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The global sodium cyanide market is being aided by the growing mining activities, especially in the developing nations, coupled with the advancing technological developments. The Asia Pacific is the leading market for the product, accounting for nearly half the global supply of sodium cyanide, owing to the growing electroplating industry and rapid increase in mining activities in the region. The Asia Pacific is the largest exporting region of sodium cyanide. Within the Asia Pacific, China, being a major market for the product, accounts for a high domestic demand for sodium cyanide. After the Asia Pacific, North America is the leading supplier and exporter of the substance, majorly exporting to countries in Latin. In North America, the market is growing due to the surplus capacity of sodium cyanide in the region.
With the growing demand for precious metals, the mining activities have also increased, which is aiding the global market for sodium cyanide. In June 2017, the Chemours Company (Chemours) (NYSE: CC), a key player in the market, started the construction of a new Chemours Mining Solutions manufacturing facility in the state of Durango, Mexico, investing around USD 150 million in the project. Chemours is the world's largest producer of solid sodium cyanide, essential in mining operations, and this new facility will provide a safe and reliable supply to the mining industry in Mexico, further aiding in the growth of the sodium cyanide industry, globally.
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The major players in the global sodium cyanide market are Anhui Shuguang Chemical Group, Cyanco Corporation, Chemours Company, Orica Limited, Taekwang Industrial Co., Ltd., CyPlus GmbH, Tongsuh Petrochemical Corp., Ltd, Sasol Limited, Unique Chemical Limited, and Australian Gold Reagents Pty Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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