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 Scope and Research Methodology

This Dicyandiamide Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry’s growth.

The top-down and bottom-up approaches are used to validate and estimate market size by segment. Dicyandiamide Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.

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.

Dicyandiamide 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 the future. Growth in the wastewater treatment industry in the European countries will have a substantial impact on the dicyandiamide market. The region has above 18,000 wastewater treatment plants in operation. As the region’s major attention is sustainable development and to promote eco-friendly products & techniques, the demand for dicyandiamide will rise in the future. Also, the rising lack of clean water will lead to increased water treatment facilities in developing countries which will further boost the demand in the market.

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Dicyandiamide Market Segmentation Analysis:

Based on Formulation, the Tablets Supplements segment held the largest market share of  the Market in 2023. According to the MMR analysis,  It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.

by Grade

• Electronic Grade
• Industrial Grade
• Pharmaceutical Grade
• Others

by Application

• Pharmaceuticals
• Epoxy Laminates
• Slow-release Fertilizers
• Flame Retardants
• Dye Fixing
• Water Treatment
• Others

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Key players include Dicyandiamide Industry :

• 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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Key Questions Answered in the Dicyandiamide Market Report are:

• Which segment asserted the greatest market share in 2024 for Dicyandiamide ?
  • How does the competitive landscape unfold within the Dicyandiamide market?
  • What pivotal factors steer the growth trajectory of the Dicyandiamide market?
  • In the realm of the Dicyandiamide market, which region commands the most significant market share?
  • What is the anticipated Compound Annual Growth Rate (CAGR) for the Dicyandiamide market during the forecast period (2024-2030)?

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