Transparency Market Research in its new report titled, “Hydrogen Cyanide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the hydrogen cyanide market. The TMR report anticipates that the rise in the demand for manufacturing of sodium cyanide and potassium cyanide, used in the mining of silver and gold will drive the hydrogen cyanide market during the forecast period i.e, 2018-2026. Another key driver of the hydrogen cyanide market is its increasing use in production of adiponitrile, which is the precursor to manufacture nylon 66. However, a major restraint the hydrogen cyanide market encounters is the highly toxic nature of the compound, which makes it difficult for transportation or storage, says the report.
Hydrogen cyanide is used to manufacture sodium cyanide and potassium cyanide, used mainly in gold and silver mining and for electroplating of those metals. HCN is added to butadiene to produce adiponitrile, a precursor to Nylon-6,6. Hydrocyanic acid is primarily used to manufacture products such as acrylonitrile, adiponitrile, cyanogen chloride, cyanuric chloride, acrylates and methacrylates, cyanide, and ferrocyanide. It is also used as an insecticide and rodenticide, usually by fumigation. Furthermore, various chelating agents such as EDTA and NTA are manufactured using hydrogen cyanide. Hydrogen cyanide forms in limited amounts from many combinations of hydrogen, carbon, and ammonia. It is currently produced in great quantities through several processes and is also recovered as a waste product from the manufacturing of acrylonitrile.
The TMR report has split the hydrogen cyanide market on the basis of structure type into hydrogen cyanide liquid and hydrogen cyanide gas. HCN is obtainable from fruits that have a pit, such as cherries, apricots, apples, and bitter almonds, from which almond oil and flavoring are made. Hydrogen cyanide is extremely toxic in nature and hence, most of it is consumed at the production site. Thus, there is no trade or transport for hydrogen cyanide. In terms of geography, the hydrogen cyanide market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The hydrogen cyanide market in North America is mainly driven by the moderate growth in the production of sodium cyanide and adiponitrile in the region. In Europe, the hydrogen cyanide market is anticipated to grow at sluggish pace during the forecast period. However, Asia Pacific is expected to exhibit steady growth owing to usage of hydrogen cyanide in the production of adiponitrile in the region. In Asia Pacific, China is expected to emerge as the dominant consumer of hydrogen cyanide during the forecast period.
Major manufacturers of the hydrogen cyanide market are profiled in this report to give a better competitive analysis and these the BP Chemicals, DuPont, and HINDUSTHAN CHEMICALS COMPANY, and Ascend Performance Materials.
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