Report Code: A15923 | Pages: NA | Jul 2023 | 1063 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Guanidine Carbonate Market
Request Now !Guanidine carbonate is an organic guanidine compound with molecular formula C3H12N6O3, widely utilized as a raw material in manufacturing processes in end-user industries including cosmetics, detergents, and textile. Guanidine carbonate is a strong base, widely used as an intermediate in chemicals, cosmetics, and detergents as well as in microencapsulation processes. Guanidine carbonate forms a precursor for the production of guanidine hydroxide, which is further utilized as an active ingredient in several formulations used in chemical hair-relaxing treatments. These treatments are employed for permanent straightening of curly hair. Flame retardants and flocculants are some of the other applications of guanidine carbonate. Guanidine carbonate is colorless and transparent in nature and is commercially available in the form of white crystals or powder. Two grades of guanidine carbonate are commercially available: the industrial grade and the pharmaceutical grade. However, utmost caution and care need to be taken while handling guanidine carbonate. Guanidine carbonate causes irritation to the skin and the respiratory tract. It causes serious irritation to the eyes and it proves harmful if swallowed. Health hazards caused due to guanidine are likely to restrain the global guanidine carbonate market in the near future.
Covid-19 Impact Analysis
Top Impacting Factors
Currently, the global guanidine carbonate market is dominated by the industrial grade segment and the trend is expected to continue throughout the forecast period. The industrial grade segment is expected to expand at a rapid pace during the forecast period. Guanidine carbonate of pharmaceutical grade is a bit costlier than that of industrial grade, owing to its higher purity. The pharmaceutical grade segment is likely to expand at a steady growth rate during the forecast period. Based on application, the global guanidine carbonate market can be segmented into chemicals, cosmetics, pharmaceuticals, textiles, and others. The market is dominated by the chemicals segment followed by the cosmetics segment. The chemicals segment is likely to continue its dominance, expanding at a rapid pace during the forecast period. Geographically, Asia Pacific dominates the global guanidine carbonate market, followed by Europe.Asia Pacific is one of the leading producers and exporters of chemicals across the world. Growth of the global guanidine carbonate market in the region can be attributed to growth of the chemical industry in the region. The chemical industry in China, India, and ASEAN is expanding at a rapid pace. Growth of the global guanidine carbonate market in Europe can be attributed to growth of cosmetics and pharmaceutical industries in Europe.
Market trends
Key Benefits of the Report
Questions answered in the Guanidine Carbonate Market Report
Guanidine Carbonate Market Report Highlights
Aspects | Details |
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Key Market Players | Shanghai Jucheng Chemical, Nanjing Oriental Pearl Chemicals, Vihita, Hangzhou Xiangshun Chemical, Borealis, AVATAR, HSCC, FabriChem, S.B. Organic, AlzChem |
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