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Guanidine Market Size, Trends & Growth Opportunity | 2031

Global Guanidine Market

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Segments - by Types (Guanidine Nitrate, Guanidine Hydrochloride, Guanidine Carbonate, and Others), by Applications (Pharmaceutical, Pesticide, and Dye), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

MC-4938
4.7 Rating
161 Pages

12-12-2021
72 Reviews

Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

Guanidine Market Outlook

The global guanidine market was valued at USD 362.8 million in 2022 and is projected to reach USD 465.0 million by 2031, expanding at a CAGR of 2.8% during the forecast period. The guanidine market is anticipated to grow substantially during the forecast period, owing to factors such as rise in the consumption of raw material used in cosmetics, detergents, and textiles, the guanidine carbonate market is witnessing an increase in demand. The guanidine market is segmented into types, applications, and regions.

An increasing number of strategies such as mergers & acquisitions, agreements, partnerships, and product launches among companies to establish themselves as manufacturers of guanidine are anticipated to create lucrative opportunities in the market in the near future. The rising adoption of various strategies by market players to increase their presence and share in the market is expected to create growth opportunities in the market.

Macro-economic Factors

Production & Supply

Both supply and demand for guanidine are rising. Bulk of the total production is consumed in the pharmaceutical industry and production of pesticides. During the COVID-19 outbreak, the supply chain was disrupted, as global lockdown was imposed by governments which caused shutdown of manufacturing plants; however, the guanidine market was positively affected, as guanidine was considered as an essential good for the production of drugs which is expected to drive the market.

Government Regulations

Political factors affect regulations and laws that indirectly affect the market. Governments, along with many regulatory bodies who are concerned with environmental factors, established stringent rules and regulations regarding the manufacture and production of guanidine, as it helps in production of cosmetics and drugs. In developing countries, governments and key market players are continuously funding for developing advanced products through guanidine, which is estimated to drive the market.

Coronavirus

COVID-19 has positively impacted on the market owing to the rising adoption of guanidine in oral drug for treatment of muscle weakness. COVID-19 had a positive impact on the market, due to increase in supply and demand for pharmaceutical industry. Rapid spread of coronavirus had a major impact on global markets, as major economies of the world are in lockdown due to the pandemic.

Hence, all the consumer markets started to show zero interest towards purchasing cosmetics goods; however, demand for essentials goods increased exponentially. In the lockdown, all essential goods and cargos are allowed to move around interstate, which is driving the demand for guanidine carbonate.

The COVID-19 pandemic is expected to boost the growth of the market; however, the demand for guanidine in the pharmaceutical industry for production of drugs positively affected the market.

Guanidine Market Dynamics

Growing Demand for Pharmaceutical Industry

Pharmaceutical grade is the primary market for guanidine carbonate. Both ultrapure guanidine hydrochloride and guanidine thiocyanate are used as protein denaturants in the development and production of biopharmaceuticals and their generic versions called biosimilars, due to their chaotropic character.

In addition, they are useful for the extraction of DNA and RNA in molecular diagnostics. Guanidine is used in antibiotic drugs such as Streptomycine, trimethoprim (mainly used for urinary tract infection) and Chlorhexidine are the guanidine derivatives used for antibiotic drugs.

Polyhexamethylene biguanidine is used as a disinfectant for swimming pools, fabrics conditioning, and wound care. Pyrrolidine Bis-cyclic guanidine’s are reported to be active against gram-positive methicillin-resistant pathogens staphylococcus aureus, which is expected to drive the guanidine market during the forecast period.

Rising Demand in Cosmetics Industry

Cosmetic product industry has been the primary market for guanidine carbonate. Guanidine carbonates are mainly used as raw materials in the cosmetic industry. Cosmetics comprise a range of products that are used for face and body care or to enhance or change the appearance of the face or body. These products include skin care, personal care, cosmetics, and fragrance.

A vast array of cosmetics is available, ranging from shampoo to moisturizer to lipstick. Each sub-category of cosmetics has its own characteristics, however, the products are generally formulated using a mixture of chemical compounds derived from natural sources or created synthetically.

Growing demand for cosmetic products is expected to increase the demand for guanidine, thereby promoting the growth of the guanidine market.

