Market Size of Africa Sodium Cyanide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sodium Cyanide Market Analysis
The African sodium cyanide market is expected to register at a CAGR of around 3% during the forecast period.
COVID-19 moderately impacted industry growth due to many countries' supply chain disruptions and lockdowns. However, the surging mining industry in South Africa and Ghana, among others, is likely to increase sodium cyanide consumption.
- The primary factor driving the studied market growth is the increasing demand for gold mining activities.
- Conversely, sodium cyanide toxicity is expected to hinder the studied market's growth.
- The discovery of new mines is expected to offer new growth opportunities to the market studied.
- South Africa dominated the market studied owing to its surging application in the mining industry.
