Sodium cyanide Industry Procurement Intelligence, Key Factors Till 2027
Posted by Manisha S on January 18th, 2022
Sodium cyanide is a highly toxic salt that commonly appears as a white solid and is redolent of almonds. It is soluble in water, ammonia, methanol, and ethanol. Sodium cyanide can be segmented into two types based on forms; solid sodium cyanide and liquid sodium cyanide. Following are the major applications of sodium cyanide:
Read report summary or request a free sample copy of the report “Sodium cyanide Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”
The global sodium cyanide market was valued at ~1 million tons in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 owing to increasing demand from the mining industry. The mining industry is the largest end-user segment of the global sodium cyanide market with more than 70% market share in 2020. APAC countries like China, South Korea, and Australia are the largest producers of sodium cyanide accounted for more than 50% share in the global sodium cyanide industry, followed by the U.S. and Germany. Liquid sodium cyanide has higher demand than solid sodium cyanide. Liquid sodium cyanide accounted for more than 60% of the global sodium cyanide demand.
Industrial sodium cyanide is produced from metallic sodium, charcoal, and ammonia. In this process, molten sodium, ammonia, and charcoal react to form Sodium Cyanide. The procurement cost of these chemicals plays a very crucial role in determining the sodium cyanide production cost. The cost of raw materials accounted for more than 50% of the overall cost of production followed by machinery, equipment, and labor costs. As the price of raw material is highly volatile, sodium cyanide manufacturers outsource their production to low-cost countries like China to maintain the profit margins.
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Some of the key suppliers of sodium cyanide are:
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About the AuthorManisha S
Joined: August 2nd, 2017
Articles Posted: 58
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