The global demand for Sodium Cyanide Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Sodium Cyanide is an inorganic deliquescent material with toxicity. The main application of this highly reactive compound is in the mining of gold and silver ores and their extraction. The various other applications of sodium cyanide include electroplating, manufacture of chemicals, printing, agrochemicals and metal cleaning. With growing research activities to find new applications for this toxic substance has led to its use in photography as well as fumigation. Since even very small quantities of sodium cyanide can be fatal, it is used as a chemical weapon against humans and wildlife.
The growing demand for gold and silver mining due to depleting resources is the main driver for the sodium cyanide market growth. The research and development activities have opened new doors for the use of cyanide in electroplating, dyes, rocket propellants, agrochemicals and hence the demand for the same is expected to surge. The increased investments in mining, chemical industries and pharmaceuticals will boost the growth of this market. COVID-19 pandemic will not be favourable to the growth of this market since the lockdown will lower productivity. The main constraint affecting this market will be the various government ordinances pertaining to its use due to the toxic nature of sodium cyanide.
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 sodium cyanide.
The entire sodium cyanide market has been sub-categorized into type and application. 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.
- Solid Sodium Cyanide
- Liquid Sodium Cyanide
- Chemical Industry
- Pharmaceutical Industry
- Dyes and Pigments
This section covers regional segmentation which accentuates on current and future demand for sodium 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.
Global Sodium Cyanide Market Share by Region (Representative Graph)
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 sodium cyanide market include Orica Limited, Cyanco corporation, Coogee Chemicals Pty. Ltd., Australian Gold Reagents Pty Ltd., Cyplus GmbH, Union Group Chemical Company S.l., Azoti and American Elements, I. Du Pont de Nemours and Company, Taekwang Industrial Co., Ltd., Tongsuh Petrochemical Corp., Ltd.. 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.