Global Dicyandiamide Market Valuable Growth Prospects and Insights on Future Scenario

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Dicyandiamide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Dicyandiamide market have been elaborated upon in the research report.

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Dicyandiamide (DCD), which is also known as 2-Cyanoguanidine, is a alkaline, hydrophilic white crystalline compound. Dicyandiamide is primarily used as raw material for active pharmaceutical ingredients production for making anti-diabetic drugs. It is also used as a curing agent in epoxy resins and laminates for circuit boards and adhesives. It is also used in production of organic chemicals, which include, water treatment chemicals, slow and controlled nitrogen release fertilizers, dye fixing agents, and pharmaceuticals. Dicyandiamide are of different grades based on purity. The grades include pharmaceutical grade, electronic grade, industrial grade, and others. Currently, pharmaceutical grade dicyandiamide is mainly used compared to other types. The dicyandiamide market is expanding at a significant rate. Asia Pacific is anticipated to dominate the market during the forecast period, followed by North America and Europe.

Rise in Demand for Metformin from the Rising Diabetic Population across the Globe

Diabetes is one of the most common and rapidly increasing diseases across the globe. Diabetes is often referred to by doctors as diabetes mellitus. More than 400 million people across the globe are currently suffering from diabetes mellitus. Approximately 552 million people are anticipated to suffer from diabetes by 2030. Type 2 diabetes is the most common type and accounts for more than 90% of all cases of diabetes. Rise in diabetic population across the globe is ascribed to the rise in urbanization, changing population, increasing prevalence of obesity, and lack of physical activity.

Dicyandiamide is primarily used in the production of active pharmaceutical ingredients (APIs), which are used in production of metformin, a preferred drug for the treatment of type 2 diabetes mellitus. Metformin is also used in the treatment of excess weight and obesity. Metformin improves glucose tolerance in diabetic patients, lowering basal and postprandial plasma glucose.

Asia Pacific is the key metformin producing and exporting region across the globe. Hence, rising demand for dicyandiamide in this region is expected to drive the dicyandiamide market during the next few years.

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Availability of Cost Effective and Better Performing Substitutes

Dicyandiamide is used as an intermediate in the production of fertilizers, flame retardants, coatings, adhesives, etc. Melamine can also be produced using raw materials such as dicyandiamide, hydrogen cyanide, and urea. Melamine, in combination with formaldehyde and other agents, is used to produce melamine resins, which are used in high pressure decorative laminates. However, over the years, manufacturing processes for the production of melamine have been commercialized through the usage of dicyandiamide and urea.

Currently, manufacturers of melamine prefer urea as a raw material over dicyandiamide, as the urea process entails lower manufacturing costs. Furthermore, urea is more readily and easily available compared to dicyandiamide across the globe. Production of dicyandiamide is concentrated primarily in Asia Pacific and some countries in Europe such as Germany. Therefore, manufacturers have started replacing their melamine manufacturing process from dicyandiamide to urea since the last few years. Currently, all the melamine production facilities across the globe are based on urea. Thus, availability of cost-effective and better performing substitutes such as urea is anticipated to hamper the dicyandiamide market in the next few years.

The global dicyandiamide market has been segmented as follows:

Dicyandiamide Market: by grade type

Electronic Grade
Industrial Grade
Pharmaceutical Grade
Others
Dicyandiamide Market: by application

Pharmaceuticals
Epoxy Laminates
Slow-release Fertilizers
Flame Retardants
Dye Fixing
Water Treatment
Others (gun powder, air bags, paper sizing, etc.)
Dicyandiamide Market: Regional Analysis

North America
S.
Canada
Europe
Germany
K.
France
Italy
France
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 (MEA)
GCC
South Africa
Rest of Middle East & Africa
Key Takeaways

China is the largest manufacturing and exporting country for dicyandiamide
Only one manufacturer has a dicyandiamide manufacturing facility outside Asia
Pharmaceutical is the major application segment for dicyandiamide
Pharmaceutical and industrial are the key types of grades for dicyandiamide during the forecast period
Asia Pacific is anticipated to dominate the market during the forecast period
The market in India is expected to expand at a rapid pace during the forecast period

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