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Hydrogen Cyanide Market Size (2024 - 2029)

The hydrogen cyanide market is projected to experience growth over the forecast period, driven primarily by its application in the production of adiponitrile, which is essential for nylon 66 manufacturing. Despite the challenges posed by its toxic nature, the market's expansion is supported by the rising demand for sodium and potassium cyanide. Opportunities are anticipated in untapped markets for the production of chelating agents. North America is expected to lead in market dominance, while the Asia-Pacific region is predicted to exhibit the fastest growth.

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Market Size of Hydrogen Cyanide Industry

Hydrogen Cyanide Market Summary
Study Period 2019 - 2029
Market Volume (2024) 2.39 Million tons
Market Volume (2029) 2.62 Million tons
CAGR (2024 - 2029) > 1.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Hydrogen Cyanide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Hydrogen Cyanide Market Analysis

The Hydrogen Cyanide Market size is estimated at 2.39 Million tons in 2024, and is expected to reach 2.62 Million tons by 2029, growing at a CAGR of greater than 1.5% during the forecast period (2024-2029).

The majority of the hydrogen cyanide manufactured is used as a raw material for adiponitrile production, which is used in producing nylon 66 for fiber and plastic production. Adiponitrile (AND) is used to make hexamethylene diamine (HMDA), the majority of which (approximately 92%) is used to make nylon 6,6 fibers and resins.

Over the medium term, the major factors driving market growth were the high demand for sodium and potassium cyanide and the increasing use of hydrogen cyanide in producing adiponitrile.

On the flip side, the highly toxic nature of hydrogen cyanide hampers the market's growth studied.

Its use in the production of chelating agents in untapped markets is likely to present opportunities in the future.

North America is expected to dominate the global hydrogen cyanide market, while the Asia-Pacific region is expected to be the fastest-growing market during the forecast period.

Hydrogen Cyanide Industry Segmentation

Hydrogen cyanide is a colorless, extremely poisonous, and flammable liquid that boils slightly above room temperature.

The hydrogen cyanide market is segmented by structure type, application, and geography. By structure type, the market is segmented into hydrogen cyanide liquid and hydrogen cyanide gas. By application, the market is segmented into sodium cyanide and potassium cyanide, adiponitrile, acetone cyanohydrin, and other applications. The report offers market size and forecasts for 22 countries across major regions.

For each segment, market sizing and forecasts have been done on the basis of volume (tons). Hydrogen cyanide is a colorless, extremely poisonous, and flammable liquid that boils slightly above room temperature.

The hydrogen cyanide market is segmented by structure type, application, and geography. By structure type, the market is segmented into hydrogen cyanide liquid and hydrogen cyanide gas. By application, the market is segmented into sodium cyanide and potassium cyanide, adiponitrile, acetone cyanohydrin, and other applications. The report offers market size and forecasts for 22 countries across major regions.

For each segment, market sizing and forecasts have been done on the basis of volume (tons).

Structure Type
Hydrogen Cyanide Liquid
Hydrogen Cyanide Gas
Application
Sodium Cyanide and Potassium Cyanide
Adiponitrile
Acetone Cyanohydrin
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Thailand
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Russia
Turkey
NORDIC Countries
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Hydrogen Cyanide Market Size Summary

The hydrogen cyanide market is poised for moderate growth over the forecast period, driven primarily by its critical role as a precursor in the production of adiponitrile, which is essential for manufacturing nylon 66. This demand is further bolstered by the high consumption of sodium and potassium cyanide in various industrial applications, including electroplating and metal mining. Despite its toxic nature posing challenges to market expansion, the potential for hydrogen cyanide's use in producing chelating agents presents new opportunities. North America is anticipated to lead the market, with the Asia-Pacific region emerging as the fastest-growing area, reflecting a dynamic shift in global demand patterns.

The market landscape is characterized by a partial consolidation, with key players such as INVISTA, Evonik Industries, and INEOS dominating the scene. The United States stands out as a significant exporter, with its hydrogen cyanide demand driven by its extensive mining activities and agricultural sector. The plastic industry's reliance on acetone cyanohydrin further fuels market consumption. Meanwhile, geopolitical and economic factors, including the aftermath of Russia's invasion of Ukraine, have impacted global supply chains, influencing market dynamics. As the industry navigates these challenges, the overall outlook remains positive, with anticipated growth in both established and emerging markets.

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Hydrogen Cyanide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Favorable Demand for Manufacturing of Sodium Cyanide and Potassium Cyanide

      2. 1.1.2 Increasing Usage of Hydrogen Cyanide for the Production of Adiponitrile

    2. 1.2 Restraints

      1. 1.2.1 Highly Toxic Nature of Hydrogen Cyanide

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Structure Type

      1. 2.1.1 Hydrogen Cyanide Liquid

      2. 2.1.2 Hydrogen Cyanide Gas

    2. 2.2 Application

      1. 2.2.1 Sodium Cyanide and Potassium Cyanide

      2. 2.2.2 Adiponitrile

      3. 2.2.3 Acetone Cyanohydrin

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Indonesia

        6. 2.3.1.6 Malaysia

        7. 2.3.1.7 Thailand

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Russia

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 NORDIC Countries

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Hydrogen Cyanide Market Size FAQs

The Hydrogen Cyanide Market size is expected to reach 2.39 million tons in 2024 and grow at a CAGR of greater than 1.5% to reach 2.62 million tons by 2029.

In 2024, the Hydrogen Cyanide Market size is expected to reach 2.39 million tons.

Hydrogen Cyanide Market Report Snapshots

Hydrogen Cyanide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)