#Sodium Cyanide Market Outlook
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Sodium Nitrite Market Size To Reach $580.8Mn By 2030
Sodium Nitrite Market Growth & Trends
The global sodium nitrite market size is expected to reach USD 580.8 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 4.2% from 2023 to 2030. The demand is attributed to the increasing demand for preservatives in the food & beverage industry. Preservatives help increase food items' shelf-life by delaying the spread of pathogens and microorganisms. Thus, sodium nitrite is highly used to enhance the flavor of meat and maintain its original color (making it look more appealing and presentable to consumers), while preventing bacterial growth.
In the pharmaceutical sector, sodium nitrite is a well-known chemical molecule. Its most common application is as an antidote for cyanide poisoning, as it is quite effective even in severe cases. It is used in the production of saccharin and caffeine and is commonly utilized as a raw material and preservative in pharmaceutical formulations like eye drops. Since sodium nitrite contains nitrogen, the product can be utilized as a control agent in a variety of medicines. It is also utilized as a butadiene antifoaming agent and a raw material for aminopyrine and sulpyrine antipyretic analgesics. Thus, multiple applications of the product in the pharmaceutical industry indicate that the growth of this industry is expected to drive the demand for pharmaceutical-grade sodium nitrite in the coming years.
The growing consumer acceptance of processed food in countries like China, India, Japan, and others is likely to bolster the demand for the product in the Asia Pacific. China is the world's largest consumer of food and beverages. The processed meat market of China majorly includes beef, pork, poultry, mutton, and others, which require the use of sodium nitrite as a preservative, thus driving the demand for the product market.
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Sodium Nitrite Market Report Highlights
Food & beverages application accounted for the largest market revenue share of over 66% in 2022. The growth is attributed to the increasing demand for the product as a preservative in processed meat and other food items
The pharmaceuticals segment was the second-largest application and is predicted to attain a CAGR of 4.7% over the forecast period, owing to its ability to act as a raw material or control agent for the development of several medicines used for treating muscular dystrophy, neurotransmission imbalances, epilepsy, and others
Asia Pacific dominated the regional segment with a revenue share of over 71% in 2022 due to the growth of the meat processing and food & beverage industries in the region
The increase in population and rising per capita disposable income drive the food and beverage market. According to a China Chamber of Commerce article published in 2020, the beverage market which includes drinks, vegetable juices, and fruits generated revenue of USD 39,330 million, thus driving the demand for the product in the country
Europe accounted for the second largest market share of over 16% in 2022 due to the changing consumer preference toward processed food over cooked food in the region. In the European Union (EU), sodium nitrite is approved as a food additive and is used to prevent microbial growth in meat, cheese, and fish products as it helps to improve the flavor while protecting it against botulism
Sodium Nitrite Market Segmentation
Grand View Research has segmented the global sodium nitrite market based on application and region:
Sodium Nitrite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Food & Beverages
Pharmaceuticals
Others
Sodium Nitrite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Asia Pacific
China
India
Japan
Central & South America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
List of Key Players in the Sodium Nitrite Market
Deepak Nitrite Ltd.
Airedale Chemical Company Ltd.
BASF SE
Shijizhuang Fengshan Chemical Co., Ltd.
Ural Chem JSC
Linyi Liguang Chemical Co., Ltd.
Radiant Indus Chem Pvt. Ltd.
Yingfengyuan Industrial Group Limited
SABIC
Chemtrade Logistics
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#Sodium Nitrite Market#Sodium Nitrite Market Size#Sodium Nitrite Market Share#Sodium Nitrite Market Trends
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Sodium Cyanide Market Overview: Applications and Industry Outlook
Sodium cyanide is a highly toxic chemical compound with the chemical formula NaCN. It is a white, crystalline solid that is used extensively in various industrial processes, particularly in gold mining and chemical manufacturing. Sodium cyanide is a key component in the extraction of gold and silver from ores, making it a vital commodity in the mining industry.
The sodium cyanide market has witnessed significant growth over the years due to its crucial role in gold extraction. The market's growth can be attributed to the increasing demand for gold in various sectors, such as jewelry, electronics, and investments. Gold mining companies heavily rely on sodium cyanide as it helps dissolve and separate gold from other minerals, making it economically viable to extract precious metals from ore deposits.
In the broader market overview, sodium cyanide is an essential chemical in the global mining and metallurgy industries. Its usage is not limited to just gold extraction; it is also employed in silver mining and the production of various chemical compounds, such as nitriles and carboxylic acids. The market for sodium cyanide is closely linked to the performance of the mining sector and the global demand for precious metals.
Sodium cyanide market growth in the industry has been driven by factors such as rising gold prices, increasing mining activities, and the expansion of the jewelry and electronics sectors. The growing emphasis on sustainable and environmentally friendly mining practices has also led to the development of innovative cyanide detoxification and recycling technologies, which contribute to the market's evolution.