Market Restraint

Health Hazards caused by Guanidine

Workers need to take certain measures under consideration such as doing work without raising dust, keeping away from naked flames/heat, performing operations in the open/under local exhaust/ventilation or with respiratory protection, removing contaminated clothing immediately, and always using clean uncontaminated clothing. Other measures include thoroughly cleaning/drying the installation before use, avoiding contact of substance with water, and keeping containers tightly closed in working areas, which is restraining the market.

Market Opportunity

Rising Applications in Automobile Airbag System

An airbag is a vehicle safety device, and it prevents the driver and passenger from striking the steering wheel or a window. The airbag is designed to only inflate in moderate to severe frontal crashes. Sodium azide is the chemical that is found in automobile airbags.

It is used in automobile airbags to produce inflation of the airbag upon impact. After deployment, sodium azide is converted to nitrogen gas. Sodium azide interferes with cellular respiration and aerobic metabolism, preventing cells from using oxygen.

The central nervous system and the cardiovascular system are sensitive to acute sodium azide poisoning. In comparison to sodium azide, guanidine nitrate is easier to handle and not as toxic as sodium azide.

The development of a guanidine nitrate-based airbag component improves the safety during manufacturing and transportation of airbags and reduces the environmental concerns of disposal and is expected to create opportunities for market players are creating opportunities for the market.

Scope of Guanidine Report

The report on the Global Guanidine Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Guanidine Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2023-2031
Base Year	2022
Historic Data	2020 - 2021
Forecast Period	2023 - 2031
Market Segments	By Types (Guanidine Nitrate, Guanidine Hydrochloride, Guanidine Carbonate, Others), By Application (Pharmaceuticals, Pesticide, Dye, Others)
By Region	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Companies Profiled	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, Suvchem

Segmental Outlook

Based on types, the market is classified into guanidine nitrate, guanidine hydrochloride, guanidine carbonate, and others. The guanidine nitrate segment is anticipated to expand substantially during the forecast period owing to the rising demand for guanidine nitrate in manufacturing of pesticides for agricultural applications.

On the basis of applications, the market is segregated into pharmaceuticals, pesticide, and dye. The pharmaceutical segment is expected to grow considerably during the forecast period due to the growing adoption of guanidine and its substrates for application in pharmaceutical industry for manufacturing of medicines.

Regional Outlook

Based on regions, the market is classified as North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The Asia Pacific region is expected to gain significant share of the guanidine market owing to the demand of guanidine from countries such as South East Asia are registering high growth due to increased demand for detergent, chemicals, pharmaceutical, and other products. Also, Growing urbanization and increasing demand for clothes raises the demand for detergents, which eventually increases the demand for guanidine.

The Europe region is expected to grow at a rapid pace during the forecast period, due to rising consumption of guanidine carbonate in the cosmetics industry in Europe, which is likely to drive the guanidine market during forecast period.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the Global Guanidine Market
Historical, Current and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Guanidine Market Performance

Segments

Types

Guanidine Nitrate
Guanidine Hydrochloride
Guanidine Carbonate
Others

Applications

Pharmaceuticals
Dye
Pesticides

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players Profiled in the Report

