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 Dicyandiamide market refers to the global marketplace for a versatile chemical compound known as Dicyandiamide (DCD). Dicyandiamide is a white crystalline solid with multiple applications across various industries. This market encompasses the production, distribution, and consumption of Dicyandiamide for its diverse uses, including but not limited to pharmaceuticals, agriculture, plastics, textiles, adhesives, flame retardants, and water treatment. It plays a crucial role in pharmaceutical advancements, sustainable agriculture, and environmental stewardship, offering benefits such as improved crop yields, durability in industrial products, and safety enhancement through flame resistance.

The Dicyandiamide market is characterized by its contribution to innovation, safety, and sustainability in different sectors, making it an integral component of many industrial processes and applications. This market continually evolves to meet the demands of various industries and address environmental and safety concerns while promoting versatility and efficiency.

Some of the benefits of designing a Dicyandiamide Market include:

• Diverse Applications:With its versatility, Dicyandiamide is employed in a broad spectrum of industries, encompassing pharmaceuticals, agriculture, plastics, textiles, adhesives, flame retardants, and water treatment, making it a versatile chemical compound.
• Pharmaceutical Breakthroughs:Within the pharmaceutical sector, Dicyandiamide plays a pivotal role in drug production, including medications for diabetes and various medical therapies, contributing to advancements in healthcare.
• Sustainable Agriculture:Dicyandiamide acts as a nitrification inhibitor in fertilizers, enhancing crop yields while mitigating environmental impact, fostering sustainable and efficient agricultural practices.
• Environmental Responsibility:Dicyandiamide supports water treatment applications by aiding in impurity removal, thereby promoting cleaner and safer water sources, aligning with environmental stewardship
• Enhanced Durability:In the realm of adhesives and plastics, Dicyandiamide bolsters product durability, reducing wear and tear, extending material lifespans, and augmenting overall product performance.
• Safety and Fire Resilience:As a flame retardant, Dicyandiamide elevates material and structural safety in various industries, including textiles and construction, prioritizing safety.
• Pioneering Research:Dicyandiamide is a linchpin in laboratories worldwide, supporting experiments and investigative procedures across various scientific domains, fostering innovation and research endeavors.

COVID -19 Impact 

The COVID-19 pandemic had a multifaceted impact on the Dicyandiamide market. Supply chain disruptions and reduced manufacturing activity, stemming from lockdowns and safety measures, affected the production and availability of Dicyandiamide. Fluctuations in demand were observed, with increased usage in pharmaceuticals but decreased demand in sectors like construction and automotive. Economic uncertainty influenced investment decisions, project planning, and the need for Dicyandiamide. Logistical challenges, including shipping delays and increased costs, affected distribution. Additionally, shifts in consumer behavior, such as reduced travel and changes in purchasing patterns, indirectly influenced Dicyandiamide demand. The pandemic's impact on the market was complex, with variations by region and application, reflecting the diverse challenges and opportunities presented by the global health crisis.

Factors Driving the Market

Drivers

Increasing demand for melamine

The growing demand for melamine is a catalyst for growth across various industries. Melamine's versatility and wide array of applications, including its use in construction materials, kitchenware, automotive components, textiles, and the paper industry, drive its increasing popularity. As the global construction and infrastructure development sectors expand, the demand for melamine-based materials surges. Additionally, consumers' preference for durable and heat-resistant kitchenware and dinnerware, as well as the growth of the automotive industry, further fuels the demand for melamine-based products.

The textile and paper industry benefits from melamine's cross-linking and flame-retardant properties. Emerging markets, with their rising urbanization and expanding middle-class population, contribute to the upward trajectory in melamine demand. Continuous innovation in melamine-based products, coupled with its affordability and sustainability, propels its market growth. Furthermore, global supply chain integration enhances the reach and demand for melamine on a global scale, making it a pivotal driver of growth in multiple industries. As per Statista, In 2016, laminates and adhesives applications collectively dominated the global melamine formaldehyde market, contributing to around two-thirds of the market share, with laminates accounting for 41.3 percent and adhesives representing 21.05 percent of the market.

