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Sodium Thiocyanate Market By End-User (Pharmaceuticals, Fiber, Architecture, Pesticide, Personal Care Products) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Sodium thiocyanate is a chemical compound which appears to be colorless or white powder. This powder easily dissolves in ethanol, water and acetone. It is a rhombic system crystal which has relative density 1.735 and melting point of 287 degree Celsius. Sodium thiocyanate decomposes on heating under light and produces harmful fumes of sulfur oxide, cyanides and nitrogen oxides. It reacts vigorously with strong bases, acids and strong oxidants. Due to these properties of sodium thiocyanate, it is used for wide range of applications in various end-user industries. Industries such as pharmaceutical, fiber, architecture, pesticide and personal care products among others are the major consumers of sodium thiocyanate worldwide.

Sodium thiocyanate is used for a wide range of applications ranging from personal care products to building and construction industry. The major industry which has highly contributed to the growth of sodium thiocyanate market is the pharmaceutical industry. Sodium thiocyanate is used as a raw material in production of wide range of pharmaceutical products. Hence, high demand for sodium thiocyanate from the pharmaceutical industry is driving the growth of global sodium thiocyanate market worldwide. Growing building and construction activities in emerging economies, especially 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. Therefore, high demand is reported for sodium thiocyanate from the construction industry worldwide. Other industries such as pesticide and personal care products are also anticipated to boost market demand for sodium thiocyanate in the near future.

Sodium thiocyanate market is expected to reach over US$ 1454.0 Mn by 2022, growing at a CAGR ranging from 4.5% to 6.0% during the forecast period 2016-2022.

 

Sodium Thiocyanate Market

Purpose of the Report

The purpose of this strategic research study titled “Global Sodium Thiocyanate Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global sodium thiocyanate market.

Target Audience

  • Industry Investors
  • Sodium Thiocyanate Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Sodium Thiocyanate Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global sodium thiocyanate market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading sodium thiocyanate vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within sodium thiocyanate industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global sodium thiocyanate market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

On the basis of its application, the Sodium Thiocyanate market is categorized into following end-user segments:

  • Pharmaceuticals
  • Fiber
  • Architecture
  • Pesticide
  • Personal Care Products
  • Others

Sodium Thiocyanate Market

Sodium Thiocyanate is a chemical compound which is also known as Sodium sulphocyanide, Sodium rhodanide, Sodium rhodonate and Thiocyanic acid among others. It is a chemical compound which has a formula NaSCN. Sodium Thiocyanate is in the form of colorless powder that is known to be the main sources of Thiocyanate anion. The major applications of sodium thiocyanate is into end-user industries such as pharmaceutical, fiber, architecture, pesticide, personal care products and others. Among the above mentioned end-user industries, sodium thiocyanate is used on a large scale in the pharmaceutical industry. It is used as a raw material for production of various pharmaceutical products. High demand is observed from pharmaceutical industry and hence, is expected to fuel demand for sodium thiocyanate market. Sodium thiocyanate has major application in the fiber industry. It is used as a spinning solvent for polyacrylonitrile. Therefore fiber industry is also anticipated to boost 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 2015 to 2022.

On the basis of geography, the global sodium thiocyanate market is segmented into following categories,

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa
  • Rest of the World (RoW)
    • Australia
    • Brazil
    • Rest of RoW

 

Sodium Thiocyanate Market

Asia Pacific accounted as the fastest growing market for global sodium thiocyanate market in 2016. Growing demand for sodium thiocyanate from the pharmaceutical industry is the major factor driving the growth of global sodium thiocyanate in the region. Increasing constructional activities in the emerging economies such as China and India is another factor contributing to the growth of global sodium thiocyanate market. Hence, high demand is reported for sodium thiocyanate from Asia Pacific. North America is also anticipated to boost market demand for sodium thiocyanate. Growing demand from the fiber industry in the region has boosted market demand for sodium thiocyanate in the region. The use of sodium thiocyanate as a spinning solvent has driven market growth of sodium thiocyanate in North America. Other regions such as Europe, Middle East and Rest of the World are also projected to boost market demand for sodium thiocyanate during the forecast period from 2015 to 2022.

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Published Date:  May 2016
Category:  Chemicals
Report ID:   57839
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
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