Market Forecast By Regions (North America, Latin America, Europe, Asia Pacific, Middle East and Africa), By Grade (Electronic Grade, Industrial Grade, Pharmaceutical Grade), By Application (Pharmaceuticals, Epoxy Laminates, Textile & Dyeing Auxiliaries, Water Treatment, Flame Retardants, Fertilizers, Others) And Competitive Landscape
Product Code: ETC150126 | Publication Date: Nov 2021 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Dicyandiamide Market |
Forecast Period | 2025-2031 |
Market Size | USD 1.17 billion by 2031 |
CAGR | 6.6% |
The Dicyandiamide Market report thoroughly covers the market by grade, application and regions including North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The Dicyandiamide market is projected to grow at a robust CAGR of 6.6% during the forecast period, reaching a market size of USD 1.17 billion by 2031. This growth is primarily driven by its increasing applications in pharmaceuticals, particularly in diabetes medication, agriculture as a nitrification inhibitor, and electronics as a curing agent for epoxy resins. Rising demand for high-purity grades and its contribution to sustainable industrial practices further bolster the market's expansion.
The stable growth of Dicyandiamide market is because of its various end-use applications in industries such as pharmaceuticals, agriculture, and electronics. The key contributors to this are the compound's application in diabetes medication, agriculture as a nitrification inhibitor, and in electronics as a curing agent used in the production of epoxy resins. The increasing acceptance for the high-purity grades and contribution to sustainability in industrial practices further pushes the demand for it, therefore it is an indispensable modern industrial component.
According to 6Wresearch, the Dicyandiamide Market is anticipated to grow at a CAGR of 6.6% during the forecast period 2025-2031.
The Dicyandiamide market growth is backed by its wide applications in a majority of industries. It is important in pharmaceuticals for the manufacture of medicines used for diabetes. It acts as a nitrification inhibitor in agriculture and increases efficiency in soil and crop yield. It works as a very important curing agent for epoxy resins in the electronics sector that improves overall performance. The booming high purity grade demand together with the industry ecofriendly and sustainable practice orientation builds further impetus towards market growth from its expanding relevance.
The Dicyandiamide market has witnessed some major challenges that could hinder its growth path. Fluctuating raw material prices create uncertainty in production costs, disrupting market stability. Environmental concerns with chemical manufacturing processes raise doubts regarding sustainability and place additional burdens on producers to adopt greener ways for production. Moreover, increased regulations and compliance requirements make it difficult for new entrants to access the market. These raise hurdles affecting adoption rates, restricted opportunities for expansion, and an urgent need to be creative-for taking care of ever-evolving expectations of global markets.
The increase in the number of diabetic cases has led to an increased demand for dicyandiamide from the pharmaceutical industry. Its application as a nitrification inhibitor has found crop production areas in agriculture with improved soil methods and consequently increased crop production. The electronics industry is also utilizing dicyandiamide as an important curing agent for epoxy resin in applications that require high thermal stability. High-purity variants are likely to see demand rise due to the industries seeking uniformity in quality and performance. As environmental concerns and regulations press on, producers are adopting greener and more sustainable manufacturing practices for dicyandiamide.
Expanding pharmaceutical applications have always been a revenue boast for dicyandiamide due to its importance in treating chronic diseases like diabetes. Growing demand in agriculture for sustainability opens room for investment, maybe using dicyandiamide as a nitrification inhibitor. Emerging electronics present new opportunities for investment, where dicyandiamide is one of the key curing agents for epoxy resins. There is a demand for high-purity grades, which perhaps could have openings for business dealing with strict quality across various industries. Innovative eco-friendly production techniques open up a field for investment aligned to the regulatory framework and market demands focusing on sustainability.
The Dicyandiamide market is characterized by leading players that include AlzChem Group AG, Ningxia Taikang Pharmaceutical Co., Ltd., Nippon Carbide Industries Co. Inc., Ningxia Sunnyfield Chemical Co., Ltd., and Avantor Inc. They ensure innovation through focus on high-purity grades and sustainable production practices and serve many industries including but not limited to pharmaceuticals, agriculture, and electronics that ensure quality and reliability. The strategic investments in their research and development activities alongside expanding application provision help them secure a firm competitive position and, thus, contribute very much to the market growth and evolution.
