Dicyandiamide Market Analysis: Industry Potential Explored

Global Dicyandiamide Market was valued at US $ 227.4 Million in 2022 and is expected to reach US $ 402.6 million by 2030 growing at a CAGR of 7.4% during the forecast period 2023 – 2030
The automotive industry is another sector contributing to the rise in demand for dicyandiamide. Manufacturers are increasingly utilizing this compound in the production of epoxy resins, which are vital for manufacturing lightweight and high-strength automotive components. This shift towards lightweight materials aligns with the industry's focus on fuel efficiency and environmental sustainability.