The sodium cyanide market is estimated to be valued at USD 2.77 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Sodium cyanide is an inorganic compound with the chemical formula NaCN. It is a white, water-soluble solid. Major end uses of sodium cyanide include extraction of gold and other precious metals, chemical intermediate, dye and pigment manufacturing, and fumigant. Commercially, sodium cyanide is produced as a white powder or crystalline beads. It is relatively economical and efficient agent for extracting gold from low-grade ore in the mining industry. The compound is also utilized as a fumigant for soil treatment, and in synthesis of specialized chemicals such as adiponitrile. Overall, the multifaceted applications of sodium cyanide across different sectors have contributed to the growth of its market over the past few decades. However, given its highly toxic nature, the handling and use of the compound require strict adherence to safety measures and regulations.

Market Dynamics:

The global sodium cyanide market is driven by factors such as rising gold production, burgeoning chemicals industry, and increasing pest management activities. As per estimates, the demand for gold grew at a CAGR of over 2% during 2018-2022, with the jewelry segment accounting for the majority of consumption. This, in turn, boosted the consumption of sodium cyanide in mining applications. Additionally, the rapid development of the specialty chemicals and agrochemicals industries augmented the product demand for manufacturing compounds including adiponitrile and fumigants respectively. However, health hazards associated with sodium cyanide coupled with stringent regulatory environment regarding its production and transportation pose challenges for smooth market expansion. Nevertheless, technological advancements to develop safer alternative extraction processes for gold mining as well as innovative application scopes in chemical synthesis present new opportunities for industry participants in the coming years.

 Key Features of the Study:

• This report provides an in-depth analysis of the global sodium cyanide market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global sodium cyanide market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Hindusthan Chemicals Company, Cyanco, Australian Gold Reagents Pty. Ltd., Asahi Kasei Corporation, Orica Limited, Evonik Industries AG, Changsha Hekang Chemical Co., Ltd., Draslovka Holdings B.V., Sasol Limited, The Chemours Company, Gujarat Alkalies and Chemical Limited, PJSC LUKOIL, Taekwang Industrial Co., Ltd., American Elements, Wesfarmers Limited, UPL, Loba Chemie, Nilkanth Organics, Taekwang Industrial, and CSBP.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global sodium cyanide market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium cyanide market.

Detailed Segmentation-

• By Product Type:
  • Solid Sodium Cyanide
  • Liquid Sodium Cyanide
• By End User:
  • Mining
  • Dyes and Pigments
  • Chemical Intermediates
  • Pharmaceuticals
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Hindusthan Chemicals Company
  • Cyanco
  • Australian Gold Reagents Pty. Ltd.
  • Asahi Kasei Corporation
  • Orica Limited
  • Evonik Industries AG
  • Changsha Hekang Chemical Co., Ltd.
  • Draslovka Holdings B.V.
  • Sasol Limited
  • The Chemours Company
  • Gujarat Alkalies and Chemical Limited
  • PJSC LUKOIL
  • Taekwang Industrial Co., Ltd.
  • American Elements
  • Wesfarmers Limited
  • UPL
  • Loba Chemie
  • Nilkanth Organics
  • Taekwang Industrial
  • CSBP