PUBLISHER: Allied Market Research | PRODUCT CODE: 1566834
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566834
Triglycidyl Isocyanurate (TGIC) Market By Grade (Electronic Grade, Industrial Grade) , By Application (Powder Coating, Printed Circuit Board (PCB) , Electrical Insulation, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
The triglycidyl isocyanurate (TGIC) market was valued at $1.1 billion in 2023, and is projected to reach $2.8 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.
Triglycidyl isocyanurate is a curing agent used in powder coatings, particularly in the automotive, furniture, and appliance industries. TGIC facilitates the cross-linking process during the curing stage, which results in a hard, resilient finish that is resistant to weathering, chemicals, and physical wear & tear.
The growth of the global triglycidyl isocyanurate (TGIC) market is majorly driven by expansion of the automotive industry. This is attributed to the fact that the automotive sector continues to be a significant consumer of TGIC-based powder coatings due to their superior performance in high-temperature and harsh environmental conditions. In addition, increase in R&D activities have led to the advent of smart coatings that exhibit additional functionalities such as self-healing, anti-corrosion, and anti-microbial properties, which are expected to notably contribute toward the growth of the global market.
However, health and environmental concerns associated with TGIC hamper the growth of the global market. For instance, the potential of TGIC to cause skin sensitization and respiratory issues and implementation of safety guidelines pertaining to the use of chemicals in manufacturing are shifting the preference of industries to non-TGIC powder coatings, thus restraining the market growth.
On the contrary, increase in adoption of sustainable practices withing the coatings industry is notably contributing toward the growth of the market. For instance, manufacturers are focusing on the formulation of bio-based and low-VOC coatings.
The global triglycidyl isocyanurate (TGIC) market is segmented market into grade, application, and region. By grade, the market is bifurcated into electronic grade and industrial grade. By application, the market is categorized into powder coating, printed circuit board (PCB) , electrical insulation, and others. Region-wise the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By grade, the industrial grade segment held the highest market share in 2023 and is expected to maintain its leadership status throughout the forecast period.
Depending on application, the powder coating segment was the major shareholder in 2023.
Region wise, Asia-Pacific was the major revenue generator in 2023.
Competition Analysis
The competitive analysis and profiles of the major players in the global triglycidyl isocyanurate (TGIC) Market include Akash Coating Speciality, ATAMAN Kimya A.S., Bellrock Chemical Inc., Henan GP Chemicals Co., Ltd., Hoyonn Group, Huangshan Huahui Technology Co., Ltd., HUANGSHAN JINFENG INDUSTRIAL CO.,LTD., Silver Fern Chemical Inc., SimSon Pharma Limited, United Mineral, and Chemical Corp. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
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- Analysis of raw material in a product (by %)
- End user preferences and pain points
- Investment Opportunities
- Product Benchmarking / Product specification and applications
- Supply Chain Analysis & Vendor Margins
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Grade
- Electronic Grade
- Industrial Grade
By Application
- Powder Coating
- Printed Circuit Board (PCB)
- Electrical Insulation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
Key Market Players:
- Akash Coating Speciality
- ATAMAN Kimya A.S.
- Bellrock Chemical Inc.
- Henan GP Chemicals Co.,Ltd
- Hoyonn Group
- Huangshan Huahui Technology Co., Ltd.
- HUANGSHAN JINFENG INDUSTRIAL CO.,LTD.
- Silver Fern Chemical Inc
- SimSon Pharma Limited
- United Mineral and Chemical Corp.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report Description
- 1.2. Key Market Segments
- 1.3. Key Benefits
- 1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
- 3.1. Market Definition and Scope
- 3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
- 3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: TRIGLYCIDYL ISOCYANURATE (TGIC) MARKET, BY GRADE
- 4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Grade
- 4.2. Electronic Grade
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
- 4.3. Industrial Grade
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
CHAPTER 5: TRIGLYCIDYL ISOCYANURATE (TGIC) MARKET, BY APPLICATION
- 5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Application
- 5.2. Powder Coating
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
- 5.3. Printed Circuit Board (PCB)
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
- 5.4. Electrical Insulation
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
- 5.5. Others
