SODIUM CYANIDE MARKET ANALYSIS

Regulations over the usage and production of sodium cyanide have considerably limited the growth potential of the sodium cyanide market. Many countries have stringent laws pertaining to the transportation, storage, handling, and application of sodium cyanide due to the highly toxic nature of the chemical. Sodium cyanide is a systemically toxic chemical that is capable of causing adverse health issues and even death on accidental exposure or ingestion. As a result, governments are promoting the adoption of alternative reagents and instituting stringent compliance measures across the sodium cyanide supply chain.

Opportunities: Development of innovative applications

The development of innovative applications is one of the great opportunities for growth in the sodium cyanide market. As sodium cyanide is an essential chemical used majorly in the gold mining industry, the development of novel applications can help unlock its potential beyond mining. Research institutes and companies are working on utilization of sodium cyanide for applications like carbon capture, industrial waste treatment, and chemical manufacturing. For example, recent studies by the UN environmental programme showed that sodium cyanide-based crystalline materials have high potential for efficient carbon dioxide capture from flue gases of coal power plants and other industrial emissions. Successfully commercializing such carbon capture technology using sodium cyanide can significantly boost its demand going forward.