Global Dicyandiamide market: Trends, Size, Shares and Forecasts 2019-2025

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Dicyandiamide Market share research by
applications and regions for 2019-2025 Global
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Overview of Dicyandiamide Market

• Asia pacific is likely to hold a significant
  share in the dicyandiamide market due to the
  rising product manufactures in this region. Large
  number of small medium sized manufacturers in
  China and Japan has helped in occupying a
  significant market share. Moreover, developments
  in end-user sectors like electronics,
  agriculture, textile, etc. are likely to boost
  the demand in the dicyandiamide market in the
  coming years. Latin America will be another high
  potential regional market in the coming years due
  to the vast pharmaceutical industry in this
  region. The product is an active pharmaceutical
  ingredient which is used in manufacturing various
  medicines like diabetes drugs. In 2017, the
  pharmaceutical industry in Latin America
  generated a revenue of about USD 69 billion which
  increased from USD 62 billion last year. Such
  rising trend in the pharmaceutical industry will
  in turn increase the demand for the product in
  this region.
• Dicyandiamide Market size should observe
  lucrative CAGR from 2019 to 2025 in the coming
  years due to developments in the water treatment
  industry. Dicyandiamide or cyanoguanidine is a
  free-flowing white colored versatile chemical
  with diverse applications. Extensive use of the
  product in wastewater treatment plants as a
  decoloring agent or flocculating agent will drive
  the market in coming years.

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• Growth in wastewater treatment industry in the
  European countries will have significant impact
  on the dicyandiamide market. The region has more
  than 18,000 wastewater treatment plants in
  operation. As the regions major focus is
  sustainable development and to promote
  environment friendly products techniques, the
  demand for dicyandiamide will rise in future.
  Moreover, the rising scarcity of clean water will
  lead to increasing water treatment facilities in
  emerging nations which will further boost the
  demand in the market.
• Another growth driver of the dicyandiamide market
  is the development in the U.S. pharmaceutical
  industry. The product is increasingly used in the
  synthesis of drugs for treating patients
  suffering from type II diabetes. As the product
  is highly reactive and non-hazardous, it is
  extensively used in manufacturing metformin drug.
  The United states is the largest pharmaceutical
  market which accounted for about 45 of the
  global share in 2018. It generated a revenue of
  more than USD 400 billion in 2016. Rising
  government expenditure for healthcare in the U.S.
  will further enhance the regional dicyandiamide
  demand in the coming years.

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• The dicyandiamide market is segmented into
  grades, application and region. The various
  grades in this market are electronic grade,
  industrial grade and pharmaceutical grade. The
  industrial grade is likely to gain a significant
  growth in the coming years due to its extensive
  application in various industrial processes. The
  product is used as an intermediate for several
  resins and organic nitrogen composites, like
  guanidine, guanamides, and biguanides. It is
  extensively used in the chemical industry for the
  conversion process of melamine. Another
  application of industrial grade is its use in the
  paper industry as a flame-retardant additive.
• The various applications in the dicyandiamide
  market are pharmaceuticals, epoxy laminates,
  textile dyeing auxiliaries, water treatment,
  flame retardants, fertilizers, etc. Dicyandiamide
  is used to stabilize fertilizers containing urea
  as it stops nitrification enzymes and minimizes
  the discharge of nitrate into the soil. The
  global fertilizer demand was 183 million metric
  tons in 2013 and is likely to cross 200 million
  metric tons by 2019, with a growth rate of 1.8
  percent. Such increasing trend in fertilizer
  consumption will in turn increase the demand for
  dicyandiamide in the coming years. Hence,
  fertilizer application is likely to gain by a
  significant growth rate. It is also used to make
  highly efficient paper deinking agent and cuing
  agent for epoxy resin.
• Some of the major market players of dicyandiamide
  market are Ningxia Sunnyfield Chemical Co., Ltd.,
  Benco Chemical LTD LLC, Ningxia Darong Industry
  Group Co., Ltd., etc.

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Methodology

• Market
  research reports Key analytical components

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