Trends in the sodium cyanide market reflect the industry's ongoing efforts to improve safety and environmental sustainability. There is a shift towards using more environmentally friendly alternatives to sodium cyanide in gold extraction processes, as well as stricter regulations governing its handling and disposal. Additionally, the market is witnessing a surge in demand for packaged and transportable forms of sodium cyanide to enhance safety during transportation and handling.
In conclusion, sodium cyanide plays a pivotal role in the mining and chemical industries, primarily for gold and silver extraction. Its market growth is closely tied to the demand for precious metals and is influenced by trends towards sustainability and safety. As industries continue to evolve, the sodium cyanide market is likely to adapt to meet the changing needs and environmental concerns of the modern world.
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Sodium Thiosulphate Market Outlook, Analysis, Report 2023-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global sodium thiosulphate market size at USD 104.75 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global sodium thiosulphate market size to grow at a significant CAGR of 6.1% reaching a value of USD 158.02 million by 2029. Major growth factors for global sodium thiosulphate market include increasing product demand in the healthcare and medical industries, growing healthcare and medical sector and advancements in these sectors. Similarly, the rising prevalence of chronic kidney failure illnesses, particularly calciphylaxis, is expected to drive demand for sodium thiosulphate. According to reputable estimates, calciphylaxis affects 1% to 4.5% of dialysis patients, with the majority of patients being diabetic, obese, or suffering from chronic liver disease. For the treatment of calciphylaxis, sodium thiosulphate serves as an antioxidant and calcium chelating agent. Also, developing mining operations in various regions, such as North America and Asia Pacific are paving the way for the sodium thiosulphate market in the coming years. According to Gold.org, global gold mining contributes around 2,500 to 3,000 tons of gold to the total above-ground supply of gold each year. Therefore, these factors are expected to boost the expansion of global sodium thiosulphate market during the period in analysis. However, increasing cost of the raw materials is anticipated to restrain the market growth.
Global Sodium Thiosulphate Market – Overview
Sodium thiosulphate is a colorless inorganic sodium salt that dissolves readily in water. It is made up of sodium and thiosulfate ions in a 2:1 ratio. It is used in the treatment of photographic paper and films. Prior to discharge into the environment, sodium thiosulphate liquid is employed to de-chlorinate ballast waters. The increasing use of sodium thiosulphate for heavy metal removal from industrial wastewater is estimated to drive the global sodium thiosulphate market size during the forecast period. Rising demand for sodium thiosulphate from the healthcare sector for the creation of antidotes used to treat cyanide poisoning contributes to market expansion. Sodium thiosulphate is widely used in gold extraction. This compound is also employed as a cyanide replacement lixiviant. In iodometry, sodium thiosulphate is employed as a measurement agent for oxygen in water for approximating substances such as hydrogen peroxide. This is expected to boost the sodium thiosulphate market overall throughout the forecast period. Consumers' growing worry about their health is expected to benefit the whole market during the next seven years. Another key end-use business is water treatment. It is used to reduce chlorine levels and to treat settled backwash water in swimming pools, spas, and aquarium.
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Global Sodium Thiosulphate Market – By Application
Based on application, global sodium thiosulphate market is divided into Medical, Photographic Processing, Iodometry, Gold Extraction, and Water Treatment segments. The water treatment segment held the highest market share. Sodium thiosulphate neutralizes chlorine, avoiding additional bactericidal effects on organisms in transit water. It also forms soluble complexes with heavy metals like lead, mercury, arsenic, and cadmium, making it easier to remove them from industrial waste effluents. Heavy metals are carcinogens, which can destroy the lungs, liver, kidneys, and other important organs. As a result, rising health concerns and demand for freshwater drive the sodium thiosulphate industry forward. According to the Organization for Economic Cooperation and Development (OECD), worldwide freshwater consumption is expected to rise by 55% between 2000 and 2050. It, in turn, is expected to boost the growth of the water treatment segment.
Competitive Landscape
Major players operating in global sodium thiosulphate market include Esseco SRL, Galactic, Allan Chemical Corporation, Samirian Chemicals Inc., Noah Chemicals, Dastech, INEOS, DBWINC, Southern Ionics Incorporated, Skyhawk Chemicals, Inc., Liyang Qingfeng Fine chemical Co. Ltd, Changsha weichuang chemical Co. Ltd, and Haimen Wuyang Chemical Industry Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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Sodium Cyanide Market Value Report Forecast 2022-2030
Sodium Cyanide (CAS 143-33-9) is a chemical compound that is used in a variety of industrial applications. It is a white, crystalline solid that is highly soluble in water. Sodium cyanide is used as a fumigant, herbicide, and insecticide. It is also used in the production of plastics, adhesives, and detergents. Sodium cyanide is toxic to humans and animals if ingested or inhaled.
