Dicyandiamide Market was valued US$ 312.72 Mn. in 2021 and is expected to grow US$ 387.00 Mn. by 2029, at a CAGR of 2.7% during the forecast period.
Dicyandiamide Market Overview:
The Dicyandiamide market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc..
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Dicyandiamide Market Scope:
A competitor’s information is provided in the highly competitive environment for the Dicyandiamide market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses’ focus on the Dicyandiamide industry.
Dicyandiamide Market Drivers:
Dicyandiamide is used as an active pharmaceutical ingredient in the production of metformin on a large scale which helps in the improvement of glucose in diabetes patients is the main driver of the global dicyandiamide market. For example, 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 vastly reactive and non-hazardous, it is widely used in manufacturing metformin drug. The United States is the largest pharmaceutical market which accounted for about 45% of the global share in 2021. Dicyandiamide is used as an intermediate during the manufacturing of flame retardants, fertilizers, coating, adhesives, and others. The development of non-toxic ultra-micronized dicyandiamide with better-quality performance for the production coatings, adhesives, and others are expected to create new opportunities for dicyandiamide over the forecast period.
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Dicyandiamide Market Segmentation:
by Grade
• Electronic Grade
• Industrial Grade
• Pharmaceutical Grade
• Others
by Application
• Pharmaceuticals
• Epoxy Laminates
• Slow-release Fertilizers
• Flame Retardants
• Dye Fixing
• Water Treatment
• Others
Dicyandiamide Market Key Players:
The major players covered in the Dicyandiamide market report are
• AlzChem Group AG
• Ningxia Darong Industry Group Co., Ltd.
• Ningxia Jiafeng Chemicals Co., Ltd.
• Ningxia Yinglite Chemical Co., Ltd.
• Ningxia Blue-White-Black Activated Carbon Co. Ltd.
• Ningxia Sunnyfield Chemical Co. Ltd.
• Shizuishan Pengsheng Chemical Co., Ltd.
• Benco Chemical LTD LLC
• Akash Purochem Private
• Nippon Carbide Industries
• SAE Manufacturing Specialties Corp.
• ChemCeed
• BariteWorld
• U.S. Chemical, LLC
• Mil-Spec Industries
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Regional Analysis:
The causes for the global Dicyandiamide market’s rise, and the industry’s numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.
COVID-19 Impact Analysis on Dicyandiamide Market:
The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Dicyandiamide market to slow in 2020. The new research features COVID 19’s impact on the Dicyandiamide market, as well as insights, analysis, estimations, and projections.
Key Questions Answered in the Dicyandiamide Market Report are:
- Which segment was responsible for the largest share in the Dicyandiamide market?
- How was the competitive scenario of the Dicyandiamide market in 2020?
- Which are the key factors responsible for the Dicyandiamide market growth?
- Which region held the maximum share in the Dicyandiamide market in 2020?
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