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Sodium Cyanide
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Report Coverage

  • Supply–Demand Trends and Outlook
  • Cost Structure Analysis
  • Exhaustive Supplier List

Production Size

Production Size North America

0.194 MMT

Production Size Europe

1,04,000 MT

Production Size Asia Pacific (APAC)

6,10,000 MT

Production Size Latin America (LATAM)

17,000 MT

Table of contents

  1. Sodium Cyanide Executive Summary
  2. Executive Summary
  1. Market Analysis
  2. Value Chain Analysis
  3. Global Market Outlook
  4. - Current Market Size
  5. - Demand - Supply Trends and Forecast
  6. - Key End - use Industries
  7. - Trade Dynamics
  8. Regional Market Outlook (US, Europe, and Asia)
  9. - Current Market Size
  10. - Demand - Supply Trends and Forecast
  11. - Key End - use Industries
  12. - Trade Dynamics
  1. Sodium Cyanide Industry Analysis
  2. Industry Outlook (US, Europe, and Asia)
  3. - Industry Drivers and Constraints
  4. - M&As
  5. - Innovations
  6. - Porter's Five Forces Analysis
  1. Cost Analysis (US, Europe, and Asia)
  2. - Cost Structure Analysis
  3. - Cost Drivers
  1. Sodium Cyanide Supplier Analysis
  2. Key Global and Regional suppliers
  3. Key Supplier's Capability Analysis
  4. - Capacity
  5. - Available Capacity
  6. - Product Portfolio
  7. - Expansions
  8. Geographical Footprint
  9. Supplier Market Share: Global
  10. Detailed Supplier Profiling of Top Five Global Suppliers
  11. - SWOT Analysis for the Top Five Global Suppliers
  12. - Financial Risk for Top Five Global Suppliers (if publicly listed)
  1. Sodium Cyanide Industry Best Practices
  2. Sodium Cyanide: Contract Structure

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Global Sodium Cyanide Market Outlook

  • Global sodium cyanide capacity stood at 1,246 Thousand MT during 2017. The market is oversupplied in major markets, like the US, Europe, and APAC
  • Capacity expansion is expected to increase in North America; however, in other regions, no such capacity expansions are expected
  • The sodium cyanide market share is split as follows: North America: 15 percent, EU: 8 percent and APAC: 50 percent.
  • Raw material accounts for more than 60 percent of the cost of cyanide across all the major markets.
  • The global sodium cyanide market capacity was 1,246 Thousand MT in 2018 and the global demand is expected to witness a CAGR of 4.1 percent by 2022
  • Sodium cyanide contract prices are fixed, based on the feedstock cost and the conversion involved in the manufacturing of resin.
  • The widely used industry pricing methodology is: Sodium Cyanide Price = Feedstock Cost + Conversion Cost + Producer Margin

 sodium-cyanide-global-market-size

Global Capacity–Demand Analysis

Sodium cyanide demand from the gold mining industry constitutes only for approx. 7–8 percent of the total cyanide demand. Sodium cyanide is a low-volume buying downstream segment for both the caustic soda and ammonia markets

Capacity 

  • The global sodium cyanide market is oversupplied with 456 Thousand MT of excess capacity in 2017
  • About 55 percent of the new capacity expansion occurred in the US, while 42 percent occurred in APAC during 2014–2015

Demand 

  • The precious metal mining industry is expected to grow at a CAGR of 3–4 percent in Africa and 2–3 percent in the APAC and Oceania regions, facilitating a similar growth in sodium cyanide consumption
  • Demand from these regions will serve the key drivers for the global sodium cyanide trade
  • The US mining industry is expected to increase marginally in the coming years, followed by favorable policy changes

Global Demand by Application

  • Mining industry buyers will continue to hold maximum bargaining potential, owing to positive growth rate and high volume
  • Demand from small-volume applications, like chemical intermediates and performance materials, is expected to remain on a higher note
  • Growth in demand for sodium cyanide from electroplating is expected to slowdown, owing to the increasing awareness about its ill effects

