Mar 24, 2022   SOURCE: BusinessWire

Insights on the Hydrogen Cyanide Global Market to 2027 - Key Drivers and Restraints - ResearchAndMarkets.com

The "Global Hydrogen Cyanide Market Outlook to 2027" report has been added to ResearchAndMarkets.com's offering.

This report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Hydrogen Cyanide market by segmenting based on the By Type (Hydrogen Cyanide Liquid, Hydrogen Cyanide Gas), By Application (Adiponitrile, Acetone Cyanohydrin, Cyanuric Chloride, Others), By End User (Automotive, Agriculture, Mining, Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Companies Mentioned

  • Evonik Industries AG
  • INEOS Group Ltd
  • Air Liquide S.A.
  • Matheson Tri-Gas Inc.
  • Ascend Performance Materials Operations LLC
  • Hindusthan Chemicals Company
  • The Dow Chemical Company
  • DuPont
  • Asahi Kasei Corporation
  • Taekwang Industry Co Ltd.
  • Bluestar Adisseo
  • Butachimie
  • Cyano Corporation
  • Kuraray Co. Ltd

The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

Hydrogen Cyanide is used in the automotive industry to manufacture nylon 6,6, which substitutes metals. It is used commercially for fumigation, electroplating, mining, chemical synthesis, and the production of synthetic fibers, plastics, dyes, and pesticides. It is also used in the pharmaceutical industry.

The automotive industry is the most primary and vital consumer of Hydrogen Cyanide and is estimated to drive the global demand. Adiponitrile is used almost exclusively in the manufacturing process of hexamethylenediamine, of which over 92% is used to make versatile nylon 6,6 fibers and resins, driving the Global Hydrogen Cyanide market.

In 2021,the global auto market will boom ahead by 9% to 83.4 million units and advance by another 5% in 2022 to 86.9 million units. All growth followed by another solid 4% in 2023 to 89.7 million units. Western and Central Europe sales will revive by 11.1% in 2021 to 15.25 million units and move up to 16.58 million units in 2023.

North America is on its way to becoming the global leader in the production and consumption of Hydrogen Cyanide, with most of the consumption in countries like the US and Canada. With a growing population and increasing income across countries, there has been an increased demand for the Automotive Industry, which is expected to drive the global Hydrogen Cyanide market. The demand for Hydrogen Cyanide is growing in the agriculture sector as consumers' needs evolve.

Hydrogen Cyanide-based fertilizers improve crop yields, which helps the farmers generate more revenue through producing more crops, which is expected to drive the global Hydrogen Cyanide market. Due to increasing industrialization, cyanide leaching is used as dominant gold extraction selectively used to dissolve gold, increasing the demand for Hydrogen Cyanide. Hydrogen Cyanide is widely used for anti-hypertensive drugs in the pharmaceutical industry, driving the Global Hydrogen Cyanide Industry market. Therefore, the mentioned factors have made the Asia Pacific region vital for developing Hydrogen Cyanide.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1 Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Feedstock Analysis

3.6 Trade Analysis

3.7 Price Trend Analysis

3.8 Supply Analysis

3.9 Regulatory Policies

3.10 Analysis of Covid-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

4.2.1 Competition in the Industry

4.2.2 Potential of New Entrants into the Industry

4.2.3 Bargaining Power of Suppliers

4.2.4 Bargaining Power of Consumers

4.2.5 Threat of substitute products

5. Market Segmentation & Forecast

5.1 By Type

5.1.1 Hydrogen Cyanide Liquid

5.1.2 Hydrogen Cyanide Gas

5.2 By Application

5.2.1 Adiponitrile

5.2.2 Acetone Cyanohydrin

5.2.3 Cyanuric Chloride

5.2.4 Others

5.3 By End User

5.3.1 Automotive

5.3.2 Agriculture

5.3.3 Mining

5.3.4 Pharmaceutical

5.3.5 Others

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/cw2sko