Hydrogen Cyanide Market - Growth, Trends, and Forecast (2019 - 2024)

The Hydrogen Cyanide Market is segmented by Structure Type (Hydrogen Cyanide (HCN) Liquid, and Hydrogen Cyanide (HCN) Gas), Application (Sodium Cyanide & Potassium Cyanide, Adiponitrile, Acetone Cyanohydrin, and Other Applications), and Geography.

Market Snapshot

Market Summary - Hydrogen Cyanide Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

North America

Key Players:

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Market Overview

The global hydrogen cyanide market is expected to register a CAGR of over 1% during the forecast period, 2019 - 2024. The major factors driving the market studied include huge demand for manufacturing of sodium cyanide and potassium cyanide and increasing usage of hydrogen cyanide for the production of Adiponitrile. Highly toxic nature of hydrogen cyanide is expected to significantly hinder the growth of the market studied.

  • North America is expected to dominate the global market during the forecast period.
  • Its use in production of chelating agents in untapped markets is likely to act as opportunities in the future.

Scope of the Report

The global hydrogen cyanide market includes:  

Structure Type
Hydrogen Cyanide (HCN) Liquid
Hydrogen Cyanide (HCN) Gas
Application
Sodium Cyanide and Potassium Cyanide
Adiponitrile
Acetone Cyanohydrin
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Growing Usage in Adiponitrile Application

  • A considerable part of the hydrogen cyanide produced is used in adiponitrile application as a precursor for polyamide production. 
  • Adiponitrile (ADN) is used almost exclusively in the manufacturing process of hexamethylene diamine (HMDA), of which 92% is used to make nylon 6,6 fibers, and resins. 
  • Nylon 6,6 is one of the most versatile engineering thermoplastics. Owing to its excellent balance, mechanical strength, ductility, and thermal resistance, it is an ideal substitute for metal in various applications. It is easy to modify nylon 6,6’s properties using fillers, fibers, internal lubricants, and impact modifiers.
  • There has been a rapid growth in demand for nylon from several industries, including automotive, textile, and electronics. Thus, with the increasing usage of nylon, the demand for adiponitrile is expected to grow rapidly.
  • This, in turn, is expected to boost the market for hydrogen cyanide from adiponitrile application, over the forecast period.
Segmentation - Hydrogen Cyanide Market

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Growing Demand from India in the Asia Pacific Region

  • India is one of the major consumers of hydrogen cyanide in the Asia-Pacific region. India is a growing economy and holds great potential for future market opportunities.
  • The country’s government has been taking initiatives to attract FDIs in the manufacturing sector, to make India a manufacturing hub.
  • Textiles and apparels production in India has been growing since the past few years, owing to the demand from the growing population. Owing to the increasing government initiatives and investments in the textiles sector, the production of textiles in the country is increasing significantly.
  • India is well endowed regarding most of the minerals. The country produces nearly 87 minerals, including four fuel minerals, ten metallic minerals, 47 non-metallic minerals, three atomic minerals, and 23 minor minerals (including building and other materials).
  • Owing to the increasing demand for the adiponitrile in nylon 6-6 production, coupled with the increasing usage of sodium cyanide in the mining industry, the demand for hydrogen cyanide in the production of adiponitrile and sodium cyanide is expected to increase in the country over the forecast period. 
  • Additionally, countries, such as China and Japan, are also contributing a major share in the Asia-Pacific hydrogen cyanide market and is expected to increase during the forecast period. 
Regional - Hydro

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Competitive Landscape

The global hydrogen cyanide market is partially consolidated. Some of the major players of the market studied include Evonik Industries, INEOS, Air Liquide, and Matheson Tri-Gas Inc., among others.

Major Players

  1. Evonik Industries
  2. INEOS
  3. Air Liquide
  4. Matheson Tri-Gas Inc.

* Complete list of players covered available in the table of contents below

Market Concentration - Hydrogen Cyanide Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Huge Demand for Manufacturing of Sodium Cyanide and Potassium Cyanide

      2. 4.1.2 Increasing Usage of Hydrogen Cyanide for the Production of Adiponitrile

    2. 4.2 Restraints

      1. 4.2.1 Highly Toxic Nature of Hydrogen Cyanide

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Import and Export Trends

    6. 4.6 Regulatory Policy Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Structure Type

      1. 5.1.1 Hydrogen Cyanide (HCN) Liquid

      2. 5.1.2 Hydrogen Cyanide (HCN) Gas

    2. 5.2 Application

      1. 5.2.1 Sodium Cyanide and Potassium Cyanide

      2. 5.2.2 Adiponitrile

      3. 5.2.3 Acetone Cyanohydrin

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Air Liquide

      2. 6.4.2 Hindusthan Chemicals Company

      3. 6.4.3 Matheson Tri-Gas Inc.

      4. 6.4.4 Evonik Industries

      5. 6.4.5 INEOS

      6. 6.4.6 Ascend Performance Materials

      7. 6.4.7 Triveni Chemicals

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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