HTF Market Intelligence recognizes the following companies as the key players in the global sodium cyanide market: Asahi Kasei, The Chemours Company, Cyanco, Orica, Royal DSM, and SASOL
Other Prominent Vendors in the market are: Anhui Shuguang Chemical, Australian Gold Reagents, Gujarat Alkalies and Chemical, HeBei ChengXin, Korund, LUKOIL, TAEKWANG INDUSTRIAL, TSPC, and UNIGEL UK.
Commenting on the report, an analyst from HTF Market team said: “The latest trend gaining momentum in the market is Decrease in gold production. The global gold supply fell by 2.8% every year. After the initial falls in Asia, gold traded sideways and then gradually ticked higher later in the Asian session and has been further increasing in Europe. South Africa’s gold production continues to fall. It is predicted that, with time, gold production in China, which is a leading buyer and producer of gold in APAC, will decline due to reduction in production because of the shutdown of older mines.”
According to the report, one of the major drivers for this market is Simpler manufacturing processes of sodium cyanide. Sodium cyanide is produced easily in a one-step reaction. The industrial production of sodium cyanide is carried out using the Andrussow method or the Castner Kellner process, which is widely adopted and commercially accepted processes for the manufacture of sodium cyanide across the globe.
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The analysts forecast the global sodium cyanide market to grow at a CAGR of 5.14% during the period 2017-2021.
Further, the report states that one of the major factors hindering the growth of this market is High toxicity level. Cyanide is toxic in large doses and is regulated in many countries worldwide to protect humans, animals, and the aquatic environment. It prevents the living cells from using oxygen, resulting in suffocation. Cyanide poisoning may be fatal to humans and animals if prompt first-aid treatment is not provided. Various long-term health effects, such as goiter and poor thyroid function, have been noticed in people who consume a diet comprising cyanide-containing plants such as cassava.
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be
• What are the key market trends
• What is driving this market
• What are the challenges to market growth
• Who are the key vendors in this market space
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.htfmarketreport.com/reports/731797-global-sodium-cyanide-market-6
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