Global Hydrogen Cyanide Market Trends, Applications, Analysis, Growth, and Forecast to 2026
The Hydrogen Cyanide report Overview:
“The global Hydrogen Cyanide Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The Hydrogen Cyanide report offers in-depth insights, revenue details, and other vital information regarding the target market, and various trends, drivers, restraints, opportunities, and threats till 2026.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global hydrogen cyanide market report has been segmented on the basis of product type, application, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Hydrogen cyanide is also called as prussic acid; is an organic compound with chemical formula HCN. It is a colorless, extremely poisonous liquid, with boiling point 25.6 °C. Hydrogen cyanide is a linear molecule, with a triple bond between carbon and nitrogen. Hydrogen cyanide is weakly acidic in nature, and partly ionizes in water solution to give the cyanide anion, CN.
Hydrogen cyanide is found in smoke of tobacco products. Hydrogen cyanide is one of the most widely used chemicals worldwide. HCN used in, various industrial processes and is a highly valuable precursor to various chemical compounds such as polymers and, pharmaceuticals.
Hydrogen cyanide is majorly, used in manufacture sodium cyanide and potassium cyanide, and in gold and silver mining and for electroplating of those metals. HCN is added to butadiene to produce adiponitrile which is a precursor Nylon-6,6. In addition, chelating agents such as EDTA, and NTA are manufactured by using hydrogen cyanide.
Hydrogen cyanide is broadly consumed in manufacturing of sodium cyanide and potassium cyanide as a raw material, and is also used in the extraction of metals from their ores. This is a major factor, expected to fuel growth of the global hydrogen cyanide market, over the forecast period.
In addition, increasing use of hydrogen cyanide, in production of adiponitrile, which is the precursor to manufacture nylon 66, is projected to boost growth of the target market.
However, a major restraint the hydrogen cyanide market is its highly toxic nature, which makes it difficult for transportation as well as for storage.
Hydrogen cyanide is extremely poisonous to humans as it interferes with ATP (adenosine triphosphate); the main energy storage molecule in the body that brings the body's metabolism to a halt resulting in death, which is a major factor hampering the growth of the global hydrogen cyanide market.
Currently market in, North America is expected to lead the global hydrogen cyanide market followed by Europe and Asia-Pacific, owing to rising demand for hydrogen cyanide based nutritional additives in the region. Also, the market in North America is expected to witness moderate growth and is expected to register a CAGR of X.X% during the forecast period.
Global hydrogen cyanide market segmentation:
By product type:
- Hydrogen Cyanide (HCN) Liquid
- Hydrogen Cyanide (HCN) Gas
- Acetone Cyanohydrin
- Cyanuric Chloride
- Others (Sodium Cyanide and DL-Methionine)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Butachimie SNC
- Evonik Industries AG
- INEOS Group Ltd.
- Dow Chemical Company
- I. du Pont de Nemours and Company
- Cyanco Corporation
- Cornerstone OnDemand, Inc.
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