Overview of the global sodium cyanide market

Sodium cyanide is one of the most preferred chemical in the mining industry for the extraction and separation of various precious metals. With the growing preference among individuals towards investments, there is an increasing need for the extraction of metals like gold. This will in turn, increase the need for sodium cyanide in this industry. Moreover, the expansion of mining and new projects for the exploration and production of gold, such as the Rainy River project and the Blackwater project in Canada and the expansion of the Eastern Dragon mine in China, also contribute to the consumption of sodium cyanide from the mining industry. Technavio's sodium cyanide market forecast identifies this demand from the mining industry as one of the major factors that will have a positive impact on the sodium cyanide market size. Our market sodium cyanide market analysis predicts that this market will grow at a CAGR of more than 5% by 2021.

The rising preference for non-toxic natural dyes is one of the key trends that will gain traction in the sodium cyanide market during the next few years. Natural dyes are made from plants, minerals, or invertebrates. These dyes are biodegradable and are environment-friendly and can serve as a substitute to chemical dyes. To cater to the rising need from the environment-conscious customers, textile manufacturers are also focusing on the development of natural dyes. This need for natural dyes in the textile segment will subsequently fuel the need for sodium cyanide.

Competitive landscape and key vendors  

The market has the presence of a few regional and international players and they mainly compete on the basis of factors such as operation costs, price, economies of scale, product quality, and innovation. To gain a competitive edge over the other players, these vendors focus on offering a wide range of sodium cyanide with specialized and standard applications. To increase their market shares and improve their market positions, several sodium cyanide manufacturers are focusing on plant expansions, which will in turn, intensify the level of competition among the market players.

The leading vendors in the market are ?

• Asahi Kasei
• The Chemours Company
• Cyanco
• Orica
• Royal DSM
• SASOL

The other prominent vendors in the market are Anhui Shuguang Chemical, Australian Gold Reagents, Gujarat Alkalies and Chemical, HeBei ChengXin, Korund, LUKOIL, TAEKWANG INDUSTRIAL, TSPC, and UNIGEL UK.

Segmentation by application and analysis of the sodium cyanide market

• Mining
• Chemical
• Electroplating

During 2016, the mining segment accounted for the major shares of the sodium cyanide market. The increasing usage of sodium cyanide for the extraction and mining process of gold and silver will be a major factor contributing to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the sodium cyanide market

• Americas
• APAC
• Europe
• MEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the sodium cyanide market throughout the forecast period. China, Australia, and South Korea are the chief consumers of sodium cyanide and it is mainly used for the extraction of gold. Moreover, sodium cyanide is also increasingly being used in electroplating for automotive and electronic applications especially in countries such as India, China, Bangladesh, South Korea, Australia, and Malaysia.

Key questions answered in the report include

• What will the sodium cyanide market size and the growth rate be in 2021?
• What are the key factors driving the global sodium cyanide market?
• What are the key market trends impacting the growth of the global sodium cyanide market?
• What are the challenges to market growth?
• Who are the key vendors in the global sodium cyanide market?
• What are the market opportunities and threats faced by the vendors in the global sodium cyanide market?
• Trending factors influencing the market of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global sodium cyanide market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global sodium cyanide market offers intelligence into the significant trends and drivers stimulating the growth of the chemicals and materials industry. Our reports for the chemical and materials industry also follow a scrupulous data collection methodology and offer an extensive analysis of fast growing market segments like metals and minerals.  

By taking into account, the dynamically changing market scenario, exponentially rising demand for multiple products in the metals and minerals sector, the market research professionals at Technavio present an all-inclusive picture of the sodium cyanide market for the period of 2017 to 2021. Furthermore, our analysis focuses on helping the clients develop impactful marketing strategies to maximize revenue and keep pace with the highly volatile market dynamics. 

This forthcoming market research report on the sodium cyanide market also covers vendors like Cyanco, Chemours, Sasol, and Orica. As per our industry analysts, the rise in the demand for sodium cyanide in the chemical and pharma industry may impact the global market significantly over the next few years. Furthermore, to offer clients the scope to identify market opportunities and expand in niche markets, this report on the sodium cyanide market also covers geographies like the APAC, Europe, North America, and ROW.

The upcoming industry research report for sodium cyanide market also categorizes the drivers, trends, along with the restraints that the sector currently experiences. This upcoming report on the sodium cyanide market presents insights into the rapidly changing vendor scenario to give clients a detailed overview of the forthcoming events within the chemical and materials industry. Technavio also offers in-depth assessments into the sectors such as industrial gases and olefins.

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.