Sodium Cyanide Market Size - By Form, By End Use Industry, By Distribution Channel and Forecast, 2025 - 2034

Sodium Cyanide Market Size

The global sodium cyanide market was valued at USD 2.8 billion in 2024 and is estimated to grow at a CAGR of over 5.5% from 2025 to 2034.
 

The global sodium cyanide industry has undergone substantial transformations, primarily driven by its pivotal roles in gold and silver mining, chemical synthesis, and various industrial processes. Gold mining stands out as the leading sector, consuming the lion's share of sodium cyanide, which is vital for extracting these precious metals. As demand for gold and silver surges in jewelry, electronics, and investments, the market has seen consistent growth over the past decade. This growth trajectory has been further fueled by heightened investments in mining projects across emerging economies, notably in China, India, Brazil, and several African nations.
 

According to the U.S. Geological Survey, global gold production reached approximately 3,200 metric tons in 2023, with China, Australia, and Russia being the top producers. The World Bank reports that the global demand for gold in electronics increased by 5% annually over the past five years, driven by advancements in technology and consumer electronics.
 

Sodium Cyanide Market Trends

A heightened focus on sustainable production and stringent regulatory compliance. In nations like the U.S., Canada, and certain European regions, stringent environmental regulations are tightening controls on sodium cyanide's use and disposal, given its toxic nature. In response, manufacturers are not only adopting advanced safety measures but are also channeling investments into developing eco-friendly alternatives, such as thiosulfates. Furthermore, there's a pronounced industry shift towards recycling cyanide solutions in mining, a move that curtails environmental impact and trims operational costs.
 

Sodium cyanide Market Analysis

The global sodium cyanide industry has transitioned from a regionally concentrated landscape to a more globally distributed one. The Asia-Pacific region, spearheaded by China and Australia, has solidified its position as the largest consumer, thanks to its extensive mining activities. However, Latin America and Africa are swiftly gaining ground, buoyed by the discovery of new mineral reserves. Technological advancements in production processes have not only heightened efficiency but also lowered costs, acting as a catalyst for market growth. While online sales channels remain a nascent segment, their burgeoning traction is noteworthy, especially for small-scale industries seeking easier access to sodium cyanide.
 

Briquettes segment was valued at USD 1.7 billion in 2024, and it is anticipated to expand to 5.7% of CAGR during 2025-2034. Briquettes lead the sodium cyanide market, holding the largest share due to their advantages in handling, transportation, and storage. They are especially favored in large-scale gold and silver mining operations, as their solid form reduces the risks of spillage and contamination. Pellets are increasingly popular, finding their niche in applications demanding precise dosing, such as chemical synthesis and specific industrial processes. Their consistent size and shape make them ideal for automated systems. Although powdered sodium cyanide occupies a smaller segment of the market, it's predominantly utilized in laboratory experiments and specialized tasks like organic synthesis.
 

The gold & silver mining segment was valued at USD 1.9 billion in 2024 and gained 5.7% CAGR from 2025 to 2034. Gold and silver mining stands as the primary driver of the sodium cyanide market, constituting the majority of global demand. This is largely due to sodium cyanide's essential role in the cyanidation process for precious metal extraction. As demand for gold surges in sectors like investment, jewelry, and electronics, mining activities are intensifying, especially in regions such as Asia-Pacific, Latin America, and Africa. The jewelry sector, while smaller in comparison to mining, utilizes sodium cyanide in electroplating for premium finishes. Rodenticide applications maintain steady demand, particularly in agriculture and residential areas facing pest issues. In rubber processing, sodium cyanide plays a role in vulcanization and chemical modifications, although in a smaller segment.
 

The direct sales segment was valued at USD 1.6 billion in 2024 and gained an 5.9% CAGR from 2025 to 2034. Direct sales lead the distribution arena, especially for large mining and industrial clients who order in bulk. These clients favor direct purchases for assured supply, competitive pricing, and tailored logistics. Distributors and wholesalers play a pivotal role, especially for small and medium enterprises (SMEs) and in regions lacking direct manufacturer access. This channel is crucial in emerging markets, where local distributors connect global suppliers with end-users. While online sales currently represent a small fraction of the market, they are on the rise, spurred by the digitalization of procurement.
 

