Guanidine Carbonate Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025
Guanidine Carbonate Market size is forecast to reach $285 million by 2025, after growing at a CAGR of 4.1% during 2020-2025. With rise in the consumption of raw material used in cosmetics, detergents, and textiles, the Guanidine Carbonate market is witnessing an increase in demand. Health hazards caused due to guanidine are likely to restrain the global guanidine carbonate market in the near future.
Report Coverage
The report: “Guanidine Carbonate Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Guanidine Carbonate Market.
By Type – Pharmaceutical Grade and Industrial Grade.
By End Use – Cosmetic, Chemicals, Detergents, Textiles, Pharmaceutical, Others.
By Geography – North America, South America, Europe, APAC, RoW.
Key Takeaways:
- Asia-Pacific dominates the Guanidine Carbonate market owing to increasing demand from end use such as cosmetic, textiles and others.
- Guanidine carbonate forms a precursor to produce guanidine hydroxide, which is further utilized as an active ingredient in several formulations used in chemical hair-relaxing treatments, which is likely to aid in the market growth of Guanidine Carbonate.
- Impact of COVID-19 will increase the market demand for Guanidine Carbonate in the near future as, essential goods demand has grown very rapidly.
- Health hazards caused due to guanidine are likely to restrain the global guanidine carbonate market in the near future.
Type – Segment Analysis:
Pharmaceutical grade is the primary market for guanidine carbonate market. Due to their chaotropic character 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. In addition, they are useful for the extraction of DNA and RNA in molecular diagnostics. Guanidine Carbonate is an alkaline, organic salt. Guanidine Carbonate’s primary functions have been for use in formulations for hair straightening, as a depilatory agent, for use in pH adjustment, and as a buffering agent.
End Use - Segment Analysis:
Cosmetic sector has been the primary market for Guanidine Carbonate followed by chemicals. Guanidine carbonates are mainly used as raw materials in cosmetic industry. Cosmetics comprise a range of products that are used to care for the face and body or to enhance or change the appearance of the face or body. The products include skin care, personal care, cosmetics and fragrance. There is a vast array of cosmetics 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. So, with the growing demand in cosmetic products, the market demand for guanidine market will also grow.
Geography - Segment Analysis:
APAC dominated the Guanidine Carbonate market with a share of more than xx%, followed by Europe & North America. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth due to the increased demand of detergent, chemicals, pharmaceutical and other products. Due to the countries such as India & China where so many festivals are celebrated, due to which lots of cloths are also used and because of increase in demand of clothes, demand of detergents will automatically increase, which will eventually increase the demand of Guanidine market.
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