Sodium Cyanide Market accounted for US$ 1043.0 kilotons in 2020 and is estimated to be US$ 1877.69 kilotons by 2030 and is anticipated to register a CAGR of 6.10%. Sodium cyanide (NaCN) is a toxic inorganic solid that has a strong affinity for metals. Pharmaceuticals, dyes & pigments, agrochemicals, and metal industries all use it as a raw ingredient. Because of its toxicity, it is also utilised as a pesticide and in analytical testing. The International Cyanide Management Code for the Manufacture, Transport, and Use of Cyanide in Gold Production, often known as the Cyanide Code, is a voluntary initiative aimed at assisting the global gold mining sector. It also assists gold mining cyanide producers and transporters in developing cyanide management techniques and publicly demonstrating compliance with the Cyanide Code through an impartial and transparent process.
The report " Global Sodium Cyanide Market, By Type (Solid Sodium Cyanide and Liquid Sodium Cyanide), By Application (Mining, Chemical Industry, Pharmaceutical Industry and Dyes & Pigments), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
- In 2019, Dr Reddy's Laboratories announced the launch of sodium nitroprusside injection, which is primarily used for the immediate treatment of high blood pressure, after receiving FDA approval, according to the company's regulatory filing.
Analyst View:
Sodium cyanide (NaCN) is a toxic inorganic solid that has a strong affinity for metals. Pharmaceuticals, dyes & pigments, agrochemicals, and metal industries all use it as a raw ingredient. Because of its toxicity, it is also utilised as a pesticide and in analytical testing. The International Cyanide Management Code for the Manufacture, Transport, and Use of Cyanide in Gold Production, often known as the Cyanide Code, is a voluntary initiative aimed at assisting the global gold mining sector. It also assists gold mining cyanide producers and transporters in developing cyanide management techniques and publicly demonstrating compliance with the Cyanide Code through an impartial and transparent process.
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Key Market Insights from the report:
Global Sodium Cyanide Market accounted for US$ 1043.0 kilotons in 2020 and is estimated to be US$ 1877.69 kilotons by 2030 and is anticipated to register a CAGR of 6.10%. The Global Sodium Cyanide Market is segmented based on type, level of automation, components, fuel type and region.
- Based on Type, Global Sodium Cyanide Market is segmented into Semi-autonomous Vehicles and Fully-autonomous Vehicles.
- Based on Level of Automation, Global Sodium Cyanide Market is segmented into Level 1, Level 2&3 & Autonomous Vehicles.
- Based on Components, Global Sodium Cyanide Market is segmented into AI, Radar, LIDAR, Camera and Ultrasonic Sensor.
- Based on Fuel Type, Global Sodium Cyanide Market is segmented into ICE and EV.
- By Region, the Global Sodium Cyanide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Sodium Cyanide Market:
The key players operating in the sodium cyanide market are Evonik Industries, Cyanco, I. DuPont, Australian Gold Reagents, Orica Limited, Unique Chemical, Tiande Chemical, Hebei Chengxin, Tongsuh Petrochemical and Taekwang Industrial.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
