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Global Sodium Cyanide Market: By Application: Mining, Electroplating, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Sodium Cyanide Market Outlook
The global demand for sodium cyanide reached a volume of 1153 thousand metric tons in 2020. The market demand is expected to grow at a CAGR of 6.4% in the forecast period of 2023-2028, owing to the growing mining activities.
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Asia Pacific and North America to be Significant Regional Markets for Sodium Cyanide
Asia Pacific, the net exporting base of sodium cyanide, is expected to witness high growth rates in terms of demand. The rapid increase in mining activities in the region, along with the growing electroplating industry, is pushing the growth of the sodium cyanide market further. Both supply and demand are quite high in the region. The Asia Pacific region is the leading supply market for the product, accounting for nearly half the global supply of sodium cyanide. The sodium cyanide market in the region is being driven by the ready availability of feedstock and high-capacity installation. Asia Pacific is the largest exporter of sodium cyanide due to the surplus production in Asia owing to the low labour cost in the manufacturing of sodium cyanide, as compared to North America and Europe. China, a significant market within the Asia Pacific region, has a high domestic demand for sodium cyanide.
North America follows Asia Pacific as the leading supplier and exporter of the substance. North America is one of the major exporting regions due to its surplus capacity. The region majorly exports to Latin America and Mexico and is a net exporter of sodium cyanide. The region also imports the substance, although in a lower amount, due to the preferences of consumers for overseas producers and specifications of the product grade. The market in the region is being propelled forward by the easy availability of feedstock, as well as the close access to the mining sites. In the forecast period, the industry is expected to be driven within the region by the anticipated increase in capacity for sodium cyanide in the coming years.
Market Segmentations
Sodium cyanide refers to an inorganic compound with the chemical formula, NaCN. It is a white, clean, and water-soluble solid. Cyanide has a greater affinity to metals, which results in high toxicity of this salt. The primary application sector for the product is in gold mining, which also exploits the high metal reactivity of the product. It is an extremely toxic substance that blocks many metabolic processes and is often used as a test reagent for the role of chemoreceptors.
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The major applications of the market are:
- Mining
- Electroplating
- Others
The regional markets for the sodium cyanide can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Growing Mining Activities Augmenting the Market Growth
The global sodium cyanide market is being driven by the growing mining activities, especially in the Asia Pacific region. The ever-increasing demand for precious metals like gold is encouraging increased mining in the region, by both national and international mining companies. The easy availability of feedstock, hydrogen cyanide, is further aiding the market growth. The demand for precious metals is aiding the growth of precious metals mining industries, especially in regions like Africa and Oceania, where the demand for sodium cyanide is growing. The mining industry is also witnessing healthy growth in the United States due to favourable changes in the policies; thus, propelling the sodium cyanide market forward. The market is also driven by the growing demand from the application sectors like chemical intermediates and other materials. The use of sodium cyanide in the electroplating industry is also supporting the market growth. Its excellent blending property makes it a useful intermediate in the electroplating industry. Other applications, such as fumigation, silver refinement, steel hardness, and dye manufacturing are expected to drive demand for sodium cyanide during the forecast period.
Key Players in the Global Market for Sodium Cyanide
The report gives a detailed analysis of the following key players in the global sodium cyanide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
- Australian Gold Reagents Pty Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Mining (Extraction), Electroplating, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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, Australian Gold Reagents Pty Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sodium Cyanide Market Analysis
8.1 Key Industry Highlights
8.2 Global Sodium Cyanide Historical Market (2018-2022)
8.3 Global Sodium Cyanide Market Forecast (2023-2028)
8.4 Global Sodium Cyanide Market by Application
8.4.1 Mining
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Electroplating
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Sodium Cyanide Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
9 North America Sodium Cyanide Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Sodium Cyanide Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Sodium Cyanide Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Sodium Cyanide Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Sodium Cyanide Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Trade Data Analysis (HS Code – 283711)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Anhui Shuguang Chemical Group
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Cyanco Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Chemours Company
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Orica Limited
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Taekwang Industrial Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 CyPlus GmbH
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Tongsuh Petrochemical Corp., Ltd
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Sasol Limited
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Unique Chemical Limited
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Australian Gold Reagents Pty Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sodium Cyanide Market: Key Industry Highlights, 2018 and 2028
2. Global Sodium Cyanide Historical Market: Breakup by Application (Thousand Metric Tons), 2018-2022
3. Global Sodium Cyanide Market Forecast: Breakup by Application (Thousand Metric Tons), 2023-2028
4. Global Sodium Cyanide Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2022
5. Global Sodium Cyanide Market Forecast: Breakup by Region (Thousand Metric Tons), 2023-2028
6. North America Sodium Cyanide Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
7. North America Sodium Cyanide Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
8. Europe Sodium Cyanide Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
9. Europe Sodium Cyanide Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
10. Asia Pacific Sodium Cyanide Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
11. Asia Pacific Sodium Cyanide Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
12. Latin America Sodium Cyanide Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
13. Latin America Sodium Cyanide Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
14. Middle East and Africa Sodium Cyanide Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
15. Middle East and Africa Sodium Cyanide Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Sodium Cyanide Market Structure
Key Questions Answered in the Report
In 2020, the global sodium cyanide market attained a volume of nearly 1153 thousand metric tons.
The market is projected to grow at a CAGR of 6.4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach 1651 thousand metric tons by 2026.
The market is driven by rising industrialisation, growing mining, and rise in extracting activities.
The key trends in the market are rising demand for precious metals like gold.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific being the leading supplier in the market.
The application segments include mining (extraction) and electroplating, among others.
The major players in the industry 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.
Analyst Review
The global sodium cyanide market demand reached a volume of 1153 thousand metric tons in 2020. The market demand is expected to grow at a CAGR of 6.4% in the forecast period of 2023-2028. By 2026, the demand is projected to attain 1651 thousand metric tons.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the sodium cyanide industry can be segmented into mining and electroplating, among others, with mining accounting for the largest market share. The major regional markets for sodium cyanide are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific being the leading supplier in the market. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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