Dicyandiamide market mostly regulated and guided to ensure safety and sustainability. REACH is a European Union regulation for Registration, Evaluation, Authorization, and Restriction of Chemicals; it provides strict standards for environmental and safety considerations. In the pharmaceutical fields, the application of dicyandiamide in the United States is also subject to FDA regulations, which dictate its high-pure production to comply with several quality benchmarks. Other Asian countries also uphold parallel standards that adhere to an environmentally friendly approach and take an eco-sensitive direction. These regulations provide protection for public health and ecosystems while found to be great stimulants for innovation.
The dicyandiamide market is set for vigorous growth, bolstered by increasing demand across pharmaceutical, sustainable agriculture, and electronics. The ever-rising need for better grade purity will permit higher performance of the product in strategically important industries. Eco-friendly production techniques are rapidly gaining much more importance as global regulations and sustainability goals shape industrial practices. In addition, innovations in advanced materials, particularly in electronics and agriculture, should also be advantageous to this market. These developments, along with regulatory compliance and a stronger focus on sustainability, will continue to drive the market's evolution and open new opportunities for diverse applications.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Ashutosh, Senior Research Analyst at 6Wresearch, Asia Pacific is expected to lead the Dicyandiamide market because of its industrial capability, particularly in electronics, agriculture, and pharmaceuticals. The demand for high-purity applications and stringent environmental regulations have given Europe a strong position. While Latin America, the Middle East, and Africa exhibit potential in sustainable agriculture, North America benefits from advancements in electronics and healthcare technology.
Pharmaceutical grade dicyandiamide predominates because it is essential to the production of active medicinal substances. While Electronic Grade is progressively increasing because to its application in epoxy laminates for electronics, Industrial Grade is still necessary for fertilizers and adhesives.
The pharmaceuticals segment is in the lead due to the significant demand for dicyandiamide in the production of drugs, especially those for diabetes. Fertilizers are becoming more popular in sustainable farming, whereas epoxy laminates are widely used in electronics. Additional market diversity is supported by additional applications such as water treatment, flame retardants, and textiles.
The Dicyandiamide Market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Dicyandiamide Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Dicyandiamide Market Revenues & Volume, 2021 & 2031F |
3.3 Global Dicyandiamide Market - Industry Life Cycle |
3.4 Global Dicyandiamide Market - Porter's Five Forces |
3.5 Global Dicyandiamide Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Dicyandiamide Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Global Dicyandiamide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Dicyandiamide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Dicyandiamide Market Trends |
6 Global Dicyandiamide Market, 2021 - 2031 |
6.1 Global Dicyandiamide Market, Revenues & Volume, By Grade, 2021 - 2031 |
6.2 Global Dicyandiamide Market, Revenues & Volume, By Application, 2021 - 2031 |
7 North America Dicyandiamide Market, 2021 - 2031 |
7.1 North America Dicyandiamide Market, Revenues & Volume, By Grade, 2021 - 2031 |
7.2 North America Dicyandiamide Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America Dicyandiamide Market, 2021 - 2031 |
8.1 Latin America Dicyandiamide Market, Revenues & Volume, By Grade, 2021 - 2031 |
8.2 Latin America Dicyandiamide Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Europe Dicyandiamide Market, 2021 - 2031 |
9.1 Europe Dicyandiamide Market, Revenues & Volume, By Grade, 2021 - 2031 |
9.2 Europe Dicyandiamide Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Asia Pacific Dicyandiamide Market, 2021 - 2031 |
10.1 Asia Pacific Dicyandiamide Market, Revenues & Volume, By Grade, 2021 - 2031 |
10.2 Asia Pacific Dicyandiamide Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Middle East Dicyandiamide Market, 2021 - 2031 |
11.1 Middle East Dicyandiamide Market, Revenues & Volume, By Grade, 2021 - 2031 |
11.2 Middle East Dicyandiamide Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Africa Dicyandiamide Market, 2021 - 2031 |
12.1 Africa Dicyandiamide Market, Revenues & Volume, By Grade, 2021 - 2031 |
12.2 Africa Dicyandiamide Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Dicyandiamide Market Key Performance Indicators |
14 Global Dicyandiamide Market - Opportunity Assessment |
14.1 Global Dicyandiamide Market Opportunity Assessment, By Regions, 2021 & 2031F |
14.2 Global Dicyandiamide Market Opportunity Assessment, By Grade, 2021 & 2031F |
14.3 Global Dicyandiamide Market Opportunity Assessment, By Application, 2021 & 2031F |
15 Global Dicyandiamide Market - Competitive Landscape |
15.1 Global Dicyandiamide Market Revenue Share, By Companies, 2024 |
15.2 Global Dicyandiamide Market Competitive Benchmarking, By Operating and Technical Parameters |
16 Company Profiles |
17 Recommendations |
18 Disclaimer |