COVID-19 Impact on Guanidine Thiocyanate Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the guanidine thiocyanate market.
Key Drivers of Guanidine Thiocyanate Market
- Guanidine thiocyanate has major applications in the pharmaceutical industry. It is used in chemicals and medicines for molecular diagnostics. Molecular diagnostics is a collection of techniques that refers to a set of approaches for analyzing biological markers in genome and proteome, as well as how cells express their genes as proteins, in order to apply molecular biology to medical testing. Increase in demand for guanidine thiocyanate in the pharmaceutical industry is expected to drive the market in the near future.
Guanidine Thiocyanate Market: Segmentation
- The guanidine thiocyanate market can be segmented in terms of type and application
- Based on type, the global guanidine thiocyanate market can be segmented into purity 97%, purity 98%, and purity 99%. Molecular grade guanidine thiocyanate is a protein denaturant that inhibits RNase and is often used to isolate intact RNA at high doses. It is in form of white, crystalline powder with a purity of 99.0%. Guanidine thiocyanate is also called guanidinium rhodanide.
- Based on application, the global guanidine thiocyanate market can be segmented into medicine, chemicals, and others. Medicine and chemicals segments are expected to expand at a significant pace in terms of demand during the forecast period.
Asia Pacific to Hold Leading Share of Guanidine Thiocyanate Market
- In terms of region, the guanidine thiocyanate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is expected to hold major share of the global guanidine thiocyanate market, followed by Europe and North America, during the forecast period. This can be ascribed to the growth in construction activities in China, India, and ASEAN countries in the region.
Key Manufacturers Operating in Guanidine Thiocyanate Market
Major players have a prominent presence in developed and developing countries. Key manufacturers operating in the global guanidine thiocyanate market include:
- Aceto
- AG Scientific
- Alfa Aesar
- Apollo Scientific
- Biosynth Carbosynth
- BOC Sciences
- Central Drug House
- Glentham Life Sciences Limited
- Jinan Qinmu Fine Chemical
- Pharmaffiliates
- SincereChemical
- Spectrum Chemical
- Suzhou Yacoo Science
- Watson
Guanidine Thiocyanate Market: Research Scope
Guanidine Thiocyanate Market, by Type
- Purity 97%
- Purity 98%
- Purity 99%
Guanidine Thiocyanate Market, by Application
- Medicine
- Chemicals
- Others
Global Guanidine Thiocyanate Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Guanidine Thiocyanate Market: Introduction
- Guanidine thiocyanate acts as a chaotropic agent, a protein denaturant, and a DNA and RNA protector. Thiocyanate inhibits enzymes (nucleases), which, paired with its capacity to preserve nucleic acids, makes it important in DNA and RNA research. It can be used to safely destroy viruses in order to study them. It is employed in Northern and Southern blotting, as well as PCR.
