Sodium cyanide is an inorganic, white, and water soluble solid. It is a highly poisonous compound widely used in chemical and mining industries. It is also used for electroplating and as an important precursor to many useful organic and inorganic chemicals, including pharmaceuticals. The high toxicity of the compound is mainly attributed to the presence of cyanide, which has a strong affinity for metals.
Market Dynamics
Among end user, the mining industry segment is witnessing significant market share in the market. Increasing mining activities worldwide has led to high consumption of sodium cyanide for extraction of gold and other precious metals. Asia Pacific accounted for a significant market share in 2021, owing to substantial demand for sodium cynide from gold and silver mining industry in the region.
The study of sodium cyanide market found that Asia pacific held a key market share of 40.0% in 2021, and the regional market is expected to be replete with opportunities during the forecast period. Growing demand in various industries including mining will propel revenue growth.
China is anticipated to contribute sizable revenue streams to the Asia Pacific sodium cyanide market. North America and Europe are projected to be lucrative markets during the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global sodium cyanide market and provides market size (US$ Million and Kilo Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022 – 2030), considering 2021 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global sodium cyanide market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include, Cyanco, E. I. DuPont, Australian Gold Reagents, Orica, Evonik, Taekwang Industrial, Tongsuh Petrochemical, Anhui Shuguang Chemical, Korund, Yingkou Sanzheng, Sasol Polymers, Unique Chemical, Tiande Chemical, Lukoil, Hebei Chengxin, Sinopec, and DSM.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
- The global sodium cyanide market report caters to various stakeholders in this industry including investors, suppliers, internal olefins manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global sodium cyanide market
Detailed Segmentation:
- Global Sodium Cyanide Market, By Product Type:
- Solid Sodium Cyanide
- Liquid Sodium Cyanide
- Global Sodium Cyanide Market, By End User:
- Mining Industry
- Gold
- Silver
- Chemical Industry
- Pharmaceuticals Industry
- Dye and Pigments Industry
- Textile Industry
- Global Sodium Cyanide Market, By Geography:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- Cyanco Corporation *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- E.I. du Pont de Nemours and Company
- Australian Gold Reagents
- Orica Limited
- Evonik Industries AG
- Taekwang Industrial
- Tongsuh Petrochemical
- Anhui Shuguang Chemical
- Unique Chemical
