Market Size of Hydrogen Cyanide Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 2.39 Million tons |
| Market Volume (2029) | 2.62 Million tons |
| CAGR (2024 - 2029) | > 1.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydrogen Cyanide Market Analysis
The Hydrogen Cyanide Market size is estimated at 2.39 Million tons in 2024, and is expected to reach 2.62 Million tons by 2029, growing at a CAGR of greater than 1.5% during the forecast period (2024-2029).
The majority of the hydrogen cyanide manufactured is used as a raw material for adiponitrile production, which is used in producing nylon 66 for fiber and plastic production. Adiponitrile (AND) is used to make hexamethylene diamine (HMDA), the majority of which (approximately 92%) is used to make nylon 6,6 fibers and resins.
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, while the Asia-Pacific region is expected to be the fastest-growing market during the forecast period.
