Sodium Cyanide Market

Sodium Cyanide Market Analysis and Forecast by Form, End-Use, Region, and Country, 2023-2033

Competition Landscape will Grow Dynamic in Sodium Cyanide Market as Leading Players Make Strategic Moves to Consolidate their Market Position

Category: Chemicals & Materials Published Date : Oct-23 ID: CVC01104 Format: PDF Pages: 300


The sodium cyanide market is experiencing noteworthy changes, driven by evolving industrial needs and technological advancements. Known for its critical role in various industrial applications, particularly in mining and chemical manufacturing, sodium cyanide is witnessing growing demand. The market is characterized by a focus on quality and safety, offering promising prospects for existing and new market participants.

Key Findings: Sodium Cyanide Industry Outlook and Trends

  • Market value in 2022 stood at $ 2094.3 Mn, with a projection to reach $ 2176 Mn in 2023.
  • The market is expected to grow to $ 3190.1 Mn by 2033, with a CAGR of 3.9%.
  • Chemicals emerge as the largest segment by application, accounting for 37.5% of the market.
  • East Asia dominates the regional landscape, contributing nearly 34% revenue share.

Drivers of Sodium Cyanide Market Growth

The primary driver for the industry development is its increasing use in mining and chemical manufacturing. As industries look for more efficient and safer chemical solutions, sodium cyanide is gaining prominence.

Key Growth Factors in the Sodium Cyanide Industry

Technological advancements are significantly influencing the market progression. Improved manufacturing processes and quality control measures are attracting industries, positively affecting market growth.

How Big is the Sodium Cyanide Market in 2023: Role of Regulations

Regulatory frameworks are crucial in shaping the industry landscape. Stricter safety and environmental regulations are compelling industries to opt for high-quality, compliant sodium cyanide solutions.

Key Challenge in the Sodium Cyanide Industry

The main challenge faced the global business is the environmental and safety concerns associated with its use. Proper handling and disposal are essential, making it a significant investment for industries.

Opportunities in the Sodium Cyanide Market Landscape

Emerging economies offer numerous opportunities, especially where mining and chemical manufacturing are expanding. The demand for efficient and safe sodium cyanide solutions is expected to rise, providing room for market growth.

Category-wise Insights

By Application, the Application Segment is Classified into Chemicals, Mining, and Others. Chemicals stand out as the largest segment in the industry, capturing 37.5% of the market share.

Region-wise Insights

Sodium Cyanide Market in East Asia

East Asia holds a significant position, contributing 34% to the overall market share. The region is characterized by a strong focus on industrial growth and technological advancements.

Sodium Cyanide Industry Insights in North America

North America is a key player in the sodium cyanide business scenario, with a focus on stringent safety regulations and technological innovation. The region has a mature market, driven by the demand from mining and chemical manufacturing sectors. Regulatory frameworks in the United States and Canada emphasize the need for high-quality, compliant sodium cyanide solutions, pushing companies to invest in R&D for safer and more efficient products.

Sodium Cyanide Market in Europe

Europe is another significant market for sodium cyanide, led by countries like Germany, the United Kingdom, and France. The European Union’s strict regulations on chemical safety and environmental sustainability are major drivers for the adoption of high-quality sodium cyanide. Companies in the region are aligning their products with the EU’s safety and environmental goals, finding applications in diverse industries such as mining, chemical manufacturing, and wastewater treatment.

Sodium Cyanide Industry in Asia Pacific Excluding Japan

The Asia Pacific region, excluding Japan, is an emerging market with rapid industrial growth. Countries like China and India are driving the demand for sodium cyanide, especially in the mining and chemical sectors. The focus is on high-quality, efficient, and safe chemical solutions that align with the sustainability goals of these developing economies. Local companies are collaborating with international players to meet growing industrial needs.

Sodium Cyanide Market in Japan

Japan stands out in the industry for sodium cyanide for its focus on quality and technological innovation. Japanese companies are at the forefront of developing safer and more efficient forms of sodium cyanide. The market is driven by high-tech industries, including electronics and advanced manufacturing, where the quality of chemicals used is a critical factor. Regulatory standards are stringent, pushing companies to invest in quality and safety.

Sodium Cyanide Industry in Latin America

Latin America is an emerging market with significant growth potential in the Sodium Cyanide sector. Countries like Brazil and Argentina are contributing to market growth, primarily driven by the mining industry. However, the market faces challenges such as economic instability and regulatory hurdles. Despite these challenges, there is a growing awareness of the need for high-quality and safe sodium cyanide solutions.

