Primarily, dicyandiamide is utilised as a raw material in the production of active pharmaceutical constituents for anti-diabetic medications. In addition to adhesives, it is utilised as a curing agent in epoxy resins, laminated circuit boards, and laminates.
In addition to water treatment chemicals, pharmaceuticals, delayed and controlled nitrogen release fertilisers, and dye fixing agents, the compound is utilised in the production of organic chemicals.
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The production of pharmaceutical ingredients, which makes extensive use of dicyandiamide, is anticipated to drive market expansion over the next decade. In addition, the substantial demand for adhesives and fertilisers is anticipated to significantly contribute to the expansion of the dicyandiamide market in the coming years.
Furthermore, the significant increase in the prevalence of diabetes worldwide has generated considerable interest in anti-diabetic medications; this, in turn, will contribute to the future growth of the dicyandiamide market. In addition, the product’s anticipated use as a curing agent in coatings, fertilisers, flame retardants, adhesives, electronics, and textiles will provide a lucrative trajectory for the dicyandiamide market over the coming years.
The subsequent years will see a restraint on the growth of the dicyandiamide market, however, due to the widespread availability of affordable substitutes. Despite this, it is anticipated that the substantial production of dicyandiamide of the ultra-micronized grade will provide substantial growth prospects for market participants in the dicyandiamide sector in the years to come.
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The Global Dicyandiamide Market is segmented based on product, application and region
Global Dicyandiamide Market: Product Segment Analysis
● Pharmaceutical
● Electronic
● Industrial
Global Dicyandiamide Market: Application Segment Analysis
● Pharmaceuticals
● Epoxy Laminates
● Slow-release Fertilizers
● Flame Retardants
● Dye Fixing
● Water Treatment DSectors
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The global Dicyandiamide market profiles key players such as:
● Ningxia Darong Industry Group Co Ltd
● Ningxia Blue-White-Black Activated Carbon Co Ltd
● AlzChemGroup AG
● Ningxia Yinglite Chemical Co Ltd
● Ningxia Sunnyfield Chemical Co Ltd
● Shizuishan Pengsheng Chemical Co Ltd
● Ningxia Jiafeng Chemicals Co Ltd
Analysis of the Dicyandiamide Market by Region
The global market for dicyandiamide can be categorised into five primary regions, namely the Middle East and Africa, North America, Europe, Asia Pacific, and Latin America.
The Asia Pacific dicyandiamide market is anticipated to experience significant expansion in the coming years due to the region’s increasing demand for the substance. Additionally, swiftly expanding pharmaceutical industries in APAC nations such as China and India will significantly contribute to the expansion of the dicyandiamide market in the region. Asia-Pacific is anticipated to maintain its market leadership throughout the projected period due to the concentration of major manufacturers within the area. After Asia-Pacific, North America and Europe are anticipated to be the second and third greatest markets, respectively. The substantial manufacturing capacity of dicyandiamide in nations like Germany has contributed to the expansion of the dicyandiamide market in Europe.
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