Global sodium cyanide market size is projected to grow at a CAGR of 6.4% p.a. to reach USD2,112mln by 2028. Asia Pacific region dominates the sodium cyanide global market share, driven by robust demand from gold extraction & chemical industry. Australia is the second largest gold producer in Asia Pacific and the third largest globally, it is expected to overtake China in terms of gold production in the near future due to expansion plans.Indonesia holds immense mineral reserves (9th largest gold producer globally), the government has been promoting and offering attractive investment opportunities to domestic and foreign investors.
Global sodium cyanide market is consolidated, with top 10 players accounting for >60% of global production capacities market share.
Global sodium cyanide prices have risen by 25%-30% across global markets, driven by rising input material and transport costs.
