Global Sodium Thiocyanate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Industrial Grade and Non-industrial Grade.

By Application;

Pharmaceutical, Printing & Dyeing, Rubber Industry, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn710160059 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Sodium Thiocyanate Market (USD Million), 2021 - 2031

In the year 2024, the Global Sodium Thiocyanate Market was valued at USD 185.27 million. The size of this market is expected to increase to USD 258.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The global sodium thiocyanate market is characterized by its diverse applications and growing demand across various industries. Sodium thiocyanate is a chemical compound with significant utility in industries such as pharmaceuticals, agriculture, and manufacturing. Its primary applications include use as a reagent in chemical synthesis, a component in photographic chemicals, and a catalyst in polymerization processes. The compound’s versatility in facilitating various chemical reactions and processes makes it a valuable material in industrial and scientific applications.

In the pharmaceutical industry, sodium thiocyanate plays a critical role as a reagent in the synthesis of various drugs and chemical compounds. Its ability to act as a nucleophile in chemical reactions is valuable for producing active pharmaceutical ingredients (APIs) and intermediates. The compound’s use extends to the agriculture sector, where it is employed in the formulation of herbicides and pesticides. Sodium thiocyanate’s effectiveness in controlling unwanted vegetation and pests contributes to its demand in agricultural practices aimed at improving crop yield and quality.

The market for sodium thiocyanate is also influenced by its application in the manufacturing of specialized chemicals and materials. In the textile industry, it is used as a mordant in dyeing processes, helping to fix dyes onto fabrics and improve color fastness. Additionally, sodium thiocyanate is utilized in the production of various polymeric materials, where it acts as a catalyst to enhance the polymerization process. The compound’s broad range of applications, coupled with ongoing advancements in industrial processes and technological innovations, supports its growing market presence and demand across different sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Sodium Thiocyanate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Use in Chemical Synthesis
        2. Expanding Pharmaceutical Applications
        3. Rising Industrial Applications
        4. Advancements in Mining Processes
      2. Restraints
        1. Regulatory Restrictions
        2. High Production Costs
        3. Limited Raw Material Availability
        4. Competition from Alternative Chemicals
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Innovations in Industrial Applications
        3. Growth in Water Treatment Sector
        4. Increasing Demand for Specialty Chemicals
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sodium Thiocyanate Market, By Type, 2021 - 2031 (USD Million)
      1. Industrial Grade
      2. Non-industrial Grade
    2. Global Sodium Thiocyanate Market, By Application, 2021 - 2031 (USD Million)
      1. Pharmaceutical
      2. Printing & Dyeing
      3. Rubber Industry
      4. Others
    3. Global Sodium Thiocyanate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Haihua Energy Group
      2. Taisheng Chemical
      3. AkzoNobel
      4. Jiaozuo Henghua Chemical
      5. Anhui Shuguang Chemical
      6. Henan Province Tianshui Chemical
      7. Henan Yindu Chemical
      8. Suzhou Bluewater
  7. Analyst Views
  8. Future Outlook of the Market