Due to the COVID-19 pandemic, the global sodium cyanide market size is estimated to be worth US$ 2,376.9 million in 2022 and is forecast to a readjusted size of US$ 3,173.9 million by 2028 with a CAGR of 4.94% during the forecast period 2022-2028.
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The main drivers of growth for the Sodium Cyanide market are the increasing demand from the mining industry and the growing use of Sodium Cyanide in chemical manufacturing.
Fully considering the economic change by this health crisis, solid sodium cyanide accounting for 74.28% of the sodium cyanide global market in 2021, is projected to value US$ 2,474.1 million by 2028, growing at a revised 5.59% CAGR from 2022 to 2028. While mining industry segment consumption volume is altered to a 2.70 % CAGR throughout this forecast period.
Market Segmentation:
The global sodium cyanide market is segmented based on type, application, and geography.
The market for sodium cyanide is divided into two types: solid and liquid. Solid sodium cyanide is the most common type used in mining applications. It is a white, powdery substance that is highly toxic. Liquid sodium cyanide is less common, but it can be used in certain industrial applications.
The global sodium cyanide market is also segmented by application. The major applications of sodium cyanide are in mining and chemical manufacturing. In mining, it is used to extract gold and other precious metals from ore. In chemical manufacturing, it is used to make organic and inorganic chemicals.
Geographically, China sodium cyanide market size was US$ 768.5 million in 2021, while North America was US$ 431.3 million. The proportion of the China was 35.95% in 2021, while North America's percentage was 20.18%, and it is predicted that China market share will reach 38.33% in 2028, trailing a CAGR of 5.64 % through the analysis period. As for the Asia, the notable markets are Australia and South Korea, CAGR is 5.76% and 2.67% respectively for the next 6-year period.
Market Dynamics
Among end user, the mining industry segment is witnessing significant market share in the market. Increasing mining activities worldwide has led to high consumption of sodium cyanide for extraction of gold and other precious metals. For instance, according to Indian Minerals Yearbook 2021, the index of mineral production for all minerals in India (excluding atomic minerals stood at 132.2 points in 2016-17 registering an increase of 2.2% over that 2015-2016.
Asia Pacific accounted for a significant market share in 2021, owing to substantial demand for sodium cynide from gold and silver mining industry in the region. Accroding to the U.S. Geological Survey 2013, production of mined gold in Asia Pacific accounted for around 31% of the worldwide production in 2013. Moroever, China was the leading producer of mined gold in the region, followed by Australia, Indonesia, and Papua New Guinea.
By Company
The global major manufacturers of Sodium Cyanide include Cyanco, Chemours, Orica, Australian Gold Reagent, Hebei Chengxin, Anhui Shuguang Chemical Group, Tongsuh Petrochemical, Taekwang Industrial, and Tiande Chemical, etc. In terms of revenue, the global three largest players hold a 29.80% market share of Sodium Cyanide in 2021.
Cyanco
Chemours
Orica
Australian Gold Reagent
Hebei Chengxin
Anhui Shuguang Chemical Group
Tongsuh Petrochemical
Taekwang Industrial
Tiande Chemical
Lukoil
CyPlus (Evonik)
Korund Group
Yingkou Sanzheng
Jincheng Hongsheng Chemical
Changsha Hekang Chemical
Nippon Soda
Unigel
Sasol Polymers
Imperial Chemical Corporation
Union Group Chemical
Segment by Type
Liquid Sodium Cyanide
Solid Sodium Cyanide
Segment by Application
Mining Industry
Chemical Industry
Electroplating
Others
Production by Region
China
North America
Australia
South Korea
Europe
Consumption by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
Malaysia
Philippines
Myanmar
Rest of Asia Pacific
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
South America
Mexico
Brazil
Rest of South America
Middle East & Africa
Turkey
West Africa
South Africa
Rest of Middle East & Africa
Drivers and Restrains:
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Sodium Cyanide Solution Market Research Insights 2021, Size, Share, Trends, Competitive Landscape, and COVID-19 Impact Forecast till 2027
The recently Published Report titled Sodium Cyanide Solution Market Research Insights 2021, Size, Share, Trends, Competitive Landscape, and COVID-19 Impact Forecast till 2025 by Axel Reports offers a comprehensive picture of the market from the global view point as well as a descriptive analysis with detailed segmentation, complete research and development history, latest news, offering a forecast and statistic in terms of revenue during the forecast period from 2021-2027. The report covers a comprehensive analysis of key segments, recent trends, competitive landscape, and key factors playing a substantial role in the market are detailed in the report. The report helps vendors and manufacturers to understand the change in the market dynamics over the years.
