Sodium Cyanide Market Share

APAC Market Forecast

The market share of sodium cyanide in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about 37% by the end of 2036. 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 Statistics

The North America sodium cyanide market is estimated to be the second largest, registering a share of about 26% by the end of 2036. 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.