The U.S. was valued at USD 585.2 million in 2024 and expected to grow at a 5.7% CAGR till 2034. In the U.S., the sodium cyanide market is shaped by mature demand, largely fueled by its varied industrial uses. Notably, gold and silver mining stands out, accounting for the bulk of the nation's sodium cyanide consumption. With a robust mining sector, states such as Nevada and Alaska, prominent in gold production, ensure a consistent demand for sodium cyanide. As environmental regulations and sustainability take center stage, they significantly influence market trends, advocating for cleaner production technologies and safer transportation methods. In response, U.S.-based manufacturers are channeling investments into greener production processes, aligning with Environmental Protection Agency (EPA) standards and solidifying the U.S.'s position as a frontrunner in sustainable sodium cyanide production.
 

Sodium cyanide Market Share

The sodium cyanide industry is characterized by intense competition, with several key players asserting dominance on both regional and global fronts. Factors such as production capacity, cost-efficiency, geographical reach, and strict adherence to environmental regulations play pivotal roles in shaping this competitive landscape.
 

Market leaders like Orica, Draslovka, and Cyanco International have carved out their positions by harnessing extensive distribution networks, robust R&D capabilities, and forging strategic partnerships with mining entities. For instance, Orica's strategic advantage stems from its proximity to major gold mining hubs in Australia, complemented by a sophisticated logistics framework. On the other hand, Draslovka's edge lies in its technological innovations, particularly in sustainable cyanide production, resulting in products that boast a reduced environmental footprint.
 

Other significant players, including Evonik Industries and Gujarat Alkalies and Chemicals, are channeling efforts into expanding production capacities and refining manufacturing processes to align with the surging global demand. Companies such as Taekwang Industrial and Changsha Hekang Chemical have carved a niche in the Asia-Pacific market, while Wesfarmers and Australian Gold Reagents hold sway over the Australian mining landscape. Meanwhile, AnQore, Asahi Kasei, and LUKOIL are making their mark in regional markets with their diverse product offerings.
 

Sodium cyanide Market Companies

Major players operating in the sodium cyanide industry are:

• Australian Gold Reagents
• Anqore
• Asahi Kasei
• Changsha Hekang Chemical
• Cyanco International
• Draslovka
• Evonik Industries
• Gujarat Alkalies And Chemicals
• Lukoil
• Orica
• Taekwang Industrial
• Wesfarmers 
   

Sodium cyanide Industry News

• In October 2023, Orica Limited, a prominent player in the global market, revealed its acquisition of Cyanco, a top U.S.-based sodium cyanide producer, for a sum of USD 640 million. This strategic acquisition has more than doubled Orica's production capacity, bringing it to an impressive 240,000 tons annually. Not only does this acquisition enhance Orica's existing facility in Australia, but it also marks a significant expansion into North America, with a keen focus on the gold mining sectors in the U.S. and Canada. With Cyanco's operations based in Nevada and Texas, Orica is well-positioned to cater to a growing demand, anticipated to surge by 4-5% each year until 2028, a trend fueled by ongoing mining projects and diminishing ore grades. Furthermore, Orica's bolstered supply network now reaches across the Asia-Pacific, Latin America, and Africa, solidifying its status as a global frontrunner in the production and distribution of sodium cyanide.
   
• In July 2023, Draslovka, a Czech-based chemical firm, partnered with Wesfarmers Chemicals, Energy & Fertilisers to set up a carbon-neutral sodium cyanide production facility in Western Australia. This venture underscores Draslovka's dedication to sustainability and responds to the global surge in demand for eco-friendly mining chemicals. The state-of-the-art facility aims to reduce emissions significantly and will primarily serve the gold mining sector, a predominant user of sodium cyanide. This collaboration underscores a broader industry trend, emphasizing a move towards sustainable practices in both mining and chemical production. ??.
   

This sodium cyanide market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Tons) from 2021 to 2034, for the following segments:

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Market, By Form

• Briquettes
• Pellets
• Powder

Market, By End Use Industry

• Gold & silver mining
• Jewelry manufacturing
• Rodenticide
• Rubber processing chemicals
• Dyes and pigments
• Others

Market, By Distribution Channel

• Direct sales
• Distributors & wholesalers
• Online sales

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa