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United States Sodium Cyanide Market

United States Sodium Cyanide Market Size, Growth, Trends: By Form: Powder, Liquid (Solution); By End Use: Mining and Metallurgy, Chemical Intermediate, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Trade Data Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

United States Sodium Cyanide Market Outlook

The United States sodium cyanide market size reached a value of around USD 131.79 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 188.85 million by 2032.

 

united states sodium cyanide market

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Key Trends in the Market

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. 

 

  • Sodium cyanide is widely used in the mining sector as gold and other precious metals are extracted using sodium cyanide as a primary mining chemical. Hence, the United States sodium cyanide market expansion is being driven by the expanding mining operations as increased mining is being encouraged in the country by the rising demand for precious metals like gold.
  • The market is also being propelled by the expanding demand for various chemicals, such as chemical intermediates and other materials. Another factor boosting market expansion is the usage of sodium cyanide in electroplating applications.
  • With the high level of toxicity of sodium cyanide, and the dangers it poses to human handlers, development is under way of safer methods of handling and utilising sodium cyanide that utilises its advantages while protecting the environment and personnel involved.

 

United States Sodium Cyanide Market Analysis

 

united states sodium cyanide market by segments

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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. 

 

  • Draslovka
  • Cyanco International, LLC
  • Orica Limited
  • Sasol Limited
  • Univertical International
  • Others

 

Market Share by Form

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. 

 

Market Share by End Use

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. 

 

united states sodium cyanide market report

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Competitive Landscape

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
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:

  • Form
  • End Use
Breakup by Form
  • Powder
  • Liquid (Solution)
Breakup by End Use
  • Mining and Metallurgy
  • Chemical Intermediate
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Draslovka
  • Cyanco International, LLC
  • Orica Limited
  • Sasol Limited
  • Univertical International
  • Others

 

*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

Key Questions Answered in the Report

In 2023, the United States market for sodium cyanide attained a value of approximately USD 131.79 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 188.85 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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