Rising demand for lightweight and durable materials

The increasing demand for lightweight and durable materials significantly propels market growth. Industries such as automotive, aerospace, and construction are continuously seeking materials that can reduce weight while maintaining or even enhancing durability. Lightweight materials contribute to improved fuel efficiency in vehicles and reduced energy consumption in aerospace applications. These materials also reduce overall construction costs and improve energy efficiency in buildings. Melamine formaldehyde and other advanced materials fulfill these requirements due to their lightweight properties and exceptional durability. They can be used in various components like automotive parts, aircraft interiors, and construction materials, offering both strength and reduced weight. As a result, the demand for these materials is on the rise, driving growth in the market for lightweight and durable materials. This trend aligns with the broader goals of sustainability and resource efficiency, making it a crucial driver for various industries and the market as a whole.

Challenges

Fluctuating prices of raw materials

The fluctuating prices of raw materials exert a multifaceted impact on the growth of industries and markets. These fluctuations can introduce significant uncertainty into the cost structures of businesses, directly affecting their profitability. When the prices of essential raw materials soar, profit margins can shrink, potentially leading to reduced production or necessitating price increases, which, in turn, may dampen consumer demand and market growth. Supply chain disruptions are another consequence, with sudden price spikes or shortages in raw materials interrupting production schedules and leading to delays in delivering products to the market. These delays can result in lost sales and may tarnish a company's reputation. Moreover, fluctuating raw material prices introduce uncertainty into long-term investment and planning decisions. Companies often base their strategies on expected raw material costs, and price volatility can hinder their ability to plan and invest with confidence, potentially stalling expansion and growth initiatives.

The competitive landscape is also affected, as companies that struggle to manage increased raw material costs may find themselves at a disadvantage compared to competitors with more stable cost structures. This can influence market dynamics and the growth trajectories of individual companies. Additionally, fluctuating raw material prices impact research and development efforts, as companies seek innovation to mitigate cost fluctuations. 

Trends

Growing demand from emerging markets

The surging demand from emerging markets plays a pivotal role in driving market growth across various industries. These dynamic markets are characterized by expanding consumer bases, robust economic growth, and increasing urbanization. As populations grow and incomes rise, consumers in emerging markets have greater purchasing power, fueling demand for a wide array of products and services, including chemicals, plastics, pharmaceuticals, and construction materials. Moreover, the ongoing process of industrialization in these regions further intensifies the need for raw materials and chemicals in manufacturing and production processes. Infrastructure development projects, such as transportation, energy, and telecommunications, require substantial quantities of materials, fostering market expansion. Additionally, the growing healthcare needs, agricultural expansion, and integration into global supply chains all contribute to the heightened demand for products and chemicals. In essence, emerging markets represent a significant growth opportunity for various industries, and their increasing demand continues to be a driving force behind the expansion of global markets.

 Market Segmentation 

By Grade 

• The Reagent Grade dominated the Dicyandiamide Market in 2022.
• The Pharmaceutical Grade is the fastest growing segment, growing at a CAGR of 9.4% during the forecast period.

By Grade, the global Dicyandiamide Market is divided into Electronic Grade, Industrial Grade, Pharmaceutical Grade, Others.
Reagent grade Dicyandiamide commanded the largest share in the Dicyandiamide Market in 2022, with an expected CAGR of 53.45% throughout the forecast period. This category is integral to metformin production, a critical drug for type II diabetes. The escalating number of diabetes patients propels the demand for reagent-grade Dicyandiamide. Notably, the International Diabetes Federation (IDF) reported that in 2021, around 537 million adults (aged 20-79) were living with diabetes globally. Projections indicate a further increase to 643 million by 2030 and 783 million by 2045 on a global scale. Notably, three out of every four adults with diabetes reside in low- and middle-income countries.

Reagent-grade Dicyandiamides are indispensable in laboratories worldwide, where they facilitate experiments and investigative procedures across various scientific disciplines, including chemistry, molecular biology, biochemistry, and cellular biology. Moreover, they find application as flame retardant additives in the paper and textile industry, serve as stabilizing compounds for PVC flooring, and contribute to various applications, such as powder coatings, dielectric coatings, water treatment chemicals, dye fixation processes, and select pharmaceutical applications.

