Sodium Thiocyanate Market

By Type;

Industrial Grade and Non-industrial Grade

By Grade;

Industrial Grade and Pharmaceutical Grade

By Distribution Channel;

Direct Sales and Online Sales

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: August, 2025 Updated Date: September, 2025

Sodium Thiocyanate Market Overview

Sodium Thiocyanate Market (USD Million)

Sodium Thiocyanate Market was valued at USD 185.27 million in the year 2024. 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%.


Sodium Thiocyanate Market

*Market size in USD million

CAGR 4.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.9 %
Market Size (2024)USD 185.27 Million
Market Size (2031)USD 258.95 Million
Market ConcentrationHigh
Report Pages400
185.27
2024
258.95
2031

Major Players

  • Haihua Energy Group
  • Taisheng Chemical
  • AkzoNobel
  • Jiaozuo Henghua Chemical
  • Anhui Shuguang Chemical
  • Henan Province Tianshui Chemical
  • Henan Yindu Chemical
  • Suzhou Bluewater

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Sodium Thiocyanate Market

Fragmented - Highly competitive market without dominant players


The Sodium Thiocyanate Market is gaining momentum due to its versatile applications in pharmaceuticals, textiles, and agriculture. Around 40% of global demand comes from textile dyeing and printing, making it a dominant segment. Its role as a chemical intermediate in specialty formulations further strengthens its adoption across multiple industries.

Pharmaceutical Applications Driving Demand
In the pharmaceutical sector, sodium thiocyanate is widely used as a raw material in the production of antibiotics and therapeutic compounds. Nearly 25% of overall consumption is linked to drug formulation, reflecting its strong foothold in healthcare. The increasing need for advanced medical products is further boosting its importance in this segment.

Expanding Role in Textile Processing
The textile industry continues to be one of the primary end-users, relying on sodium thiocyanate for acrylic fiber production and dyeing processes. Approximately 35% of the total usage stems from this sector, underlining its critical role in enhancing color fastness and fabric quality. Rising textile innovations are expected to strengthen demand even more.

Industrial and Agricultural Utilization
Beyond textiles and pharma, sodium thiocyanate finds applications in chemical synthesis, pesticides, and corrosion inhibition. The industrial and agricultural sectors collectively account for nearly 20% of market usage. Its effectiveness as a stabilizing agent in these processes adds to its growing industrial relevance.

  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 Grade
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. 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. Sodium Thiocyanate Market, By Type, 2021 - 2031 (USD Million)
      1. Industrial Grade
      2. Non-industrial Grade
    2. Sodium Thiocyanate Market, By Type, 2021 - 2031 (USD Million)

      1. Industrial Grade

      2. Pharmaceutical Grade

    3. Sodium Thiocyanate Market, By Type, 2021 - 2031 (USD Million)

      1. Direct Sales

      2. Online Sales

    4. Sodium Thiocyanate Market, By Application, 2021 - 2031 (USD Million)
      1. Pharmaceutical
      2. Printing & Dyeing
      3. Rubber Industry
      4. Others
    5. 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. Hebei Chengxin (Hebei Chengxin Chemical Industry Group)
      2. Henan Province Tianshui Chemical (Henan Tianshui Chemical)
      3. Jiangsu Liaoyuan (Jiangsu Liaoyuan Environmental Protection Technology)
      4. Nouryon
      5. Anhui Shuguang Chemical
      6. Jiaozuo Henghua Chemical (Jiaozuo Henghua Chemical)
      7. Taisheng Chemical
      8. Dongsheng Chemical
      9. Ronas Chemical
      10. Shandong Tiancheng Chemical (Shandong Tiancheng Chemical)
      11. Suzhou Bluewater New Material & Tech (Suzhou Bluewater)
      12. Honeywell
      13. Yinzhidu Environmental (Henan Yinzhidu Chemical or Henan Yinzhidu Environmental Protection Technology)
      14. Haihua Energy Group
      15. AkzoNobel
  7. Analyst Views
  8. Future Outlook of the Market