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By Market Players: Cyanco Chemours Australian Gold Reagents Orica CyPlus GmbH(Evonik) Taekwang Industrial Tongsuh Petrochemical Anhui Shuguang Chemical Korund Yingkou Sanzheng Sasol Polymers Unique Chemical Tiande Chemical Lukoil Hebei Chengxin Sinopec DSM Nippon Soda Unigel By Type 30% Sodium Cyanide Solution > 30% Sodium Cyanide Solution By Application Mining Industry Chemical Industry Others
NOTE: Consumer behaviour has changed within all sectors of the society amid the COVID-19 pandemic. Industries on the other hand will have to restructure their strategies in order to adjust with the changing market requirements. This report offers you an analysis of the COVID-19 impact on the Sodium Cyanide Solution market and will help you in strategising your business as per the new industry norms.
Report offers: 1. Insights into the intact market structure, scope, profitability, and potential. 2. Precise assessment of market size, share, demand, and sales volume. 3. Authentic estimations for revenue generation and Sodium Cyanide Solution Market development. 4. Thorough study of Sodium Cyanide Solution Market companies including organizational and financial status. 5. Perception of crucial market segments including, forecast study. 6. Acumen of upcoming opportunities and potential threats and risks in the market.
The report diversifies the global geographical expanse of the market into five prominent regions as:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key Elements Discussed In The Report: The report then discusses important dynamics on the business drivers that have a major impact on the performance are given in the report. The business drivers are important to the business operations and financial results of the industry. All the drivers are determined in the research study using market analysis. The report is comprehensive coverage of the existing and potential markets along with their assessment of their competitive position in the changing market scenario. It scrutinizes in-depth global market trends and outlook coupled with the factors driving the global Sodium Cyanide Solution market, as well as those hindering it.
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Moreover, the report throws light on the pinpoint analysis of global Sodium Cyanide Solution market dynamics. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. Consumer behavior is assessed with respect to current and upcoming trends. The report takes a detailed note of the major industrial events in past years. These events include several operational business decisions, innovations, mergers, collaborations, major investments, etc.
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Global Sodium Cyanide Market - Set to Grow According to Forecast to 2022
Global Sodium Cyanide Market – Set to Grow According to Forecast to 2022
This report studies Sodium Cyanide in Global market, especially in North America, Europe, China, Australia and Korea, focuses on top manufacturers in global market, with production (K MT), price (USD/MT), revenue (M USD) and market share (%) for each manufacturer, covering Cyanco Chemours?DuPont? Australian Gold Reagents Orica CyPlus GmbH (Evonik) Taekwang Industrial Tongsuh Petrochemical Anhui…
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Sodium Cyanide Market 2022-2027 Business Analysis by Top Companies
Sodium Cyanide Market research report covers inclusive data on prevalent trends, drivers, growth opportunities, and restraints that can variation the market changing aspects of the global industry. This report provides an in-depth analysis of the market segmentation that contains products, applications, and geographical analysis. Global Sodium Cyanide market report delivers a close watch on leading participants with strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a complete overview of the industry conditions during the forecast period.
Report Coverage:
The research report of the defending coatings industry offers a inclusive analysis of existing companies that can affect the market outlook throughout the forthcoming years. In addition to that, it affords an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall: Sodium Cyanide market size from a global perception by analysing historical data and qualitative insights.
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Sodium Cyanide Market is envisaged to record an expansion at the CAGR of 3.9% over the forecast period, 2022 – 2027.
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Global Hydrogen Cyanide (HCN) Market Study 2014 - 2030
Analysis of the HYDROGEN CYANIDE (HCN) MARKET
A comprehensive market study on the HYDROGEN CYANIDE (HCN) MARKET Market provides an overview of the demand-supply and consumption patterns of Hydrogen Cyanide (HCN) Market across six different regions. This market study describes the Hydrogen Cyanide (HCN) Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Hydrogen Cyanide (HCN) Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.
Distinct market estimations and forecasts are presented in this comprehensive Hydrogen Cyanide (HCN) Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Hydrogen Cyanide (HCN) Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.
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The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Hydrogen Cyanide (HCN) Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.
Global Hydrogen Cyanide Demand Supply Analysis By Applications, (Volume, Value) (2014–2030)
Strategic Issues
Capacity Analysis – Plants and Projects (2014 – 2030)
Capacity
Production
Producing Companies
Capacity Additions and Investments
Location
Salient Statistics
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Demand Supply Analysis and Forecast (2014 – 2030)
Capacity
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Global Hydrogen Cyanide Market, By Application
Adiponitrile
Sodium & Potassium Cyanide
Acetone Cyanohydrins
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Global Inorganic Chemicals Market - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players
Inorganic chemicals are a combination of two or more elements other than carbon. Carbon monoxide, carbon dioxide, carbides, carbonates, and cyanides are exceptions, as these are inorganic chemicals despite having carbon. Rising demand for inorganic chemicals in the fertilizers industry is expected to be one of the prime factors driving market growth.
