Sodium Cyanide Market – Segmentation Analysis and Forecast by Technavio

October 18, 2017

LONDON–(BUSINESS WIRE)–#MetalsandMinerals–According to the latest market study released by Technavio,
the global sodium cyanide market is expected to grow at a CAGR of more
than 5% during the predicted period.

This research report titled ‘Global
Sodium Cyanide Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

Sodium cyanide is one of the widely used chemicals for ore processing.
With the increasing demand for various metals, the demand for the
compound is also growing. Although there are certain challenges, such as
government regulation and high toxicity, regarding the use of the
compound, the market is expected to grow.

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Technavio’s analysts categorize the global sodium cyanide market into
four major segments by technology. They are:

Mining
Chemical
Electroplating
Others

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The top three technology segments of the global sodium cyanide market
are discussed below:

Global sodium cyanide market in mining segment

Mining is the largest application of sodium cyanide. It is used in the
extraction and mining process of gold, silver, and other metals. The
rising demand for metals such as gold and silver is likely to propel the
demand for the sodium cyanide during the forecast period. Gold
extraction from ore is the major application segment of sodium cyanide.

According to Mohd Shakeel Iqbal, a lead metals
and minerals research analyst from Technavio, “Sodium cyanide in
liquid form is mostly used to dissolve and separate gold from mining
ore. The crude rock mixture containing gold is crushed into a fine
powder and then added to a solution of sodium cyanide. Gold forms a
strong adherence with the cyanide molecules in the solution and is
separated from other minerals by dissolving in water.”

Global sodium cyanide market in chemical segment

Various nitrile compounds and nitrile derivatives are derived using sodium
cyanide as a starting material in the chemical industry. Nitrile
derivatives, such as organic cyanamides, containing aliphatic or cyclic
organic moieties attached to the cyanide group are derived using sodium
cyanide as a starting material.

“Sodium cyanide is used as a reagent in the manufacturing of various
synthetic fibers, including nylon, modacrylic, polyester fibers, rayon,
aramid fibers, and lyocell. For instance, sodium cyanide is used in the
preparation of adiponitrile, which is an intermediate in nylon
manufacturing,” says Shakeel.

Global sodium cyanide market in electroplating segment

Electroplating is a process of application of metal coating or other
conductive coatings through electrochemical process onto the surface of
various products used in automotive, aerospace vehicles, and
electronics. Electroplating is widely used on automotive parts.

Corrosion is more evident on outer body parts than in internal
components, which is a major concern for automotive manufacturers. To
protect their products, they use various metal finishing techniques,
such as electroplating, which will increase corrosion resistance and
wear resistance and prevent tarnish.

The top vendors highlighted by Technavio’s research analysts in this
report are:

Asahi Kasei
The Chemours Company
Cyanco
Orica
Royal DSM
SASOL

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