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Research Reports

Sodium Cyanide Market to Reap Excessive Revenues by 2027 


Sodium Cyanide Market: Key Highlights

  • The global sodium cyanide market was valued at ~US$ 2.2 Bn in 2018, and is anticipated to expand at a CAGR of ~4% during the forecast period.
  • The global sodium cyanide market is driven by growth in the gold mining industry in China, India, and Japan.  
  • Europe and North America are attractive regions of the global sodium cyanide market, led by the increase in industrial automation and technological reforms in these regions. Europe offers immense potential for investors operating in the industry. The market size is small in the region; however, there exists vast potential for mining and other applied products due to the growth of the chemical industry.

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Key Drivers of Sodium Cyanide Market

  • In terms of value and volume, the global sodium cyanide market is expected to expand at a moderate pace during the forecast period. Rise in the demand for sodium cyanide in mining, dyes & paints, and pharmaceutical industries, and increase in the usage of sodium cyanide in polymer synthesis are anticipated to drive the global market during the forecast period.
  • The International Cyanide Management Code (referred as Cyanide Code) for the manufacture, use, and transport of sodium cyanide during the production of gold and silver may also help promote sodium cyanide management practices.
  • Sodium cyanide is also an economically viable and environmentally sustainable technology for gold ore processing.

Solid Form to Offer Attractive Opportunities

  • In terms of form, the solid segment accounted for a major share of the global sodium cyanide market in 2018. The segment is anticipated to continue its dominance during the forecast period, as it is comparatively easy to transport.
  • In either the solid or liquid form, sodium cyanide may be transported by rail or road in bulk quantities, often long distances, from the manufacturing site to remote areas. For instance, it could be transported for usage in gold beneficiation and base metal flotation. Countries have enacted stringent regulations and guidelines for the transportation and usage of sodium cyanide, as exposure to the solid form can be hazardous due to its ability to release poisonous hydrogen cyanide gas slowly into the air.

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Adverse Effects of Sodium Cyanide on Environment to Hamper Market

  • Stringent environmental regulations imposed on chemicals are adversely affecting the consumption of sodium cyanide across the globe. Environmental regulations for chemicals are primarily related to the disposal of waste gases, wastewater, and mineral residues.

Asia Pacific Dominates Sodium Cyanide Market

  • Asia Pacific accounted for a leading share of the global sodium cyanide market in 2018, due to the increase in the demand for gold and silver products in the region; and rise in the demand for chemicals and gold extraction, especially in countries such as China and India. China and India are among the prominent gold producing countries in the world.
  • China, Australia, and India are global leaders in term of sodium cyanide production. These countries witness the maximum demand for sodium cyanide in Asia Pacific. However, organizations such as the International Cyanide Management Code have enacted precise guidelines on the usage of sodium cyanide. This is estimated to adversely affect the market in Asia Pacific in the near future. There have been initiatives to substitute sodium cyanide in gold recovery, as it is hazardous to the environment. However, it still remains the most eco-friendly among similar products.

Top Five Players Account for Key Share of Sodium Cyanide Market


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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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