Inorganic Chemicals Market Taxonomy
On the basis of product type, the global market is classified into:
Ammonia
Chlor alkali
Ammonium nitrate
Ammonium sulfate
Inorganic acid
Sodium hydroxide
Hydrogen peroxide
Oxygen
Nitrogen
Inorganic Chemicals Market Outlook – Surge in Demand for Ammonia for Agricultural Application Augmenting Market Growth
Asia Pacific is expected to be one of the most lucrative markets of manufacturers of inorganic chemicals, due to strengthening of the economy and strong agricultural base in China, India, and South East Asian countries.
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Inorganic Chemicals Market – Regulatory Scenario:
February 24, 2004, U.S. Department of State enforce the Rotterdam Convention as an international treaty designed to facilitate informed decision-making by countries with regard to trade in hazardous chemicals.
January 01, 2006, The State Environment Protection Administration and the General Administration of Custom of China, In order to strictly prevent illegal export of toxic chemicals and earnestly improve the implementation of the Rotterdam Convention on the Prior Informed Consent Procedure for Certain Hazardous Chemicals Pesticides in International Trade and the Stockholm Convention on Persistent Organic Pollutants.
Key players : Akzo Nobel, BASF SE, Bayer, The Dow Chemicals Company, DuPont, Evonik Industries, Formosa Plastics, Ineos, LG Chem, LyondellBasell Industries, Mitsubishi Chemicals, Sabic, The Royal Dutch Shell, Sinopec, Sumitomo Chemicals. Strategic mergers and acquisitions
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Sodium Amide Market Growth, Trends, Size, Demand, Key Player profile, Regional Outlook and Comprehensive Research Analysis by 2030
Sodium Amide Market Growth, Trends, Size, Demand, Key Player profile, Regional Outlook and Comprehensive Research Analysis by 2030
Sodium amide is an aggressively reactive inorganic compound. It is used primarily in the dye preparation, organic synthesis and in deprotonating of alkynes, weak acids, esters, and ketones. It is also used as a catalyst in synthesis of hydrazine and sodium cyanide. Hydrazine is used as a part of rocket fuel in space exploration, gun propellants and as a precursor to most of the pharmaceuticals,…
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Sodium Cyanide Market By : Complete Analysis Of Key Players, Growth Rate, Opportunities, Challenges
Global Sodium Cyanide Market: Introduction
Sodium Cyanide is used as a reagent in the mining industry for the extraction of minerals, primarily gold and silver. It is mostly used as a flotation reagent in the mining industry. The processing of gold and silver accounts for almost two-thirds of sodium cyanide application. 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 and store. Apart from its use in the mining industry, sodium cyanide is used as an intermediate in the manufacture of vitamins, jewelry, adhesives, computer electronics, fire retardants, airplane brakes, cosmetics, dyes, nylon, nail polish remover, paints, pharmaceuticals, Plexiglas, rocket propellant and table salt. The overall sodium cyanide market is estimated to grow at a moderate CAGR over the forecast period.
Global Sodium Cyanide Market: Dynamics
Drivers:
There has been an increase in the demand for flotation reagents, such as sodium cyanide, due to the decreasing quality of gold and silver ores. Sodium cyanide, being economic, is widely used in the extraction of gold. Further, there have been continuous fluctuations in gold prices over the past few years. As a result, manufacturers are focusing on the extraction of gold from deeper mines that have been winding down. Consequently, there has been a surge in the demand for sodium cyanide.
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There has also been a rise in local and foreign investments in regions, such as Latin America, which is driving the demand for reagents, such as sodium cyanide for gold and silver extraction.
Restraints:
There are numerous regulations pertaining to the use of sodium cyanide. Agencies, such as International Cyanide Management Code has defined a particular limit on the use of sodium cyanide. An excess amount of sodium cyanide is harmful for human consumption and as a result, there has been an increase in focus on using safer alternatives.
Trends:
A recent trend is the increase in the usage of alternatives, such as thiosulphates, which are safer as compared to sodium cyanide
Global Sodium Cyanide Market: Segmentation
The global market for sodium cyanide can be segmented on the basis of form and application.
On the basis of form, the global sodium cyanide market can be segmented as:
Solid sodium cyanide
Liquid sodium cyanide
On the basis of application, the global sodium cyanide market can be segmented as:
Mining
Chemical industry
Pharmaceutical industry
Dyes and pigments
Others
Global Sodium Cyanide Market: Regional Outlook
The global sodium cyanide market is dominated by Asia Pacific. More than half the demand for sodium cyanide hails from this region. Globally, China is the leading producer of Sodium. Along with China, Australia also has a considerable number of sodium cyanide manufacturers and the region has shown growth in the mining reagents market. Latin America also holds a significant share in the global sodium cyanide market. Countries, such as Chile, Peru, and Columbia have exhibited an increase in the demand for mining reagents. There are not many manufacturers for sodium cyanide in Europe; however, in the coming years, the region is slated to witness growth as compared to the present number. Thus, decreasing its dependency of imports from Asia Pacific, mainly China and South Korea. Middle East and Africa, especially South Africa have also contributed notably in the global sodium cyanide market. North America is projected to exhibit moderate growth over the outlook period. Additionally, Japan has also shown no significant demand for sodium cyanide, due to the relatively low number of gold mines in the region. Hence, the region is estimated to show stagnant growth over the forecast period.
