Global Hydrogen Cyanide Market - Segmented by Structure, Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)

  • ID: 4514996
  • Report
  • Region: Global
  • 136 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • Adisseo
  • BP Chemicals
  • Cornerstone
  • Cyanco
  • Evonik Industries
  • INEOS
  • MORE
The global hydrogen cyanide market is estimated to witness a CAGR of 1.25% during the forecast period, 2018-2023. Adiponitrile production is anticipated to be the largest consumer of hydrogen cyanide, which is used to produce nylon 66. North America leads the market with higher share.

Increasing Demand for Nylon 66 Fibers Driving the Market

Hydrogen Cyanide is mostly used to make adiponitrile (used to produce Nylon 66) and other chemicals. The world demand of hydrogen cyanide is closely tied to the consumption of nylon 66 through adiponitrile. Nylon is being used as a replacement for several applications including automotive, textile, and electronics components. Due to its low weight and high mechanical properties, it is being accepted in several industries. This growing demand for Nylon 66 is driving the hydrogen cyanide market indirectly.

Adiponitrile Application to Own the Large Share of the Market

A considerable part of the hydrogen cyanide produced is used in adiponitrile application as a precursor for polyamide production. The main regions producing adiponitrile are United States, and Western Europe. The second main application for hydrogen cyanide after adiponitrile is acetone cyanohydrin. Since, hydrogen cyanide is a toxic compound, most of the produced hydrogen cyanide is consumed or used at the place of production.

North America Leads among Other Regions

North America is expected to lead the hydrogen cyanide market followed by Europe and Asia-Pacific. The consumption of hydrogen cyanide in North American region is high due to the increase in the demand for the nutritional additives in the region. With the increasing huge population and emerging economies, the Asia-Pacific region is expected to own the largest share of the market during the forecast period.

Notable Developments in the Market

February 2017: CyPlus Idesa opened a sodium cyanide production plant in Mexico. CyPlus Idesa is a joint venture between German Evonik and Mexican Group IDESA. The new sodium cyanide plant has a capacity of 40,000 metric tons, and uses state-of-the-art hydrogen cyanide and cyanide technologies

Major Key Players Invista, Evonik Industries, INEOS, Cyanco, Sterling Chemicals, amongst others.

Reasons to Purchase this Report

To understand the impact of increasing stringent regulations on the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

To understand the dominating technology in the market

Countries expected to witness the fastest growth during the forecast period

Identifying the latest developments, market shares, and strategies employed by the major market players.

3-month analyst support, along with the Market Estimate sheet in excel

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FEATURED COMPANIES

  • Adisseo
  • BP Chemicals
  • Cornerstone
  • Cyanco
  • Evonik Industries
  • INEOS
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
3.4 Import & Export Trends
3.5 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Huge Demand for Manufacturing of Sodium Cyanide and Potassium Cyanide
4.1.2 Growing Use of Hydrogen Cyanide in Production of Adiponitrile
4.2 Restraints
4.2.1 Highly Toxic Nature of Hydrogen Cyanide
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Untapped Market of its Use in Production of Chelating Agents
4.3.2 Other Opportunities

5. Market Segmentation and Analysis
5.1 By Structure Type
5.1.1 Hydrogen Cyanide (HCN) Liquid
5.1.2 Hydrogen Cyanide (HCN) Gas
5.2 By Application
5.2.1 Sodium Cyanide & Potassium Cyanide
5.2.2 Adiponitrile
5.2.3 Acetone Cyanohydrin
5.2.4 Others

6. Regional Market Analysis- (Market size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
9.1 Adisseo
9.2 Asahi Kasei
9.3 BP Chemicals
9.4 Butachimie
9.5 Cornerstone
9.6 CSBP
9.7 Cyanco
9.8 DowDuPont
9.9 Evonik Industries
9.10 Formosa Plastics
9.11 INEOS
9.12 Invista
9.13 Kuraray
9.14 Sterling Chemicals
9.15 Sumitomo Chemical
*List Not Exhaustive

10. Disclaimer
**Subject to Feasibility & Availability on Public Domain
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  • Adisseo
  • Asahi Kasei
  • BP Chemicals
  • Butachimie
  • Cornerstone
  • CSBP
  • Cyanco
  • DowDuPont
  • Evonik Industries
  • Formosa Plastics
  • INEOS
  • Invista
  • Kuraray
  • Sterling Chemicals
  • Sumitomo Chemical
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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