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
CHAPTER 6: TRIGLYCIDYL ISOCYANURATE (TGIC) MARKET, BY REGION
- 6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
- 6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Grade
- 6.2.3. Market Size and Forecast, By Application
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Triglycidyl Isocyanurate (TGIC) Market
- 6.2.5.1. Market Size and Forecast, By Grade
- 6.2.5.2. Market Size and Forecast, By Application
- 6.2.6. Canada Triglycidyl Isocyanurate (TGIC) Market
- 6.2.6.1. Market Size and Forecast, By Grade
- 6.2.6.2. Market Size and Forecast, By Application
- 6.2.7. Mexico Triglycidyl Isocyanurate (TGIC) Market
- 6.2.7.1. Market Size and Forecast, By Grade
- 6.2.7.2. Market Size and Forecast, By Application
- 6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Grade
- 6.3.3. Market Size and Forecast, By Application
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. France Triglycidyl Isocyanurate (TGIC) Market
- 6.3.5.1. Market Size and Forecast, By Grade
- 6.3.5.2. Market Size and Forecast, By Application
- 6.3.6. Germany Triglycidyl Isocyanurate (TGIC) Market
- 6.3.6.1. Market Size and Forecast, By Grade
- 6.3.6.2. Market Size and Forecast, By Application
- 6.3.7. Italy Triglycidyl Isocyanurate (TGIC) Market
- 6.3.7.1. Market Size and Forecast, By Grade
- 6.3.7.2. Market Size and Forecast, By Application
- 6.3.8. Spain Triglycidyl Isocyanurate (TGIC) Market
- 6.3.8.1. Market Size and Forecast, By Grade
- 6.3.8.2. Market Size and Forecast, By Application
- 6.3.9. UK Triglycidyl Isocyanurate (TGIC) Market
- 6.3.9.1. Market Size and Forecast, By Grade
- 6.3.9.2. Market Size and Forecast, By Application
- 6.3.10. Rest of Europe Triglycidyl Isocyanurate (TGIC) Market
- 6.3.10.1. Market Size and Forecast, By Grade
- 6.3.10.2. Market Size and Forecast, By Application
- 6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Grade
- 6.4.3. Market Size and Forecast, By Application
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Triglycidyl Isocyanurate (TGIC) Market
- 6.4.5.1. Market Size and Forecast, By Grade
- 6.4.5.2. Market Size and Forecast, By Application
- 6.4.6. Japan Triglycidyl Isocyanurate (TGIC) Market
- 6.4.6.1. Market Size and Forecast, By Grade
- 6.4.6.2. Market Size and Forecast, By Application
- 6.4.7. India Triglycidyl Isocyanurate (TGIC) Market
- 6.4.7.1. Market Size and Forecast, By Grade
- 6.4.7.2. Market Size and Forecast, By Application
- 6.4.8. South Korea Triglycidyl Isocyanurate (TGIC) Market
- 6.4.8.1. Market Size and Forecast, By Grade
- 6.4.8.2. Market Size and Forecast, By Application
- 6.4.9. Australia Triglycidyl Isocyanurate (TGIC) Market
- 6.4.9.1. Market Size and Forecast, By Grade
- 6.4.9.2. Market Size and Forecast, By Application
- 6.4.10. Rest of Asia-Pacific Triglycidyl Isocyanurate (TGIC) Market
- 6.4.10.1. Market Size and Forecast, By Grade
- 6.4.10.2. Market Size and Forecast, By Application
- 6.5. LAMEA
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Grade
- 6.5.3. Market Size and Forecast, By Application
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Triglycidyl Isocyanurate (TGIC) Market
- 6.5.5.1. Market Size and Forecast, By Grade
- 6.5.5.2. Market Size and Forecast, By Application
- 6.5.6. South Africa Triglycidyl Isocyanurate (TGIC) Market
- 6.5.6.1. Market Size and Forecast, By Grade
- 6.5.6.2. Market Size and Forecast, By Application
- 6.5.7. Saudi Arabia Triglycidyl Isocyanurate (TGIC) Market
- 6.5.7.1. Market Size and Forecast, By Grade
- 6.5.7.2. Market Size and Forecast, By Application
- 6.5.8. UAE Triglycidyl Isocyanurate (TGIC) Market
- 6.5.8.1. Market Size and Forecast, By Grade
- 6.5.8.2. Market Size and Forecast, By Application
- 6.5.9. Rest of LAMEA Triglycidyl Isocyanurate (TGIC) Market
- 6.5.9.1. Market Size and Forecast, By Grade
- 6.5.9.2. Market Size and Forecast, By Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top Winning Strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
- 8.1. Akash Coating Speciality
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
- 8.2. ATAMAN Kimya A.S.
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
- 8.3. Bellrock Chemical Inc.
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
- 8.4. Henan GP Chemicals Co., Ltd
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
- 8.5. Hoyonn Group
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
- 8.6. Huangshan Huahui Technology Co., Ltd.
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
- 8.7. HUANGSHAN JINFENG INDUSTRIAL CO., LTD.
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
- 8.8. Silver Fern Chemical Inc
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
- 8.9. SimSon Pharma Limited
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments
- 8.10. United Mineral And Chemical Corp.
- 8.10.1. Company Overview
- 8.10.2. Key Executives
- 8.10.3. Company Snapshot
- 8.10.4. Operating Business Segments
- 8.10.5. Product Portfolio
- 8.10.6. Business Performance
- 8.10.7. Key Strategic Moves and Developments
