Dicyandiamide Market Revenue Analysis and Developments Opportunities
The factors that are playing a major role in the growth of dicyandiamide market are the growing number of diabetes patients, non-hazardous and extremely reactive, and the high demand from the end-users.
(firmenpresse) - Global dicyandiamide market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Dicyandiamide (DICY) is a water-soluble and strongly alkaline pure white crystalline compound with the scientific name of cyanoguanidine. Its molecular weight is 84.082 g/mol and is odorless. The dicyandiamide is the dimer of cyanoguanidine or cyanamide is exclusively used in the production of melamine. It is also used as a curing agent for laminates and epoxy resins.
The factors that are playing a major role in the growth of dicyandiamide market are the growing number of diabetes patients, non-hazardous and extremely reactive, and the high demand from the end-users. However, the availability of alternative substitutes may restrain overall market growth in the years to come. Dicyandiamide market is segmented based on grade, distribution channel, application, and region.
Pharmaceutical, electronic, industrial, and other grades could be explored in dicyandiamide in the forecast period. Pharmaceutical grade sector accounted for the substantial market share of dicyandiamide in terms of value and volume and is estimated to lead the overall market in the years to come. The reason could be the rising demand for anti-diabetic drugs. In addition, the industrial sector is estimated to grow at the fastest pace in the years to come.
Based on the distribution channel, distributor, direct sale, and others could classify dicyandiamide in the forecast period. The market may be categorized based on applications like water treatment, pharmaceuticals, dye fixing, epoxy laminates, flame-retardants, slow-release fertilizers, and others could be explored in the forecast period.
Globally, Asia Pacific accounted for the substantial market share of dicyandiamide and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the developing pharmaceutical sector in emerging countries and the growing demand from the end-users. In terms of a number of diabetic patients, the developing countries like India and China are the major consumers of dicyandiamide in this region.
North America and Europe are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of dicyandiamide market are Ningxia Jiafeng Chemicals Ltd., Ningxia Darong Industry Group Co., Ltd., Shizuishan Pengsheng Chemical Co., Ltd., Ningxia Yinglite Chemical Co., Ltd., AlzChemGroup AG, and Ningxia Blue-White-Black Activated Carbon Co. Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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