| Product Code: ETC4891914 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import of sodium azide in Guyana saw significant growth in 2024, with top exporting countries being Trinidad and Tobago, USA, India, and UK. The high Herfindahl-Hirschman Index (HHI) concentration indicates a strong market dominance of these exporters. The compound annual growth rate (CAGR) from 2020 to 2024 was robust at 21.92%, reflecting a steady upward trend. Moreover, the remarkable growth rate of 400.31% from 2023 to 2024 suggests a sudden surge in demand or supply dynamics that influenced the market during that period.

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 Guyana Sodium Azide Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Sodium Azide Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Sodium Azide Market - Industry Life Cycle |
3.4 Guyana Sodium Azide Market - Porter's Five Forces |
3.5 Guyana Sodium Azide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guyana Sodium Azide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guyana Sodium Azide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sodium azide in pharmaceutical and healthcare industries for chemical synthesis and research purposes. |
4.2.2 Growing adoption of sodium azide in the agriculture sector for pest control and preservation of biological samples. |
4.2.3 Rising investments in research and development activities leading to the discovery of new applications for sodium azide. |
4.3 Market Restraints |
4.3.1 Stringent regulations and safety concerns associated with the handling and disposal of sodium azide. |
4.3.2 Fluctuating prices of raw materials used in the production of sodium azide impacting the overall cost. |
4.3.3 Competition from alternative chemicals offering similar functionalities at lower costs. |
5 Guyana Sodium Azide Market Trends |
6 Guyana Sodium Azide Market Segmentations |
6.1 Guyana Sodium Azide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Sodium Azide Market Revenues & Volume, By 100% Purity, 2021-2031F |
6.1.3 Guyana Sodium Azide Market Revenues & Volume, By 99% Purity, 2021-2031F |
6.2 Guyana Sodium Azide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guyana Sodium Azide Market Revenues & Volume, By Probe Reagent, 2021-2031F |
6.2.3 Guyana Sodium Azide Market Revenues & Volume, By Preservative, 2021-2031F |
6.2.4 Guyana Sodium Azide Market Revenues & Volume, By Nitridizing Agent, 2021-2031F |
6.2.5 Guyana Sodium Azide Market Revenues & Volume, By Cytochrome Oxidase Inhibitor, 2021-2031F |
6.2.6 Guyana Sodium Azide Market Revenues & Volume, By Propellant in Airbags, 2021-2031F |
7 Guyana Sodium Azide Market Import-Export Trade Statistics |
7.1 Guyana Sodium Azide Market Export to Major Countries |
7.2 Guyana Sodium Azide Market Imports from Major Countries |
8 Guyana Sodium Azide Market Key Performance Indicators |
8.1 Research and development expenditure in the chemical industry. |
8.2 Number of patents filed for new applications of sodium azide. |
8.3 Percentage of sodium azide used in pharmaceutical and healthcare industries compared to other sectors. |
9 Guyana Sodium Azide Market - Opportunity Assessment |
9.1 Guyana Sodium Azide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guyana Sodium Azide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guyana Sodium Azide Market - Competitive Landscape |
10.1 Guyana Sodium Azide Market Revenue Share, By Companies, 2024 |
10.2 Guyana Sodium Azide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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