Global Dicyandiamide Market Size, Share & Trends Analysis Report, By Grade, By Application, By Region Forecasts, 2023 - 2030

Global Dicyandiamide Market Size, Share & Trends Analysis Report, By Grade, By Application, By Region Forecasts, 2023 - 2030

Global Dicyandiamide Market was valued at US $ 227.4 Million in 2022 and is expected to reach US $ 402.6 million by 2030 growing at a CAGR of 7.4% during the forecast period 2023 – 2030.

The term ""Dicyandiamide market"" describes the worldwide market for the adaptable chemical compound Dicyandiamide (DCD). A white crystalline substance with numerous uses in a variety of industries is called decicandiamide. This market includes the manufacturing, supply, and usage of diecyandiamide for a variety of applications, such as water treatment, adhesives, plastics, textiles, adhesives, flame retardants, and agriculture. Contributing significantly to the development of pharmaceuticals, sustainable agriculture, and environmental stewardship, it provides advantages like higher agricultural yields, longer product lifespans, and increased safety via flame resistance. The market for diecyandiamide is distinguished by its contributions to sustainability, safety, and innovation across a range of industries, making it a crucial part of numerous industrial processes and applications.

Several sectors are expanding as a result of the rising demand for melamine. Melamine is becoming more and more popular due to its adaptability and variety of uses, which include textiles, paper, automotive components, kitchenware and building materials. The market for melamine-based materials is growing as the infrastructure development and building industries throughout the world get bigger. The need for melamine-based products is further fueled by consumers' choice for sturdy and heat-resistant dinnerware and kitchenware, as well as the expansion of the automobile industry. The cross-linking and flame-retardant qualities of melamine are advantageous to the paper and textile industries. The demand for melamine is rising due in part to emerging nations' growing middle classes and increasing rates of urbanisation. Melamine-based goods' affordability, sustainability, and constant innovation drive their market expansion. Global supply chain integration also expands melamine's market reach and increases its demand globally, which makes it a key factor in the expansion of numerous sectors. According to Statista, laminates and adhesive applications together accounted for nearly two-thirds of the global melamine formaldehyde market share in 2016. Laminates accounted for 41.3 percent of the market, while adhesive applications made up 21.05 percent.

“Reagent Grade segment, by grade, to be dominating market from 2023 to 2030.”

In the Dicyandiamide Market in 2022, reagent grade Dicyandiamide held the highest share, with a predicted CAGR of 53.45% over the course of the forecast year. The manufacture of metformin, a vital medication for type II diabetes, depends on this category. The need for Dicyandiamide of reagent grade is driven by the rising number of diabetic patients. Remarkably, according to the International Diabetes Federation (IDF), 537 million persons worldwide (aged 20 to 79) had diabetes in 2021. Global estimates show that this number will rise even more, reaching 643 million by 2030 and 783 million by 2045. High-quality reagent-grade dipyandiamides are essential in labs all over the world. They make research and experiments easier in a variety of scientific fields, such as chemistry, molecular biology, biochemistry, and cellular biology.

“Slow-release Fertilizers segment, by application, to be dominating market from 2023 to 2030.”

With a majority share of more than 50% in the global market, the fertiliser segment is the one that uses dicyandiamide most frequently. In this domain, dicyandiamide plays a pivotal function as a nitrification inhibitor, proficiently alleviating soil nitrogen loss. This corresponds to higher agricultural yields and a smaller environmental impact, both of which support sustainability objectives.

“Asia Pacific to be largest and fastest growing region in Dicyandiamide market.”

With a significant share of around 36% in the Dicyandiamide Market in 2022, the Asia Pacific region led the market. With its abundance of small and medium-sized producers, China greatly increased its market share and, between 2019 and 2020, emerged as the market with the quickest rate of growth for dicyandiamide imports, followed by Germany, Hong Kong, and India. In a variety of industries, including textiles, rubber, pharmaceuticals, agriculture, and electronics, diecyandiamide is an essential intermediary in the manufacturing of flame retardants, fertilisers, coatings, adhesives, and more.

Dicyclandiamide is a key component of the electronics industry, which the Japan Electronic and Information Technology Industries Association (JEITA) estimates would generate US$ 68,188.68 million in revenue in 2019. Since dimethylandiamide is the only alternative to dimethylformamide and is linked to pollution, the majority of the world's production of dimethylandiamide occurs in China. The Asia Pacific region is steadily expanding due to the growing demands and advances in China and India. Furthermore, the area is a major global manufacturer and exporter of metformin, which will further support market expansion possibilities over the course of the projection year.

Dicyandiamide Competitive Landscape

The competitive landscape of the Dicyandiamide market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Dicyandiamide technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Dicyandiamide market is highly competitive, with numerous companies vying for market share. Prominent companies in the Dicyandiamide Market include:

AlzChem Group AG, Ningxia Jiafeng Chemicals Co., Ltd., Ningxia Darong Industry Group Co., Ltd., Ningxia Yinglite Chemical Co., Ltd, Ningxia Sunnyfield Chemical Co. Ltd., Shizuishan Pengsheng Chemical Co., Ltd., Ningxia Blue-White-Black Activated Carbon Co. Ltd., Benco Chemical LTD LLC, Nippon Carbide Industries, Akash Purochem Private, SAE Manufacturing Specialties Corp., BariteWorld, U.S. Chemical, LLC, ChemCeed, Mil-Spec Industries, Jiafeng Chemicals USA Co Ltd, PG International, Jiafeng Chemicals USA Co Ltd, Alzchem Group AG, OPQ Chemical Co., Ltd,and others.

Recent Developments:

A cutting-edge production line for electronic-grade Decyandiamide was introduced by Jiafeng Chemical USA Co LTD in August 2021. The line is intended to be used as a curing agent in epoxy resins.

In June 2020, the company started building a state-of-the-art production line with sophisticated machinery and technology to increase its capacity to produce Dicyandiamide. The company's ability to produce Dicyandiamide has been greatly enhanced by this development, allowing for the production of up to 40,000 metric tonnes annually.