The pharmaceutical grade emerged as the fastest growing in the Dicyandiamide Market during 2023-2030, attributed to the surging demand for drugs to address diabetes, particularly type II diabetes, which constitutes more than 90% of diabetes cases according to the International Diabetes Federation. Dicyandiamide's exceptional reactivity and non-hazardous nature make it a preferred choice in the manufacturing of metformin, a key drug for type II diabetes treatment. In the United States pharmaceutical industry, metformin plays an increasingly pivotal role in drug synthesis for type II diabetes patients. Moreover, India's pharmaceutical sector, ranked as the world's 3rd largest by volume and the 14th largest in terms of value, with a total annual turnover of US$ 3786 for the year 2019-2020, further underscores the robust growth within the pharmaceutical domain. Consequently, the pharmaceutical sector's expansion continues to propel the growth of the Dicyandiamide Market.

By Application

• The Fertilizer segment dominated the Dicyandiamide Market in 2022.
• Pharmaceutics is the fastest-growing segment, growing at a CAGR of 6.4% during the forecast period.

By Application, the Dicyandiamide Market is divided by (Pharmaceuticals, Epoxy Laminates, Slow-release Fertilizers, Flame Retardants, Dye Fixing, Water Treatment, Others)

The utilization of dicyandiamide is most prominent in the fertilizer industry, commanding a majority share of over 50% in the global market. Within this sector, dicyandiamide serves a crucial role as a nitrification inhibitor, effectively mitigating nitrogen loss from the soil. This translates into enhanced crop yields and a reduced environmental footprint, aligning with sustainability goals.

Concurrently, the pharmaceutical sector is the most rapidly expanding application for dicyandiamide. The compound finds wide-ranging application in pharmaceutical drug manufacturing, encompassing antibiotics, anti-inflammatory medications, and anti-cancer drugs. The dynamic growth of dicyandiamide within the pharmaceutical domain is underpinned by the escalating incidence of chronic diseases and the mounting demand for innovative pharmaceutical solutions, shaping a promising trajectory for its future expansion.

By Region

• The APAC region dominated the Dicyandiamide Market in 2022.
• The APAC region is the fastest growing segment, growing at a CAGR of 6.7% during the forecast period.

By region, the global Dicyandiamide Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.
In 2022, the Asia Pacific region dominated the Dicyandiamide Market, commanding a substantial share of nearly 36%. China, with its myriad small and medium-sized manufacturers, significantly boosted its market presence, and it became the fastest-growing import market for dicyandiamide between 2019 and 2020, with Germany, Hong Kong, and India also emerging as key importers. Dicyandiamide serves as a crucial intermediate in the production of flame retardants, fertilizers, coatings, adhesives, and more, making it indispensable across a range of industries including textiles, rubber, pharmaceuticals, agriculture, and electronics.

In the electronics sector, highlighted by Japan Electronic and Information Technology Industries Association (JEITA) with a production value of approximately US$ 68,188.68 million in 2019, dicyandiamide plays an essential role. As the sole substitute for dimethylformamide and considering its association with pollution, dicyandiamide manufacturing is primarily concentrated in China. The burgeoning demands and developments in China and India are driving steady expansion in the Asia Pacific. Additionally, the region holds a prominent position as a metformin producer and exporter globally, further fueling market growth prospects during the forecast period.

Competitive Landscape

The global Dicyandiamide Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• AlzChem Group AG

AlzChem Group AG, based in Trostberg, Bavaria, Germany, is a prominent specialty chemicals firm. It is a leading manufacturer of calcium cyanamide and its derivatives, widely applied in various industries, including agriculture, plastics, and pharmaceuticals. AlzChem also offers a diverse portfolio of specialty chemicals like melamine, dicyandiamide, and cyanuric chloride. Established in 1895, AlzChem has been publicly listed on the Frankfurt Stock Exchange since 1998. The company operates across four production facilities in Germany and one in Sweden, employing approximately 1,680 individuals. It maintains a global presence through sales offices and representatives.

• Ningxia Darong Industry Group Co., Ltd.

