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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Sodium Cyanide market for 2018-2023.
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. 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.
Over the next five years, LPI(LP Information) projects that Sodium Cyanide will register a 6.2% CAGR in terms of revenue, reach US$ 2690 million by 2023, from US$ 1870 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Sodium Cyanide market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Solid Sodium Cyanide
- Liquid Sodium Cyanide
Segmentation by application:
- Mining Industry
- Chemical Industry
- Dye and Textile Industry
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Australian Gold Reagents
- CyPlus GmbH(Evonik)
- Taekwang Industrial
- Tongsuh Petrochemical
- Anhui Shuguang Chemical
- Yingkou Sanzheng
- Sasol Polymers
- Unique Chemical
- Tiande Chemical
- Hebei Chengxin
- Nippon Soda
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Sodium Cyanide consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Sodium Cyanide market by identifying its various subsegments.
- Focuses on the key global Sodium Cyanide manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Sodium Cyanide with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Sodium Cyanide submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.