Sodium Cyanide Market - Segmentation Analysis and Forecast by Technavio

According to the latest market study released by Technavio, the global sodium cyanide market is expected to grow at a CAGR of more than 5% during the predicted period.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171018006109/en/

Technavio has published a new report on the global sodium cyanide market from 2017-2021. (Graphic: B ...

Technavio has published a new report on the global sodium cyanide market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Sodium Cyanide Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Sodium cyanide is one of the widely used chemicals for ore processing. With the increasing demand for various metals, the demand for the compound is also growing. Although there are certain challenges, such as government regulation and high toxicity, regarding the use of the compound, the market is expected to grow.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Technavio’s analysts categorize the global sodium cyanide market into four major segments by technology. They are:

  • Mining
  • Chemical
  • Electroplating
  • Others

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The top three technology segments of the global sodium cyanide market are discussed below:

Global sodium cyanide market in mining segment

Mining is the largest application of sodium cyanide. It is used in the extraction and mining process of gold, silver, and other metals. The rising demand for metals such as gold and silver is likely to propel the demand for the sodium cyanide during the forecast period. Gold extraction from ore is the major application segment of sodium cyanide.

According to Mohd Shakeel Iqbal, a lead metals and minerals research analyst from Technavio, “Sodium cyanide in liquid form is mostly used to dissolve and separate gold from mining ore. The crude rock mixture containing gold is crushed into a fine powder and then added to a solution of sodium cyanide. Gold forms a strong adherence with the cyanide molecules in the solution and is separated from other minerals by dissolving in water.”

Global sodium cyanide market in chemical segment

Various nitrile compounds and nitrile derivatives are derived using sodium cyanide as a starting material in the chemical industry. Nitrile derivatives, such as organic cyanamides, containing aliphatic or cyclic organic moieties attached to the cyanide group are derived using sodium cyanide as a starting material.

“Sodium cyanide is used as a reagent in the manufacturing of various synthetic fibers, including nylon, modacrylic, polyester fibers, rayon, aramid fibers, and lyocell. For instance, sodium cyanide is used in the preparation of adiponitrile, which is an intermediate in nylon manufacturing,” says Shakeel.

Global sodium cyanide market in electroplating segment

Electroplating is a process of application of metal coating or other conductive coatings through electrochemical process onto the surface of various products used in automotive, aerospace vehicles, and electronics. Electroplating is widely used on automotive parts.

Corrosion is more evident on outer body parts than in internal components, which is a major concern for automotive manufacturers. To protect their products, they use various metal finishing techniques, such as electroplating, which will increase corrosion resistance and wear resistance and prevent tarnish.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Asahi Kasei
  • The Chemours Company
  • Cyanco
  • Orica
  • Royal DSM
  • SASOL

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.