Sodium Cyanide Market

Sodium Cyanide Market Overview

The global Sodium Cyanide Market size was valued at USD 2.67 billion in 2024 and is predicted to reach USD 3.62 billion by 2030 with a CAGR of 5.2% from 2025-2030.

The factors such as the expansion of gold mining, increase in chemical sales and introduction of new technology drives the growth of the market. However, the high toxicity level of using sodium cyanide pose significant challenges to market expansion. On the contrary, incorporation of green chemistry techniques for the production of cyanide offers promising future opportunities to enhance safety by reducing human exposure to risks. 

Moreover, the top players such as Orica Limited, Evonik Industries Aktiengesellschaft, and others are adopting strategies including acquisition in order to enhance their market expansion. The market sees significant demand from regions with robust mining activities, underscoring its critical role in industrial processes and ongoing efforts toward safe and sustainable chemical management practices.

Expansion of the Gold Mining Industry Boosts the Market Growth

The global growth of the gold mining industry is significantly boosting the demand for sodium cyanide, an essential chemical for gold extraction through cyanidation. As stated by the World Gold Council, major gold-producing countries include Australia producing around 293.8 tonnes, Canada with 191.9 tonnes, and Indonesia with 132.5 tonnes, among numerous others. As mining operations expand and new projects emerge in these countries, the demand for the cyanide is on the rise, driving of the sodium cyanide market growth. 

Increase in Chemical Sales Fuels the Growth of the Market

The rise in chemical sales fuels by increasing the sodium cyanide market demand for its applications in chemical synthesis, mining and industrial processes. According to latest data by Cefic Chemdata International, world chemical sales rose from USD 3.22 billion to USD 5.39 billion in 2023, showing a 67.4% rise. As chemical manufacturers expand production to meet growing industrial needs, the requirement for the cyanide as a key reagent in various chemical reaction rises, driving market growth.

Advent of New Technology Drives the Growth of the Market

The introduction of new technology including new analyser technology is significantly boosting the sodium cyanide market by enhancing process efficiency and safety. Advanced monitoring systems use real-time control to monitor cyanide levels with higher precision, reducing waste and ensuring compliance with regulations. 

For example, in August, 2024, Cyanco, the world's largest producer of this chemical, expanded its cyanide control systems via a new colorimetric technology. This new technology provides additional options for mine customers with improved speed and accuracy free cyanide and weak acid dissociable cyanide. Such technological advancement drives higher demand for this cyanide, fueling market growth across industries such as gold mining, electroplating, and chemical synthesis.

Toxicity Related to Sodium Cyanide Restricts the Growth of the Market

The harmful effects of sodium cyanide, its possible environmental consequences, and related health risks are limiting market expansion. This substance is extremely harmful and presents significant dangers to human health and the environment if not handled properly. These issues result in heightened regulatory oversight and a movement towards safer, more sustainable options, impeding the broad acceptance of the chemical in certain sectors.

Introduction of Green Chemistry Techniques Creates Future Opportunities

The introduction of green chemistry techniques for producing sodium cyanide creates numerous growth opportunities in the expansion of the market in the coming years. Advancements in cyanide recovery enable reuse, reducing waste and costs in gold leaching. These techniques minimize hazardous byproducts, reduce environmental impact while also enhancing safety by reducing human exposure to risks. As sectors embrace sustainable practices, these manufacturers are incorporating green chemistry to enhance their market presence, promoting lasting growth and ecological accountability.

Market Segmentations and Scope of the Study

The sodium cyanide market report is segmented on the basis of product type, end-user, sales channel, and region. On the basis of product type, the market is classified into solid sodium cyanide and liquid sodium cyanide. On the basis of end-user, the market is segmented into mining industry, chemical industry, pharmaceuticals industry, dye and pigments industry, and textile industry. On the basis of sales channel, the market is divided into direct sales and distributor. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

The Asia-Pacific region holds the dominant sodium cyanide market share and is expected to continue its dominance during the forecast period. The textile industry expansion throughout this region drives market growth as manufacturers need synthetic fibers made with sodium cyanide for dyeing processes and chemical treatments. As textile manufacturers increases operations to meet global demand, the demand for the cyanide as a key chemical in fiber processing and dye rises, leading to market growth. 

