Sodium Cyanide Market Detailed Analysis Application, Production, Top Players Growth, Forecast 2033

 The global sodium cyanide market is valued at approximately US$ 2.7 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.1% over the next decade. By 2033, the market is expected to reach a valuation of US$ 4.05 billion.

Sodium cyanide (NaCN) is a highly toxic, water-soluble compound that can disrupt the human body's ability to utilize oxygen. It is widely used in various applications, including precious metal mining, chemical manufacturing, and fumigation.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4554

Key Takeaways of Sodium Cyanide Market Study

  • Mining & metallurgy segment dominates the market share and is expected to grow exponentially in the coming years. Owing to the rapid economic development, the need for a reagent for metallurgical processes like extracting precious metals from ores, sodium cyanide is anticipated to have huge market potential in the future.
  • North America accounts for nearly 16% of global demand in which Mexico contributes more than 6% of the global demand for sodium cyanide
  • East Asia is poised to expand at a significant growth rate of over 5% and expected to maintain its supremacy in the market in the long term forecast period
  • In terms of value and volume, solid form accounted for a significant share in the market in 2018, and is projected to account for over two-third revenue share by 2027
  • Chemical intermediates among other end uses is likely to witness a significant growth rate of over 6% throughout the assessment period (2019-2027)

Country-wise Insights:

South Korea ranks as the world's third-largest exporter of sodium cyanide and cyanide oxides. The country's abundant natural resources and efficient mining practices make it an attractive market for sodium cyanide suppliers, offering significant growth opportunities.

Europe's extensive, untapped mining landscape is attracting leading mining companies seeking to expand their operations and boost production capacity. Increased investments in mining exploration, supportive government initiatives, and the rapid adoption of industrial automation are expected to drive growth in sodium cyanide sales across the region in the coming years.

Read More: https://www.factmr.com/report/4554/sodium-cyanide-market

Competitive Landscape

Top sodium cyanide companies are investing in mergers, acquisitions, and collaborations to expand their business scope and strengthen their market presence on a global level.

  • In July 2021, Draslovka Holding, a Czech Republic-based subsidiary of a private company announced the acquisition of Sasol Limited’s cyanide business at US$ 95 million. The company strengthened its cyanide supply for the mining sector through this acquisition.
  • The Chemours Company, a leading American chemical company announced that it had closed the sale of its mining solutions business division at US$ 521 million in December 2021 to Draslovka, a Czech-based private chemical organization specializing in cyanide production for mining and other applications.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4554

Key Segments of Sodium Cyanide Industry Research

By Form:

  • Solid
  • Liquid

By End Use:

  • Mining & Metallurgy
  • Pharmaceuticals
  • Chemical Intermediates
  • Dyes & Pigments
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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