Sodium Cyanide Market, By Type (Solid Sodium Cyanide and Liquid Sodium Cyanide), By Application (Mining, Chemical Industry, Pharmaceutical Industry and Dyes & Pigments), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI246719 | Publish Date: February 2024 | No. of Pages: 170

Global Sodium Cyanide Market By Overview

Sodium Cyanide Market was valued at US$ 2536.4 Billion in 2024 and is projected to grow at a CAGR of 19.20% to reach US$ 12602.8 Billion by 2034.

Sodium cyanide is used for fumigation, electroplating, extraction of gold and silver from metals, and chemical manufacturing. Sodium cyanide appears as a white crystalline solid, lumpy solid, or powder. Furthermore, sodium cyanide is used as an intermediate in the manufacture of jewelers, vitamins, adhesives, computer electronics, fire retardants, aircraft brakes, cosmetics, nylon dyes, nail polish removers, paints, plexiglass, pharmaceuticals, rocket propellants, and tea. Thus, several advantages associated with sodium cyanide drive the growth of the global market. A fatal human poison by ingestion. Toxic by skin absorption from open wounds, ingestion and dust inhalation. Sodium cyanide is a toxic compound with the formula NaCN. It is a white, water-soluble solid. Cyanide has a high affinity for metals, which makes this salt highly toxic. Sodium cyanide is known by many different names such as cyanobric, cyanide of sodium, cyanide salt or cyanogen, it is sodium salt as well as a one-carbon compound. It is an inorganic compound, because it is a specific chemical compound that does not have established carbon and hydrogen bonds. The mining and metallurgy segment has maintained its dominance in the market and is poised to generate lucrative growth prospects over the forecast period. Another factor facilitating the growth of sodium cyanide in metals refining is the growing demand for these metals for both commercial and non-commercial applications.

Global Sodium Cyanide Market By Dynamics

      Expansion of the pharmaceutical industry & high production costs

Rising demand for precious metals, especially gold and silver, coupled with increased emphasis by miners on reducing production costs is the major driver of the sodium cyanide market. Expansion of the pharmaceutical industry is a driving factor for the sodium cyanide market. Additionally, sodium cyanide is widely used in electroplating applications. Thus, the increasing use of gas in electroplating activities has increased the demand for sodium cyanide, which has fueled the growth of the market. However, volatility in raw material prices and high production costs are the major restraints of the market. Cyanide exposure is also acutely toxic to humans, and exposure to high concentrations can cause health problems such as ataxia, hypertension, goiters, and depressed thyroid function. Thus, the harmful effects of cyanide on humans and the environment restrain the market growth to some extent.

Technological advancement

The mining segment accounted for a major market share of 78.8% in 2021, the study found that the chemical in liquid or solid briquette form has been widely used for gold processing. Products are widely accepted as a reagent for the separation of precious metals. The need to improve the quality of gold and silver ores will open new opportunities for sodium cyanide market players.In June 2022, Draslovka eyes base metal leaching prize with MPS glycine technology. Draslowka Holding made its presence felt in the mining chemicals space about a year ago when it announced plans to buy Chemours Co.'s mining solutions business, which has since become North American producers of solid sodium cyanide. In gold, MPS' GlyCat™ process was invented to reduce cyanide consumption while maintaining gold recovery for gold ores from nuisance copper-bearing deposits. GlyCat is designed to dissolve gold and copper in gold/copper ores where glycine is used as a catalyst with cyanide in a cyanide-starved leaching environment.

Global Sodium Cyanide Market By Segmentation

Sodium Cyanide Market-Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Sodium Cyanide Market is segmented based on type, application, and region.

Global Sodium Cyanide Market, By Type

On the basis of type, the Global Sodium Cyanide Market is segmented into Solid Sodium Cyanide and Liquid Sodium Cyanide. Solid sodium cyanide is a colorless salt, whose crystals belong to the cubic crystal system. So, its aqueous solutions are strongly basic due to the presence of cyanide ion. Solid sodium cyanide is used to extract gold from its ore through a process called leaching using sodium cyanide. In this process, the mineral ore is made into a fine powder using industrial machinery.

