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Global Sodium Cyanide Market: By Application: Mining (Extraction), Electroplating, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Price Analysis; Trade Analysis; SWOT Analysis; Value Chain Analysis; Procurement Strategy, Cost Analysis; Competitive Landscape; Industry Events and Developments

Global Sodium Cyanide Market Outlook

The global sodium cyanide market demand reached a volume of 855.7 thousand metric tons in 2020. The market demand is expected to grow at a CAGR of 4.1% in the forecast period of 2021-2026. By 2026, the demand is projected to attain 1089 thousand metric tons.

 

Global Sodium Cyanide Market

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The 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 in the region are quite high in the region. The Asia Pacific 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. The 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. Southeast Asia exports a significant volume of sodium cyanide to the West African region, like Ghana and Burkina Faso. China, a significant market within the Asia Pacific region, has a high domestic demand for sodium cyanide. It is also a major exporter, exporting to countries like Latin America, Africa, and India.

North America follows the 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 the substance. 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.

 

Properties and Applications

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. It is also used in a variety of industrial applications like:

 

Global Sodium Cyanide Market By Application

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  • Mining (Extraction)
  • Electroplating
  • Others

The EMR report also covers the regional markets like North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

 

Global Sodium Cyanide Market By Region

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Market Analysis

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 aiding the market growth in the region.

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, further propelling the sodium cyanide industry 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 industry growth. Its excellent blending property makes it a useful intermediate in the electroplating industry.

 

Competitive Landscape

June 2017- Chemours Company (NYSE: CC) started construction of its new USD 150 million Chemours Mining Solutions manufacturing facility in Durango, Mexico.

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 Lomited
  • Australian Gold Reagents Pty Ltd
  • Unique Chemical Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also offers cost analysis, price analysis, trade data, and value chain analysis, among other data.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Sodium Cyanide Market Analysis
    6.1    Figure: Global Sodium Cyanide Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Sodium Cyanide Market Breakup by Application
        6.2.1    Mining (Extraction)
        6.2.2    Electroplating
        6.2.3    Others
    6.3    Figure: Global Sodium Cyanide Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Mining (Extraction)
        6.3.2    Electroplating
        6.3.3    Others
    6.4    Chart: Global Sodium Cyanide Market Breakup by Region
        6.4.1    North America
            6.4.1.1    United States of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    Russia
            6.4.2.2    Poland
            6.4.2.3    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Australia
            6.4.3.3    ASEAN
            6.4.3.4    Others
        6.4.4    Latin America
            6.4.4.1    Mexico
            6.4.4.2    Brazil
            6.4.4.3    Peru
            6.4.4.4    Others
        6.4.5    Middle East and Africa
            6.4.5.1    South Africa
            6.4.5.2    Ghana
            6.4.5.3    Sudan
            6.4.5.4    Others
    6.5    Figure: Global Sodium Cyanide Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    North America
            6.5.1.1    United States of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    Russia
            6.5.2.2    Poland
            6.5.2.3    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Australia
            6.5.3.3    ASEAN
            6.5.3.4    Others
        6.5.4    Latin America
            6.5.4.1    Mexico
            6.5.4.2    Brazil
            6.5.4.3    Peru
            6.5.4.4    Others
        6.5.5    Middle East and Africa
            6.5.5.1    Saudi Africa
            6.5.5.2    Ghana
            6.5.5.3    Sudan
            6.5.5.4    Others
7    Global Sodium Cyanide Price Analysis
    7.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
8    Global Sodium Cyanide Trade Analysis (HS Code:283711)
    8.1    Major Exporting Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    Value Chain Analysis
12    EMR’s Key Indicators for Demand
13    EMR’s Key Indicators for Price

14    Cost Analysis
    14.1    Cost of Raw Material
    14.2    Utilities
    14.3    Manpower
    14.4    Others
15    Competitive Landscape & Supplier Analysis
    15.1    Anhui Shuguang Chemical Group
        15.1.1    Company Overview
        15.1.2    Financial Analysis
    15.2    Cyanco Corporation
        15.2.1    Company Overview
        15.2.2    Financial Analysis
    15.3    Chemours Company
        15.3.1    Company Overview
        15.3.2    Financial Analysis
    15.4    Orica Limited
        15.4.1    Company Overview
        15.4.2    Financial Analysis
    15.5    TAEKWANG Industrial Co., ltd.
        15.5.1    Company Overview
        15.5.2    Financial Analysis
    15.6    CyPlus GmbH
        15.6.1    Company Overview
        15.6.2    Financial Analysis
    15.7    Tongsuh Petrochemical Corp., Ltd
        15.7.1    Company Overview
        15.7.2    Financial Analysis
    15.8    Sasol Limited
        15.8.1    Company Overview
        15.8.2    Financial Analysis
    15.9    Australian Gold Reagents Pty Ltd
        15.9.1    Company Overview
        15.9.2    Financial Analysis
    15.10    Unique Chemical Limited
        15.10.1    Company Overview
        15.10.2    Financial Analysis
    15.11    Others
16    Events and Developments

Analyst Review

The global sodium cyanide market reached a volume of 855.7 thousand metric tons in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.1%. The market is projected to attain 1089 thousand metric tons by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its application sectors, the global sodium cyanide market can be segmented into mining and electroplating, among others. The major regional markets of the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific being the leading supply market of the product. The key players in the above industry include Anhui Shuguang Chemical Group, Cyanco Corporation, Chemours Company, Orica Limited, TAEKWANG Industrial Co., ltd., CyPlus GmbH, Tongsuh Petrochemical Corp., Ltd, Sasol Polymers Ltd, Australian Gold Reagents Pty Ltd, and Unique Chemical Limited, among others.

The major drivers of the industry such as rising disposable incomes, increasing population, growing mining activities, easy availability of raw materials, and rising demand for precious metals are driving the growth of the market globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global sodium cyanide market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the market for 2021-2026?
  • What are the major industry drivers and constraints?
  • What are the major price and demand indicators of the global sodium cyanide market?
  • What are the price trends of the product in the global industry?
  • Who are the key manufacturers of the product in the global market?
  • What is the degree of competition in the global sodium cyanide market?
  • What are the import and export trends in the global sodium cyanide market?
  • Who are the top importers and exporters of the product in the industry globally?
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