Dicyandiamide market forecast to witness phenomenal growth opportunities by 2025

Dicyandiamide market share forecast to witness
considerable growth from 2019-2025: Global
Market Insights, Inc.
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.
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 region’s 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 nonhazardous,
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
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expenditure for healthcare in the U.S. will further enhance the regional dicyandiamide
demand in the coming years.
Dicyandiamide Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada,
Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Indonesia,
Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia UAE, Kuwait), Growth
Potential, Competitive Market Share & Forecast, 2019 – 2025
https://bit.ly/2l0jTeL
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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