Dicyandiamide Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2022
“The factors that are playing a major role in the growth of
dicyandiamide market are the growing number of diabetes
patients, non-hazardous and extremely reactive, and the
high demand from the end-users.”
Global dicyandiamide market is expected to grow at a significant CAGR in the upcoming period as the scope
and its applications are rising enormously across the globe. Dicyandiamide (DICY) is a water-soluble and strongly
alkaline pure white crystalline compound with the scientific name of cyanoguanidine. Its molecular weight is
84.082 g/mol and is odorless. The dicyandiamide is the dimer of cyanoguanidine or cyanamide is exclusively
used in the production of melamine. It is also used as a curing agent for laminates and epoxy resins.
The factors that are playing a major role in the growth of dicyandiamide market are the growing number of
diabetes patients, non-hazardous and extremely reactive, and the high demand from the end-users. However,
the availability of alternative substitutes may restrain overall market growth in the years to come.
Dicyandiamide market is segmented based on grade, distribution channel, application, and region.
Pharmaceutical, electronic, industrial, and other grades could be explored in dicyandiamide in the forecast
period. Pharmaceutical grade sector accounted for the substantial market share of dicyandiamide in terms of
value and volume and is estimated to lead the overall market in the years to come. The reason could be the
rising demand for anti-diabetic drugs. In addition, the industrial sector is estimated to grow at the fastest pace
in the years to come.
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