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 2023 To 2028

The hydrogen cyanide market was evaluated at US$1,850.700 million in 2021 and will grow at a CAGR of 4.13% to be worth US$2,457.550 million by 2028.

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.

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.

Opportunities in the Market

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.

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.

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 speciality 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.

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:

 

Report Metric	Details
Market Size Value in 2021	US$1,850.700 million
Market Size Value in 2028	US$2,457.550 million
Growth Rate	CAGR of 4.13% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Million
Segments Covered	Type, Production Process, Application, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	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
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• 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
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

---

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Sources

2.3. Research Design

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. HYDROGEN CYANIDE MARKET, BY TYPE

5.1. Introduction

5.2. Hydrogen Cyanide (HCN) Liquid

5.3. Hydrogen Cyanide (HCN) Gas

6. HYDROGEN CYANIDE MARKET, BY PRODUCTION PROCESS

6.1. Introduction

6.2. Andrussow Process

6.3. BMA

6.4. Others

7. HYDROGEN CYANIDE MARKET, BY APPLICATION

7.1. Introduction

7.2. Acrylonitrile

7.3. Cyanogen Chloride

7.4. Acrylates and Methacrylates Cyanide

7.5. Others

8. HYDROGEN CYANIDE MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Production Process

8.2.3. By Application

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Production Process

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina 

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Production Process

8.4.3. By Application

8.4.4. By Country

8.4.4.1. Germany

8.4.4.2. France

8.4.4.3. UK

8.4.4.4. Spain

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Production Process

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Israel

8.5.4.4. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Production Process

8.6.3. By Application

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Indonesia

8.6.4.6. Taiwan

8.6.4.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Evonik Industries AG

10.2. INEOS Group Ltd

10.3. Air Liquide S.A.

10.4. Matheson Tri-Gas Inc.

10.5. Ascend Performance Materials Operations LLC

10.6. Hindusthan Chemicals Company

10.7. The Dow Chemical Company

10.8. Taekwang Industry Co Ltd.

10.9. Bluestar Adisseo

10.10. Sigma Aldrich

10.11. Kuraray Co. Ltd

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