Dicyandiamide Market Size by Grade, Application, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2034

2.7%
CAGR (2026-2034)
347.87 USD Mn.
Forecast Market Size
322
Report Pages
140
Market Tables

Overview

The Dicyandiamide Market size was valued at USD 347.87 Million in 2025 and the total Dicyandiamide revenue is expected to grow at a CAGR of 2.7% from 2026 to 2034, reaching nearly USD 442.13 Million.

Dicyandiamide Market Definition:

Dicyandiamide is mainly used as raw material for the production of active pharmaceutical ingredients (API) to manufacture anti-diabetic medicines. It is also used as a curing agent in epoxy resins and laminates circuit boards as well as adhesives. The compound is also used in the production of organic chemicals, which include, water treatment chemicals, slow and controlled nitrogen release fertilizers, dye fixing agents, and pharmaceuticals. There is a different grade of dicyandiamide is available in the market based on its purity. Thus, during the study of the global dicyandiamide market, MMR analysts have considered the dicyandiamide compound to analyze the market.

Dicyandiamide Market Size, Growth and Share Analysis

Dicyandiamide Market size

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Dicyandiamide Market Drivers:

Dicyandiamide is used as an active pharmaceutical ingredient in the production of metformin on a large scale which helps in the improvement of glucose in diabetes patients is the main driver of the global dicyandiamide market. For example, the development in the U.S. pharmaceutical industry the product is increasingly used in the synthesis of drugs for treating patients suffering from type II diabetes. As the product is vastly reactive and non-hazardous, it is widely used in manufacturing metformin drug. The United States is the largest pharmaceutical market which accounted for about 45% of the global share in 2021. Dicyandiamide is used as an intermediate during the manufacturing of flame retardants, fertilizers, coating, adhesives, and others. The development of non-toxic ultra-micronized dicyandiamide with better-quality performance for the production coatings, adhesives, and others are expected to create new opportunities for dicyandiamide over the forecast period.

Dicyandiamide is a free-flowing white-colored versatile chemical with diverse applications. Extensive use of the product in wastewater treatment plants as a decoloring agent or flocculating agent will drive the market in the future. Growth in the wastewater treatment industry in the European countries will have a substantial impact on the dicyandiamide market. The region has above 18,000 wastewater treatment plants in operation. As the region’s major attention is sustainable development and to promote eco-friendly products & techniques, the demand for dicyandiamide will rise in the future. Also, the rising lack of clean water will lead to increased water treatment facilities in developing countries which will further boost the demand in the market.

Nevertheless, the easy availability of cost-effective and better performing substitutes will hinder the growth of dicyandiamide market in the ensuing years. Such as, manufacturers choose to use urea as raw materials for the production of melamine.

Dicyandiamide Market Segment Analysis:

By grade segment, the pharmaceutical grade segment commanded the dicyandiamide market in 2025. Because of the growing usage of dicyandiamide for pharmaceutical and epoxy laminates application is one of the major factors for the expected increase in demand for dicyandiamide. As well, the rising diabetic populace over the globe has made a requirement for anti-diabetic medications, which is expected to drive interest for dicyandiamide amid the estimated time frame.

Region-wise, Asia Pacific is expected to hold the largest market share in the dicyandiamide market, because of the rising product manufacturers in this region. A large number of small & medium-sized manufacturers in China and Japan have helped in occupying a noteworthy market share. Also, developments in end-use sectors like electronics, agriculture, textile, etc. are expected to boost the demand in the dicyandiamide market in the future.

The objective of the report is to present a comprehensive analysis of the Global Dicyandiamide Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Dicyandiamide Market dynamics, structure by analyzing the market segments and project the Global Dicyandiamide Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Dicyandiamide Market make the report investor’s guide.

Dicyandiamide Market Recent Development

Date Company Development Impact
14 January 2025 Alzchem Group AG Alzchem expanded its production capacity for high-purity dicyandiamide (DICY) to meet surging demand in epoxy resin curing applications. The expansion enhances global supply security for aerospace and automotive composite manufacturers.
22 April 2025 Ningxia Jiafeng Chemical Co., Ltd. The company commercialized a novel eco-friendly synthesis process for industrial-grade dicyandiamide aimed at lowering carbon emissions during production. This initiative reduces manufacturing energy consumption by 15% while complying with stricter environmental regulations.
18 August 2025 Merck KGaA Merck introduced an ultra-pure grade of dicyandiamide for pharmaceutical intermediate synthesis. It boosts reaction yields for metformin production, strengthening the pharmaceutical supply chain globally.
11 November 2025 Yichang Sanxie Fine Chemical Entered a strategic collaboration with regional distributors to supply customized dicyandiamide-based water treatment agents. The deal accelerates market penetration across industrial wastewater decolorization facilities in Southeast Asia.
16 February 2026 Nippon Carbide Industries Co., Inc. Launched an advanced micronized dicyandiamide hardener formulation tailored for electronic circuit board adhesives. Improves thermal stability and shelf-life efficiency in next-generation semiconductor packaging.

