Global Dicyandiamide Market to Reach $566.9 Million by 2030
The global market for Dicyandiamide estimated at US$369.6 Million in the year 2023, is expected to reach US$566.9 Million by 2030, growing at a CAGR of 6.3% over the analysis period 2023-2030. Pharmaceutical Grade Dicyandiamide, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$266.8 Million by the end of the analysis period. Growth in the Electronic Grade Dicyandiamide segment is estimated at 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $98 Million, While China is Forecast to Grow at 10.7% CAGR
The Dicyandiamide market in the U.S. is estimated at US$98 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$138.9 Million by the year 2030 trailing a CAGR of 10.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 6.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$78.7 Million by the year 2030.
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