Global Sodium Cyanide Market, By Application

On the basis of application, the target market is classified into Mining, Chemical Industry, Pharmaceutical Industry and Dyes & Pigments. Sodium cyanide is also used as an intermediate in the manufacture of dyes, nylon, nail polish remover, paints, pharmaceuticals, rocket propellants, tables, jewelers, adhesives, computer electronics, fire retardants, aircraft brakes, cosmetics, etc

And more. Thus, these multiple benefits and applications associated with sodium cyanide are expected to fuel the growth of the global sodium cyanide market. But therefore, sodium cyanide is mainly used in gold and silver mining, which is only fueling the growth of the market to a great extent.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global Sodium Cyanide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a remarkable share of 40.0% of the global sodium cyanide market in 2021. It is expected to remain a highly lucrative region during the forecast period due to rapid industrialization and increasing use of sodium cyanide in medicine, mining, chemical and dyes industry in the region.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Kilotons & CAGR from 2024 to 2034

Market Segmentation

By Type - Solid Sodium Cyanide and Liquid Sodium Cyanide

By Application - Mining, Chemical Industry, Pharmaceutical Industry and Dyes & Pigments

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Sodium Cyanide Market report based on type, application, and region:

Global Sodium Cyanide Market, By Type:

  • Solid Sodium Cyanide
  • Liquid Sodium Cyanide

Global Sodium Cyanide Market, By Application:

  • Mining
  • Chemical Industry
  • Pharmaceutical Industry
  • Dyes & Pigments

Global Sodium Cyanide Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Sodium Cyanide Market By Key Players

The key players operating the Sodium Cyanide Market includes,

  • Evonik Industries will collaborate with HP to develop plastic powder for 3D printing
  • Cyanco, cynco is a global leader in mineral extraction chemicals for the gold and silver mining industry.
  • American Elements produces rare earth compound solution, including compounds of lanthanum, cerium, erbium, ytterbium, neodymium, and yttrium, as well as solutions of platinum group metals, including palladium, gold, iridium, ruthenium and platinum and solutions of refractories, Metals such as hafnium, scandium, niobium and tungsten. They also prepare solutions of more common metals such as copper, tin, nickel.
  • Australian Gold Reagents, Australian gold reagents is a manufacturer and supplier of sodium cyanide to the mining industry.
  • Orica Limited, Orica is one of the largest producer of sodium cyanide for the mining industry. Ammonia and caustic soda are the major raw materials use for this chemical.
  • Hebei Chengxin Co., Ltd. China is the largest producer of sodium cyanide and its derivatives. The company has passed the certificates of quality management system, environment management system and business health safety management system.
  • Tiande Chemical holding limited operates as a holding as a holding company, the company through its subsidiaries is engaged in manufacturing research and development, sales and distribution of fine chemical products. Tinde chemical holdings offers sodium cyanide, ethanol, cyanoacetic acid, cyanoacetates and other products.
  • Tongsuh Petrochemical, it is involved in the manufacture of petrochemical product, the company uses acrylonitrile(AN) sodium cyanide(NaCN), acrylamide (AMD) and EDTA to manufacture raw materials  for acrylic, ABS resin, NBR, SAN resin and adiponitrile acrylamide, adhesive dye material. Tongsuh petrochemical as a colorless, flammable toxic liquid, acrylonitrile is produced using propylene and ammonia as the main raw materials. Tongsuh petrochemicals acrylonitrile boasts excellent quality and stability, thanks to a high performance catalyst developed by japans asahi kasai.
  • Chemours announced that it has initiated a strategic review to evaluate the potential sale of its mining solutions business, which is part of the chemours chemical solutions division and one of the largest North American producer of solid sodium cyanide.
  • Hindustan Chemical Company has positioned itself at the frontier of technology in every area of its activities through strategic alliances and mutual partnership with global company manufacture of pesticides, dyes, pigments, bulk drugs and many organic syntheses, agrochemicals, nylon intermediates, gelling compounds, ore flotation and pharmaceutical intermediates.