Ningxia Darong Industry Group Co., Ltd. (Darong Group) stands as a leading Chinese manufacturer specializing in calcium cyanamide, its derivatives, and other specialty chemicals. The company's headquarters is situated in Shizuishan, Ningxia, with production facilities strategically located in Ningxia, Gansu, and Hebei provinces. Darong Group maintains a global presence through its network of sales offices and representatives.

Established in 1984, Darong Group has achieved remarkable growth, now ranking among China's largest and most successful specialty chemicals companies. Its versatile product range finds applications across diverse industries, including agriculture, plastics, pharmaceuticals, construction, and water treatment. Darong Group is unwavering in its commitment to sustainability and innovation. The company places substantial investments in pioneering technologies that aim to mitigate the environmental footprint of its products and processes. Furthermore, Darong Group is actively engaged in the development of new products and applications for calcium cyanamide and its derivatives, reinforcing its dedication to industry advancement and environmental responsibility.

• Ningxia Jiafeng Chemicals Co., Ltd.

Ningxia Jiafeng Chemicals Co., Ltd. is a prominent chemical company located in Ningxia, China. The company has established itself as a leading manufacturer of various chemical products, making significant contributions to the industry. Jiafeng Chemicals is known for its specialization in the production of chemicals such as dicyandiamide and cyanuric chloride. Founded in 1999, the company has steadily grown and expanded its operations, gaining recognition within the chemical sector in China and internationally. Jiafeng Chemicals prides itself on its commitment to innovation and sustainability. The company continuously invests in cutting-edge technologies to enhance its products and processes, with a strong focus on reducing its environmental impact. This dedication to sustainability is in line with the growing global emphasis on eco-friendly practices.

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

Recent Developments

• In August 2021, Jiafeng Chemical USA Co LTD launched a state-of-the-art production line dedicated to electronic-grade Dicyandiamide, designed for its application as a curing agent in epoxy resins. 
• In June 2020, the company embarked on enhancing its Dicyandiamide production capabilities by constructing a cutting-edge production line equipped with advanced technology and machinery. This expansion has significantly increased the company's Dicyandiamide production capacity, enabling the production of up to 40,000 metric tons per year.

Dicyandiamide Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL DICYANDIAMIDE MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY 

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL DICYANDIAMIDE MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL DICYANDIAMIDE MARKET, BY GRADE

5.1 Overview

5.2  Electronic Grade

5.3 Industrial Grade

5.4 Pharmaceutical Grade

5.5 Others

6 GLOBAL DICYANDIAMIDE MARKET, BY APPLICATION

6.1 Overview

6.2 Pharmaceuticals

6.3 Epoxy Laminates

6.4 Slow-release Fertilizers

6.5 Flame Retardants

6.6 Dye Fixing

6.7 Water Treatment

6.8 Others

7 GLOBAL DICYANDIAMIDE MARKET, By REGION

7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.9 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.9 Mexico

7.4.10 Rest of South America

8 COMPANY PROFILES

8.1 AlzChem Group AG

8.1.1. Company Overview

8.1.2. Key Executives

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Financial Performance (As per availability)

8.1.6 Key News

8.2 Ningxia Darong Industry Group Co., Ltd.

8.2.1. Company Overview

8.2.2. Key Executives

8.2.3. Operating Business Segments

8.2.4. Product Portfolio

8.2.5. Financial Performance (As per availability)

8.2.6. Key News

8.3 Ningxia Jiafeng Chemicals Co., Ltd.

8.3.1. Company Overview

8.3.2. Key Executives

8.3.3. Operating Business Segments

8.3.4. Product Portfolio

8.3.5. Financial Performance (As per availability)

8.3.6. Key News

8.4   Ningxia Yinglite Chemical Co., Ltd.

8.4.1. Company Overview

8.4.2. Key Executives

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Financial Performance (As per availability)

