Hydrogen Cyanide Market Size, Share, Opportunities, And Trends By Type (Hydrogen Cyanide (HCN) Liquid, Hydrogen Cyanide (HCN) Gas), By Production Process (Andrussow Process, BMA, Others), By Application (Acrylonitrile, Cyanogen chloride, Acrylates and Methacrylates cyanide, Others), And By Geography - Forecasts From 2025 To 2030

Description

Hydrogen Cyanide Market Size:

Hydrogen Cyanide Market is forecasted to rise at a 3.56% CAGR, reaching USD 2.526 billion by 2030 from USD 2.121 billion in 2025.

Hydrogen Cyanide Market Trends:

The huge need to generate sodium cyanide and potassium cyanide is the key factor driving the hydrogen cyanide (HCN) market growth. The production of carboxylic acids and nitriles typically makes use of potassium and sodium cyanides. However, they are mostly used for the electroplating of these metals as well as the mining of gold and silver.

Hydrogen Cyanide Market Growth Drivers:

• Increasing Usage of Adiponitrile

The increasing usage of adiponitrile, which is utilized to generate nylon 66, which helps to produce fiber and plastics, is the main reason for boosting the demand for hydrogen cyanide. HCN is used as a raw material for adiponitrile in around 90% of cases. In applications such as the chassis, interior, exterior, and under the hood, nylon-66 is expanding in the automotive and transportation industries. An intermediate for nylon-66 is adiponitrile. Through the use of hexamethylene diamine as an intermediary, it is transformed into nylon-66. As per the International Trade Administration, the import of passenger vehicles has significantly increased in the United States from 1,59,20,75,09,889 in 2020 to 1,64,04,74,29,127 in the year 2021 which is further fueling the use of adiponitrile, thereby pushing the demand for hydrogen cyanide.

• Increasing Research Activities

A study was conducted in July 2022 to discover a sustainable method of producing sodium cyanide using a hydrogen cyanide vacuum extracted from cassava leaves. In this study, sodium cyanide was recovered from cassava leaves following 45 minutes of recovery in a vacuum at 35 to 40 degrees Celsius and 120 minutes of maceration at 30 degrees Celsius. According to the study, sodium cyanide was effectively produced by saturating a sodium hydroxide-absorbing solution with hydrogen cyanide (HCN), which is obtained from cassava leaves.

• Increasing Government Support

The US government's active promotion of hydrogen cyanide's utilization across diverse domains, including fuel cell and renewable energy production. This strategic endorsement is anticipated to accentuate the demand for hydrogen cyanide, bolstering its prominence in the nation's industrial landscape. For instance, the US Department of Energy (DOE) is funding research into the use of hydrogen cyanide as a fuel cell additive. The DOE believes that hydrogen cyanide can improve the performance of fuel cells and make them more efficient. This research is still in its early stages, but it has the potential to revolutionize the hydrogen cyanide market.

Hydrogen Cyanide Market Opportunities:

The capacity utilization data of the USA's mining industry from 2017 to 2021 reflects a nuanced landscape of opportunities and prospects for the growth of the hydrogen cyanide market. While experiencing fluctuations, this data underscores potential avenues for expansion. Amidst these variances, the consistent presence of the hydrogen cyanide market holds promise. Opportunities for growth arise from its pivotal role in mining operations and the consistent demand from sectors like electronics and chemical manufacturing. These figures highlight the necessity for continuous research into efficient hydrogen cyanide production methods, ensuring its sustained contribution to the mining industry's growth and overall economic landscape.

Hydrogen Cyanide Market Geographical Outlook:

• North America is Expected to Contribute Significantly

The bolstering growth for hydrogen cyanide is fueled by its indispensable role in various industries such as pharmaceuticals, mining, and electronics, driving demand for its diverse applications and derivatives. As the United States stands as a significant generator and consumer of synthetic fibers and plastics, it inherently presents a robust and burgeoning market for hydrogen cyanide, an elemental building block in these processes.

With prominent manufacturers like INEOS, Air Liquide, and Evonik Industries anchoring their operations in the nation, the bedrock for the hydrogen cyanide market's ascension is solidified. For instance, in 2022, INEOS announced the construction of a new hydrogen cyanide plant in Louisiana. The plant is expected to be operational by 2025 and will have a capacity of 100,000 metric tons per year.

