Published on : Nov 23, 2019
Sodium Cyanide is a chemical compound that was traditionally used in mining industry to recover gold. It is actively used in chemical industry for various applications that include insecticides and electroplating. Pharmaceutical industry uses it as precursor in various compounds.
Rise in demand in various industries including mining industry, pharmaceutical industry and dyes & paints industry along with incremented usage of sodium cyanide in polymer synthesis primarily drive the growth of global sodium cyanide market. International Cyanide management code for using, manufacturing and transporting the product encourages use of cyanide management applications. Sodium Cyanide stays ever green in gold ore processing as economically viable and sustainable ingredient.
Global sodium cyanide market was estimated to be ?US$2.2Bn in the year 2018. It sis expected to grow at ?4% CAGR during the forecast period 2019-2027. On the other hand, its revenue is expected to grow at moderate rate. Solid segment owned major market share in 2018 and will further continue its dominance.
An intelligence report titled, “Sodium Cyanide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Sodium Cyanide has adverse effects
Adverse effects of sodium cyanide have been a point of concern as its compounds hold threats for humans and wildlife. Its contamination in groundwater sources have the potential to cause environmental disasters that can last long.
Asia Pacific had the leading market share in 2018 owing to increase in demand of gold and silver products in the region. Countries such as China and India contribute significantly in market growth as they experience huge demand for chemicals that can be used in gold production. China, India and Australia lead with maximum sodium cyanide production.
Major players in global sodium cyanide market include Cyanco, Orica Limited, Australian Gold Reagents Pty Ltd., Evonik Industries AG, Taekwang industry Co, Sasol limited, Draslovka Holding B.V. and Asahi Kasei Corporation.
Global sodium cyanide market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global sodium cyanide market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global sodium cyanide market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on global sodium cyanide market.
An insightful and deep-dive assessment of the competitive assessment of the Global sodium cyanide market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global sodium cyanide market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global sodium cyanide market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global sodium cyanide market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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