News

Global Sodium Cyanide Market to be Driven by Growing Mining Activities in the Forecast Period of 2021-2026

Global Sodium Cyanide Market to be Driven by Growing Mining Activities in the Forecast Period of 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.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view report summary: https://www.expertmarketresearch.com/reports/sodium-cyanide-market/requestsample

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://www.expertmarketresearch.com/reports/sodium-cyanide-market

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.

Read More Reports:

Global Sapphire Glass Market: https://www.expertmarketresearch.com/reports/sapphire-glass-market

Global Smart Window Market: https://www.expertmarketresearch.com/reports/smart-window-market

Global Sanitary Napkin Market: https://www.expertmarketresearch.com/reports/sanitary-napkin-market

Global Smart Lighting Market: https://www.expertmarketresearch.com/reports/smart-lighting-market

Global Running Gear Market: https://www.expertmarketresearch.com/reports/running-gear-market

Global SCADA Market: https://www.expertmarketresearch.com/reports/scada-market

Global Salmon Market: https://www.expertmarketresearch.com/reports/salmon-market

India Paneer Market: https://www.expertmarketresearch.com/reports/india-paneer-market

Global Retort Pouches Market: https://www.expertmarketresearch.com/reports/retort-pouches-market

Global Refrigerated Transport Market: https://www.expertmarketresearch.com/reports/refrigerated-transport-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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.

We also provide state-of-the-art procurement intelligence through our platform,  https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person:-Ian Bell, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

**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.

Content [email protected] https://expertmarketresearch-emr.blogspot.com/2021/06/sodium-cyanide-market.html

About the author

Expert Market Research

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.