The global demand for Potassium Cyanide Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026.
Potassium Cyanide Potassium Cyanide is a compound of potassium, carbon and nitrogen and is chemically referred to as KCN. It comes in crystal form and is soluble in water. Potassium cyanide is used in a wide variety of applications like printing, dyeing, photography, metal cleaning and manufacturing. It is commonly used in the extraction and recycling of precious metals like gold and silver. Currently, it is most commonly used in metallurgical industries as an aid for electroplating. Potassium cyanide is used in electroplating of electronic parts, costume jewellery, watches and pens. Prolonged exposure to cyanide can be harmful to the heart, brain and respiratory system.
The key drivers of potassium cyanide market its extensive use in the electroplating of electronic equipment, watches and costume jewellery. The tremendous growth potential exhibited by the electronics industry and gold which is considered one of the best investment sources by the global population will boost this market. The rise in disposable income, changing lifestyles and emerging technologies in the electronics industry will boost the market growth. This market will be hit by the COVID-19 pandemic due to its extensive use in manufacturing sectors and currently, there is a reduction in the labour force. The major constraint for the growth of this market is the harmful effects of potassium cyanide caused by prolonged exposure.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of potassium cyanide.
The entire potassium cyanide market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Gold Plating
- Medical Anticorrosion
This section covers regional segmentation which accentuates on current and future demand for potassium cyanide market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Potassium Cyanide Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the potassium cyanide market include Sreenivasa Industries, Newmont Mining Corporation, GFS Chemicals, Prominex Precious Mineral Resources, Italpreziosi, Bangalore Refinery Private Limited, Kinross Gold Corporation, Barrick Gold Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.