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Hydrogen Cyanide Market Size, Industry Trends Report | 2031

Hydrogen Cyanide Market

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Segments - by Category (Hydrogen Cyanide (HCN) Liquid, Hydrogen Cyanide (HCN) Gas) Application (Acetone cyanohydrin, Adiponitrile, Sodium cyanide, DL-Methionine, Cyanuric chloride) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

Report ID: MC-689
Author: Growth Market Reports

Rating: 4.5
Total Reviews: 72

No. Of Pages: 170
Format:

Pub. Date: Upcoming
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Report Description

The hydrogen cyanide market size was USD 1.20 Billion in 2022 and is likely to reach USD 1.46 Billion by 2031, expanding at a CAGR of 2.2% during 2023–2031. The growth of the market is attributed to its huge demand for manufacturing of potassium cyanide and sodium cyanide. Hydrogen cyanide is further used in production of Adiponitrile.

Hydrogen cyanide (HCN) is a chemical compound also known as prussic acid. It is obtainable in the form of colourless gas or toxic liquid which is extremely poisonous in nature. It is a linear molecule along triple bond between nitrogen and carbon. It is further detected in the smoke of several tobacco products and combustion of nitrogen-containing organic materials.

HCN has several properties and is used in various industrial activities and it is also a valuable precursor to various chemical compounds, which ranges from polymers to pharmaceuticals. It is available in fruits which consist of a pit, such as apricots, cherries, bitter almonds and apples. Hydrogen cyanide is highly toxic in nature and most of it is devoured during and after production. Thus, transportation of r hydrogen cyanide is not possible.

HCN is primarily used to manufacture potassium cyanide and sodium cyanide which is further used in silver and gold mining and electroplating for the same. HCN when added to butadiene aids in the production of adiponitrile which is a precursor to Nylon-6,6. Hydrocyanic acid is used in production of cyanogen chloride, cyanuric chloride, acrylates and methacrylates, acrylonitrile, adiponitrile, cyanide, and ferrocyanide.. It also aids in manufacturing various chelating agents such as NTA and EDTA. HCN is structured in restricted amounts from numerous combinations of carbon, hydrogen and ammonia. At present it is produced in huge quantities through various techniques and process and is further recovered as a waste product from the production of acrylonitrile.

The Covid-19 pandemic had an unpleasant impact on the hydrogen cyanide market. The production has been on halt and both the demand and supply ware affected. The market suffered considerable loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

Rising demand of sodium cyanide and potassium cyanide is anticipated to drive the market growth over the forecast period.
HCN is used in manufacturing sodium cyanide and potassium cyanide which is further used for mining of gold and silver, these properties of HCN is projected to propel the market growth.
HCN is also used in production of adiponitrile, which is the precursor to manufacture nylon 66.
The highly toxic nature of hydrogen cyanide, makes it difficult for transportation or storage which is expected to impede the market growth.
Hydrogen cyanide is extremely poisonous to human which also act as a restraint for hydrogen cyanide market.
R&D investment and technological advancement in hydrogen cyanide sector are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the hydrogen cyanide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Hydrogen Cyanide Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Category (Hydrogen Cyanide (HCN) Liquid and Hydrogen Cyanide (HCN) Gas) Application (Acetone cyanohydrin, Adiponitrile, Sodium cyanide, DL-Methionine and Cyanuric chloride)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Invista, Butachimie, Evonik, INEOS, DowDuPont, Adisseo, Cyanco, Cornerstone Chemical, Sterling Chemicals, CSBP, Asahi Kasei, Mitsubishi Chemical, Kuraray, Sumitomo Chemical

Market Segment insights

The hydrogen cyanide (HCN) liquid segment is projected to constitute a large market share

Based on category, the hydrogen cyanide market is segregated into hydrogen cyanide (HCN) liquid and hydrogen cyanide (HCN) gas. The hydrogen cyanide (HCN) liquid segment is expected to account for a key share of the market during the forecast period owing to its applications and features which includes production of sodium cyanide and potassium cyanide.

Adiponitrile segment is expected to register a substantial CAGR

Based on application, the hydrogen cyanide market is divided into acetone cyanohydrin, adiponitrile, sodium cyanide, DL-methionine and cyanuric chloride. The adiponitrile segment accounts for a key share of the market and is estimated to propel over the forecast period owing to its applications which includes mining of gold and silver.

