SODIUM CYANIDE MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Sodium cyanide has proved to be highly useful compound with applications beyond the mining industry. It finds diverse uses in certain chemical industry processes that are witnessing the rising global demand. One such major use is in the production of adiponitrile which is precursor to nylon 6, 6 - a versatile synthetic fiber. Adiponitrile production requires hydrogen cyanide which is derived from sodium cyanide. The growing textiles industry and manufacturing sector will bolster the demand for nylon and drive the consumption of sodium cyanide.  It is also used as an intermediate in the production of other crucial chemicals like sodium ferrocyanide. Sodium ferrocyanide acts as stabilizer for plastics. With plastics being an integral part of numerous industrial and consumer products, its demand is ever increasing. This steady rise in downstream plastic and polymer industries indirectly supports the sodium cyanide market. Other niche chemical applications of sodium cyanide include its role in electroplating industry for plating of metals like copper, nickel, and chrome on various auto and industrial components. All these expanding industrial applications are fueling the sodium cyanide consumption at the global scale.