Sodium Cyanide Market in the Middle East & Africa

The Middle East & Africa region offers untapped potential in the Sodium Cyanide Market. Countries like Saudi Arabia and the UAE are focusing on industrial expansion, thereby driving the demand for sodium cyanide. Investments in sectors like oil and gas, mining, and chemical manufacturing are expected to fuel market growth. The focus is on high-quality, safe, and efficient chemical solutions to meet the industrial needs of this emerging market.

Key Strategies and Players in the Sodium Cyanide Business

The sodium cyanide market is characterized by a dynamic and competitive landscape, with key companies adopting a range of strategies to consolidate their market position. Among the notable strategies are strategic alliances, technical advancements, mergers and acquisitions, and robust R&D activities. These initiatives are spearheaded by industry leaders known for their innovative approaches and high-quality product offerings.

The market environment is conducive to growth and innovation, driven by a relentless pursuit of new opportunities and technological advancements. This vibrant atmosphere provides an ideal platform for companies to explore and capitalize on emerging trends and technologies. The sustained demand for precious metals, coupled with advancements in chemical synthesis techniques, further contributes to an optimistic market outlook.

Prominent Market Players

Key players in the sodium cyanide market include Cyanco, Australian Gold Reagents Pty. Ltd., Asahi Kasei Corporation, Orica Limited, Evonik Industries AG, Changsha Hekang Chemicals Co., Ltd., Draslovka Holdings B.V, Sasol Limited, The Chemours Company, Gujarat Alkalies and Chemical Limited, PJSC LUKOIL, Taekwang Industrial Co., Ltd., American Elements, and Wesfarmers Limited. These companies have been profiled in market reports based on various parameters such as company and financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments

Significant developments have been observed in the Sodium Cyanide Market, marking milestones in its growth trajectory:

In December 2021, Draslovka Holding B.V. finalized the acquisition of the Mining Solutions business from The Chemours Company at a total consideration of US$ 521.0 million. This acquisition is expected to strengthen Draslovka’s market position and expand its product offerings.

In March 2021, Cyanco entered a strategic partnership with Cycladex Ltd., a company specializing in a newly patented cyanide-free process for the recovery of gold and silver. The partnership includes a funded joint technology development program and a revenue-sharing agreement on collaborative projects, aiming to advance sustainable practices in precious metal extraction.


The sodium cyanide market is a dynamic and evolving sector with key players focusing on technological advancements and compliance with safety regulations. The market is set for steady growth, influenced by an increasing need for efficient and safe chemical solutions in various industrial applications.