Asia pacific is expected to dominate the market

In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to expand at a robust CAGR during the forecast period. The usage of hydrogen cyanide in the production of adiponitrile in the region is the key factor driving the market expansion. In Asia Pacific, China is expected to emerge as the dominant consumer of hydrogen cyanide during the forecast period. However, the market of North America is expected to exhibit a rapid growth rate in the coming years owing to moderate growth in the production of sodium cyanide and adiponitrile in the region.

Segments

The hydrogen cyanide market has been segmented on the basis of:-

Applications

Acetone cyanohydrin
Adiponitrile
Sodium cyanide
DL-Methionine
Cyanuric chloride

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Companies

Invista
Butachimie
Evonik
INEOS
DowDuPont
Adisseo
Cyanco
Cornerstone Chemical
Sterling Chemicals
CSBP
Asahi Kasei
Mitsubishi Chemical
Kuraray
Sumitomo Chemical

Competitive Landscape

Key players competing in the hydrogen cyanide market include Invista, Butachimie, Evonik, INEOS, DowDuPont, Adisseo, Cyanco, Cornerstone Chemical, Sterling Chemicals, CSBP, Asahi Kasei, Mitsubishi Chemical, Kuraray, Sumitomo Chemical.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Hydrogen Cyanide Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrogen Cyanide Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Hydrogen Cyanide Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Hydrogen Cyanide Market - Supply Chain
  4.5. Global Hydrogen Cyanide Market Forecast
     4.5.1. Hydrogen Cyanide Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Hydrogen Cyanide Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Hydrogen Cyanide Market Absolute $ Opportunity
5. Global Hydrogen Cyanide Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Hydrogen Cyanide Market Size and Volume Forecast by Applications
     5.3.1. Acetone cyanohydrin
     5.3.2. Adiponitrile
     5.3.3. Sodium cyanide
     5.3.4. DL-Methionine
     5.3.5. Cyanuric chloride
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Hydrogen Cyanide Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Hydrogen Cyanide Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Hydrogen Cyanide Demand Share Forecast, 2019-2026
7. North America Hydrogen Cyanide Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Hydrogen Cyanide Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Hydrogen Cyanide Market Size and Volume Forecast by Applications
     7.4.1. Acetone cyanohydrin
     7.4.2. Adiponitrile
     7.4.3. Sodium cyanide
     7.4.4. DL-Methionine
     7.4.5. Cyanuric chloride
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Hydrogen Cyanide Demand Share Forecast, 2019-2026
8. Latin America Hydrogen Cyanide Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Hydrogen Cyanide Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Hydrogen Cyanide Market Size and Volume Forecast by Applications
     8.4.1. Acetone cyanohydrin
     8.4.2. Adiponitrile
     8.4.3. Sodium cyanide
     8.4.4. DL-Methionine
     8.4.5. Cyanuric chloride
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Hydrogen Cyanide Demand Share Forecast, 2019-2026
9. Europe Hydrogen Cyanide Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Hydrogen Cyanide Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Hydrogen Cyanide Market Size and Volume Forecast by Applications
     9.4.1. Acetone cyanohydrin
     9.4.2. Adiponitrile
     9.4.3. Sodium cyanide
     9.4.4. DL-Methionine
     9.4.5. Cyanuric chloride
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Hydrogen Cyanide Demand Share Forecast, 2019-2026
10. Asia Pacific Hydrogen Cyanide Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Hydrogen Cyanide Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Hydrogen Cyanide Market Size and Volume Forecast by Applications
     10.4.1. Acetone cyanohydrin
     10.4.2. Adiponitrile
     10.4.3. Sodium cyanide
     10.4.4. DL-Methionine
     10.4.5. Cyanuric chloride
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Hydrogen Cyanide Demand Share Forecast, 2019-2026
11. Middle East & Africa Hydrogen Cyanide Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Hydrogen Cyanide Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Hydrogen Cyanide Market Size and Volume Forecast by Applications
     11.4.1. Acetone cyanohydrin
     11.4.2. Adiponitrile
     11.4.3. Sodium cyanide
     11.4.4. DL-Methionine
     11.4.5. Cyanuric chloride
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Hydrogen Cyanide Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Hydrogen Cyanide Market: Market Share Analysis
  12.2. Hydrogen Cyanide Distributors and Customers
  12.3. Hydrogen Cyanide Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Invista
     12.4.2. Butachimie
     12.4.3. Evonik
     12.4.4. INEOS
     12.4.5. DowDuPont

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