Global Sodium Cyanide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Sodium Cyanide market:
The latest research study on the global Sodium Cyanide market finds that the global Sodium Cyanide market reached a value of USD 2617.19 million in 2022. It’s expected that the market will achieve USD 3175.0 million by 2028, exhibiting a CAGR of 3.27% during the forecast period.

Sodium cyanide is an inorganic compound with the formula NaCN. It is a white, water-soluble solid. Cyanide has a high affinity for metals, which leads to the high toxicity of this salt. Its main application, in gold mining, also exploits its high reactivity toward metals. It is a strong base.

Market Drivers, Trends and Issues
The production areas of sodium cyanide are mainly China, South Korea, the United States, Europe and Australia, of which USA is the largest producer around the world. In recent years, China's exports of solid sodium cyanide to South America, Africa, Australia and Central Asia, Southeast Asia and other regions have been increasing, indicating that the demand for solid sodium cyanide from China in various countries in the world is expanding.

Sodium cyanide is a common industrial chemical that can be obtained at a relatively low cost. Considering technical and economic reasons, cyanide is the chemical of choice for recovering gold from ore.

Due to the decline in the quality of gold and silver ore, the demand for flotation reagents such as sodium cyanide has been increasing, and affordable sodium cyanide is widely used for gold extraction.
China accounts for more than 12% of total world gold production. China has further promoted the country's mining activities by allowing foreign investment into the sector, which has further boosted the country's mining activities. China's sodium cyanide market has great market potential.

The growing demand for precious metals for commercial and non-commercial uses has led to an increase in mining activities worldwide. Therefore, the demand for sodium cyanide is also expected to continue to grow significantly in the coming years.

However, sodium cyanide spills during the mining process may have a negative impact on the environment and may inhibit the potential growth of the sodium cyanide market.

Region Overview:
From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:
The top three companies are Cyanco, Anhui Shuguang Chemical, Hebei Chengxin Group with the revenue market share of 11.24%, 9.51% and 8.19% in 2019.

Cyanco Company, LLC manufacture and markets chemicals products. The Company produces solid to liquid systems, cyanide control systems, peroxide assisted leaches, analyzers, and sodium cyanide for the gold mining industry. Cyanco distributes it products worldwide.

Anhui Shuguang Chemical Group was established in October 1995 by the parent company Anhui Shuguang Chemical Group Co., Ltd. and its wholly-owned and controlled subsidiaries. The Group's main products are sodium cyanide, potassium cyanide, hydrogen, syngas, n-butanol, isobutanol, octanol, methanol, propane, ammonium sulfate, sulfuric acid, heat (steam), metal drums (boxes), organic Glass and its products, etc., and has specialized hazardous chemicals for road transportation, Yangtze River shipping and ship port service capabilities.

Segmentation Overview:
Among different product types, Solid Sodium Cyanide segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Mining Industry segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Sodium Cyanide market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Sodium Cyanide market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Sodium Cyanide and its sub-markets in an intuitive way.

Key Companies in the global Sodium Cyanide market covered in Chapter 3:
Orica
Unigel Group
Taekwang Industrial
Chemours (DuPont)
Australian Gold Reagents
Anhui Shuguang Chemical
Gujarat Alkalies and Chemicals Limited
Tongsuh Petrochemical
Sasol Limited
Hebei Chengxin Group
Cyanco
Nippon Soda

In Chapter 4 and Chapter 14.2, on the basis of types, the Sodium Cyanide market from 2018 to 2029 is primarily split into:
Solid Sodium Cyanide
Liquid Sodium Cyanide

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sodium Cyanide market from 2018 to 2029 covers:
Mining Industry
Chemical Industry
Dye and Textile Industry
Electroplating Industry
Metallurgy
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Sodium Cyanide market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions