Global Sodium Cyanide Market by QY ResearchThe Sodium Cyanide industry was 2630 million USD in 2017 and is projected to reach 5240 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 9.0%% between 2017 and 2025. The market is driven by various end-user industries, such as Mining Industry, Chemical Industry, Dye and Textile Industry and Pharmaceutical industry.
The industry is concentration, the key brand includes Cyanco, Chemours(DuPont), Australian Gold Reagents, Orica, CyPlus GmbH(Evonik), Taekwang Industrial, Tongsuh Petrochemical, Anhui Shuguang Chemical, Korund, Yingkou Sanzheng, Sasol Polymers, Unique Chemical, Tiande Chemical, Lukoil, Hebei Chengxin, Sinopec, DSM, CNPC, Nippon Soda and Unigel are the leaders.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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.
In this report, we statistics the solid product of Sodium Cyanide, and the liquid product is converted into the solid product (100% Sodium Cyanide). For example, 10 MT of 30% liquid product is converted into the 3.33 MT of solid product (100% Sodium 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.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Sodium Cyanide Market Research Report 2018 released by QYResearch provides a basic overview of the Sodium Cyanide industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Sodium Cyanide industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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