Dicyandiamide Market Scope: Inquire before buying

Dicyandiamide Market
Report Coverage Details
Base Year: 2025 Forecast Period: 2026-2034
Historical Data: 2020 to 2025 Market Size in 2025: USD 347.87 Mn.
Forecast Period 2026 to 2034 CAGR: 2.7% Market Size in 2034: USD 442.13 Mn.
Segments Covered: by Grade Electronic Grade
Industrial Grade
Pharmaceutical Grade
Others
by Application Pharmaceuticals
Epoxy Laminates
Slow-release Fertilizers
Flame Retardants
Dye Fixing
Water Treatment
Others

Dicyandiamide Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Dicyandiamide Market, Key Players

1. AlzChem Group AG
2. Ningxia Darong Industry Group Co., Ltd.
3. Ningxia Jiafeng Chemicals Co., Ltd.
4. Ningxia Yinglite Chemical Co., Ltd.
5. Ningxia Blue-White-Black Activated Carbon Co. Ltd.
6. Ningxia Sunnyfield Chemical Co. Ltd.
7. Shizuishan Pengsheng Chemical Co., Ltd.
8. Benco Chemical LTD LLC
9. Akash Purochem Private
10. Nippon Carbide Industries
11. SAE Manufacturing Specialties Corp.
12. ChemCeed
13. BariteWorld
14. U.S. Chemical, LLC
15. Mil-Spec Industries

Frequently Asked Questions:

1. Which region has the largest share in Global Dicyandiamide Market?
Ans: Asia Pacific region held the highest share in 2025.

2. What was the Global Dicyandiamide Market size in 2025?
Ans: The Global Dicyandiamide Market size was USD 347.87 Million in 2025.

3. What is scope of the Global Dicyandiamide Market report?
Ans: Global Dicyandiamide Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Dicyandiamide Market?
Ans: The important key players in the Global Dicyandiamide Market are – AlzChem Group AG, Ningxia Darong Industry Group Co., Ltd., Ningxia Jiafeng Chemicals Co., Ltd., Ningxia Yinglite Chemical Co., Ltd., Ningxia Blue-White-Black Activated Carbon Co. Ltd., Ningxia Sunnyfield Chemical Co. Ltd., Shizuishan Pengsheng Chemical Co., Ltd., Benco Chemical LTD LLC, Akash Purochem Private, Nippon Carbide Industries, SAE Manufacturing Specialties Corp., ChemCeed, BariteWorld, U.S. Chemical, LLC, and Mil-Spec Industries.