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Global Sodium Cyanide Market: Market Participants
Examples of some of the market participants identified across the value chain of the global sodium cyanide market are:
Global Players:
Orica Limited, Cyanco, Coogee Chemicals, Australian Gold Reagents Pty Ltd, Cyplus GmbH (Evonik Subsidiary), Union Group Chemical Company S.l, Azoti and American Elements.
China-Based Players:
Changsha Hekang Chemical Co. Ltd,
NanChang Basf Chemical Co. Ltd
Imperial Chemical Corporation.
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Sodium Amide Market Share | Regional Outlook, Size, Growth, Trends, Demand, Industry Analysis, and Key Player profile by 2027
Sodium amide is an aggressively reactive inorganic compound. It is used primarily in the dye preparation, organic synthesis and in deprotonating of alkynes, weak acids, esters, and ketones. It is also used as a catalyst in synthesis of hydrazine and sodium cyanide. Hydrazine is used as a part of rocket fuel in space exploration, gun propellants and as a precursor to most of the pharmaceuticals, pesticides, and insecticides. Sodium amide is majorly used for the production of indigo dye, which is used in textile coloring. The global textile and apparel market size is likely to reach USD 2.6 trillion by 2025. However, the handling difficulty, extreme reactivity, and environmental hazards are likely to restrain the market growth over the review period.
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Market Segmentation:
The global sodium amide market is segmented on the basis of applications, end use industry, and region. On the basis of the applications, the market is divided into catalyst, dyes, deprotonating agent, dehydrating agent, and others. The sodium amide is used as a catalyst in synthesis of sodium cyanide and hydrazine. They are further used in the gold extraction and rocket fuel respectively. The synthetically produced indigo dye from sodium amide is the purest form of indigotin with less impurities than the natural indigo, which is driving the market growth to some extent.
Based on the end-use industry, the sodium amide market is segmented into the textile industry, pharmaceuticals, agrochemicals, and others. The textile industry is dominating the market due to rapidly growing demand, limited product range, and subject to rapid obsolescence. Apart from the textiles industry, sodium amide is used as an initiator in most of the pharmaceuticals production. It is one of the prominent ingredients in pesticides and insecticides. The change in agricultural land use pattern demands fertilizer usage for increased productivity and better crop yield, which gives rise to the sodium amide market.
Regional Analysis
The global sodium amide market is geographically segregated into five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the fastest growing economy that utilizes a significant amount of sodium amide for preparation of indigo dyes in the textiles. Countries such as China, India, and Japan are the major contributors to this industry owing to the steadier prices and less volatility of the manmade fibers. However, the changing trends need constant adaption of the new technologies. Furthermore, the use of sodium amide for hydrazine production is also boosting the growth of the Asia Pacific market due to significant production of hydrazine. Countries like Canada, South Korea, Ukraine, and Moldova are also some of the important regions having a huge textile industries. North America and Europe consume a considerable amount of sodium amide for coloring of jeans and denims.
Countries such as China and India propel the growth of the sodium amide market by using fertilizers to meet the needs of the constantly growing population.
The U.S. has the largest pharmaceutical market across the globe followed by Japan and China, which is increasing the global market share of sodium amide.
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Competitive Analysis
The key players in the sodium amide market are BASF SE (Germany), Chemos GmbH (Germany), Synbtharo Fine Chemicals GmbH (Germany), Hangzhou Dayangchem (China), Kinbester (China), KHBoddin GmbH (Germany), Natrizen Chemical Pvt Ltd (India), Nansense Labs Ltd (India), Jinxiang Chemical Factory (China) and Hongze Xinxing Chem Co. Ltd (China) among others.
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Sodium Cyanide Market Trend Report Forecast 2022-2030
Sodium Cyanide (CAS 143-33-9) is a chemical compound that is used in a variety of industrial applications. It is a white, crystalline solid that is highly soluble in water. Sodium cyanide is used as a fumigant, herbicide, and insecticide. It is also used in the production of plastics, adhesives, and detergents. Sodium cyanide is toxic to humans and animals if ingested or inhaled.
Due to the COVID-19 pandemic, the global sodium cyanide market size is estimated to be worth US$ 2,376.9 million in 2022 and is forecast to a readjusted size of US$ 3,173.9 million by 2028 with a CAGR of 4.94% during the forecast period 2022-2028.
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The main drivers of growth for the Sodium Cyanide market are the increasing demand from the mining industry and the growing use of Sodium Cyanide in chemical manufacturing.
