Global Sodium Cyanide Market Overview:
Sodium Cyanide is a white, water-soluble solid. It is used as a reagent in the mining industry for the extraction of minerals such as gold, silver, among others. Sodium cyanide is majorly used as a flotation reagent in the mining industry. In some regions, where there is a shortage of hydrogen cyanide, sodium cyanide can be used as an intermediate as it is easier to transport as well as store. Apart from its use in the mining industry, sodium cyanide is used as an intermediate in the manufacture of vitamins, jewelry, fire retardants, adhesives, computer electronics, airplane brakes, cosmetics, nail polish remover, dyes, nylon, paints, pharmaceuticals, Plexiglas, rocket propellant and table salt.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increase In The Usage Of Alternatives, Such As Thiosulphates
Market Growth Drivers:
Increasing Mining Activities Worldwide and Increase In The Demand For Flotation Reagents
Restraints:
Stringent Government Regulations and Impact of Sodium Cyanide on Human Health
Opportunities:
Emerging Demand Form Economies
Competitive Landscape:
Some of the key players profiled in the report are American Elements (United States), Asahi Kasei Corporation (Japan), Australian Gold Reagents Pty Ltd (Australia), Changsha Hekang Chemical Co. Ltd (China), Chemelot (Netherlands), Cyanco Corporation (United States), Draslovka Holding BV (Netherlands), Evonik Industries AG (Germany), Gujarat Alkalies and Chemicals Ltd (India) and Imperial Chemical Corporation (Taiwan). Additionally, following companies can also be profiled that are part of our coverage like Orica Limited (Australia), Sasol (South Africa), The Chemours Company (United States), Uma Chemicals (India) and Unigel Group (Brazil). Analyst at AMA Research see United States, Netherlands Vendors to retain maximum share of Global Sodium Cyanide market by 2028. Considering Market by By Purity, the sub-segment i.e. Purity 95% will boost the Sodium Cyanide market.
Latest Market Insights:
On 7 Feb 2018, Cerberus Capital has acquired sodium cyanide producer Cyanco. Cyanco is the largest global producer of sodium cyanide, an input in the gold and silver mining industry. The company has manufacturing facilities in Nevada and Texas and delivery terminals in Wyoming, Quebec, and Mexico. The acquisition will strengthen the production as well as the technology of sodium cyanide in global markets.
On 24 Jan. 2019, The Chemours Company, a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, has announced a global price increase on all sodium cyanide products from the company's Mining Solutions business. Effective February 1, 2019, or as contracts or law allow, a price increase of 20 percent will apply for all sodium cyanide package offerings, although some price adjustments may vary based on specific circumstances. and On 26 Oct 2018, The International Cyanide Management Institute (ICMI) has announced that Asahi Kasei Corporation’s Mizushima Works sodium cyanide production facility in Okayama Prefecture, Japan has been certified in full compliance with the International Cyanide Management Code.
What Can be Explored with the Sodium Cyanide Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sodium Cyanide Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sodium Cyanide
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sodium Cyanide market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sodium Cyanide market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sodium Cyanide Manufacturers, Sodium Cyanide Traders/Distributors, Sodium Cyanide Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.