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The United States sodium cyanide market size reached a value of around USD 126.6 million in 2023. The market is expected to grow at a CAGR of 4.10% between 2024 and 2032, reaching a value of around USD 160.81 million by 2032.
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Sodium cyanide is an inorganic substance and a cyanide salt with the chemical formula NaCN which appears as a solid that is white, crystalline, and water soluble. It acts as a test reagent for chemoreceptor functions and is used in various industrial processes. Sodium cyanide is also utilised to chelate compounds, clean metals, extract silver and gold, and in electroplating. It is highly poisonous, toxic, corrosive, and can prove fatal if it comes into contact with skin, is swallowed, or inhaled.
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Based on form, the market is bifurcated into powder and liquid (solution). The market on the basis of end use is segmented into mining and metallurgy, and chemical intermediate, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States sodium cyanide market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
By form, the powder segment accounts for a sizable share of the United States sodium cyanide market as sodium cyanide is produced in powder form, which can then be mixed with liquid as needed at the time of application. Due to its toxic nature, handling and managing sodium cyanide is easier in powder form and transportation and logistics also becomes easier. Insecticides, electroplating baths, metal cleaning solutions, metal hardening, and the extraction of metal ores all employ it in solid or solution form. Although sodium cyanide applications commonly use the compound in liquid (solution) form, it is often purchased and shipped as a powder, and then mixed with a solution at the time of application.
The mining and metallurgy end use sector accounts for a sizable share of the United States sodium cyanide market, particularly in the extraction of gold and silver. It is one of the most efficient, simple to use, and ecologically friendly processes for processing gold. From their ores, silver or gold is extracted using sodium cyanide solution.
The cyanide solution serves as a reducing agent in the cyanide process to convert the gold and silver compounds found in the ores into their metallic states, which is how gold and silver are extracted from their native ores. As well as being used to make colours and hydrocyanic acid, it is also used to clean metals.
Due to favourable policy changes, the mining sector is also expanding strongly in the United States, which is driving the United States sodium cyanide market. The market will further expand due to the increased usage of metal mining for the extraction and purification of metals as well as the rising demand for precious metals like gold and silver.
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Cyanco International, LLC, headquartered in Texas in the United States, provides clients in the gold and silver mining industry with mineral extraction chemicals on a global scale. The company, which was established in 1990, is focused on manufacturing and selling sodium cyanide in solution and solid forms. Cyanco helps mines grow sustainably by offering technical support for essential sodium cyanide handling, analysis, and detoxification procedures in addition to high-quality supplies and worry-free delivery.
Orica Limited, with its headquarters in Victoria, Australia is one of the top providers of infrastructure and mining solutions globally. It sustainably mobilises the resources of the ground through the manufacturing and supply of explosives, mining chemicals, blasting systems, and geotechnical monitoring, as well as cutting-edge digital solutions and a wide range of services. One of the biggest producers of sodium cyanide for use in the mining sector, Orica was founded in 1874.
Sasol Limited is a multinational chemicals and energy corporation that was founded in 1950. The company, which has its headquarters in Johannesburg in South Africa, provides liquid fuels, chemicals, and low-carbon electricity. Sasol specialises in mining, international exploration and production, energy, base chemicals, performance chemicals, and group functions.
Other market players include Draslovka, and Univertical International, among others.
REPORT FEATURES | DETAILS |
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Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Form |
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Breakup by End Use |
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Market Dynamics |
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Trade Data Analysis |
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Competitive Landscape |
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Companies Covered |
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*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 Market 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 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Sodium Cyanide Market Overview
8.1 Key Industry Highlights
8.2 North America Sodium Cyanide Historical Market (2018-2023)
8.3 North America Sodium Cyanide Market Forecast (2024-2032)
9 United States Sodium Cyanide Market Overview
9.1 Key Industry Highlights
9.2 United States Sodium Cyanide Historical Market (2018-2023)
9.3 United States Sodium Cyanide Market Forecast (2024-2032)
10 United States Sodium Cyanide Market by Form
10.1 Powder
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Liquid (Solution)
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
11 United States Sodium Cyanide Market by End Use
11.1 Mining and Metallurgy
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Chemical Intermediate
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code - 282711)
13.1 Major Exporting Countries
13.1.1 by Value
13.1.2 by Volume
13.2 Major Exporting Countries
13.2.1 by Value
13.2.2 by Volume
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Draslovka
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cyanco International, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Orica Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sasol Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Univertical International
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Sodium Cyanide Market: Key Industry Highlights, 2018 and 2032
2. United States Sodium Cyanide Market: Key Industry Highlights, 2018 and 2032
3. United States Sodium Cyanide Historical Market: Breakup by Form (USD Million), 2018-2023
4. United States Sodium Cyanide Market Forecast: Breakup by Form (USD Million), 2024-2032
5. United States Sodium Cyanide Historical Market: Breakup by End Use (USD Million), 2018-2023
6. United States Sodium Cyanide Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. United States Sodium Cyanide Historical Market: Breakup by Country (USD Million), 2018-2023
8. United States Sodium Cyanide Market Forecast: Breakup by Country (USD Million), 2024-2032
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. United States Sodium Cyanide Market Structure
In 2023, the United States market for sodium cyanide attained a value of approximately USD 126.6 million.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 160.81 million by 2032.
The major drivers of the market include the growing demand from application sectors like chemical intermediates, use of sodium cyanide in the electroplating industry, widespread in metal mining for extraction and purification, and the growing investment in mining industry.
Growing mining activities and the increasing demand for precious metals like gold and silver are the key trends propelling the growth of the market.
The various forms of sodium cyanide in the market are powder and liquid (solution).
The different end uses in the market are mining and metallurgy, and chemical intermediate, among others.
Sodium cyanide is a cyanide salt with an equal mixture of sodium cations and cyanide anions.
Sodium cyanide is produced through the reaction process of hydrogen cyanide with sodium hydroxide. At an industrial level, ammonia and caustic soda may also be used as raw materials.
The major players in the United States sodium cyanide market are Draslovka, Cyanco International, LLC, Orica Limited, Sasol Limited, and Univertical International, among others.
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