Sodium Cyanide Market - Regional Analysis
APAC Market Insights
Asia Pacific industry is predicted to dominate majority revenue share of 37% by 2035. The growth of the market can be attributed majorly to the rising number of gold reserves and rapid production of gold. China accounts for around 9% of total gold production and it is the greatest producer of gold in the world. Australia is expected to overtake China in output soon. Australia's gold sector generated 320 tonnes of mined gold in 2022, a 1.5% increase over the previous year. Moreover, the rising production of other minerals will drive market growth in the region. China is also the leading producer of minerals, such as bauxite, copper, cobalt, silver, and magnesium.
North American Market Insights
The North America sodium cyanide market is estimated to be the second largest, registering a share of about 26% by the end of 2035. The growth of the market can be attributed majorly to the increased investment in the production of minerals in the region. The rising investment will increase the need for mining and subsequently the use of sodium cyanide for the extraction of these minerals.