Fully considering the economic change by this health crisis, solid sodium cyanide accounting for 74.28% of the sodium cyanide global market in 2021, is projected to value US$ 2,474.1 million by 2028, growing at a revised 5.59% CAGR from 2022 to 2028. While mining industry segment consumption volume is altered to a 2.70 % CAGR throughout this forecast period.
Market Segmentation:
The global sodium cyanide market is segmented based on type, application, and geography.
The market for sodium cyanide is divided into two types: solid and liquid. Solid sodium cyanide is the most common type used in mining applications. It is a white, powdery substance that is highly toxic. Liquid sodium cyanide is less common, but it can be used in certain industrial applications.
The global sodium cyanide market is also segmented by application. The major applications of sodium cyanide are in mining and chemical manufacturing. In mining, it is used to extract gold and other precious metals from ore. In chemical manufacturing, it is used to make organic and inorganic chemicals.
Geographically, China sodium cyanide market size was US$ 768.5 million in 2021, while North America was US$ 431.3 million. The proportion of the China was 35.95% in 2021, while North America's percentage was 20.18%, and it is predicted that China market share will reach 38.33% in 2028, trailing a CAGR of 5.64 % through the analysis period. As for the Asia, the notable markets are Australia and South Korea, CAGR is 5.76% and 2.67% respectively for the next 6-year period.
Market Dynamics
Among end user, the mining industry segment is witnessing significant market share in the market. Increasing mining activities worldwide has led to high consumption of sodium cyanide for extraction of gold and other precious metals. For instance, according to Indian Minerals Yearbook 2021, the index of mineral production for all minerals in India (excluding atomic minerals stood at 132.2 points in 2016-17 registering an increase of 2.2% over that 2015-2016.
Asia Pacific accounted for a significant market share in 2021, owing to substantial demand for sodium cynide from gold and silver mining industry in the region. Accroding to the U.S. Geological Survey 2013, production of mined gold in Asia Pacific accounted for around 31% of the worldwide production in 2013. Moroever, China was the leading producer of mined gold in the region, followed by Australia, Indonesia, and Papua New Guinea.
By Company
The global major manufacturers of Sodium Cyanide include Cyanco, Chemours, Orica, Australian Gold Reagent, Hebei Chengxin, Anhui Shuguang Chemical Group, Tongsuh Petrochemical, Taekwang Industrial, and Tiande Chemical, etc. In terms of revenue, the global three largest players hold a 29.80% market share of Sodium Cyanide in 2021.
Cyanco
Chemours
Orica
Australian Gold Reagent
Hebei Chengxin
Anhui Shuguang Chemical Group
Tongsuh Petrochemical
Taekwang Industrial
Tiande Chemical
Lukoil
CyPlus (Evonik)
Korund Group
Yingkou Sanzheng
Jincheng Hongsheng Chemical
Changsha Hekang Chemical
Nippon Soda
Unigel
Sasol Polymers
Imperial Chemical Corporation
Union Group Chemical
Segment by Type
Liquid Sodium Cyanide
Solid Sodium Cyanide
Segment by Application
Mining Industry
Chemical Industry
Electroplating
Others
Production by Region
China
North America
Australia
South Korea
Europe
Consumption by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
Malaysia
Philippines
Myanmar
Rest of Asia Pacific
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
South America
Mexico
Brazil
Rest of South America
Middle East & Africa
Turkey
West Africa
South Africa
Rest of Middle East & Africa
Drivers and Restrains:
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Sodium Cyanide Market 2021 Investigation Reveals Enhanced Growth, Industry Developments, Outlook, Current Trends By 2028
Sodium Cyanide Market 2021 Investigation Reveals Enhanced Growth, Industry Developments, Outlook, Current Trends By 2028
Global competitive benchmarking of Sodium Cyanide Market with historical, present, and forecast analysis from 2015-2026 is presented in this report. The Sodium Cyanide top company’s revenue shares, latest trends, and dynamics are studied in-depth in this research report. Also, the growth opportunities at the regional level including North America, European countries, South America, Middle Eastern…
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Sodium Cyanide Market 2022-2027 Business Analysis by Top Companies
Sodium Cyanide Market research report covers inclusive data on prevalent trends, drivers, growth opportunities, and restraints that can variation the market changing aspects of the global industry. This report provides an in-depth analysis of the market segmentation that contains products, applications, and geographical analysis. Global Sodium Cyanide market report delivers a close watch on leading participants with strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a complete overview of the industry conditions during the forecast period.
Report Coverage:
The research report of the defending coatings industry offers an inclusive analysis of existing companies that can affect the market outlook throughout the forthcoming years. In addition to that, it affords an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall: Sodium Cyanide market size from a global perception by analysing historical data and qualitative insights.
Sodium Cyanide Market is envisaged to record an expansion at the CAGR of 3.9% over the forecast period, 2022 – 2027.
