Market Size of Sodium Cyanide Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 1.19 Million tons |
| Market Volume (2029) | 1.45 Million tons |
| CAGR (2024 - 2029) | 4.06 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sodium Cyanide Market Analysis
The Sodium Cyanide Market size is estimated at 1.19 Million tons in 2024, and is expected to reach 1.45 Million tons by 2029, growing at a CAGR of 4.06% during the forecast period (2024-2029).
The impact of COVID-19 on the global sodium cyanide market was largely negated, and the market now reached the pre-pandemic levels.
- Over the medium term, the major factors driving the studied market's growth are the increasing mining activities in Canada and Mexico and the demand from the gold mining industry.
- On the flip side, the toxicity of sodium cyanide and the development of substitutes for gold extraction hampers the growth of the market studied.
- The discovery of new mines is projected to offer lucrative opportunities to the market players during the forecast period.
- Due to the growing mining activities in the region, Asia-Pacific dominated the market, and robust demand from the end-user industry fuelled the growth.
