Gurgaon Samachar

Global Sodium Cyanide Market Report and Forecast 2021-2026

The new report by Expert Market Research titled, ‘Global Sodium Cyanide Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global sodium cyanide market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view report summary: https://bityl.co/CUYJ

The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): 855.7 thousand metric tons
• Forecast CAGR (2021-2026): 4.1%
• Forecast Market Size (2026): 1089 thousand metric tons

In terms of demand, the Asia Pacific region, which is the net exporter of sodium cyanide, is expected to see rapid development. The rapid expansion of mining operations in the area, combined with the expanding electroplating industry, is propelling the sodium cyanide demand even higher. The region’s supply and demand are also very high. The Asia Pacific region is the leading supplier of sodium cyanide, responsible for almost half of global production. The supply of feedstock and high-capacity installations are driving the sodium cyanide demand in the area. In comparison to North America and Europe, Asia Pacific is the main exporter of sodium cyanide due to excess demand and low labour costs in the manufacturing of sodium cyanide. Domestic demand for sodium cyanide is strong in China, a major market in the Asia Pacific region. It is also a significant exporter, with markets in Latin America, Africa, and India.

Read Full Report Online: https://bityl.co/CUYH

Industry Definition and Major Segments

The inorganic compound sodium cyanide has the chemical formula NaCN. It is a clear, white solid that dissolves in water. Since cyanide has a stronger affinity for metals, it has a high toxicity. The product’s main use is in gold mining, which takes advantage of the product’s high metal reactivity. It is a highly toxic drug that inhibits a variety of metabolic processes, and it is often used as a chemoreceptor test reagent.

It is also used in a variety of industrial applications like:

• Mining (Extraction)
• Electroplating
• Others

The regional markets for the product include:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa

Market Trends

The growing mining activities, especially in the Asia Pacific region, are driving the global sodium cyanide market. The rising demand for precious metals like gold is prompting both national and foreign mining companies to expand their operations in the area. The simple availability of hydrogen cyanide as a feedstock is assisting demand development in the field. The demand for precious metals is assisting the growth of precious metals mining industries, especially in regions where the demand for sodium cyanide is increasing, such as Africa and Oceania. Thanks to favourable policy shifts, the mining sector is also seeing healthy growth in the United States, which is propelling the sodium cyanide industry ahead.

Key Market Players

The major players in the market are Anhui Shuguang Chemical Group, Cyanco Corporation, Chemours Company, Orica Limited, TAEKWANG Industrial Co., ltd., CyPlus GmbH, Tongsuh Petrochemical Corp., Ltd, Sasol Lomited, Australian Gold Reagents Pty Ltd, and Unique Chemical Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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