PUBLISHER: Value Market Research | PRODUCT CODE: 1547980
PUBLISHER: Value Market Research | PRODUCT CODE: 1547980
The global demand for Sodium Cyanide Market is presumed to reach the market size of nearly USD 5.24 Billion by 2032 from USD 3.07 Billion in 2023 with a CAGR of 6.14% under the study period 2024-2032.
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 research 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 an inclusive assessment of each segment in the global market of Sodium Cyanide. The growth and trends of Sodium Cyanide industry provide a holistic approach to this study.
This section of the Sodium Cyanide market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Sodium Cyanide market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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 Cyanco, Australian Gold Reagents Pty. Ltd., Asahi Kasei Corporation, Orica Limited, Evonik Industries AG, Changsha Hekang Chemical Co. Ltd., Draslovka Holdings B.V., Sasol Limited, The Chemours Company, Gujarat Alkalies And Chemical Limited, PJSC Lukoil, Taekwang Industrial Co. Ltd., American Elements, Wesfarmers Limited. This section consists of 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.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.