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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Guanidine Salts Market was valued at US$ 368.3 million in 2022 and is expected to grow at a 5.3% CAGR from 2023 to 2029. Guanidine salt is a colourless organic compound used as a raw material in many end-users’ company like cosmetics consumption, detergents, textile industries as well as in microencapsulation process. The guanidine is also used as a strong base in the production of explosives and plastics. Guanidine carbonate is a derivative of guanidine salts is used as an active ingredient in variety of chemical formulations used for the hair relaxing treatment. Growing demand of guanidine in pharmaceutical industry as it is used in the preparation of antibiotic drugs such as streptomycin, trimethoprim and chlorhexidine is expected to fuel the market growth in the forecasted period. Furthermore, rising adoption of guanidine in cosmetics and rising demand for guanidine in medical industry for the treatment of muscle weakness are the key driving factors in the growth of global guanidine market. The increasing application of guanidine hydrochloride in medical industry is expected to drive the market growth at a significant rate. Increased Production of antibacterial fabrics by textile industry by the use of guanine is expected to provide an opportunity in the growth of global guanidine market in the forecasted period. Strict rules regulations by the government and the heal hazards related working in chemical environment are expected to hinder the market growth in the forecasted years. Geographically, Asia Pacific region held the major market share in 2022 and is expected to dominate the global guanidine salts market in the forecasted years.
Guanidine Salts Market Key Developments:
In April 2020, Borealis entered North America market by Acquiring full ownership of NOVA Chemicals interest in Novealis joint venture.
Study Period
2024-2030Base Year
2023CAGR
5.3%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Guanidine salts market is growing due to the growing demand of guanidine salt in the pharmaceutical industry and in the manufacture of explosives. Increasing consciousness and demand for cosmetic products is expected to boost the market growth in the forecasted years. guanidine carbonates are mainly used in cosmetic industry thus increasing the market growth, guanidine nitrates are used in the manufacturing of plastics and in the making of explosives thus an important component in defense sector which drives the market growth. Guanidine is mostly used in the manufacture of cosmetics and as the demand for cosmetics increases the demand for guanidine market also expected to increase in the forecasted years.
Guanidine salts market is segmented based on regions into North America, Asia-pacific, Europe, Latin America, and Middle East and Africa. Asia Pacific guanidine salts market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the increasing demand for pharmaceuticals, detergents, chemicals and other products in this region. As India is an diversified country many traditional events happen and eventually the textile industries grows. As textile industry grows demand for detergents also increase which is expected to drive the guanidine salts market growth in the region. North America and Europe are the key consumers of guanidine salts. The North America & Europe market are expected to grow at a significant rate as guanidine nitrate is being used in several applications.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 368.3 million |
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Market CAGR |
5.3% |
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By Type |
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By Application |
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By Region |
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Download Free Sample Report
Guanidine Salts market was valued at US$ 368.3 million in 2022, and is expected to grow at a 5.3% CAGR from 2023 to 2029.
Increase in demand for guanidine in pharmaceutical industry and in chemical, detergent is expected to grow in forecasted years
The leading players in the global Guanidine Salts market are 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., and Suvchem.
Asia Pacific region is expected to have significant growth and is expected to dominate the market in the forecasted years.
| 1.Executive Summary |
| 2.Global Guanidine Salts Market Introduction |
| 2.1.Global Guanidine Salts Market - Taxonomy |
| 2.2.Global Guanidine Salts Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Guanidine Salts Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Guanidine Salts Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Guanidine Salts Market By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Guanidine Hydrochloride |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Guanidine Thiocyanate |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Guanidine Chloride |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Guanidine Nitrate |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Guanidine Salts Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Chemicals |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pharmaceuticals |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Cosmetics |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Detergents |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Guanidine Salts Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Guanidine Salts Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Guanidine Hydrochloride |
| 8.1.2.Guanidine Thiocyanate |
| 8.1.3.Guanidine Chloride |
| 8.1.4.Guanidine Nitrate |
| 8.1.5.Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Chemicals |
| 8.2.2.Pharmaceuticals |
| 8.2.3.Cosmetics |
| 8.2.4.Detergents |
| 8.2.5.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Guanidine Salts Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Guanidine Hydrochloride |
| 9.1.2.Guanidine Thiocyanate |
| 9.1.3.Guanidine Chloride |
| 9.1.4.Guanidine Nitrate |
| 9.1.5.Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Chemicals |
| 9.2.2.Pharmaceuticals |
| 9.2.3.Cosmetics |
| 9.2.4.Detergents |
| 9.2.5.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Guanidine Salts Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Guanidine Hydrochloride |
| 10.1.2.Guanidine Thiocyanate |
| 10.1.3.Guanidine Chloride |
| 10.1.4.Guanidine Nitrate |
| 10.1.5.Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Chemicals |
| 10.2.2.Pharmaceuticals |
| 10.2.3.Cosmetics |
| 10.2.4.Detergents |
| 10.2.5.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Guanidine Salts Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Guanidine Hydrochloride |
| 11.1.2.Guanidine Thiocyanate |
| 11.1.3.Guanidine Chloride |
| 11.1.4.Guanidine Nitrate |
| 11.1.5.Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Chemicals |
| 11.2.2.Pharmaceuticals |
| 11.2.3.Cosmetics |
| 11.2.4.Detergents |
| 11.2.5.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Guanidine Salts Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Guanidine Hydrochloride |
| 12.1.2.Guanidine Thiocyanate |
| 12.1.3.Guanidine Chloride |
| 12.1.4.Guanidine Nitrate |
| 12.1.5.Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Chemicals |
| 12.2.2.Pharmaceuticals |
| 12.2.3.Cosmetics |
| 12.2.4.Detergents |
| 12.2.5.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Borealis AG |
| 13.2.2.Vihita Chem Private Limited |
| 13.2.3.Sanwa Chemical CO. Ltd |
| 13.2.4.Alzchem Group AG |
| 13.2.5.Merck KGaA |
| 13.2.6.Thermo Fisher Scientific Inc |
| 13.2.7.MP Biomedicals |
| 13.2.8.Shizuishan Pengsheng Chemical Co Ltd |
| 13.2.9.Nippon Carbide Industries Co Inc |
| 13.2.10.Suvchem |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.