Published: Jul, 2018
The global dicyandiamide market is prophesied in a report by Transparency Market Research (TMR) to hold a consolidated nature with China holding scores of manufacturing companies operating in the industry. AlzChem Group AG is one of the few companies of the market that has a manufacturing facility outside Asia Pacific. It flaunts a higher capacity of 20,000 tons per annum. Most of the market is researched to be import-based, where dicyandiamide is either procured through importers or traders or manufacturers in Germany and China. While Chinese companies do not use any brand name to sell their products, AlzChem Group uses Tropharm, Dyhard, and other brand names.
TMR prognosticates the global dicyandiamide market to reach a US$0.5 bn by the end of 2025 while rising at an 8.5% CAGR during the forecast tenure 2018-2026. In 2017, the market scored a US$0.2 bn valuation. On the basis of grade, pharmaceutical could take a leading position in the coming years. By region, Asia Pacific is predicted to dominate the market, considering its 50.0% share achieved in 2017.
Dicyandiamide Collects Demand in Manufacture of Preferred Type 2 Diabetes Drug
One of the commonly used drugs for treating type 2 diabetes, metformin is manufactured with the use of dicyandiamide. 90.0% of all diabetes cases are accounted by type 2 diabetes, which is counted among the most common diseases around the world. There could be increasing demand for dicyandiamide in Asia Pacific because the region is reputed for being in a leading position when it comes to metformin production and export. Dicyandiamide plays the role of an intermediate in the production of melamine, adhesives, coatings, fertilizers, and flame retardants.
Production of anti-diabetic drugs primarily finds use of pharmaceutical grade dicyandiamide. Another type of dicyandiamide grade that finds important applications is industrial. After pharmaceutical, industrial grade dicyandiamide is envisaged to gather a telling pace in terms of market growth.
Better-performing and Cost-effective Alternatives to Dicyandiamide Pose Challenge
Availability of cost-effective substitutes to dicyandiamide is foreseen to slow down the demand in the global market. Such substitutes are usually observed to perform better than dicyandiamide. Instead of dicyandiamide, today, urea is used in the production of melamine. Previously, dicyandiamide was in use for the same purpose. Nonetheless, development of ultra-micronized grade dicyandiamide is projected to create strong opportunities in the global market. Players with robust research and development facilities are expected to support the development.
Film adhesives, electronic potting, epoxy powder coating, and other applications find use of ultra-micronized grade dicyandiamide. This grade is non-toxic and quite effective than industrial and electronic grades. In comparison with other grade types, it is studied to offer exceptional adhesion properties. Application of dicyandiamide as a curing agent in agricultural fertilizers, textiles, and electronics is predicted to set the tone for valuable growth in the market.
The information presented in this review is based on a TMR report, titled “Dicyandiamide Market (Grade - Electronic, Industrial, and Pharmaceutical; Application - Pharmaceuticals, Epoxy Laminates, Slow-release Fertilizers, Flame Retardants, Dye Fixing, and Water Treatment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”
The global dicyandiamide market has been segmented as presented below:
Global Dicyandiamide Market: Grade
- Electronic Grade
- Industrial Grade
- Pharmaceutical Grade
Global Dicyandiamide Market: Application
- Epoxy Laminates
- Slow-release Fertilizers
- Flame Retardants
- Dye Fixing
- Water Treatment
Global Dicyandiamide Market: Region
- North America
- Russia and CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.