5. What is the study period of this Market?
Ans: The Global Dicyandiamide Market is studied from 2020 to 2034.

Table of Contents

1. Dicyandiamide Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Dicyandiamide Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Business Segment 2.3.3. End-user Segment 2.3.4. Revenue (2025) 2.3.5. Company Locations 2.4. Leading Dicyandiamide Market Companies, by market capitalization 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 3. Dicyandiamide Market: Dynamics 3.1. Dicyandiamide Market Trends by Region 3.1.1. North America Dicyandiamide Market Trends 3.1.2. Europe Dicyandiamide Market Trends 3.1.3. Asia Pacific Dicyandiamide Market Trends 3.1.4. Middle East and Africa Dicyandiamide Market Trends 3.1.5. South America Dicyandiamide Market Trends 3.2. Dicyandiamide Market Dynamics by Region 3.2.1. North America 3.2.1.1. North America Dicyandiamide Market Drivers 3.2.1.2. North America Dicyandiamide Market Restraints 3.2.1.3. North America Dicyandiamide Market Opportunities 3.2.1.4. North America Dicyandiamide Market Challenges 3.2.2. Europe 3.2.2.1. Europe Dicyandiamide Market Drivers 3.2.2.2. Europe Dicyandiamide Market Restraints 3.2.2.3. Europe Dicyandiamide Market Opportunities 3.2.2.4. Europe Dicyandiamide Market Challenges 3.2.3. Asia Pacific 3.2.3.1. Asia Pacific Dicyandiamide Market Drivers 3.2.3.2. Asia Pacific Dicyandiamide Market Restraints 3.2.3.3. Asia Pacific Dicyandiamide Market Opportunities 3.2.3.4. Asia Pacific Dicyandiamide Market Challenges 3.2.4. Middle East and Africa 3.2.4.1. Middle East and Africa Dicyandiamide Market Drivers 3.2.4.2. Middle East and Africa Dicyandiamide Market Restraints 3.2.4.3. Middle East and Africa Dicyandiamide Market Opportunities 3.2.4.4. Middle East and Africa Dicyandiamide Market Challenges 3.2.5. South America 3.2.5.1. South America Dicyandiamide Market Drivers 3.2.5.2. South America Dicyandiamide Market Restraints 3.2.5.3. South America Dicyandiamide Market Opportunities 3.2.5.4. South America Dicyandiamide Market Challenges 3.3. PORTER's Five Forces Analysis 3.4. PESTLE Analysis 3.5. Technology Roadmap 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Key Opinion Leader Analysis For Dicyandiamide Industry 3.8. Analysis of Government Schemes and Initiatives For Dicyandiamide Industry 3.9. Dicyandiamide Market Trade Analysis 3.10. The Global Pandemic Impact on Dicyandiamide Market 4. Dicyandiamide Market: Global Market Size and Forecast by Segmentation (in USD Million) 2025-2034 4.1. Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 4.1.1. Electronic Grade 4.1.2. Industrial Grade 4.1.3. Pharmaceutical Grade 4.1.4. Others 4.2. Dicyandiamide Market Size and Forecast, by Application (2025-2034) 4.2.1. Pharmaceuticals 4.2.2. Epoxy Laminates 4.2.3. Slow-release Fertilizers 4.2.4. Flame Retardants 4.2.5. Dye Fixing 4.2.6. Water Treatment 4.2.7. Others 4.3. Dicyandiamide Market Size and Forecast, by Region (2025-2034) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Dicyandiamide Market Size and Forecast by Segmentation (in USD Million) 2025-2034 5.1. North America Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 5.1.1. Electronic Grade 5.1.2. Industrial Grade 5.1.3. Pharmaceutical Grade 5.1.4. Others 5.2. North America Dicyandiamide Market Size and Forecast, by Application (2025-2034) 5.2.1. Pharmaceuticals 5.2.2. Epoxy Laminates 5.2.3. Slow-release Fertilizers 5.2.4. Flame Retardants 5.2.5. Dye Fixing 5.2.6. Water Treatment 5.2.7. Others 5.3. North America Dicyandiamide Market Size and Forecast, by Country (2025-2034) 5.3.1. United States 5.3.1.1. United States Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 5.3.1.1.1. Electronic Grade 5.3.1.1.2. Industrial Grade 5.3.1.1.3. Pharmaceutical Grade 5.3.1.1.4. Others 5.3.1.2. United States Dicyandiamide Market Size and Forecast, by Application (2025-2034) 5.3.1.2.1. Pharmaceuticals 5.3.1.2.2. Epoxy Laminates 5.3.1.2.3. Slow-release Fertilizers 5.3.1.2.4. Flame Retardants 5.3.1.2.5. Dye Fixing 5.3.1.2.6. Water Treatment 5.3.1.2.7. Others 5.3.2. Canada 5.3.2.1. Canada Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 5.3.2.1.1. Electronic Grade 5.3.2.1.2. Industrial Grade 5.3.2.1.3. Pharmaceutical Grade 5.3.2.1.4. Others 5.3.2.2. Canada Dicyandiamide Market Size and Forecast, by Application (2025-2034) 5.3.2.2.1. Pharmaceuticals 5.3.2.2.2. Epoxy Laminates 5.3.2.2.3. Slow-release Fertilizers 5.3.2.2.4. Flame Retardants 5.3.2.2.5. Dye Fixing 5.3.2.2.6. Water Treatment 5.3.2.2.7. Others 5.3.3. Mexico 5.3.3.1. Mexico Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 5.3.3.1.1. Electronic Grade 5.3.3.1.2. Industrial Grade 5.3.3.1.3. Pharmaceutical Grade 5.3.3.1.4. Others 5.3.3.2. Mexico Dicyandiamide Market Size and Forecast, by Application (2025-2034) 5.3.3.2.1. Pharmaceuticals 5.3.3.2.2. Epoxy Laminates 5.3.3.2.3. Slow-release Fertilizers 5.3.3.2.4. Flame Retardants 5.3.3.2.5. Dye Fixing 5.3.3.2.6. Water Treatment 5.3.3.2.7. Others 6. Europe Dicyandiamide Market Size and Forecast by Segmentation (in USD Million) 2025-2034 6.1. Europe Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.2. Europe Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3. Europe Dicyandiamide Market Size and Forecast, by Country (2025-2034) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.1.2. United Kingdom Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3.2. France 6.3.2.1. France Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.2.2. France Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3.3. Germany 