Global Sodium Cyanide Market Insights and Competitive Landscape

The global sodium cyanide market was valued at USD 2.9 billion in 2025 and is projected to reach USD 5 billion by 2036. The industry is anticipated to expand at a CAGR of 5.2% during the forecast period from 2026 to 2036, driven primarily by rising demand from the gold mining sector and increasing applications in chemical manufacturing.

The chief factor behind the growth of the sodium cyanide market is the company's essential use in the extraction of gold and silver, which is backed by the continuous mining activities in both - matured and developing markets. Increased investment in exploration activities, especially in areas with undiscovered ore deposits, has extended the demand prospects for the product over the long term.

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Besides, an important factor that has contributed to the rise in demand is the decision made by the manufacturers to use sodium cyanide instead of the other leaching agents as it gives a higher recovery rate, has more reliable chemistry, and is fit for both - heap leaching and carbon-in-pulp processes.

Key Findings of the Market Report

• Solid Sodium Cyanide (Briquettes) dominated the market in 2024, accounting for roughly 70% of global consumption. Briquettes are preferred for their ease of handling, lower transport risk, and longer shelf life compared to liquid solutions.
• Mining & Metallurgy remains the primary end-user, consuming approximately 86%–90% of global production. The "cyanidation" process is the standard for over 90% of global gold production.
• Chemical Synthesis is a high-growth niche, utilizing sodium cyanide for producing nitriles, dyes, and pharmaceutical intermediates (particularly for sedatives and anticonvulsants).
• Asia-Pacific is the dominant region, holding nearly 40% of the market share in 2025, led by massive production and consumption in China and significant mining activity in Australia.

Global Sodium Cyanide Market: Growth Drivers

• Declining Ore Grades: Flagship mines are seeing head grades drop (e.g., from 0.8 g/t to 0.5 g/t), which paradoxically increases sodium cyanide demand as higher "loadings" are needed to extract the remaining gold.
• Precious Metal Prices: High gold and silver prices (Gold surpassing USD 2,000/oz) have incentivized the reopening of marginal mines and the expansion of heap-leaching projects in Africa and Central Asia.
• Expanding Pharmaceutical Use: Sodium cyanide is a critical precursor in the synthesis of specialized organic chemicals and active pharmaceutical ingredients (APIs), benefiting from the global expansion of the healthcare sector.
• Automotive Electroplating: The rise in automotive production (85 million+ vehicles annually) drives demand for sodium cyanide-based electrolytes used to apply corrosion-resistant finishes to auto parts.

Global Sodium Cyanide Market: Regional Landscape

• Asia-Pacific: The center of gravity for the market. China is the world's largest producer and consumer, while Australia is significantly expanding its domestic production capacity (e.g., Kwinana plant expansion) to serve its booming gold sector.
• North America: A mature market with high regulatory standards. The U.S. produces over 96,000 metric tons annually, with growth driven by mineral production investments and the recent consolidation of major players.
• Latin America & Africa: Emerging as key consumption hubs. Increased investment in gold mining in Mexico, Brazil, Ghana, and Sudan is driving demand for solid briquette imports from global suppliers.

Global Sodium Cyanide Market: Key Players

The market is moderately consolidated, with major chemical conglomerates leveraging global supply chains and safety certifications (ICMC).

• Orica Limited (Significantly expanded North American footprint via Cyanco acquisition)
• Draslovka Holding B.V. (Leading specialized producer and innovator in mining chemicals)
• Cyanco International LLC (Now part of Orica)
• Hebei Chengxin Group Co. Ltd. (Major Chinese producer)
• Australian Gold Reagents Pty Ltd (AGR)
• Asahi Kasei Corporation
• Evonik Industries AG
• Sasol Limited
• Taekwang Industrial Co., Ltd.
• Gujarat Alkalies and Chemicals Limited (GACL)

Key Developments (2025–2026)

• February 2026: Draslovka announced a USD 160 million investment in an Egyptian production facility to serve the emerging mining projects in the Red Sea region.
• January 2025: Orica finalized the USD 640 million acquisition of Cyanco, making it one of the largest sodium cyanide producers in the Western Hemisphere.
• Late 2024: Over 80% of new mining sites worldwide adopted solid briquette systems over liquid cyanide, reflecting a global shift toward enhanced transport safety and risk mitigation.

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Global Sodium Cyanide Market: Segmentation

By Form

• Solid (Briquettes, Pellets, Powder) — (70% Market Share)
• Liquid (Solution)

By End-Use Industry

• Mining (Gold & Silver extraction) — (Dominant)
• Chemical Synthesis (Nitriles, Plastics, Adhesives)
• Pharmaceuticals (Intermediates)
• Dye & Textiles
• Electroplating (Automotive & Electronics)

By Distribution Channel

• Direct Sales (Dominant for large-scale mining)
• Distributors / Third-Party Wholesalers
• Online Channels (Emerging for small-scale industrial users)

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