Dicyandiamide Market 2018-2024 Dicyandiamide Market 2018-2024 | Page 4

Global Dicyandiamide Market, 2018
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Europe
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UK
France
Germany
Italy
Asia Pacific
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China
Japan
India
Southeast Asia
Latin America
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BMR&C
Brazil
The Middle East and Africa
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GCC
Africa
Rest of Middle East and Africa
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Global Dicyandiamide Market Dynamics
The dicyandiamide market is primarily driven by the increasing demand of metformin due to the
increased prevalence of diabetes. Metformin is used for the treatment of diabetes which is also referred
as diabetes mellitus. As per 2017 report of Centers for Disease Control and Prevention there were
around 30.3 million in the world are suffering from diabetes. Dicyandiamide is used as active
pharmaceutical ingredient in the production of metformin on a large scale which helps in the
improvement of glucose in diabetes patient. Dicyandiamide is used as intermediate during the
manufacturing of flame retardants, fertilizers, coating, adhesives and others. Currently manufacturers
prefer to use urea as raw materials for the production of melamine. Due to the availability of cost
effective and better performing substitute are expected to hinder the growth of dicyandiamide market.
The development of nontoxic ultra-micronized dicyandiamide with improved performance for the
production coatings, adhesives and others are expected to create new opportunities for dicyandiamide
over the forecast period.
Global Dicyandiamide Market Regional Analysis
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