6.3.3.1. Germany Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.3.2. Germany Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3.4. Italy 6.3.4.1. Italy Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.4.2. Italy Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3.5. Spain 6.3.5.1. Spain Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.5.2. Spain Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3.6. Sweden 6.3.6.1. Sweden Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.6.2. Sweden Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3.7. Austria 6.3.7.1. Austria Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.7.2. Austria Dicyandiamide Market Size and Forecast, by Application (2025-2034) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 6.3.8.2. Rest of Europe Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7. Asia Pacific Dicyandiamide Market Size and Forecast by Segmentation (in USD Million) 2025-2034 7.1. Asia Pacific Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.2. Asia Pacific Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3. Asia Pacific Dicyandiamide Market Size and Forecast, by Country (2025-2034) 7.3.1. China 7.3.1.1. China Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.1.2. China Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.2. S Korea 7.3.2.1. S Korea Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.2.2. S Korea Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.3. Japan 7.3.3.1. Japan Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.3.2. Japan Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.4. India 7.3.4.1. India Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.4.2. India Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.5. Australia 7.3.5.1. Australia Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.5.2. Australia Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.6. Indonesia 7.3.6.1. Indonesia Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.6.2. Indonesia Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.7. Malaysia 7.3.7.1. Malaysia Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.7.2. Malaysia Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.8. Vietnam 7.3.8.1. Vietnam Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.8.2. Vietnam Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.9. Taiwan 7.3.9.1. Taiwan Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.9.2. Taiwan Dicyandiamide Market Size and Forecast, by Application (2025-2034) 7.3.10. Rest of Asia Pacific 7.3.10.1. Rest of Asia Pacific Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 7.3.10.2. Rest of Asia Pacific Dicyandiamide Market Size and Forecast, by Application (2025-2034) 8. Middle East and Africa Dicyandiamide Market Size and Forecast by Segmentation (in USD Million) 2025-2034 8.1. Middle East and Africa Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 8.2. Middle East and Africa Dicyandiamide Market Size and Forecast, by Application (2025-2034) 8.3. Middle East and Africa Dicyandiamide Market Size and Forecast, by Country (2025-2034) 8.3.1. South Africa 8.3.1.1. South Africa Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 8.3.1.2. South Africa Dicyandiamide Market Size and Forecast, by Application (2025-2034) 8.3.2. GCC 8.3.2.1. GCC Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 8.3.2.2. GCC Dicyandiamide Market Size and Forecast, by Application (2025-2034) 8.3.3. Nigeria 8.3.3.1. Nigeria Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 8.3.3.2. Nigeria Dicyandiamide Market Size and Forecast, by Application (2025-2034) 8.3.4. Rest of ME&A 8.3.4.1. Rest of ME&A Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 8.3.4.2. Rest of ME&A Dicyandiamide Market Size and Forecast, by Application (2025-2034) 9. South America Dicyandiamide Market Size and Forecast by Segmentation (in USD Million) 2025-2034 9.1. South America Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 9.2. South America Dicyandiamide Market Size and Forecast, by Application (2025-2034) 9.3. South America Dicyandiamide Market Size and Forecast, by Country (2025-2034) 9.3.1. Brazil 9.3.1.1. Brazil Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 9.3.1.2. Brazil Dicyandiamide Market Size and Forecast, by Application (2025-2034) 9.3.2. Argentina 9.3.2.1. Argentina Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 9.3.2.2. Argentina Dicyandiamide Market Size and Forecast, by Application (2025-2034) 9.3.3. Rest Of South America 9.3.3.1. Rest Of South America Dicyandiamide Market Size and Forecast, by Grade (2025-2034) 9.3.3.2. Rest Of South America Dicyandiamide Market Size and Forecast, by Application (2025-2034) 10. Company Profile: Key Players 10.1. AlzChem Group AG 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Ningxia Darong Industry Group Co., Ltd. 10.3. Ningxia Jiafeng Chemicals Co., Ltd. 10.4. Ningxia Yinglite Chemical Co., Ltd. 10.5. Ningxia Blue-White-Black Activated Carbon Co. Ltd. 10.6. Ningxia Sunnyfield Chemical Co. Ltd. 10.7. Shizuishan Pengsheng Chemical Co., Ltd. 10.8. Benco Chemical LTD LLC 10.9. Akash Purochem Private 10.10. Nippon Carbide Industries 10.11. SAE Manufacturing Specialties Corp. 10.12. ChemCeed 10.13. BariteWorld 10.14. U.S. Chemical, LLC 10.15. Mil-Spec Industries 11. Key Findings 12. Industry Recommendations 13. Dicyandiamide Market: Research Methodology 14. Terms and Glossary

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