Sodium Thiocyanate Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027Price: 3200/- USD | Published Date: September 22, 2020 |
The global sodium thiocyanate market size is projected to grow at the CAGR of over 6% market during 2020-2027. Sodium thiocyanate, also known as sodium sulphocyanide is a colorless salt and is a key source of thiocyanate anion. It is a chemical compound that is produced by a reaction between cyanide and elemental sulfur. Sodium thiocyanate is also known as Sodium Rhodanide, Sodium Rhodanide, Sodium Isocyanate, Thiocyanate Acid, and Sodium Salt. It appears as a white rhombic crystal structure that is soluble in water, acetone, and ethanol. It has a relative density is 1.735 and has a melting point of approximately 287oC.
Sodium thiocyanate is used for a wide range of applications ranging from personal care products to the building and construction industry. Pharmaceutical is the major industry that has highly contributed to the growth of the sodium thiocyanate market in recent years. High demand for sodium thiocyanate from the pharmaceutical industry is driving the growth of the global sodium thiocyanate market worldwide owing to its high as a raw material in the production of a wide range of pharmaceutical products. Growing building and construction activities in emerging economies, especially the Asia Pacific has led to high demand for sodium thiocyanate in the global market. Sodium thiocyanate is used as a hardening accelerator for concrete and cement mixes; resulting high demand is reported for sodium thiocyanate from the construction industry. Other industries such as pesticide and personal care products are also anticipated to boost market demand for sodium thiocyanate in the near future.
Market Segment Insights:
Major applications of sodium thiocyanate are into end-use industries such as pharmaceutical, fiber, architecture, pesticide, personal care products, and others. Sodium thiocyanate is widely used in the pharmaceutical industry; as a raw material for the production of various pharmaceutical products. The pharmaceutical industry has a high demand and is expected to fuel demand for the sodium thiocyanate market. Sodium thiocyanate has major applications in the fiber industry. It is used as a spinning solvent for polyacrylonitrile, to boost the growth of global sodium thiocyanate in the market. Growing building and construction activities worldwide has led to high demand for sodium thiocyanate in the market. It is used as a hardening accelerator for cement and concrete mixes. Other end-user industries such as pesticide and personal care products among others are also projected to fuel market growth of sodium thiocyanate during the forecast period 2020 to 2027.
Global Sodium Thiocyanate Market Segmentation:
By End-User, 2018–2027 (US$ Mn)
- Personal Care Products
By Geography, 2018-2027 (US$ Mn)
- North America
- Asia Pacific
- Latin America (LATAM)
- Middle East and Africa (MEA)
The Asia Pacific accounted for the fastest-growing market for the global sodium thiocyanate market in 2016. Growing demand for sodium thiocyanate from the pharmaceutical industry is the major factor driving the growth of sodium thiocyanate in the region. Increasing constructional activities in emerging economies such as China and India is another factor contributing to the growth of the global sodium thiocyanate market. Hence, high demand is reported for sodium thiocyanate from the Asia Pacific. North America is also anticipated to boost market demand for sodium thiocyanate. Growing demand from the fiber industry in North America has boosted market demand for sodium thiocyanate. The use of sodium thiocyanate as a spinning solvent has driven the market growth of sodium thiocyanate in North America.
Market Competition Assessment:
The major players currently operating in the global sodium thiocyanate market include AkzoNobel, Alfa Aesar, Amsyn Inc., CellMark USA, LLC., Evonik Degussa Industries, Flexsys, Henan Yindu Chemical, Jiaozuo Henghua Chemical, Ronas Chemical Inc. Co, Ltd., Spectrum Chemical, Taisheng Chemical, and TBI Corporation.
List of Key Companies:
- Alfa Aesar
- Amsyn Inc.
- CellMark USA, LLC.
- Evonik Degussa Industries
- Henan Yindu Chemical
- Jiaozuo Henghua Chemical
- Ronas Chemical Inc. Co, Ltd.
- Spectrum Chemical
- Taisheng Chemical
- TBI Corporation
Key Questions Answered by Sodium Thiocyanate Market Report
- Global sodium thiocyanate market forecasts from 2020-2027
- Regional sodium thiocyanate market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East, and Africa, and Latin America
- Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
- Sodium Thiocyanate submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to sodium thiocyanate market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level sodium thiocyanate markets from 2020-2027
- Competitive Landscape and market positioning of top 10 players operating in the sodium thiocyanate market
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Table of Content:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Global Sodium Thiocyanate Market Portraiture
2.2 Global Sodium Thiocyanate Market, by End-User, 2019 (US$ Mn)
2.3 Global Sodium Thiocyanate Market, by Geography, 2019 (Value %)
Chapter 3 Global Hyaluronic Acid Market Analysis
3.1 Global Sodium Thiocyanate Market Overview
3.2 Major Market Trends and Key Takeaways
3.3 Market Dynamics
3.3.1 Market Drivers
220.127.116.11 Increasing use of Sodium thiocyanate in the fiber industry
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Sodium Thiocyanate Market, 2019
Chapter 4 Global Sodium Thiocyanate Market, by End-User, 2018-2027 (US$ Mn)
4.6 Personal Care Products
Chapter 5 Global Sodium Thiocyanate Market, by Geography, 2018-2027 (US$ Mn)
5.2 North America (U.S. and Canada)
5.3 Europe (U.K., Germany and Rest of Europe)
5.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
5.5 Latin America (Mexico, Brazil and Rest of LATAM)
5.6 Middle East and Africa (GCC, and Rest of Middle East and Africa)
Chapter 6 Company Profiles
6.2 Alfa Aesar
6.3 Amsyn Inc.
6.4 CellMark USA, LLC.
6.5 Evonik Degussa Industries
6.7 Henan Yindu Chemical
6.8 Jiaozuo Henghua Chemical
6.9 Ronas Chemical Inc. Co, Ltd.
6.10 Spectrum Chemical
6.11 Taisheng Chemical
6.12 TBI Corporation
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