1. Market Research
  2. > Mining and Quarrying
  3. > Metals Market Trends
Sodium Cyanide Market - Growth, Trends, COVID-19 Impact, and Forecasts (2020 - 2025)

Sodium Cyanide Market - Growth, Trends, COVID-19 Impact, and Forecasts (2020 - 2025)

  • February 2021
  • 123 pages
  • ID: 6028495
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The sodium cyanide (NaCN) market is expected to witness a CAGR of above 6% during the forecast period. The major factors driving the growth of the market studied are the increasing demand from the mining industry and for use in polymer synthesis. On the flip side, the toxicity of sodium cyanide hampers the growth of the market studied.

- The mining and metallurgy industry dominated the market and is likely to grow during the forecast period with the continuous growth in mining activities.
- The increasing demand for sodium cyanide downstream products and increasing demand for natural dyes in the textile industry are likely to provide opportunities for the studied market during the forecast period.
- Asia-Pacific dominated the market across the world, due to the growing mining activities in the region, and robust demand fuelling the growth of polymer synthesis and the chemicals industry.

Key Market Trends
Mining and Metallurgy Segment to Dominate the Market Demand

- The mining and metallurgy industry dominates the consumption of sodium cyanide. Sodium cyanide is sold either in liquid or solid briquette forms.
- It is extensively used in gold extraction, where the demand is majorly driven by the low costs and high availability. Another major factor driving the demand for sodium cyanide in the mining industry is that it is not self-combustible.
- Almost 90% of global gold production utilizes sodium cyanide. The gold ore, after being crushed into powder, is added to the sodium cyanide solution, which results in the strong bonding of gold molecules to sodium cyanide. The application of zinc then separates cyanide from gold, which results in the formation of solid gold.
- The consumption of sodium cyanide per ton of ore processed is increasing as the average content of gold is declining gradually, globally.
- The rising demand for these metal for commercial and non-commercial applications is another driving factor for sodium cyanide in the purification of metals.
- Silver is another metal where sodium cyanide is employed in the extraction process. The process is similar to gold and is referred to as the ‘cyanide process”.
- The increasing demand for such metals for commercial and non-commercial applications has led to increased mining activities, globally. With this, the demand for sodium cyanide is also expected to continue increasing significantly in the coming years.

Asia-Pacific Region to Dominate the Market

- The Asia-Pacific region dominated the global market share. With the robust demand from the gold extraction and chemical industry, the demand for sodium cyanide in Asia-Pacific, primarily in China, has been increasing at a faster rate.
- China accounts for more than 12% of the world’s total gold production. China has been further promoting mining activities in the country by allowing foreign investments into the sector, which is further driving the mining activities in the country.
- China also stands to be the largest producer of chemicals, and plastics, which increases the demand for sodium cyanide in the country.
- In addition, the demand for sodium cyanide is increasing for application during polymer processing. This is due to the strong demand for plastics from the building and construction industry, which is growing at a robust rate in countries, such as India, China, Indonesia, Vietnam, and Singapore.
- Countries like India, Bangladesh, Malaysia, and others, have been witnessing noticeable demand from the agricultural sector, where sodium cyanide pesticides are used against predatory animals.
- Moreover, sodium cyanide has also been increasingly used in electroplating in the automotive and electronics industries in countries such as India, China, South Korea, Thailand, and Malaysia, which is further expected to drive the demand for sodium cyanide market in the region during the forecast period.
- Hence, with all such applications and robust demand in the region, the sodium cyanide market is expected to witness healthy growth during the forecast period.

Competitive Landscape
The sodium cyanide market is a fragmented market, where numerous players hold insignificant shares to affect the market dynamics individually. Some of the noticeable players in the market include The Chemours Company, Cyanco, Orica Limited, Evonik Industries AG, and Asahi Kasei Corporation, among others.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on