Global Sodium Cyanide Market Segmentation by Type (Solid sodium cyanide, Liquid sodium cyanide), by Application (Mining, Chemical industry, Pharmaceutical industry, Dyes and pigments), by Region (North America, Europe, Asia Pacific, South America and Middle East & Africa).
Various factors such as an increasing consumption of sodium cyanide in mining industry, rising demand for sodium cyanide in various end use industries such as inorganic chemicals, and pharmaceuticals as an important precursor are driving the global sodium cyanide market over forecast period.
However, factors such as harmful effects of sodium cyanide on human health & problems associated with skin & eyes and numerous regulations pertaining to the use of sodium cyanide. Agencies, such as International Cyanide Management Code has defined a particular limit on the use of sodium cyanide.
Global Sodium Cyanide Market is segmented by Type, by Application, and by Region. By application, mining industry held 41.65% of market share in 2019 and is expected to keep its dominance over forecast period. An increasing consumption of sodium cyanide in mining industry as an extracting reagent is a major factor driving growth of the global sodium cyanide market currently.
By geography, Asia Pacific dominated the global market in 2019 and is expected to keep its dominance over forecast period owing to growing demand for sodium cyanide, for mining reagents various in industries in the region. The region is witnessing major growth in China, Japan, Australia and South Korea owing to rapid technological advancements in these countries.
Report covers key development and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this report are Orica Limited, Cyanco, Coogee Chemicals, Hebei Chengxin, Australian Gold Reagents Pty Ltd, Cyplus GmbH (Evonik Subsidiary), Union Group Chemical Company S.l, Azoti, American Elements and The Chemours Company among others. These key players are adopting various organic and inorganic growth strategies such as merger& acquisitions, expansion, collaborations, joint ventures, strategic alliances and diversification to increase their regional presence and business opeartions.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Sodium Cyanide Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Sodium Cyanide Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Sodium Cyanide Market positioning of competitors.
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