Downstream Demand Outlook

Mining Industry 

  • The industry will remain as a key demand driver for sodium cyanide across the globe
  • Given the volume and better pricing recieved by sodium cyanide producers from the mining industry, buyers from the sector will hold the maximum negotitation potential

Electroplating 

  • Sodium cyanide is been widely used by electroplating companies across the world for its better blending properties
  • Sodium cyanide demqnd is expected to decrease, as it is being increasingly replaced by other product-specific subsititutes
  • There is increasing awareness about the harmful after-effects of sodium cyanide plating. So, demand from this industry is expected to be less
  • Demand from other industries, like research, chemical intermediates, and performance additives, is expected to remain high

Industry Drivers and Constraints

Drivers

Mining Activity and Investment Markets

  • Increase in mining activity would mean an increase in demand for sodium cyanide
  • Any unfavorable movement in the cash market would increase the investment in gold and other precious metals. This, in turn, would increase the demand for sodium cyanide by manifold

Environmental Regulations

  • Stringent environmental regulations had increased the production cost of sodium cyanide
  • Regulations have impacted both production and distribution of the material
  • Recent example of Cyanco' s rail road building issue can be stated for increase in regulations and awareness among the public about having a sodium cyanide supply chain in their vicinity

Market Overview

The sodium cyanide market size is expected to expand steadily until 2022, driven by demand from the mining sector.The market growth, in terms of volume, is higher than that of the growth, in terms of dollar value, mainly due to the prevailing excess supply.Majority of sodium cyanide imports to Africa comes from South Korea and Australia, which are basically AGA trade routes.Raw material, especially hydrogen cyanide, is the major driver of the price of cyanide.

The production cost of sodium cyanide is lower in the US and Australia when compared to other regions, due to low raw material cost.Utility cost contributes to about 9–16 percent of the total production cost of cyanide and labor cost contributes to about 3–7 percent. On a global scale, the sodium cyanide market is consolidated with top four players; holding nearly 50 percent of the capacity share.

Why You Should Buy This Report

The report gives the global and regional market outlook, supply-demand trend analysis and Porter’s five force report of areas like North America, Europe and Asia. It lists out the industry drivers and constraints and provides the cost structure analysis of sodium cyanide. It gives supplier profile and SWOT analysis of key global players like Anhui Shuguang Chemical Group, Cyanco, Hebei Chengxin, etc.

Sodium Cyanide Market Frequently Asked Questions

  1. Who are the global sodium cyanide suppliers according to Beroe?
  2. As per Beroe’s analysis, 3 leading suppliers of sodium cyanide are Anhui Shuguang, Cyanco, and Hebei Chengxin.

 

  1. Who are the top leaders in the sodium cyanide market from the market size perspective?
  2. According to Beroe Inc, the two key players that rule the sodium cyanide market based on their production size are Europe and the Asia Pacific. Europe and Asia Pacific sodium cyanide market valuation stands at 1,04,000 MT and 6,10,000MT respectively with the bottom two places captured by Latin America at 17,000 MT and North America at 0.94 MT

 

  1. How does one determine the industrial costing of sodium cyanide?
  2.  The widely used formulae for determining the industrial pricing of sodium cyanide is given by:
    -- Sodium Cyanide Price = Feedback Cost + Conversion Cost + Producer Margin
    -- It’s interesting to note that the contract prices of sodium cyanide are fixed, based on the feedstock cost and the conversion involved in the manufacturing of resin.

 

  1.  What factors influence the sodium cyanide cost?
  2. Since there’s a considerable demand from the mining sector, the market size of sodium cyanide promises a steady growth until 2022. The market growth (in terms of volume) is greater than that of the growth of dollar value due to excess supply. Both South Korea and Australia are the leading sodium cyanide manufacturers who import the majority of their supplies to Africa. The general production cost of sodium cyanide is lower in the U.S. and Australia due to low raw material costs. Other than production cost, both utility cost and labor cost contribute about 9 – 16 percent and 3 – 7 percent of share respectively in the total production cost.

 

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