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Major Players Operating in the: Sodium Cyanide Market:
Cyanco, Chemours, Australian Gold Reagents, Orica, CyPlus GmbH(Evonik), Taekwang Industrial, Tongsuh Petrochemical, Anhui Shuguang Chemical, Korund, Yingkou Sanzheng, Sasol Polymers, Unique Chemical, Tiande Chemical, Lukoil, Hebei Chengxin, Sinopec, DSM, and others.
Sodium Cyanide Market Analysis:
The Sodium Cyanide market research report provides an in-depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. The segmentation chapters enable readers to understand aspects of the market such as its products, market size, manufacturer details, share, available technology, and applications. The research report also provides detailed information on new trends that may define the development of these segments in the coming years.
On the basis of types, the: Sodium Cyanide market is primarily split into
Solid Sodium Cyanide
Liquid Sodium Cyanide
On the basis of applications, the: Sodium Cyanide market covers:
Mining Industry
Chemical Industry
Dye and Textile Industry
Pharmaceutical
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in Sodium Cyanide market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in Sodium Cyanide market.
Considering the Geographical Landscape of Sodium Cyanide market:
Sodium Cyanide Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities.
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
Research Methodology:
This report offers actionable growth insights and an extensive report comprising secondary research, primary interviews with industry stakeholders, competitors, validation, and triangulation with the Worldwide Market Reports regional database. Experts have detailed primary records with the market players across the value chain in all regions and industry experts to obtain qualitative and quantitative insights.
Key Benefits for: Sodium Cyanide Market Reports:
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✦ Who are the global key manufacturers of Sodium Cyanide industry? What is their operating situation?
✦ What are Sodium Cyanide market opportunities and threats faced by the vendors in the global Sodium Cyanide Industry?
✦ Which application/end-user or product type may seek incremental growth prospects?
✦ What focused approach and constraints are holding the market?
✦ What are the different sales, marketing, and distribution channels in the global industry?
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Hydrogen Cyanide (HCN) Market Key Players, End User, Demand and Consumption By 2030
Analysis of the Hydrogen Cyanide (HCN) Market
A new comprehensive market study on HYDROGEN CYANIDE (HCN) MARKET provides a detailed overview of the demand and consumption patterns of Hydrogen Cyanide (HCN) Market. This market study describes the global market of Hydrogen Cyanide (HCN) Market, with focus on major countries and their subsequent demand across different market segments, technologies, and end-use industries of Hydrogen Cyanide (HCN) Market. In-depth market analysis on Hydrogen Cyanide (HCN) Market in terms of volume and value for each segment across key countries spread across six regions has been provided in the report.
The study offers market commentary revolving around a number of factors including, but not limited to Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, end-use Industry / Applications Markets, Reasoning & Analysis, Insightful Commentary, Comparative Analysis, Latest Trends and market developments, Strategic Issues and Recommendations and Business Opportunity Assessment.
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demand data is continually updated for petrochemicals. The statistics regarding demand for major countries are mainly obtained from government sources like Ministry of commerce, Statistics and Economics Department, Foreign Trade Departments, and other trade associations for all products where data is available. For smaller countries, Prismane Consulting estimates based on the opinions, industry-based estimates, and suggestions. Both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast.
Determining the impacts of the global COVID-19 pandemic remains a key question across different industry verticals. Global chemicals markets have witnessed high growths since bouncing back from the economic crises in 2008-2009. However, the global pandemic has now altered the global industry landscape and has had a negative impact on the global markets. Considering the above pointers, a separate section focusing on conservative, optimistic and pessimistic scenarios has been covered as a part of study.
Prismane Consulting Study Key pointers
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Market / Product Outlook (Historical, Short, Mid and Long-term forecast)
Strategic Analysis and High-level information on Market Entry, Best Strategies adopted, Business Opportunities & Challenges
Target Markets
Segmentation
Global Hydrogen Cyanide Demand Supply Analysis By Applications, (Volume, Value) (2014–2030)
Strategic Issues
Capacity Analysis – Plants and Projects (2014 – 2030)
Capacity
Production
Producing Companies
Capacity Additions and Investments
Location
Salient Statistics
Technology / Process
Demand Supply Analysis and Forecast (2014 – 2030)
Capacity
Production
Operating Rate
Import
Export
Net Trade
Demand
Demand Growth Rate (%)
Driving Force Analysis
Global Hydrogen Cyanide Market, By Application
Adiponitrile
Sodium & Potassium Cyanide
Acetone Cyanohydrins
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Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2014 – 2030)
Strategic Issues
Capacity Analysis – Plants & Projects
Demand-Supply Analysis and Forecast (2014 – 2030)
Capacity
Production
Operating Rate
Import
Export
Net Trade
Demand
Demand Growth Rate (%)
Hydrogen Cyanide Market, By Application
Hydrogen Cyanide (HCN) Market, Regional Analysis
North America
Central & South America
Western Europe
Central & Eastern Europe
Asia-Pacific
Middle East & Africa
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