Mining Industry to Fuel Sodium Cyanide Market Growth to USD 3.45 Billion by 2033.

05-15-2025 08:52 AM CET | Chemicals & Materials
Press release from: Persistence Market Research Report

Overview of the Market

The global sodium cyanide market is experiencing steady expansion, driven by its indispensable role in gold and silver extraction. Sodium cyanide (NaCN), a water-soluble inorganic compound, is primarily used in the mining sector due to its effectiveness as a flotation agent for metal ores. In 2023, the market was valued at USD 2,202.2 million and is projected to reach USD 3,452.9 million by 2033, growing at a CAGR of 4.6%. This growth is underpinned by rising global demand for precious metals and expanding mining operations in emerging economies.

The mining and metallurgy sector leads sodium cyanide consumption, accounting for over 90% of the compound's global usage. Regionally, the Asia-Pacific is the dominant market, with China spearheading demand due to its substantial gold production and industrial capabilities. China's increasing mining activities and its role as both a leading consumer and producer of sodium cyanide underscore the region's continued dominance through the forecast period.

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