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According to the latest research, the global Solid Sodium Cyanide market size was valued at USD 2166.47 million in 2022 and is expected to expand at a CAGR of 8.56% during the forecast period, reaching USD 3546.28 million by 2028.
Sodium cyanide is a poisonous compound with the formula NaCN. Cyanide has a high affinity for metals, which leads to the high toxicity of this salt. Sodium cyanide is a basic chemical raw material that plays an important role in practical chemical synthesis, pharmaceutical manufacturing, mining, and precious metal extraction. Solid Sodium cyanide appears as a white crystalline solid, lump solid or powder.
Growth Drivers
Sodium cyanide is a common industrial chemical widely used in the mining industry, most commonly in gold mining. Gold is not only a special currency for reserves and investment, but also an important material for jewelry, electronics, modern communications, aerospace and other sectors. The increase in global uncertainties such as geopolitics and inflation has driven the price of gold to rise and demand has risen.
Most of the gold in the world is not in lumps, but very fine powders of gold in rocks. Demand for gold has forced mining companies to mine in rock with extremely low gold content, which requires industrial extraction to separate and purify gold from other materials. After mining and milling, the coarse rock mixture is turned into a fine powder and added to a sodium cyanide solution. Gold forms strong bonds with cyanide molecules, which can then be separated from other minerals, then it reacts with zinc and turns back into a solid, and finally smelting separates out the gold and casts it into bars. Due to the declining quality of gold and silver ores, the demand for sodium cyanide is increasing, and cyanide is the chemical of choice for gold recovery from ores for technical and economic reasons.
Rising demand for precious metals such as gold and silver drives mining activities, further driving the development of the sodium cyanide market.
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
Draslovka is one of the major players operating in the Solid Sodium Cyanide market, holding a share of 15.44% in 2022.
In its early days, the focus of the company lay in the R&D and production of hydrogen cyanide, but an extensive line of next-generation CN-based products and services has since emerged. Today, Draslovka stands on the three business pillars of Agricultural solutions, Mining solutions, and Specialty chemicals. With business units in 7 territories and sales teams in more than 80 countries, they are providing their clients with the largest and most robust network of expert support.
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, Andrussow Method segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Mining Industry segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Solid Sodium Cyanide industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Solid Sodium Cyanide. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Solid Sodium Cyanide Market Report Include:
Market Size Estimates: Solid Sodium Cyanide market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Solid Sodium Cyanide market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Solid Sodium Cyanide market
Segment Market Analysis: Solid Sodium Cyanide market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Solid Sodium Cyanide market situations and prospects in major and top regions and countries
Solid Sodium Cyanide Market
Solid Sodium Cyanide Industry Chain: Solid Sodium Cyanide market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Solid Sodium Cyanide Industry News, Policies by regions
Solid Sodium Cyanide Industry Porters Five Forces Analysis
Key players in the global Solid Sodium Cyanide market are covered in Chapter 2:
Anhui Shuguang Chemical
Australian Gold Reagents
Taekwang Industrial
Cyanco
Hebei Chengxin Group
Tongsuh Petrochemical
CyPlus GmbH(Evonik)
Orica
Draslovka
In Chapter 6 and Chapter 9, on the basis of types, the Solid Sodium Cyanide market from 2018 to 2028 is primarily split into:
Andrussow Method
Acrylonitrile By-product Method
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Solid Sodium Cyanide market from 2018 to 2028 covers:
Mining Industry
Chemical Industry
Dye and Textile Industry
Pharmaceutical
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Solid Sodium Cyanide market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Solid Sodium Cyanide industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Solid Sodium Cyanide market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Solid Sodium Cyanide industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Solid Sodium Cyanide market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Solid Sodium Cyanide market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Solid Sodium Cyanide market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Sodium cyanide is a poisonous compound with the formula NaCN. Cyanide has a high affinity for metals, which leads to the high toxicity of this salt. Sodium cyanide is a basic chemical raw material that plays an important role in practical chemical synthesis, pharmaceutical manufacturing, mining, and precious metal extraction. Solid Sodium cyanide appears as a white crystalline solid, lump solid or powder.
Growth Drivers
Sodium cyanide is a common industrial chemical widely used in the mining industry, most commonly in gold mining. Gold is not only a special currency for reserves and investment, but also an important material for jewelry, electronics, modern communications, aerospace and other sectors. The increase in global uncertainties such as geopolitics and inflation has driven the price of gold to rise and demand has risen.
Most of the gold in the world is not in lumps, but very fine powders of gold in rocks. Demand for gold has forced mining companies to mine in rock with extremely low gold content, which requires industrial extraction to separate and purify gold from other materials. After mining and milling, the coarse rock mixture is turned into a fine powder and added to a sodium cyanide solution. Gold forms strong bonds with cyanide molecules, which can then be separated from other minerals, then it reacts with zinc and turns back into a solid, and finally smelting separates out the gold and casts it into bars. Due to the declining quality of gold and silver ores, the demand for sodium cyanide is increasing, and cyanide is the chemical of choice for gold recovery from ores for technical and economic reasons.
Rising demand for precious metals such as gold and silver drives mining activities, further driving the development of the sodium cyanide market.
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
Draslovka is one of the major players operating in the Solid Sodium Cyanide market, holding a share of 15.44% in 2022.
In its early days, the focus of the company lay in the R&D and production of hydrogen cyanide, but an extensive line of next-generation CN-based products and services has since emerged. Today, Draslovka stands on the three business pillars of Agricultural solutions, Mining solutions, and Specialty chemicals. With business units in 7 territories and sales teams in more than 80 countries, they are providing their clients with the largest and most robust network of expert support.
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, Andrussow Method segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Mining Industry segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Solid Sodium Cyanide industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Solid Sodium Cyanide. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Solid Sodium Cyanide Market Report Include:
Market Size Estimates: Solid Sodium Cyanide market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Solid Sodium Cyanide market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Solid Sodium Cyanide market
Segment Market Analysis: Solid Sodium Cyanide market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Solid Sodium Cyanide market situations and prospects in major and top regions and countries
Solid Sodium Cyanide Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Solid Sodium Cyanide Industry Chain: Solid Sodium Cyanide market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Solid Sodium Cyanide Industry News, Policies by regions
Solid Sodium Cyanide Industry Porters Five Forces Analysis
Key players in the global Solid Sodium Cyanide market are covered in Chapter 2:
Anhui Shuguang Chemical
Australian Gold Reagents
Taekwang Industrial
Cyanco
Hebei Chengxin Group
Tongsuh Petrochemical
CyPlus GmbH(Evonik)
Orica
Draslovka
In Chapter 6 and Chapter 9, on the basis of types, the Solid Sodium Cyanide market from 2018 to 2028 is primarily split into:
Andrussow Method
Acrylonitrile By-product Method
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Solid Sodium Cyanide market from 2018 to 2028 covers:
Mining Industry
Chemical Industry
Dye and Textile Industry
Pharmaceutical
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Solid Sodium Cyanide market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Solid Sodium Cyanide industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Solid Sodium Cyanide market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Solid Sodium Cyanide industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Solid Sodium Cyanide market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Solid Sodium Cyanide market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Solid Sodium Cyanide market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
