According to a recent market study published by Growth Market Reports, titled, “Global Guanidine Market by Types (Guanidine Nitrate, Guanidine Hydrochloride, Guanidine Carbonate, and Others), by Applications (Pharmaceutical, Pesticide, and Dye), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was valued at USD 362.8 Mn in 2022 and is projected to reach USD 465 Mn by 2031, expanding at a CAGR of 2.8% during the forecast period, 2023-2031.
Key Market Players Profiled in the Report
- Borealis AG
- Vihita Chem Private Limited.
- Sanwa Chemical CO. Ltd.
- Alzchem Group AG
- Merck KGaA
- Thermo Fisher Scientific Inc.
- MP BIOMEDICALS.
- Shizuishan Pengsheng Chemical Co., Ltd
- NIPPON CARBIDE INDUSTRIES CO., INC.
- Suvchem
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, device, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
Market Segment Highlights:
Based on regions, the market is classified as North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The market in the Asia Pacific is expected to hold a major share of the market due to the increasing demand for chemicals and the increasing use of guanidine in pharmaceuticals, chemicals, and other products.
The market in Europe is expected to register a considerable CAGR during the forecast period owing to the increasing use of guanidine carbonate in the cosmetics industry.
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Key Takeaways from the Study:
- Guanidine is a crystalline compound material compound of strong alkalinity formed by the oxidation of guanine.
- The demand for guanidine hydrochloride and guanidine thiocyanate for protein denaturants in the pharmaceuticals industry is rapidly increasing which is expected to create new opportunities for the global market.
- Guanidine carbonates are used as raw material in the cosmetics industry such as for the formulation of hair strengthening and with the ongoing urbanization in emerging economies, the number of salons and parlors is going to increase which as a result help increase the demand for guanidine carbonates in the coming years.
- Based on types, the market is segmented into guanidine nitrate, guanidine hydrochloride, guanidine carbonate, and others. The guanidine nitrate segment holds a large share of the market as the demand for guanidine nitrate is rapidly increasing to use in pesticides in agribusiness.
- In terms of application, the market is divided into pharmaceutical, pesticide, and dye. The pharmaceuticals segment is anticipated to register a considerable CAGR during the forecast period owing to the rising adoption of guanidine substrates for various applications.
Read 161 Pages Research Report with Detailed TOC on “Global Guanidine Market by Types (Guanidine Nitrate, Guanidine Hydrochloride, Guanidine Carbonate, and Others), by Applications (Pharmaceutical, Pesticide, and Dye), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031”
Key Segments Covered
Types
-
- Guanidine Nitrate
- Guanidine Hydrochloride
- Guanidine Carbonate
- Others
Applications
- Pharmaceuticals
- Dye
- Pesticides
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
About Growth Market Reports:
Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
