Product Code: ETC210516 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India sodium cyanide market import shipment experienced a significant decline with a CAGR of -30.6% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by 48.0%, indicating a sharp slowdown in imports. The market exhibited a clear trend of contraction, losing momentum over the years.
Sodium cyanide, an essential chemical compound in gold mining and other industrial processes, has a notable presence in the India market. It is used for extracting gold and other precious metals from ores. As India continues to explore and exploit its mineral resources, the demand for sodium cyanide remains significant. The market`s growth is intertwined with the country`s mining and metallurgical activities.
The India sodium cyanide market is growing, primarily due to its applications in the mining industry. Sodium cyanide is a crucial chemical in gold extraction and other precious metal mining processes. The increasing demand for gold and precious metals is driving the market, as mining operations expand in India. Additionally, the chemical industry uses sodium cyanide in various chemical synthesis processes. The growth of these sectors is expected to fuel the sodium cyanide market further.
The India sodium cyanide market is challenged by safety concerns, environmental regulations, and limited domestic production. Sodium cyanide is a highly toxic substance, necessitating stringent safety measures in handling and transportation. Compliance with environmental regulations regarding its use and disposal poses challenges for businesses. Dependence on imports due to limited domestic production can lead to supply chain vulnerabilities.
The market for sodium cyanide faced disruptions in gold mining operations. Recovery was observed as gold prices rose, leading to increased mining activity.
In the India Sodium Cyanide market, several major players are involved in the production and supply of this critical chemical compound. Notable companies like Cyanco, Orica Limited, and The Chemours Company are key players in the sector. They provide sodium cyanide primarily for the gold mining industry, supporting India mining operations and the extraction of precious metals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Sodium Cyanide Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Sodium Cyanide Market Revenues & Volume, 2021 & 2031F |
3.3 India Sodium Cyanide Market - Industry Life Cycle |
3.4 India Sodium Cyanide Market - Porter's Five Forces |
3.5 India Sodium Cyanide Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 India Sodium Cyanide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from the mining industry for gold extraction |
4.2.2 Growth in the chemical industry, particularly in the production of dyes and pigments |
4.2.3 Rise in the usage of sodium cyanide in the pharmaceutical sector for various applications |
4.3 Market Restraints |
4.3.1 Stringent regulations and environmental concerns related to the use of sodium cyanide |
4.3.2 Fluctuations in raw material prices, such as natural gas and ammonia, impacting the production cost |
4.3.3 Competition from alternative chemicals and technologies for similar applications |
5 India Sodium Cyanide Market Trends |
6 India Sodium Cyanide Market, By Types |
6.1 India Sodium Cyanide Market, By End-user Industry |
6.1.1 Overview and Analysis |
6.1.2 India Sodium Cyanide Market Revenues & Volume, By End-user Industry, 2021-2031F |
6.1.3 India Sodium Cyanide Market Revenues & Volume, By Mining, 2021-2031F |
6.1.4 India Sodium Cyanide Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.5 India Sodium Cyanide Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 India Sodium Cyanide Market Import-Export Trade Statistics |
7.1 India Sodium Cyanide Market Export to Major Countries |
7.2 India Sodium Cyanide Market Imports from Major Countries |
8 India Sodium Cyanide Market Key Performance Indicators |
8.1 Number of new mining projects in India using sodium cyanide |
8.2 Adoption rate of sodium cyanide in emerging applications within the chemical and pharmaceutical sectors |
8.3 Investment in research and development for improved sodium cyanide formulations and production processes |
9 India Sodium Cyanide Market - Opportunity Assessment |
9.1 India Sodium Cyanide Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 India Sodium Cyanide Market - Competitive Landscape |
10.1 India Sodium Cyanide Market Revenue Share, By Companies, 2024 |
10.2 India Sodium Cyanide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |