Market Forecast By Form (Solid, Liquid), By Purity Grade (Less than 95%, 95% to 98%, Higher than 98%), By Application (Chemical Raw Materials, Printing, Dyeing, Others) And Competitive Landscape
Product Code: ETC199264 | Publication Date: May 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Egypt Ammonium Thiocyanate Market report thoroughly covers the market by installation type, by voltage and by end-use. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Egypt ammonium thiocyanate market is poised for growth, influenced by its extensive use in varied industries such as agriculture and pharmaceuticals. This chemical, known for its role in the synthesis of herbicides, fungicides, and other essential agrochemicals, is becoming increasingly important in the region's agro-centric economy.
According to 6Wresearch, the Egypt Ammonium Thiocyanate Market size is estimated to grow at a CAGR of 6.8% during the forecast period 2025-2031. One key driver of growth in this market is the expansion of the agricultural sector in Egypt, necessitating increased amounts of fertilizers and soil conditioners that contain ammonium thiocyanate. This uptick in demand is catalyzed by the government's focus on agricultural development and food security, propelling the need for efficient and yield-enhancing agrochemicals. However, the market's expansion is tempered by challenges like stringent environmental regulations and the hazardous nature of ammonium thiocyanate production.
Suppliers and manufacturers face the constant pressure of maintaining safety standards and reducing the ecological impact of their operations, all while coping with the fluctuations in raw material costs. Beside these challenges, the Egypt Ammonium Thiocyanate industry comprises some trends is shifting toward sustainable production practices. Innovations in technology are aiding the development of ecologically friendly manufacturing processes, reducing the carbon footprint of the industry. Moreover, the persistent evolution in the agricultural sector leads to a higher adoption of ammonium thiocyanate in advanced farming practices, signifying a bright prospect for market growth.
The Egyptian government has rolled out several initiatives to boost the ammonium thiocyanate market as part of its larger goal to enhance agricultural productivity. Notable efforts include subsidies for agrochemicals and technological aids for farmers, and the launch of the 'Sustainable Agriculture Development Strategy 2031'. These initiatives aim to streamline the supply chain of essential farming inputs and promote the use of advanced agricultural practices that could increase the utilization of ammonium thiocyanate-based products.
Notable companies contributing to the ammonium thiocyanate supply in Egypt include BASF SE, Evonik Industries AG, and local manufacturers such as ChemSol Egypt. These entities are instrumental in shaping the competitive landscape through strategic partnership.
The Egypt ammonium thiocyanate market growth is poised to surge in the future, leveraging technological innovations and a supportive regulatory framework. Advancements in precision farming and the increasing emphasis on sustainable agricultural practices are expected to stimulate further demand for ammonium thiocyanate. However, market players will need to stay vigilant to global economic trends and responsive to environmental concerns to ensure long-term success and profitability.
According to Dhaval, Research Manager, 6Wresearch, the liquid form of ammonium thiocyanate is experiencing distinct growth. This uptrend is attributed to the ease of application and the effectiveness of liquid formulations in various agrochemical solutions. Farmers are increasingly favoring the liquid form due to its convenient handling, consistent quality, and compatibility with modern precision agriculture equipment.
Based on the application, the Chemical Raw Materials are securing a significant growth in the Egypt market. This surge is largely due to the escalating demand for chemical synthesis processes that require ammonium thiocyanate as a key intermediate or catalyst. Such chemical processes are integral in the production of a broad spectrum of pharmaceuticals, herbicides, and other industrial chemicals.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Ammonium Thiocyanate Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Ammonium Thiocyanate Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Ammonium Thiocyanate Market - Industry Life Cycle |
3.4 Egypt Ammonium Thiocyanate Market - Porter's Five Forces |
3.5 Egypt Ammonium Thiocyanate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Egypt Ammonium Thiocyanate Market Revenues & Volume Share, By Purity Grade, 2021 & 2031F |
3.7 Egypt Ammonium Thiocyanate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Egypt Ammonium Thiocyanate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Ammonium Thiocyanate Market Trends |
6 Egypt Ammonium Thiocyanate Market, By Types |
6.1 Egypt Ammonium Thiocyanate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Form, 2021 - 2031F |
6.1.3 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Solid, 2021 - 2031F |
6.1.4 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Liquid, 2021 - 2031F |
6.2 Egypt Ammonium Thiocyanate Market, By Purity Grade |
6.2.1 Overview and Analysis |
6.2.2 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Less than 95%, 2021 - 2031F |
6.2.3 Egypt Ammonium Thiocyanate Market Revenues & Volume, By 95% to 98%, 2021 - 2031F |
6.2.4 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Higher than 98%, 2021 - 2031F |
6.3 Egypt Ammonium Thiocyanate Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Chemical Raw Materials, 2021 - 2031F |
6.3.3 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Printing, 2021 - 2031F |
6.3.4 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Dyeing, 2021 - 2031F |
6.3.5 Egypt Ammonium Thiocyanate Market Revenues & Volume, By Others, 2021 - 2031F |
7 Egypt Ammonium Thiocyanate Market Import-Export Trade Statistics |
7.1 Egypt Ammonium Thiocyanate Market Export to Major Countries |
7.2 Egypt Ammonium Thiocyanate Market Imports from Major Countries |
8 Egypt Ammonium Thiocyanate Market Key Performance Indicators |
9 Egypt Ammonium Thiocyanate Market - Opportunity Assessment |
9.1 Egypt Ammonium Thiocyanate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Egypt Ammonium Thiocyanate Market Opportunity Assessment, By Purity Grade, 2021 & 2031F |
9.3 Egypt Ammonium Thiocyanate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Egypt Ammonium Thiocyanate Market - Competitive Landscape |
10.1 Egypt Ammonium Thiocyanate Market Revenue Share, By Companies, 2024 |
10.2 Egypt Ammonium Thiocyanate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |