Global Gold Potassium Cyanide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Gold Potassium Cyanide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Gold Potassium Cyanide is an inorganic compound with formula K[Au(CN)2]. It is a colorless to white solid that is soluble in water and slightly soluble in alcohol. Gold potassium cyanide is an important gold source used in electrolytic gold plating, so the primary application of gold potassium cyanide is in the electroplating of metals. In addition, gold potassium cyanide is also used in the decorative plating of jewelry, watches and so on.

Market Overview:

The latest research study on the global Gold Potassium Cyanide market finds that the global Gold Potassium Cyanide market reached a value of USD 5188.87 million in 2022. It’s expected that the market will achieve USD 6703.12 million by 2028, exhibiting a CAGR of 4.36% during the forecast period.

Upstream and downstream interactions will cause business disruption

First of all, due to the impact of the epidemic, it is difficult for the procurement and transportation of raw materials and equipment to be in place in a timely manner, and upstream enterprises affect the work progress of mid- and downstream enterprises. Secondly, the manufacturing enterprises in the potassium gold cyanide industry are affected to varying degrees, and the enterprises re-examine their investment strategies, especially their productive expansion investment strategies. They will re-formulate production plans based on the current epidemic situation and market supply and demand; the epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry, which in turn will affect the operating conditions. At the same time, delays in production and delivery due to poor logistics may lead to loss of customers if the customer's delivery time requirements do not meet the contractual requirements.

The development of e-commerce and digital transformation

In recent years, with the technological advancement of the Internet, e-commerce has continued to develop. Affected by the global new crown pneumonia epidemic, countries have introduced isolation policies, people have been isolated at home and travel has been restricted, companies have begun to work online, and e-commerce has emerged. Many small and medium-sized enterprises will also obtain good development opportunities with the help of e-commerce platforms. In the new economic environment, e-commerce has provided many new market opportunities for many enterprises. First, enterprises can open up new development space through e-commerce network, improve themselves, and find new business opportunities and partners. Second, some small and medium-sized enterprises can benefit from it, and publishing information on the Internet will help them seize international opportunities and develop international markets.

The growth of the electronics industry drives the development of the potassium gold cyanide market

Potassium gold cyanide is widely used in electroplating in the electronics industry and is the main raw material for gold plating in the production of electronic components, connectors, printed circuit boards, integrated circuits, and electrical contacts. Because the gold plating process in the electronic industry has strict requirements on the color, thickness, density, and bonding force of the coating, the purity and quality of potassium gold cyanide are relatively high.

In recent years, thanks to the advancement of computer technology and communication technology, and the rapid development of information and intelligent society, the demand for the electronics industry has increased. The electronics industry develops and produces electronic equipment, as well as various electronic components, devices, instruments and meters. Among them, the consumer electronics market is large, and the demand for semiconductors, new energy, and automotive electronics is strong. With the application of 5G and Internet of Things technologies, the improvement of people's living standards, and the upgrading of industry and service industries, the demand for the electronics industry will continue to rise. The development of the electronics industry will drive the expansion of the potassium-gold cyanide market.

Strict industry regulation

Since potassium gold cyanide is a highly toxic substance, the entire industry is strictly regulated. Cyanide is extremely toxic, and its production, transportation, use, storage and recycling must be strictly controlled. There is also International Cyanide Management Code internationally. In addition, the production of gold potassium cyanide has a great impact on the environment, so the production equipment and process requirements are relatively high, the production approval procedures are relatively strict, and the policy barriers to industry access are relatively high. Enterprises need relevant production qualifications to carry out production. Regulations are also relatively strict.

Region Overview:

In 2022, the share of the Gold Potassium Cyanide market in China stood at 60.24%.

Company Overview:

Yantai Zhaojin Kanfort Precious Metals Incorporated Company is one of the major players operating in the Gold Potassium Cyanide market, holding a share of 28.24% in 2022.

Yantai Zhaojin Kanfort Precious Metals Incorporated Company

Yantai Zhaojin Kanfort Precious Metals Co., Ltd. is a Sino-foreign joint venture established in November 2002 by Lifu Industrial (Hong Kong) Co., Ltd. and Shandong Zhaojin Group Co., Ltd. Production and sales of precious metal chemical materials gold salt (potassium gold cyanide), silver salt (silver cyanide, silver potassium cyanide), sodium gold sulfite, palladium salt, rhodium water under the brand of Computix; semiconductor bonding materials, Evaporation materials; precious metal targets, strips, etc. In the industrial field, Jinlish products are mainly used in high-tech electronic industries such as PCB, semiconductors, connectors, military and aerospace, traditional electroplating industries such as jewelry and watches, as well as thin-film solar energy, construction and automotive glass manufacturing.

Suzhou Xingrui Noble Metal Material Co., Ltd.

Suzhou Xingrui Noble Metal Materials Co., Ltd. was established in 1994 and became a subsidiary of Wuzhong Group in 2003. It is a professional production and research and development company of precious metal electroplating chemicals. The company's production base is located in Suzhou, one of the most developed cities in the IT industry in the country. It is located in the chemical park of Wuzhong Economic Development Zone, Suzhou City with developed transportation. The company has complete production equipment and laboratory facilities, strictly control production links, focuses on safety in production, and ensures product quality. It has complete R&D and pilot-scale equipment to develop and produce new precious metal electroplating materials and various catalysts. In 2004, it passed the ISO9001: 2000 international quality system Certification and OHSAS180001 occupational health and safety system certification.

Segmentation Overview:

By type, High Purity segment accounted for the largest share of market in 2022.

Low Purity

The raw material gold purity of low-purity potassium cyanide gold is less than 99.9%, which is usually used in industries with relatively low requirements on purity and gold content.

High Purity

The purity of the raw material gold of high-purity potassium gold cyanide is greater than or equal to 99.9%, and is usually used in the electronics industry that requires high purity and gold content.

Application Overview:

By application, the Electronic Devices segment occupied the biggest share from 2017 to 2022.

Electronic Devices

Gold plating is a method of depositing a thin layer of gold onto the surface of another metal, most often copper or silver, by chemical or electrochemical plating. Gold Potassium Cyanide is used coat gold in chemical and electrolytic baths for decorative or functional coatings. Gold Potassium Cyanide is used in important parts such as printed circuit boards and connectors of various electronic products because of its good coating structure and stable anti-oxidation function.

Jewelry and Watches

Gold Potassium Cyanide is widely used in jewelry and high-end watch industries as the main raw material for gold plating. The main role of gold potassium cyanide gold plating process in the jewelry industry is anti-oxidation and decoration.

Fashion Items

A fashion item can be an outfit or an accessory and be trending and fashionable. Gold Potassium Cyanide is also used in gold plating of fashion items for added oxidation resistance and decorative properties.

Key Companies in the global Gold Potassium Cyanide market covered in Chapter 3:

Suzhou Xingrui Noble Metal Material Co., Ltd.
Alfa Aesar, Thermo Fisher Scientific
Legor Group
Mahavir Expochem Ltd
TANAKA Precious Metals
Jiangsu Large Specialty Chemical Reagents Ltd.
Bangalore Refinery
Matsuda Sangyo
Yantai Zhaojin Kanfort Precious Metals Incorporated Company
Nanjing Chemical Reagent Co., Ltd.
Umicore Electroplating

In Chapter 4 and Chapter 14.2, on the basis of types, the Gold Potassium Cyanide market from 2018 to 2029 is primarily split into:

Low Purity
High Purity

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Gold Potassium Cyanide market from 2018 to 2029 covers:

Gold Plating
Electronic Devices
Jewelry and Watches
Fashion Items

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)