Sodium Cyanide Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Los Angeles, CA -- (SBWIRE) -- 02/02/2019 -- Sodium Cyanide is an inorganic compound with the formula NaCN. Sodium Cyanide, a white, water-soluble solid, is a kind of important basic chemical raw materials. Cyanide has a high affinity for metals, which leads to the high toxicity of this salt. Sodium Cyanide's main application is in gold mining, chemical intermediate. Also exploits its high reactivity toward other metals. When it is treated with acid, it forms the toxic gas hydrogen cyanide. Under the background of slower economy growth rate, companies face the higher risks of profit decline.
Currently, sodium cyanide market has a certain potential in China, Europe, USA and Australia. These areas demand are relatively stable. During these years, China's sodium cyanide industry maintains a rapid growth. In future, the sodium cyanide industry in the world will turn concentrated. The world sodium cyanide consuming market will still has a certain amount of growth. Global competition is likely to turn to the relationship of competition and cooperation. With the development of economy, Sodium Cyanide has huge market potential in the future.
Owing to the increasing of demand in sodium cyanide downstream products, the world sodium cyanide capacity will continue to expand. This industry is affected by the economy and policy, so it's important to put an eye to economic situation and region policy. With the global economic recovery, more and more companies pay attention to sodium cyanide industry, this will cause a certain pressure to the industry. NaOH and HCN are the main raw materials for the production of sodium cyanide. Large and medium-sized companies purchase materials from the large-sized raw materials manufacturers.
Some small-sized companies need to buy raw materials from distributors. With the development of sodium cyanide, the raw materials manufacturers are also benefited from the sodium cyanide industry in some extent. All manufactures in the world are committed to the improvement of product. At the same time, Chinese manufacturers are improving their technology. In future, some Chinese manufactures can catch up with the world's leading technology. In the world, the consumption areas of sodium cyanide are mainly China, USA, Europe, Australia and Africa.
China is the largest production country in the world, which occupied about 23.30% in 2016. The production areas of sodium cyanide are mainly China, Korea, USA, Europe, and the Australia. Moreover, Chemours?DuPont? is the largest manufacturer in the world, which production has reached 86.72K MT in 2017. The global production average growth has reached 6.53% in 2017. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area.
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In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate. In the globe, emerging economies countries support the mining industry and chemical industry, it will lead the increase of sodium cyanide demand. Therefore, we think entering China market will be a good choice. The global Sodium Cyanide market is valued at 1870 million US$ in 2018 is expected to reach 3070 million US$ by the end of 2025, growing at a CAGR of 6.4% during 2019-2025.
This report focuses on Sodium Cyanide volume and value at global level, regional level and company level. From a global perspective, this report represents overall Sodium Cyanide market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Segment by Regions
Segment by Type
Solid Sodium Cyanide
Liquid Sodium Cyanide
Segment by Application
Dye and Textile Industry
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