Sodium Cyanide Market Size, Share, Trends, Global Opportunity Analysis and Forecast 2018-2026
Sodium Cyanide Market |
Sodium cyanide is a chemical that is used as a reagent in the mining industry to extract several minerals from their ores, including gold and silver. In the mining industry, it is also employed as a flotation reagent. Sodium cyanide is used roughly two-thirds of the time in the gold and silver processing industries. In agricultural farms, sodium cyanide is utilised in a variety of compounds to keep insects and pests at bay.
The mining industry accounts for the greatest share of the worldwide Sodium Cyanide Market among end users. In the mining industry, NaCN is used to extract gold and other valuable metals. Because gold is the least reactive metal, it has a strong attraction to cyanide, leading it to oxidise and dissolve in the presence of oxygen and water. Furthermore, due to the wide range of uses of NaCN in chemical synthesis, the chemical industry segment was the fastest expanding segment in the worldwide sodium cyanide market in 2017. Among the many chemical products generated from NaCN through various reactions are cyanuric chloride, cyanogen chloride, and several forms of nitriles.
Market Segmentation:
By Type
- Solid
- Liquid
By Application
- Mining Industry
- Chemical Industry
- Dye and Textile Industry
- Pharmeutical
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Sodium cyanide is used as an intermediate in jewellers, vitamins, adhesives, computer electronics, fire retardants, aeroplane brakes, cosmetics, nylon colours, nail polish remover, paints, Plexiglas, pharmaceuticals, rocket propellant, and table salt. The global market for sodium cyanide is predicted to grow as a result of the numerous benefits associated with it.
The major key players operating in the global sodium cyanide market include, Cyanco, E. I. DuPont, Australian Gold Reagents, Orica, Evonik, Taekwang Industrial, Tongsuh Petrochemical, Anhui Shuguang Chemical, Korund, Yingkou Sanzheng, Sasol Polymers, Unique Chemical, Tiande Chemical, Lukoil, Hebei Chengxin, Sinopec, and DSM.
Comments
Post a Comment