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1.1. Global Market Outlook

1.2. Technology Roadmap

1.3. Supply and Demand Side Trends

1.4. Strategic Success Factors

1.5. Analysis and Recommendation

2.1. Market Taxonomy

2.2. Market Definitions

2.3. Inclusions & Limitations

3.1. Supply Side Overview

3.2. Demand Side Overview

4.1. Macroeconomic Factors

4.2. Forecast Factors

4.3. PEST Analysis

4.4. Porter’s Five Forces

4.5. Value Chain Analysis

4.6. Market Dynamics

4.6.1. Drivers

4.6.2. Restraints

4.6.3. Opportunities

4.7. Patent Analysis

4.8. Trade Analysis

4.9. Investment Feasibility Matrix

4.10. Challenges for New Entrants

4.11. Regulations Overview

4.12. Covid-19 Impact Assessment

4.12.1. Economy/Cluster Projections

4.12.2. Covid-19 Economic Assessment

4.12.3. Potential Impact on Target Market

4.12.4. Diethyl Oxalate Recovery Scenario

5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis

5.2. Demand Y-o-Y Growth Rate Analysis

5.3. Total $ Opportunity Analysis

5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis

6.1. Regional Pricing Analysis by Source

6.2. Regional Price Forecast

6.3. Profit Margin Analysis

6.4. Future Price Impact Factors

7.1. Introduction

7.2. Market Trends

7.3. Historical Market Analysis and Market Forecast Analysis

7.3.1. Solid

7.3.2. Liquid

7.4. Market Attractiveness Analysis

8.1. Introduction

8.2. Market Trends

8.3. Historical Market Analysis and Market Forecast Analysis

8.3.1. Mining

8.3.2. Chemical Intermediates

8.3.3. Pharmaceuticals

8.3.4. Dyes & Pigments

8.3.5. Others

8.4. Market Attractiveness Analysis

9.1. Introduction

9.2. Market Trends

9.3. Historical Market Analysis and Market Forecast Analysis

9.3.1. North America

9.3.2. Latin America

9.3.3. Western Europe

9.3.4. Eastern Europe

9.3.5. East Asia

9.3.6. South Asia Pacific

9.3.7. Middle East & Africa

9.4. Market Attractiveness Analysis by Region

10.1. Introduction

10.2. Key Market Trends

10.3. Pricing Analysis

10.4. Historical Market Analysis and Market Forecast Analysis

10.4.1. By Country The U.S. Canada

10.4.2. By Form

10.4.3. By End Use

10.5. Market Attractiveness Analysis

10.5.1. By Country

10.5.2. By Form

10.5.3. By End Use

10.6. Market Participants Presence Mapping

11.1. Introduction

11.2. Key Market Trends

11.3. Pricing Analysis

11.4. Historical Market Analysis and Market Forecast Analysis

11.4.1. By Country Brazil Mexico Rest of L.A.

11.4.2. By Form

11.4.3. By End Use

11.5. Market Attractiveness Analysis

11.5.1. By Country

11.5.2. By Form

11.5.3. By End Use

11.6. Market Participants Presence Mapping

12.1. Introduction

12.2. Key Market Trends

12.3. Pricing Analysis

12.4. Historical Market Analysis and Market Forecast Analysis

12.4.1. By Country Germany Italy France The UK Spain BENELUX Nordics Rest of Western Europe

12.5. By Form

12.6. By End Use

12.7. Market Attractiveness Analysis

12.7.1. By Country

12.7.2. By Form

12.7.3. By End Use

12.8. Market Participants Presence Mapping

13.1. Introduction

13.2. Key Market Trends

13.3. Pricing Analysis

13.4. Historical Market Analysis and Market Forecast Analysis

13.4.1. By Country Poland Russia Baltics Balkans Rest of Eastern Europe

13.4.2. By Form

13.4.3. By End Use

13.5. Market Attractiveness Analysis

13.5.1. By Country

13.5.2. By Form

13.5.3. By End Use

13.6. Market Participants Presence Mapping

14.1. Introduction

14.2. Key Market Trends

14.3. Pricing Analysis

14.4. Historical Market Analysis and Market Forecast Analysis

14.4.1. By Country China Japan South Korea

14.4.2. By Form

14.4.3. By End Use

14.5. Market Attractiveness Analysis

14.5.1. By Country

14.5.2. By Form

14.5.3. By End Use

14.6. Market Participants Presence Mapping

15.1. Introduction

15.2. Key Market Trends

15.3. Pricing Analysis

15.4. Historical Market Analysis and Market Forecast Analysis

15.4.1. By Country India ASEAN ANZ Rest of SAP

15.4.2. By Form

15.4.3. By End Use

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Form

15.5.3. By End Use

15.6. Market Participants Presence Mapping

16.1. Introduction

16.2. Key Market Trends

16.3. Pricing Analysis

16.4. Historical Market Analysis and Market Forecast Analysis

16.4.1. By Country GCC Countries Turkey South Africa Rest of MEA

16.4.2. By Form

16.4.3. By End Use

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Form

16.5.3. By End Use

16.6. Market Participants Presence Mapping

17.1. Market Concentration Analysis

17.2. Tier Structure Breakdown

17.3. Market Share Analysis

17.4. Production Capacity Analysis

17.5. Key Strategies Adopted by Top Players

17.6. Start-up Ecosystem

17.6.1. New Player Entry

17.6.2. Strategies Adopted by New Players

17.7. Company Footprint Analysis

17.8. Competitive Dashboard

18.1. Orica Limited

18.2. Sasol Limited

18.3. Evonik Industries A.G

18.4. Australia Gold Reagents (AGR) Pty. Ltd.

18.5. DuPont

18.6. Chemours

18.7. Tessenderlo Group

18.8. CyPlus GmbH

18.9. Cyanco

18.10. Asahi Kasei Corporation

18.11. Taekwang Industrial Co., Ltd.

18.12. Gujarat Alkalies and Chemicals Co., Ltd

18.13. Changsha Hekang Chemicals Co., Ltd


18.15. American Elements

18.16. Wesfarmers Limited