as follows:
The report has focused study on triallyl isocyanurate market by basis of application such as: Automotive, Aerospace, Defence, Consumer Goods, Rubber Industry, Plastic Products, & Others
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the triallyl isocyanurate market. Some of the major companies’ profiles in detail are as follows:
The DOW Chemical Company
PAN Asia Chemical Corporation
Croda International PLC.
Idemitsu Kosan Co.
Huntsman International Llc