Hydrogen Cyanide Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| CAGR | > 1.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydrogen Cyanide Market Analysis
The Hydrogen Cyanide Market is estimated to witness significant growth, at an estimated CAGR of over 1.5%, over the forecast period.
The impact of COVID-19 on the global Hydrogen Cyanide Market had largely been negated, and the market presently reached pre-pandemic levels.
- Over the medium term, the major factors driving market growth were the high demand for sodium and potassium cyanide and the increasing use of hydrogen cyanide in producing adiponitrile.
- On the flip side, the highly toxic nature of hydrogen cyanide hampers the market's growth studied.
- Its use in the production of chelating agents in untapped markets is likely to present opportunities in the future.
- North America is expected to dominate the global hydrogen cyanide market during the forecast period.
Hydrogen Cyanide Industry Segmentation
Hydrogen cyanide is a colorless, extremely poisonous, and flammable liquid that boils slightly above room temperature.
The Hydrogen Cyanide Market is segmented by structure type, application, and geography. By structure type, the market is segmented into hydrogen cyanide liquid and hydrogen cyanide gas. By application, the market is segmented into sodium cyanide and potassium cyanide, adiponitrile, acetone cyanohydrin, and other applications. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).
| Structure Type | |
| Hydrogen Cyanide Liquid | |
| Hydrogen Cyanide Gas |
| Application | |
| Sodium Cyanide and Potassium Cyanide | |
| Adiponitrile | |
| Acetone Cyanohydrin | |
| Other Applications |
| Geography | |||||||
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Hydrogen Cyanide 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 hexamethylene diamine (HMDA) manufacturing, of which 92% is used to make nylon 6,6 fibers and resins.
- Nylon 6,6 is one of the most versatile engineering thermoplastics. Its excellent balance, mechanical strength, flexibility, and thermal resistance make it 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.
- Demand for nylon has been rapidly growing from several industries, including automotive, textile, and electronics. Thus, with the increasing usage of nylon, the demand for adiponitrile is expected to grow rapidly. For instance, the output of the United States textile manufacturing totaled USD 16.59 billion in 2021, which shows an increase of 7.2% compared to the 4th quarter of 2020.
- In 2022, there has been an overall increase in automotive OEM manufacturing. The major increase was due to the increased production of light commercial vehicles. There has been a considerable increase of 9.3% in the production of light commercial vehicles in 2022 compared to the previous year (2021). This has increased the overall demand for hydrogen cyanide. Countries such as France, Portugal, Serbia, and Russia have seen a significant increase in the production of light commercial vehicles, which has been a major driver in the growth of the European hydrogen cyanide market.
- The manufacturing of Light automotive vehicles in the Americas increased by 3% in 2022 compared to the production in 2021. Most of the increase was due to a rise in demand in Argentina and Brazil in the South American region. In South America, the overall light commercial vehicle production increased by 32.8% in 2021 compared to 2020. The combined production of light commercial vehicles in Argentina and Brazil was around 613,358 in 2021; in 2020, it was 461,725 units. This positively impacted the demand for the hydrogen cyanide market in the Americas region.
- This, in turn, is expected to boost the market for hydrogen cyanide from adiponitrile application over the forecast period.
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Growing Demand from India in the Asia Pacific Region
- Hydrogen cyanide is used in the workplace for fumigation, electroplating, textiles, mining, chemical synthesis, and the production of synthetic fibers, plastics, dyes, and pesticides.
- The Asia-Pacific region dominated the global market share. With the robust demand from the gold extraction and chemical industry, the demand for hydrogen cyanide in Asia-Pacific, primarily in China, has increased faster. For instance, China is the largest producer of gold in the world. The country produced 368 tons of gold in 2021.
- Besides, China is the second-largest producer of copper, bauxite, manganese, cobalt, and silver. It also produces gem diamonds, chromium, and timber. Such factors will likely boost the demand for the hydrogen cyanide market in China during the forecast period.
