Sodium Thiocyanate Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021

Sodium Thiocyanate Market is Expected to Reach Over US$ 1.45 Bn by 2022

According to a new market report published by Credence Research “Sodium Thiocyanate Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021,” the sodium thiocyanate market is expected to reach over US$ 1.45 Bn by 2022, expanding at a CAGR ranging over 4.5% from 2016 to 2022.

Browse the full Sodium Thiocyanate Market for Pharmaceuticals, Fiber, Architecture, Pesticide, Personal Care Products and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/sodium-thiocyanate-market

Market Insights

Sodium thiocyanate, also known as sodium sulphocyanide is a colorless salt and is one among the key sources of thiocyanate anion. It is a chemical compound which is produced by a reaction between cyanide and elemental sulfur. Sodium thiocyanate is also known as Sodium Rhodanide, Sodium Rhodanide, Sodium Isocyanate, Thiocyanate Acid and Sodium Salt. It appears as a white rhombic crstyal structure which is soluble in water, acetone and ethanol. It has a relative density is 1.735 and has melting point of approximate 287 degree Celsius.

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Growing building and construction activities worldwide, especially in Asia Pacific is the major factor driving the growth of global sodium thiocyanate market. Sodium thiocyanate is used as a hardening accelerator for cement and concrete mixes. Hence, high demand for cement is reported for sodium thiocyanate from the construction industry. Pharmaceuticals industry is another factor boosting the demand for sodium thiocyanate in the market. Sodium thiocyanate is used as a raw material in the production of wide range of pharmaceutical products. High demand from pharmaceutical industry is another factor contributing to growth of global sodium thiocyanate market....