Hydrogen Cyanide Market Player Insight:

• Evonik Industries is one of the major global players in the hydrogen cyanide market. The company has special custom manufacturing for producing intermediates for different industries like agricultural, pharmaceutical, and specialty chemicals. The company possesses unique technology, Know-How for HCN, a strategic building block for many chemicals. The company has for and back-integration technologies for forming Acroleine, water-free HCl, and other finished chemical compounds.

Hydrogen Cyanide Market Developments:

• In February 2022, several polyamides (PA) and polyphthalamide (PPA) grades that BASF acquired as part of the acquisition of Solvay's PA66 business in Europe went on sale. These technical polymers are supplied under the well-known trade name Ultramid, having formerly been sold by BASF under the brand Technyl®.
• Shandong Longhua New Material stated in April 2022 that it is planning to invest around USD 1.1 billion to build China's largest Nylon 66 facility, which would have a capacity of more than 1 million tonnes.

Hydrogen Cyanide Market Scope:

Hydrogen Cyanide Market Segmentation

• By Form
  • Liquid
  • Gas
• By Process Type
  • Andrussow Process
  • BMA (Blausaure-Methan-Ammoniak) Process
• By Application
  • Acrylonitrile
  • Cyanoden Chloride
  • Acrylates & Methacrylates Cyanide
  • Others
• By End-User
  • Mining
  • Metallurgy
  • Agriculture
  • Chemicals & Petrochemicals
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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Navigation:

• Hydrogen Cyanide Market Size:
• Hydrogen Cyanide Market Key Highlights:
• Hydrogen Cyanide Market Trends:
• Hydrogen Cyanide Market Growth Drivers:
• Hydrogen Cyanide Market Opportunities:
• Hydrogen Cyanide Market Geographical Outlook:
• Hydrogen Cyanide Market Player Insight:
• Hydrogen Cyanide Market Developments:
• Hydrogen Cyanide Market Scope:
• Our Best-Performing Industry Reports:

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. HYDROGEN CYANIDE MARKET BY FORM

5.1. Introduction

5.2. Liquid

5.3. Gas

6. HYDROGEN CYANIDE MARKET BY PROCESS TYPE

6.1. Introduction

6.2. Andrussow Process

6.3. BMA (Blausaure-Methan-Ammoniak) Process

7. HYDROGEN CYANIDE MARKET BY APPLICATION

7.1. Introduction

7.2. Acrylonitrile

7.3. Cyanoden Chloride

7.4. Acrylates & Methacrylates Cyanide

7.5. Others

8. HYDROGEN CYANIDE MARKET BY END-USER

8.1. Introduction

8.2. Mining

8.3. Metallurgy

8.4. Agriculture

8.5. Chemicals & Petrochemicals

8.6. Others

8.7. Others

9. HYDROGEN CYANIDE MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Form

9.2.2. By Process Type

9.2.3. By Application

9.2.4. By End-User

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Form

9.3.2. By Process Type

9.3.3. By Application

9.3.4. By End-User

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Form

9.4.2. By Process Type

9.4.3. By Application

9.4.4. By End-User

9.4.5. By Country

9.4.5.1. Germany

9.4.5.2. France

9.4.5.3. United Kingdom

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Form

9.5.2. By Process Type

9.5.3. By Application

9.5.4. By End-User

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Israel

9.5.5.4. Others

9.6. Asia Pacific

9.6.1. By Form

9.6.2. By Process Type

9.6.3. By Application

9.6.4. By End-User

9.6.5. By Country

9.6.5.1. China

9.6.5.2. India

9.6.5.3. Japan

9.6.5.4. South Korea

9.6.5.5. Indonesia

9.6.5.6. Thailand

9.6.5.7. Taiwan

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Evonik Industries AG

11.2. INEOS Group Ltd

11.3. Air Liquide S.A

11.4. Ascend Performance Materials Operations LLC

11.5. Hindusthan Chemicals Company

11.6. Taekwang Industry Co., Ltd.

11.7. Merck KgaA

11.8. BASF SE

11.9. AnQore

11.10. Draslovka

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Evonik Industries AG

INEOS Group Ltd

Air Liquide S.A.

Matheson Tri-Gas Inc.

Ascend Performance Materials Operations LLC

Hindusthan Chemicals Company

The Dow Chemical Company

Taekwang Industry Co Ltd.

Bluestar Adisseo

Sigma Aldrich

Kuraray Co. Ltd

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