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Sodium Cyanide Market Trends

Report ID: GMI12676
Published Date: Dec 2024
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for sodium cyanide was valued at USD 2.8 billion in 2024 and is projected to reach USD 4.7 billion by 2034, driven by a CAGR of over 5.5% during the forecast period, primarily due to the growth of the gold mining industry.

The briquettes segment was valued at USD 1.7 billion in 2024 and is expected to grow at a CAGR of 5.7% from 2025 to 2034, driven by its advantages in handling, transportation, and storage, particularly in large-scale gold and silver mining operations.

The U.S. market size for sodium cyanide was valued at USD 585.2 million in 2024 and is expected to grow at a CAGR of 5.7%, driven by its robust mining sector and increasing investments in sustainable production technologies.

Major players in the industry include Australian Gold Reagents, Anqore, Asahi Kasei, Changsha Hekang Chemical, Cyanco International, Draslovka, Evonik Industries, Gujarat Alkalies And Chemicals, Lukoil, Orica, Taekwang Industrial, and Wesfarmers.