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Sodium Cyanide Market Size
- Report ID: GMI12676
- Published Date: Dec 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Sodium Cyanide Market Size in 2024: | USD 2.8 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2025 – 2034 CAGR: | 5.5% |
| 2025 – 2034 Value Projection: | USD 4.7 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | Form, End Use Industry, Distribution Channel |
| Growth Drivers: |
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Sodium Cyanide Market Scope
