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APAC Sodium Thiocyanate Market Size is projected to showcase significant growth from pharmaceutical industry

Author : Ronak Bora | Published Date : 2019-07-11 

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.

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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.

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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.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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