Global Sodium Cyanide Market By Key Issues Addressed

Recent Development:

  • In October 2022, Excelsior Mining Announces Final Assay Results from the JCM Infill Drill Program. The leaching capacity of copper mineralization is defined as acid soluble copper (AsCu) plus sodium cyanide soluble copper (CNCu) divided by total copper (TCu). All samples on site in Arizona are manually split or prepared from sawn PQ or HQ core sections. Drill core samples are then sent to Skyline Assayers and Laboratories in Tucson, Arizona for total copper and trace copper analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of ongoing quality.
  • In March 2022, Draslovka Temporarily Suspends Production of Sodium Cyanide in Europe Draslovka Mining Solutions, a wholly owned subsidiary of Draslovka Holding, is a world leader in solid sodium cyanide (NaCN) production headquartered in the United States. Cyanides are carbon and nitrogen (CN)-containing substances that are abundant in nature. These CN based materials have a wide range of applications in mining, agriculture, automotive, electroplating and surface treatment, pharmaceutical intermediates, which are used in the manufacture of many products in our daily use.

Global Sodium Cyanide Market By Company Profile

  • Evonik Industries*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cyanco
  • American Elements
  • Australian Gold Reagents
  • Orica Limited
  • Hebei Chengxin co.
  • Tiande Chemical
  • Tongsuh Petrochemical
  • Chemours
  • Hindustan Chemical Company

 “*” marked represents similar segmentation in other categories in the respective section

Global Sodium Cyanide Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Sodium Cyanide Market, By Type
    • Overview
      • Market Value and Forecast (US$ Kn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Solid Sodium Cyanide
      • Overview
      • Market Size and Forecast (US$ Kn), and Y-o-Y Growth (%), 2020 – 2030
    • Liquid Sodium Cyanide
      • Overview
      • Market Size and Forecast (US$ Kn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Sodium Cyanide Market, By Application, 2020 – 2030, (US$ Kn)
    • Overview                                      
      • Market Value and Forecast (US$ Kn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Mining
      • Overview
      • Market Size and Forecast (US$ Kn), and Y-o-Y Growth (%), 2020 – 2030
    • Chemical Industry
      • Overview
      • Market Size and Forecast (US$ Kn), and Y-o-Y Growth (%), 2020 – 2030
    • Pharmaceutical Industry
      • Overview
      • Market Size and Forecast (US$ Kn), and Y-o-Y Growth (%), 2020 – 2030
    • Dyes &Pigments
      • Overview
      • Market Size and Forecast (US$ Kn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Sodium Cyanide Market, By Region, 2020 – 2030, (US$ Kn)
    • Overview
      • Market Value and Forecast (US$ Kn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Kn), By Typer, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Kn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Kn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Kn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Kn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Kn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
  • Evonik Industries
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cyanco
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • American Elements
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Australian Gold Reagents
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Orica Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hebei Chengxin co
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tiande Chemical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tongsuh Petrochemical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chemours
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hindustan Chemical Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Sodium Cyanide Market is segmented into basis of on type, application, and region.

Rising demand for precious metals, especially gold and silver, coupled with increased emphasis by miners on reducing production costs is the major driver of the sodium cyanide market.

Asia Pacific accounted for a remarkable share of 40.0% of the global sodium cyanide market in 2021. It is expected to remain a highly lucrative region during the forecast period due to rapid industrialization and increasing use of sodium cyanide in medicine, mining, chemical and dyes industry in the region.

Key players operating in the Sodium Cyanide Market includes Evonik Industries, Cyanco, American Elements, Australian Gold Reagents, Orica Limited, Hebei Chengxin co., Tiande Chemical, Tongsuh Petrochemical, Chemours, Hindustan Chemical Company.