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.
Suvchem

Competitive Landscape

Key players operating in the global guanidine market include Key players operating in the Global Guanidine market include 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. These companies are considered as key developers of guanidine market, based on their revenue, research & development (R&D) activities, presence, and supply chain management system. These companies are considered as key manufacturers of guanidine based on their revenue, research & development (R&D) activities, presence, and value chain management system. Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the guanidine market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Guanidine Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Guanidine Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Guanidine Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Guanidine Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Guanidine Market Size & Forecast, 2015-2030
      4.5.1 Guanidine Market Size and Y-o-Y Growth
      4.5.2 Guanidine Market Absolute $ Opportunity
   4.6 Global Guanidine Market: Impact Of Key Regulations
Chapter 5 Global Guanidine Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Guanidine Market Size & Volume Forecast By Type
      5.2.1 Guanidine Nitrate
      5.2.2 Guanidine Hydrochloride
      5.2.3 Guanidine Carbonate
      5.2.4 Others
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Guanidine Market Analysis and Forecast By Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Applications
      6.1.2 Basis Point Share (BPS) Analysis By Applications
      6.1.3 Absolute $ Opportunity Assessment By Applications
   6.2 Guanidine Market Size & Volume Forecast By Applications
      6.2.1 Pharmaceutical
      6.2.2 Pesticide
      6.2.3 Dye
   6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Guanidine Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Guanidine Market Size & Volume Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Guanidine Analysis and Forecast
   9.1 Introduction
   9.2 North America Guanidine Market Size & Volume Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Guanidine Market Size & Volume Forecast By Type
      9.6.1 Guanidine Nitrate
      9.6.2 Guanidine Hydrochloride
      9.6.3 Guanidine Carbonate
      9.6.4 Others
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Guanidine Market Size & Volume Forecast By Applications
      9.10.1 Pharmaceutical
      9.10.2 Pesticide
      9.10.3 Dye
   9.11 Basis Point Share (BPS) Analysis By Applications
   9.12 Absolute $ Opportunity Assessment By Applications
   9.13 Market Attractiveness Analysis By Applications
Chapter 10 Europe Guanidine Analysis and Forecast
   10.1 Introduction
   10.2 Europe Guanidine Market Size & Volume Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Guanidine Market Size & Volume Forecast By Type
      10.6.1 Guanidine Nitrate
      10.6.2 Guanidine Hydrochloride
      10.6.3 Guanidine Carbonate
      10.6.4 Others
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Guanidine Market Size & Volume Forecast By Applications
      10.10.1 Pharmaceutical
      10.10.2 Pesticide
      10.10.3 Dye
   10.11 Basis Point Share (BPS) Analysis By Applications
   10.12 Absolute $ Opportunity Assessment By Applications
   10.13 Market Attractiveness Analysis By Applications
Chapter 11 Asia Pacific Guanidine Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Guanidine Market Size & Volume Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Guanidine Market Size & Volume Forecast By Type
      11.6.1 Guanidine Nitrate
      11.6.2 Guanidine Hydrochloride
      11.6.3 Guanidine Carbonate
      11.6.4 Others
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Guanidine Market Size & Volume Forecast By Applications
      11.10.1 Pharmaceutical
      11.10.2 Pesticide
      11.10.3 Dye
   11.11 Basis Point Share (BPS) Analysis By Applications
   11.12 Absolute $ Opportunity Assessment By Applications
   11.13 Market Attractiveness Analysis By Applications
Chapter 12 Latin America Guanidine Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Guanidine Market Size & Volume Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Guanidine Market Size & Volume Forecast By Type
      12.6.1 Guanidine Nitrate
      12.6.2 Guanidine Hydrochloride
      12.6.3 Guanidine Carbonate
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Guanidine Market Size & Volume Forecast By Applications
      12.10.1 Pharmaceutical
      12.10.2 Pesticide
      12.10.3 Dye
   12.11 Basis Point Share (BPS) Analysis By Applications
   12.12 Absolute $ Opportunity Assessment By Applications
   12.13 Market Attractiveness Analysis By Applications
Chapter 13 Middle East & Africa (MEA) Guanidine Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Guanidine Market Size & Volume Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Guanidine Market Size & Volume Forecast By Type
      13.6.1 Guanidine Nitrate
      13.6.2 Guanidine Hydrochloride
      13.6.3 Guanidine Carbonate
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Guanidine Market Size & Volume Forecast By Applications
      13.10.1 Pharmaceutical
      13.10.2 Pesticide
      13.10.3 Dye
   13.11 Basis Point Share (BPS) Analysis By Applications
   13.12 Absolute $ Opportunity Assessment By Applications
   13.13 Market Attractiveness Analysis By Applications
Chapter 14 Competition Landscape
   14.1 Guanidine Market: Competitive Dashboard
   14.2 Global Guanidine Market: Market Share Analysis, 2021
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Borealis AG
      14.3.2 Vihita Chem Private Limited.
      14.3.3 Sanwa Chemical CO. Ltd.
      14.3.4 Alzchem Group AG
      14.3.5 Merck KGaA
    14.3.6 Thermo Fisher Scientific Inc.
      14.3.7 MP BIOMEDICALS.
      14.3.8 Shizuishan Pengsheng Chemical Co., Ltd
      14.3.9 NIPPON CARBIDE INDUSTRIES Co., Inc.
      14.3.10 Suvchem

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