Global Hydrogen Cyanide Market is segmented By Production Process (Andrussow Process, BMA, and others), By Application (Acrylonitrile, Cyanogen chloride, Adiponitrile, Acrylates, Methacrylates cyanide, and others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global Hydrogen Cyanide Market Expected to reach at a high CAGR during the forecast period of 2024-2031.
Hydrogen cyanide (HCN), in some cases called prussic acid, is a chemical compound with the chemical formula HCN. It is a colorless, extremely poisonous, and flammable liquid that boils slightly above room temperature, at 25.6 °C (78.1 °F). HCN is produced on an industrial scale and is a highly valuable precursor to many chemical compounds ranging from polymers to pharmaceuticals. Hydrogen cyanide is found in the smoke of different tobacco items and is additionally discharged by burning nitrogen-containing natural materials. Hydrogen cyanide is utilized to make sodium cyanide and potassium cyanide, utilized chiefly in gold and silver digging and for the electroplating of those metals.
Market Scope
| Metrics | Details |
| Market CAGR | High |
| Segments Covered | By Production Process, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
Increasing demand for the manufacturing of sodium cyanide and potassium cyanide and increasing applications of HCN in Adiponitrile production are the major drivers of the market's growth. The massive demand for the production of sodium cyanide and potassium cyanide is driving the market for Hydrogen cyanide. Potassium Cyanide and Sodium Cyanide are widely used in organic synthesis for the production of nitriles and carboxylic acids. However, these are used mainly in gold and silver mining, and also for electroplating of these materials. With the increasing investments in gold and silver, global gold and silver production is continuously increasing. Global gold production increased from 2730 tonnes in 2012 to 3247 tonnes in 2017, and it is expected to rise at more pace during the forecast period. The increasing gold production will call for more production of sodium cyanides and potassium cyanides.
Increasing applications of adiponitrile are another key driver for the global HCN market as approximately 90% of HCN is used as a raw material for adiponitrile which is in turn used in producing nylon 66 for fiber and plastic production. Adiponitrile is a colorless organic liquid compound used for the synthesis of hexamethylenediamine, which is used for the production of polymer nylon 6-6. Adiponitrile is used in various applications such as carpet fibers, conveyor belts, electro-insulating elements, plastic industry, automotive industry, and strings in musical instruments, tire cords, textile industry, and ropes. The growing use of Adiponitrile in the plastic, fiber, and textile industries is expected to fuel market demand over the forecast period. Moreover, increasing demand from the plastics and automotive sector for nylon 6-6 will be the key driver for rising demand over the projected period.
Growing alternatives for hydrogen cyanide and the high toxicity of hydrogen cyanide are the restraints that are hindering the market growth. The high toxicity of Hydrogen Cyanide is hindering the market growth during the forecast period. Due to its highly toxic nature companies are investing more in the safety parameters which leads to high production costs. There are numerous regulations about the use of hydrogen cyanide. Agencies, such as the International Cyanide Management Code has defined a particular limit on the use of hydrogen cyanide. Further, Europe is the major region that is following strict regulations on various Cyanide products such as Hydrogen Cyanide, Sodium Cyanide, and Potassium Cyanide. The National Industrial Chemicals Notification and Assessment Scheme (NICNAS) has assessed the environmental risks of hydrogen cyanide and made recommendations for reducing the risks from its transport
Market Segmentation Analysis
Based on the production process, the global market for hydrogen cyanide is broadly segmented as a Russow process, BMA and others. The Global Hydrogen Cyanide Market Value, by production from Andrussow Process, was valued at $1455.8 million in 2018 and is expected to reach $YY million by 2026, with an estimated CAGR of 2.50% during the forecast period 2018 to 2026. The Andrussow Process is an industrial process for HCN production, named after its developer Leonid Andrussow, which involves the reaction of methane and ammonia in the presence of oxygen and a platinum catalyst for producing Hydrogen Cyanide. It is an exothermic process and is the most widely used method for the direct synthesis of Hydrogen Cyanide. The average capacity of single commercial installations is (5 – 30) × 10 t/a. The large plants are operated by DuPont, Rohm, Haas, Novartis, and Cyanco in the US; ICI, Butachemie, Röhm, and Elf-Atochem in Western Europe; and Mitsubishi Gas in Japan.
Based on application, the global market for hydrogen cyanide is classified into sodium cyanide and potassium cyanide, acrylonitrile, cyanogen chloride, adiponitrile, acrylates, and methacrylates cyanide, and others (cyanuric chloride, ferrocyanide). The Global Hydrogen Cyanide Market for Adiponitrile application was valued at $1368.6 million in 2018 and is expected to reach $YY million by 2026, with an estimated CAGR of 2.28% during the forecast period 2018 to 2026. Adiponitrile is estimated to be the fastest-growing segment during the forecast period.
Over the last few years, the major use of Hydrogen Cyanide has been in the production of Adiponitrile. It is used exclusively for producing Hexamethylene Diamine (HMDA), of which the majority is used to make Nylon- 66 fibers and resins. In Electronics, it is used in connectors, relays, switches, housings, plugs, cables, knobs and buttons, input/output ports, faceplates, insulators, transformers, terminal blocks, and coil bobbins. The Asia-Pacific region will be the fastest-growing segment of electronics during the forecast period. The region witnessed a 5% growth in 2018. Therefore, it is also estimated to be the fastest-growing region for Nylon 66 and Adiponitrile.
Market Geographical Share
The global Hydrogen Cyanide Market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The Asia-Pacific Hydrogen Cyanide (HCN) market value was US$ 944.1 million in 2018 and is expected to reach US$ YY million by 2026 growing at a CAGR of 2.23% between 2018 to 2026. It held the highest market share in 2018. China holds the majority share of the market with 54% followed by Japan and India with 11% and 9% of the total Asia-Pacific market respectively. In China, the demand for and production of acrylonitrile are huge, so investigation of the possibilities of disposal of the wastewater generated is of great practical significance. The by-products in the process of propylene ammoxidation are mainly hydrogen cyanide, acetonitrile, acrolein, carbon dioxide, and carbon monoxide. Some of the government's initiatives are propelling the market's growth in India. For instance, the Government of India’s initiative of ‘Make in India’ is predicted to boost the demand for adiponitrile (ADN) which is leading to an increase in demand for HCN in India.
The North America Hydrogen Cyanide market value was $835.8 million in 2018 and is expected to reach USD YY million by 2026. The North American HCN market is driven by the growing production of sodium cyanide and adiponitrile in this region. In North America, the US accounted for the largest market share in 2018 due to the increasing demand for hydrogen Cyanide in the country. Some of the major producers of hydrogen cyanide in the US are Adisseo USA, Cyanco Co., Cytec Industries, Degussa Corp., Dow-DuPont, and Others. The rapid demand for hydrogen cyanide to produce sodium cyanide and potassium cyanide is spurring market growth in Canada.
Brazil is one of the major countries in the South American region and holds the highest market share of the South American HCN market.
Market Companies
Some of the key market players are Asahi Kasei, Ascend Performance Materials Operations LLC, Evonik Industries, Cornerstone Chemical Company, Sinopec, Bluestar Adisseo, BP Chemicals, Sumitomo Chemical, Dow-DuPont, INEOS Group Holdings S.A. and Taekwang Industrial Co., Ltd.
Companies are expanding their production capacities to meet increasing demand from consumers. Manufacturers are adopting by-product management and re-utilization strategies in their production lines to increase their revenues.
On August 01, 2018, Ascend Performance Materials, the largest fully integrated producer of nylon 6,6 resin, purchased Britannia Techno Polymer.
In December 2017, Cornerstone Chemical Company, a leading manufacturer of key intermediate and specialty chemicals announced it has licensed from The Chemours Company a world-scale HCN production technology package to significantly increase its on-site HCN production.
In March 2017, SABIC and Sinopec signed a strategic cooperation agreement to study opportunities for joint petrochemical projects in Saudi Arabia and China.