- Textile and apparel production in India has been growing for the past few years, owing to the demand from the growing population. Owing to the increasing government initiatives and investments in the textile sector, the country's textile production is increasing significantly. For instance, according to the India Brand Equity Foundation, India’s textile and apparel exports (including handicrafts) stood at USD 44.4 billion in FY22, a 41% increase compared with FY2021. Therefore, an increase in apparel exports is expected to create demand for hydrogen cyanide in the country from the textile industry.
- Owing to the increasing demand for adiponitrile in nylon 6-6 production and 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.
- Countries like Japan and Korea contribute a major share in the Asia-Pacific hydrogen cyanide market and are expected to increase during the forecast period.
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Hydrogen Cyanide Industry Overview
The global Hydrogen Cyanide Market is partially consolidated in nature. The major companies include (not in a particular order) Evonik Industries, Ascend Performance Materials, INEOS, Air Liquide, and Matheson Tri-Gas Inc., among others.
Hydrogen Cyanide Market Leaders
INEOS
Air Liquide
Evonik Industries AG
MATHESON TRI-GAS, INC.
Ascend Performance Materials
*Disclaimer: Major Players sorted in no particular order
Hydrogen Cyanide Market News
- July 2022: a study was conducted to develop a green approach to synthesizing sodium cyanide using hydrogen cyanide extracted under a vacuum from cassava leaves. This study was conducted to develop a new green approach for synthesizing sodium cyanide extracted from cassava leaves after 120 minutes of maceration at 30 degrees Celsius and 45 minutes of recovery under a vacuum at 35 to 40 degrees Celsius. The study has described the successful production of sodium cyanide by saturation of a sodium hydroxide-absorbing solution using HCN (hydrogen cyanide) extracted from cassava leaves.
- April 2022: LUKOIL is to continue the development of petrochemistry projects in Saratov. The Saratovorgsintez LLC petrochemical plant, a wholly owned PJSC LUKOIL subsidiary, is the only Russian manufacturer of acrylonitrile and acetonitrile and a major manufacturer of sodium cyanide. The plant is developing projects to construct new units to increase production volume and improve efficiency.
Hydrogen Cyanide Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Huge Demand for Manufacturing of Sodium Cyanide and Potassium Cyanide
4.1.2 Increasing Usage of Hydrogen Cyanide for the Production of Adiponitrile
4.2 Restraints
4.2.1 Highly Toxic Nature of Hydrogen Cyanide
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Structure Type
5.1.1 Hydrogen Cyanide Liquid
5.1.2 Hydrogen Cyanide Gas
5.2 Application
5.2.1 Sodium Cyanide and Potassium Cyanide
5.2.2 Adiponitrile
5.2.3 Acetone Cyanohydrin
5.2.4 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis (%)** /Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Air Liquide
6.4.2 Ascend Performance Materials
6.4.3 Evonik Industries AG
6.4.4 Hindusthan Chemicals CompanyMatheson Tri-Gas Inc.
6.4.5 INEOS
6.4.6 MATHESON TRI-GAS, INC.
6.4.7 Sumitomo Chemical Co., Ltd.
6.4.8 TAEKWANG INDUSTRIAL CO., LTD.
6.4.9 Triveni Chemicals
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Hydrogen Cyanide Market Research FAQs
What is the current Hydrogen Cyanide Market size?
The Hydrogen Cyanide Market is projected to register a CAGR of greater than 1.5% during the forecast period (2023-2028).
Who are the key players in Hydrogen Cyanide Market?
INEOS, Air Liquide, Evonik Industries AG, MATHESON TRI-GAS, INC. and Ascend Performance Materials are the major companies operating in the Hydrogen Cyanide Market.
Which is the fastest growing region in Hydrogen Cyanide Market?
North America is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Hydrogen Cyanide Market?
In 2023, the North America accounts for the largest market share in the Hydrogen Cyanide Market.
Hydrogen Cyanide Industry Report
Statistics for the 2023 Hydrogen Cyanide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hydrogen Cyanide analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Hydrogen Cyanide Report Snapshots