The latest India Brand Equity Foundation report, states that the Indian textile and apparel market is anticipated to reach USD 350 billion by 2030 projecting a CAGR growth of 10%. This robust growth in the textile industry drives its demand reinforcing its critical role in various textile manufacturing processes.

Furthermore, the swift growth of the chemical sector is boosting the need for this chemical. With the growth of industrialization, the need for chemicals such as cyanuric chloride, nitrites, and agrochemicals is increasing, that in turn enhances the usage of sodium cyanide. According to a report recently published by the Information Technology and Innovation Foundation, China represented 44% of chemical production in the area as of 2022, with its market value reaching USD 1.88 trillion. This marked highly significant growth in the chemical industry, and demand for this cyanide in this particular sector also grows along with it.

On the other hand, North America is expected to show a steady rise in the sodium cyanide market. In North America, the U.S. and Canada are the major consumer of cyanide due to their well-established gold mining industry. According to the latest World Gold Council data, North American countries are some of the major gold miners in the world, with Canada producing approximately 192 metric tonnes of gold, while the U.S. production reaching 167 metric tonnes in 2022. With such rise in the production of gold in these countries, the demand for cyanide is on the rise, driving market expansion in this region.

Also, the growth of the market receives additional momentum from operating within one of the largest pharmaceutical hubs in this region. The latest report from the Association of British Pharmaceutical Industry shows US as a major global pharmaceutical industry. The sodium cyanide sector demonstrates the rising industrial requirements for this chemical entity as pharmaceutical producers use it for vital manufacturing procedures that drives its crucial part in industry development.

Competitive Landscape

Various key players operating in the sodium cyanide industry include Orica Limited, Evonik Industries Aktiengesellschaft, Taekwang Industries Co., Ltd., Mercury Chemicals Pte. Ltd., The Chemours Company LLC, Asian Chemtech Private Limited, Avonchem Ltd, Unique Chemical Limited, Hongye Holding Group Corporation Limited, Cyanoco Ltd., Hindusthan Chemicals Company, Draslovka Holding Co., Australian Gold Reagents Pty Ltd, Hebei Chengxin Co., Ltd., Anhui Shuguang Chemical Group Co., Ltd. and others. These companies are adopting various strategies including acquisitions to remain dominant in the market. 

For example, in February 2024, Orica Ltd. acquired Cyanco, a manufacturer and distributor of sodium cyanide primarily serving the gold mining industries. With this acquisition, the company aims to expand its chemical business to U.S., Canada, Mexico, Latin America, and Africa region.

Moreover, in December 2023, Evonik Industries Aktiengesellschaft acquired Thai Peroxide Co., Ltd. Through this acquisition, the company aims to offer diverse range of peroxides including sodium cyanides in the Asia Pacific region. 

Key Benefits

• The report provides quantitative analysis and estimations of the sodium cyanide market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future sodium cyanide market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the sodium cyanide market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Sodium Cyanide Market Key Segments

By Type 

• Solid Sodium Cyanide 

• Liquid Sodium Cyanide

By End User 

• Mining Industry

• Chemical Industry

• Pharmaceuticals Industry

• Dye and Pigments Industry

• Textile Industry

By Sales Channel

• Direct Sales

• Distributor

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The U.K.

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific 

• Rest of the World (RoW)

  • Latin America

  • Middle East 

  • Africa

Key Players

• Orica Limited

• Evonik Industries Aktiengesellschaft

• Taekwang Industries Co., Ltd.

• Mercury Chemicals Pte. Ltd.

• The Chemours Company LLC

• Asian Chemtech Private Limited

• Avonchem Ltd

• Unique Chemical Limited

• Hongye Holding Group Corporation Limited

• Cyanoco Ltd.

• Hindusthan Chemicals Company

• Draslovka Holding Co.

• Australian Gold Reagents Pty Ltd

• Hebei Chengxin Co., Ltd.

• Anhui Shuguang Chemical Group Co., Ltd.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 2.67 Billion
Revenue Forecast in 2030	USD 3.62 Billion
Growth Rate	CAGR of 5.2% 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Growing mining industry worldwide drives the market growth Increasing in chemical sale boosts the market expansion Introduction of new technology fuels the growth of the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.