Global Sodium Cyanide Market is estimated to be valued at USD 2.92 Bn in 2025 and is expected to reach USD 4.25 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 2.92 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.50%
2032 Value Projection:
USD 4.25 Bn
Figure. Sodium Cyanide Market Share (%), By Region 2025
Sodium cyanide is an inorganic compound with the chemical formula NaCN. It is a white, water-soluble solid. Major end uses of sodium cyanide include extraction of gold and other precious metals, chemical intermediate, dye and pigment manufacturing, and fumigant. Commercially, sodium cyanide is produced as a white powder or crystalline beads. It is relatively economical and efficient agent for extracting gold from low-grade ore in the mining industry. The compound is also utilized as a fumigant for soil treatment, and in synthesis of specialized chemicals such as adiponitrile. Overall, the multifaceted applications of sodium cyanide across different sectors have contributed to the growth of its market over the past few decades. However, given its highly toxic nature, the handling and use of the compound require strict adherence to safety measures and regulations.
Market Dynamics:
The global sodium cyanide market is driven by factors such as rising gold production, burgeoning chemicals industry, and increasing pest management activities. As per estimates, the demand for gold grew at a CAGR of over 2% during 2018-2022, with the jewelry segment accounting for the majority of consumption. This, in turn, boosted the consumption of sodium cyanide in mining applications. Additionally, the rapid development of the specialty chemicals and agrochemicals industries augmented the product demand for manufacturing compounds including adiponitrile and fumigants respectively. However, health hazards associated with sodium cyanide coupled with stringent regulatory environment regarding its production and transportation pose challenges for smooth market expansion. Nevertheless, technological advancements to develop safer alternative extraction processes for gold mining as well as innovative application scopes in chemical synthesis present new opportunities for industry participants in the coming years.
Key Features of the Study:
This report provides an in-depth analysis of the global sodium cyanide market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global sodium cyanide market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Hindusthan Chemicals Company, Cyanco, Australian Gold Reagents Pty. Ltd., Asahi Kasei Corporation, Orica Limited, Evonik Industries AG, Changsha Hekang Chemical Co., Ltd., Draslovka Holdings B.V., Sasol Limited, The Chemours Company, Gujarat Alkalies and Chemical Limited, PJSC LUKOIL, Taekwang Industrial Co., Ltd., American Elements, Wesfarmers Limited, UPL, Loba Chemie, Nilkanth Organics, Taekwang Industrial, and CSBP.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global sodium cyanide market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium cyanide market.
Detailed Segmentation-
By Product Type:
Solid Sodium Cyanide
Liquid Sodium Cyanide
By End User:
Mining
Dyes and Pigments
Chemical Intermediates
Pharmaceuticals
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Hindusthan Chemicals Company
Cyanco
Australian Gold Reagents Pty. Ltd.
Asahi Kasei Corporation
Orica Limited
Evonik Industries AG
Changsha Hekang Chemical Co., Ltd.
Draslovka Holdings B.V.
Sasol Limited
The Chemours Company
Gujarat Alkalies and Chemical Limited
PJSC LUKOIL
Taekwang Industrial Co., Ltd.
American Elements
Wesfarmers Limited
UPL
Loba Chemie
Nilkanth Organics
Taekwang Industrial
CSBP
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Sodium Cyanide Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Sodium Cyanide Market
Impact Analysis
5. Global Sodium Cyanide Market, By Product Type, 2020-2032, (US$ Bn & KT)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Solid Sodium Cyanide
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Liquid Sodium Cyanide
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
6. Global Sodium Cyanide Market, By End User, 2020-2032, (US$ Bn & KT)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Mining
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Dyes and Pigments
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Chemical Intermediates
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Pharmaceuticals
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
7. Global Sodium Cyanide Market, By Region, 2020-2032, (US$ Bn & KT)
Introduction
Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020-2032
North America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By End User, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn & KT)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn & KT))
Market Size and Forecast, By End User, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn & KT)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By End User, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn & KT)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By End User, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn & KT)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn & KT)
Market Size and Forecast, By End User, 2020 - 2032 (US$ Bn & KT)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn & KT)