Global Hydrogen Cyanide Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Structure Type;

Hydrogen Cyanide (HCN) Liquid and Hydrogen Cyanide (HCN) Gas.

By Application;

Sodium Cyanide & Potassium Cyanide, Adiponitrile, Acetone Cyanohydrin, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn226062782 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Hydrogen Cyanide Market (USD Million), 2020 - 2030

In the year 2023, the Global Hydrogen Cyanide Market was valued at USD 2,282.64 million. The size of this market is expected to increase to USD 2,640.08 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.1%.

The global hydrogen cyanide (HCN) market plays a crucial role in various industrial applications due to its versatility as a chemical intermediate. Hydrogen cyanide, a colorless and highly toxic liquid, is produced primarily through the Andrussow and BMA (Degussa) processes, where methane and ammonia react in the presence of a platinum catalyst. It serves as a precursor in the production of numerous chemical compounds, including adiponitrile, sodium cyanide, and methionine, which are essential in industries such as automotive, agriculture, and pharmaceuticals.

In the automotive industry, hydrogen cyanide is vital for producing nylon, a key material in tire cord manufacturing, due to its strength and durability. The increasing demand for lightweight and high-performance materials in automotive and aerospace applications has driven the market's growth. Additionally, the use of HCN in the production of sodium cyanide, a critical reagent in gold mining, underscores its importance in the mining sector. The agricultural industry also benefits from hydrogen cyanide through its role in synthesizing methionine, an essential amino acid in animal feed.

Despite its wide range of applications, the hydrogen cyanide market faces challenges, particularly concerning safety and environmental concerns. The highly toxic nature of HCN necessitates stringent safety measures during its production, storage, and transportation. Moreover, regulatory frameworks across different regions impact the market, influencing production capacities and trade dynamics. However, advancements in production technologies and increasing demand from emerging economies are expected to drive the market's growth in the coming years, alongside efforts to develop safer and more sustainable handling practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Structure Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Hydrogen Cyanide Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growth in Agrochemical Production
        2. Rising Use in Mining and Metal Processing
        3. Expansion in Pharmaceutical Applications
        4. Technological Advances in Production Methods
      2. Restraints
        1. Strict Environmental Regulations
        2. High Production and Handling Costs
        3. Limited Availability of Raw Materials
        4. Public Perception and Resistance
      3. Opportunities
        1. Development of Bio-based Alternatives
        2. Expansion in Emerging Markets
        3. Increasing Demand for Specialty Chemicals
        4. Adoption of Sustainable Production Practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hydrogen Cyanide Market, By Structure Type, 2020 - 2030 (USD Million)
      1. Hydrogen Cyanide (HCN) Gas
      2. Hydrogen Cyanide (HCN) Liquid
    2. Global Hydrogen Cyanide Market, By Application, 2020 - 2030 (USD Million)
      1. Sodium Cyanide & Potassium Cyanide
      2. Adiponitrile
      3. Acetone Cyanohydrin
      4. Others
    3. Global Hydrogen Cyanide Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Air Liquide
      2. Hindusthan Chemicals Company
      3. Matheson Tri-Gas Inc.
      4. Evonik Industries
      5. INEOS
      6. Ascend Performance Materials
      7. Triveni Chemicals
  7. Analyst Views
  8. Future Outlook of the Market