What is Sodium Thiocyanate?
Sodium thiocyanate is also called as sodium sulphocyanide. It is colourless chemical compound. It is available in both solid and liquid form. It I mainly act as precursor in number of chemical process. Thus, it is widely used in pharmaceutical industry as specialty chemicals. Thus it is widely used as functional ingredient in several cement mixes. In addition, it is broadly used as leavening agent in baking and other confectionary products. It’s applicability in construction, personal care products, and fibres. Thus, owing to its wide applicability, the demand for Sodium Thiocyanate has been raised.
The market study is broken down and major geographies with country level break-up.
The market of Sodium Thiocyanate is anticipated to grow with increasing demand from multiple industrial sectors. Several companies are operating in the market to provide sodium thiocyanate. The market is highly fragmented with the presence of number of market players. Rising profitability owing to preference for fertilizers, many new entries has created competitive rivalry. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DuPont (United States), BASF SE (Germany), Merck KGaA (Germany), Shanghai Chemex Group (China), Haihang Industry (China), VWR International, LLC. (China), Taisheng Chemical (China), Sisco Research Laboratories Pvt. Ltd. (India), Plater Group (United Kingdom), Alliance Chemicals Limited (United Kingdom), Redox (Signapore), Ottokemi (India) and Ronas Chemical (India) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Sodium Thiocyanate market by Type, Application and Region.
On the basis of geography, the market of Sodium Thiocyanate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form , the sub-segment i.e. Solid {Crystalline, Pallet} will boost the Sodium Thiocyanate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Sodium Thiocyanate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. HPDE Bags will boost the Sodium Thiocyanate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Construction will boost the Sodium Thiocyanate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Industrial will boost the Sodium Thiocyanate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Growing Preference for Sodium Thiocyanate for Concrete and Cement Mixes
Market Drivers
- Rising Demand for Sodium Thiocyanate in Consumer Goods & Food and Beverages Industry
- Increasing Construction Investments for Fertilizers Production
- Enhanced Focus on Using Personal Care Products
Opportunities
- Rising Construction and Pharmaceutical Industrial Infrastructure of Asia Pacific Region
Restraints
- Adverse Health Effect like Respiratory Tract Irritation owing to Inhalation of Sodium Thiocyanate
Challenges
- Availability of Alternatives
- Strengthen Government Regulations
- Supply Chain Disruption Owing to Pandemic
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.