8.4.6. Key News

8.5 Ningxia Blue-White-Black Activated Carbon Co. Ltd.

8.5.1. Company Overview

8.5.2. Key Executives

8.5.3. Operating Business Segments

8.5.4. Product Portfolio

8.5.5. Financial Performance (As per availability)

8.5.6. Key News

8.6  Ningxia Sunnyfield Chemical Co. Ltd.

8.6.1. Company Overview

8.6.2. Key Executives

8.6.3. Operating Business Segments

8.6.4. Product Portfolio

8.6.5. Financial Performance (As per availability)

8.6.6. Key News

8.7 Shizuishan Pengsheng Chemical Co., Ltd.

8.7.1. Company Overview

8.7.2. Key Executives

8.7.3. Operating Business Segments

8.7.4. Product Portfolio

8.7.5. Financial Performance (As per availability)

8.7.6. Key News

8.8 Benco Chemical LTD LLC

8.8.1. Company Overview

8.8.2. Key Executives

8.8.3. Operating Business Segments

8.8.4. Product Portfolio

8.8.5. Financial Performance (As per availability)

8.8.6. Key News

8.9AKASH PUROCHEM PRIVATE

8.9.1. Company Overview

8.9.2. Key Executives

8.9.3. Operating Business Segments

8.9.4. Product Portfolio

8.9.5. Financial Performance (As per availability)

8.9.6. Key News

8.10  Nippon Carbide Industries

8.10.1. Company Overview

8.10.2. Key Executives

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Financial Performance (As per availability)

8.10.6. Key News

8.11 SAE Manufacturing Specialties Corp

8.11.1. Company Overview

8.11.2. Key Executives

8.11.3. Operating Business Segments

8.11.4. Product Portfolio

8.11.5. Financial Performance (As per availability)

8.11.6. Key News

8.12 ChemCeed

8.12.1. Company Overview

8.12.2. Key Executives

8.12.3. Operating Business Segments

8.12.4. Product Portfolio

8.12.5. Financial Performance (As per availability)

8.12.6. Key News

8.13  BariteWorld

8.13.1. Company Overview

8.13.2. Key Executives

8.13.3. Operating Business Segments

8.13.4. Product Portfolio

8.13.5. Financial Performance (As per availability)

8.13.6. Key News

8.14   U.S. Chemical, LLC

8.14.1. Company Overview

8.14.2. Key Executives

8.14.3. Operating Business Segments

8.14.4. Product Portfolio

8.14.5. Financial Performance (As per availability)

8.14.6. Key News

8.15 Mil-Spec Industries

8.15.1. Company Overview

8.15.2. Key Executives

8.15.3. Operating Business Segments

8.15.4. Product Portfolio

8.15.5. Financial Performance (As per availability)

8.15.6. Key News

8.16 PG International

8.16.1. Company Overview

8.16.2. Key Executives

8.16.3. Operating Business Segments

8.16.4. Product Portfolio

8.16.5. Financial Performance (As per availability)

8.16.6. Key News

8.17 Jiafeng Chemicals USA Co Ltd

8.17.1. Company Overview

8.17.2. Key Executives

8.17.3. Operating Business Segments

8.17.4. Product Portfolio

8.17.5. Financial Performance (As per availability)

8.17.6. Key News

8.18 Jiafeng Chemicals USA Co Ltd

8.18.1. Company Overview

8.18.2. Key Executives

8.18.3. Operating Business Segments

8.18.4. Product Portfolio

8.18.5. Financial Performance (As per availability)

8.18.6. Key News

8.19 OPQ Chemical Co., Ltd

8.19.1. Company Overview

8.19.2. Key Executives

8.19.3. Operating Business Segments

8.19.4. Product Portfolio

8.19.5. Financial Performance (As per availability)

8.19.6. Key News

8.20 Alzchem Group AG

8.20.1. Company Overview

8.20.2. Key Executives

8.20.3. Operating Business Segments

8.20.4. Product Portfolio

8.20.5. Financial Performance (As per availability)

8.20.6. Key News

Global Dicyandiamide Market Segmentation

Dicyandiamide by Grade: Market Size & Forecast 2023-2030

• Electronic Grade
• Industrial Grade
• Pharmaceutical Grade
• Others

Dicyandiamide by Application: Market Size & Forecast 2023-2030

• Pharmaceuticals
• Epoxy Laminates
• Slow-release Fertilizers
• Flame Retardants
• Dye Fixing
• Water Treatment
• Others

Dicyandiamide by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

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