Market Overview:
The global tris(2-hydroxyethyl) isocyanurate (THEIC) market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The other type segment is projected to be the fastest growing segment in the global THEIC market during the forecast period. This can be attributed to its increasing demand from end-use industries such as paints and coatings, polyvinyl chloride (PVC) stabilizers, and others. Asia Pacific is expected to be the fastest growing region in terms of revenue growth during the forecast period.
Product Definition:
The Tris(2-hydroxyethyl) isocyanurate (THEIC) is a chemical compound that is used as a preservative in food and cosmetics. It has been found to be effective against bacteria, yeast, and fungi.
Powder:
Powder is a granular solid, which is made up of polymers and fillers. It can be used as raw material for THEIC production or it can be used in its own right as an end product. The major applications of powder are in the production of adhesives, sealants, coatings and elastomers (CASE) along with other niche applications such as electrical insulation and thermal barrier coatings.
Other:
Other is a generic name for all kinds of chemicals that are used as additives in THEIC. It includes polyols, amines, alcohols and phenols. Other than theocyanates (N-Theyl Theine), it is the most common additive used in THEIC.
Other than being an important additive for THEIC, other chemicals such as alcohols and phenols also have applications in other end-use industries such as pharmaceuticals and cosmetics among others.
Application Insights:
Paints was the leading application segment and accounted for over 40% of global market volume in 2017. Paints are used to protect metal surfaces from corrosion, oxidation and abrasion. Tris(2-hydroxyethyl) isocyanurate based paints offer superior adhesion, weathering resistance, chemical resistance as well as hardness which makes them highly suitable for industrial applications.
The product has excellent heat & cold stability which makes it ideal for use in hot& cold climate regions such as North America and Europe. It also offers low odor & VOC emissions when compared to other chemicals commonly used in the industry such as methylenebis (Di-2-Hydroxyethyl Isocyanate).
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities in emerging economies such as China, India, Indonesia, Malaysia and Thailand. In addition, increasing demand for paints & coatings that are resistant to moisture and corrosion is anticipated to drive THEIC industry growth over the forecast period.
The Europe market was valued at USD X billion in 2016 owing to high consumption of THEIC powder used as an electrical insulator along with other applications such as wood adhesives & sealants and polyvinylchloride (PVC) stabilizers used for preventing warpage or yellowing of PVC products during storage or transportation resulting from moisture absorption coupled with exposure to sunlight or temperature fluctuations present across countries like Germany, France Italy Russia Spain U.K., etc.).
Growth Factors:
- Increasing demand for THEIC in various end-use industries on account of its excellent properties such as thermal stability, flame retardancy, and low smoke generation.
- Growing awareness about the benefits of using THEIC over other conventional flame retardants is expected to fuel the market growth.
- Rising demand for polyurethane foam in construction and automotive sectors is anticipated to create lucrative opportunities for THEIC market players.
- Stringent government regulations pertaining to fire safety are likely to propel the use of THEIC as a flame retardant additive across various industries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Research Report
By Type
Powder, Other
By Application
Insulating Varnishes, Paints, Polyvinyl Chloride Stabilizers, Other
By Companies
Shikoku Chemicals, Yangzhou SanDeLi Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Report Segments:
The global Tris(2-hydroxyethyl) isocyanurate (THEIC) market is segmented on the basis of:
Types
Powder, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Insulating Varnishes, Paints, Polyvinyl Chloride Stabilizers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shikoku Chemicals
- Yangzhou SanDeLi Chemical
Highlights of The Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Other
- By Application:
- Insulating Varnishes
- Paints
- Polyvinyl Chloride Stabilizers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tris(2-hydroxyethyl) isocyanurate (THEIC) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tris(2-hydroxyethyl) isocyanurate (THEIC) is a two-component urethane resin. It is used as a curing agent in polyurethanes and other synthetic materials.
Some of the major companies in the tris(2-hydroxyethyl) isocyanurate (theic) market are Shikoku Chemicals, Yangzhou SanDeLi Chemical.
The tris(2-hydroxyethyl) isocyanurate (theic) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Tris(2-hydroxyethyl) isocyanurate (THEIC) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Tris(2-hydroxyethyl) isocyanurate (THEIC) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Size & Forecast, 2020-2028 4.5.1 Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Size and Y-o-Y Growth 4.5.2 Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Powder
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Insulating Varnishes
6.2.2 Paints
6.2.3 Polyvinyl Chloride Stabilizers
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tris(2-hydroxyethyl) isocyanurate (THEIC) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Powder
9.6.2 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Insulating Varnishes
9.10.2 Paints
9.10.3 Polyvinyl Chloride Stabilizers
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Powder
10.6.2 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Insulating Varnishes
10.10.2 Paints
10.10.3 Polyvinyl Chloride Stabilizers
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Powder
11.6.2 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Insulating Varnishes
11.10.2 Paints
11.10.3 Polyvinyl Chloride Stabilizers
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Powder
12.6.2 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Insulating Varnishes
12.10.2 Paints
12.10.3 Polyvinyl Chloride Stabilizers
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Powder
13.6.2 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Insulating Varnishes
13.10.2 Paints
13.10.3 Polyvinyl Chloride Stabilizers
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tris(2-hydroxyethyl) isocyanurate (THEIC) Market: Competitive Dashboard
14.2 Global Tris(2-hydroxyethyl) isocyanurate (THEIC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shikoku Chemicals
14.3.2 Yangzhou SanDeLi Chemical