Global Hydrogen Cyanide (HCN) Market 2024

Global Hydrogen Cyanide (HCN) Market 2024

Hydrogen Cyanide (HCN) is a highly volatile and extremely poisonous liquid in its liquid form, characterized by a colorless appearance and a bitter, almond-like odor. It is also flammable, water-soluble, and exhibits high volatility.

The market for Hydrogen Cyanide Liquid is predominantly driven by its significant applications in industries such as adiponitrile sodium cyanide and methyl methacrylate. Adiponitrile, used extensively in nylon 66 production for fibers and plastics, holds the largest share in the application segment. The production of adiponitrile accounts for a substantial portion of hydrogen cyanide usage, making it a crucial raw material in this sector.

North America stands out as a key region in the global hydrogen cyanide market, primarily due to the robust demand for sodium cyanide, adiponitrile, and methyl methacrylate. This demand is propelling market growth in the region.

Market drivers include the favorable demand for sodium cyanide and potassium cyanide manufacturing, along with the increasing use of hydrogen cyanide in adiponitrile production. However, the highly toxic nature of hydrogen cyanide poses a significant restraint to market growth.

The global hydrogen cyanide market is expected to increase by 0.3 million tons, at a compound annual growth rate (CAGR) of 1.9% from 2024 to 2030, according to the latest edition of the Global Hydrogen Cyanide Market Report.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the type, application, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global hydrogen cyanide market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for hydrogen cyanide can be segmented by type: hydrogen cyanide liquid, hydrogen cyanide gas. The hydrogen cyanide liquid segment captured the largest share of the market in 2023, representing more than 60.8% of the total market.

Hydrogen cyanide market is further segmented by application: sodium cyanide and potassium cyanide, adiponitrile, acetone cyanohydrin, other applications. The adiponitrile segment held the largest share of the global hydrogen cyanide market in 2023, representing more than 40.9% of the total market.

Based on region, the hydrogen cyanide market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the highest share in the global hydrogen cyanide market. However, Asia-Pacific is forecast to register the highest CAGR during the forecast period 2024 - 2030.

The report also provides a detailed analysis of several leading hydrogen cyanide market vendors that include Anhui Anqing Shuguang Chemical Co., Ltd., Asahi Kasei Corporation, Ascend Performance Materials LLC, Butachimie Chalampé, China Petrochemical Development Corporation (CPDC), Chongqing Ziguang International Chemical Co., Ltd. (Unischem), Evonik Industries AG, Ineos Group Limited, Koch Industries, Inc. (INVISTA Inc.), Taekwang Industrial Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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The market estimate for ease of analysis across scenarios in Excel format.

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Market Segments Covered in Global Hydrogen Cyanide Industry Analysis:

i.) Type

• Hydrogen cyanide liquid
• Hydrogen cyanide gas

ii.) Application

• Sodium cyanide and potassium cyanide
• Adiponitrile
• Acetone cyanohydrin
• Other applications

iii.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America