Report Code: A10584 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sodium Thiocyanate Market
Request Now !Sodium thiocyanate is a colorless, inorganic salt having the chemical formula NaSCN. It is deliquescent in nature and is considered to be a major source of thiocyanate anion. Sodium thiocyanate is produced by the reaction of sulfur and cyanide and is highly soluble in water, ethanol and also in acetone. It has a rhombic crystal system and on thermal decomposition sodium thiocyanate produces fumes of sulfur dioxide, cyanides and oxides of nitrogen. Due to its high reactivity, sodium thiocyanate is used in several end-user industries such as pharmaceutical, construction, fiber and others.
COVID-19 scenario analysis:
The outbreak of the novel COVID-19 pandemic across the globe has affected the global sodium thiocyanate market to a great extent.
The major factor that contributed to the growth of the sodium thiocyanate market is its extensive use in the pharmaceutical industry. Sodium thiocyanate acts as a raw material and as a chemical intermediate for a wide range of pharmaceutical products to prevent cyanide poisoning and pityriasis versicolor.Â
On the other hand, sodium thiocyanate is utilized in the construction industry as well. It is used as a hardening accelerator for concrete and cement mixes. Due to the rapid urbanization across the world, the demand of sodium thiocyanate in the construction industry is expected to increase significant in the forecasted period. Moreover, sodium thiocyanate is also used in the fiber industry as a spinning solvent for polyacrylnitril. It is also used for the manufacture of several herbicides and pesticides used in the agricultural sector, thus the development in the agricultural sector has fueled the growth of the sodium thiocyanate market. However, sodium thiocyanate may cause hazardous effects on the human body which include pulmonary disorder and eye and skin infection on prolonged exposure. Thus the safety issues related to the handling of the compound might act as a restraining factor for the market.
In terms of market size, the Asia-Pacific region holds the largest share of the global sodium thiocyanate market owing to the rapid developments of the pharmaceutical and construction industries of the region. It is followed by the North America region with high demand for sodium thiocyanate in developed nation’s like the U.S.Â
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Sodium Thiocyanate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By End-use Industry |
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By Region |
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Key Market Players | Henan Province Tianshui Chemical, Anhui Shuguang Chemical, Dongsheng Chemical, Hebei Chengxin, Ronas Chemical, Honeywell, Jiaozuo Henghua Chemical, Suzhou Bluewater New Material & Tech., Taisheng Chemical, Shandong Tiancheng Chemical |
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