What is Global Dicyandiamide Market?
The Global Dicyandiamide Market is a vast and complex entity that encompasses a wide range of industries and applications. Dicyandiamide, also known as cyanoguanidine, is a white crystalline compound that is primarily used in the production of melamine and melamine resins. It is also used as a slow-release nitrogen fertilizer and as a flame retardant. The market for this versatile compound is truly global in nature, with demand stemming from a variety of sectors including the textile, pharmaceutical, and painting and coating industries.
High Purity Grade, Electronic Grade, Superfine Grade in the Global Dicyandiamide Market:
The Global Dicyandiamide Market is segmented into three main grades: High Purity Grade, Electronic Grade, and Superfine Grade. High Purity Grade Dicyandiamide is primarily used in pharmaceuticals and high-performance resins. Electronic Grade Dicyandiamide is used in the production of electronic components and devices, while Superfine Grade Dicyandiamide is used in applications that require a high degree of fineness and purity, such as in the production of high-quality paints and coatings. Each grade has its own unique properties and applications, and the demand for each varies depending on the specific needs of the industry.
Textile Industry, Pharmaceuticals Industry, Painting and Coating Industry, Others in the Global Dicyandiamide Market:
The Global Dicyandiamide Market finds its usage in a variety of industries. In the Textile Industry, it is used as a flame retardant and as a slow-release nitrogen fertilizer. In the Pharmaceuticals Industry, it is used in the production of guanidine nitrate, which is a key ingredient in many drugs. In the Painting and Coating Industry, it is used as a curing agent for epoxy resins and as a hardener for water-soluble paints. Other industries that use Dicyandiamide include the paper and pulp industry, the automotive industry, and the construction industry.
Global Dicyandiamide Market Outlook:
The future outlook of the Global Dicyandiamide Market is promising. In 2022, the market was valued at US$ 335.1 million and it is projected to reach US$ 422.2 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period of 2023-2029. The largest market share is held by China, which accounts for more than 80 percent of the global market. This is due to the country's large-scale production and consumption of Dicyandiamide.
| Report Metric | Details |
| Report Name | Dicyandiamide Market |
| Accounted market size in 2022 | US$ 335.1 in million |
| Forecasted market size in 2029 | US$ 422.2 million |
| CAGR | 3.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | AlzChem AG, Nippon Carbide Industries, R.Harilal & Co, Akash Purochem Private, Ningxia Jiafeng Chemicals, Ningxia Sunnyfield Chemical, Ningxia Xingping Fine Chemical, Ningxia Beilite Chemical, Ningxia Darong, Ningxia Pingluo Baoma Chemical, Gulang XinMiao Fine Chemical, Ningxia Yinglite Chemicals, Changhe Chemical, Ning Xia Taihong Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
