Sodium Thiocyanate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI2093

Summary Methodology

Sodium Thiocyanate Market size is increasing in demand due to its wide usage in various industries including synthetic fibre, pharmaceutical, photography, electroplating, pesticide, personal care products and as accelerator for cement industry, owing to its beneficiary properties.

The product is also identified as sodium sulphocyanide is a colourless salt and an important source of thiocyanate anion, with the formula NaSCN. It is produced by the reaction in between elemental sulphur and cyanide, used as chaotropic agent which is utilized in large scale applications. It is a crystal having melting point of 287-degree Celsius, relative density of 1.735 and easily dissolves in water, acetone and ethanol. On heating under light sodium thiocyanate decomposes to produce harmful fumes of nitrogen oxides, cyanides and sulphur oxide. It undergoes a chemical change vigorously when in contact with acids, strong oxidants and strong bases.

Based on application sodium sulphocyanide is split into synthetic fibre, pharmaceutical, photography, electroplating, pesticide, personal care products and architecture. It serves as a basic material in the manufacture of pharmaceuticals products which is gearing the demand of the same in the global market. Sodium sulphocyanide plays a significant role in the fibre industry as a spinning solvent for polyacrylonitrile. It is used as a hardening agent for concrete and cement mixes which encourages demand in global construction industry.

Asia Pacific demands high sodium thiocyanate market from the pharmaceutical industry and growing construction industry. The increasing constructional activities in emerging and developing economies in India and China are driving the product market growth.  Asia Pacific construction industry accounted for 31% of the total market share in 2005 and is forecasted to account 46% of the total market share by 2020.

North America witness an increase in demand of sodium thiocyanate market due to the practice of using it as a spinning solvent in fibre industry. In addition, growing pharmaceutical industry in the U.S. will boost the product market size.

The chemical has been believed to be hazardous and can cause eye and skin irritation and pulmonary disorders and may hinder sodium thiocyanate market growth. Safety issues pertaining to the handling and usage of the product may hinder the product market growth in future period as companies will look for safer alternatives.

The key industry players presently operating in the global sodium thiocyanate market includes AkzoNobel, Puyang Chenlong, Alfa Aesar, Jiangsu Liaoyuan, Amsyn Inc, Dongfang Huagong, CellMark USA LLC., Henghua Chemical, Evonik Degussa Industries, Tangshan Sanjiang, Henan Yindu Chemical, Nanxiong Huiyuan Chemical Technology, Jiangsu Liaoyuan Environmental Protection Technology, Haihua Energy Group, Spectrum Chemical, Tianshui Chemical, Jiaozuo Henghua Chemical, Dongsheng Chemical, Ronas Chemical, Hebei Chengxin, Taisheng Chemical, Anhui Shuguang Chemical, Shandong Tiancheng Chemical, Honeywell, Henan Province Tianshui Chemical, Taian Xintian Environmental Protection Science and Technology and Suzhou Bluewater New Material & Tech.

What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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