What is Global Hydrogen Cyanide (HCN) Market?
The Global Hydrogen Cyanide (HCN) Market is a vast and dynamic sector that deals with the production, distribution, and usage of Hydrogen Cyanide, a colorless, extremely poisonous, and flammable liquid that boils slightly above room temperature. This market is of significant importance due to the wide range of applications of Hydrogen Cyanide in various industries. In 2022, the market was valued at a whopping US$ 2616 million, indicating the high demand and usage of Hydrogen Cyanide across the globe. The market is projected to grow further and reach a value of US$ 2989.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 1.9% during the forecast period of 2023-2029. The market is dominated by two major manufacturers who collectively hold a market share of about 30%.
Andrussow Process, Acrylonitrile Process, Others in the Global Hydrogen Cyanide (HCN) Market:
The Global Hydrogen Cyanide (HCN) Market is segmented based on the production process into Andrussow Process, Acrylonitrile Process, and others. The Andrussow Process is the most dominant segment, holding a market share of about 53%. This process involves the reaction of methane and ammonia in the presence of oxygen and a catalyst to produce Hydrogen Cyanide. The Acrylonitrile Process, on the other hand, involves the catalytic ammoxidation of propylene. The other processes include the Shawinigan process and the Degussa process. Each of these processes has its own advantages and disadvantages, and their usage depends on various factors such as cost, efficiency, and environmental impact.
Acetone Cyanohydrin, Adiponitrile, Sodium Cyanide, DL-Methionine, Cyanuric Chloride, Other in the Global Hydrogen Cyanide (HCN) Market:
Hydrogen Cyanide is used in a wide range of applications. It is used in the production of Acetone Cyanohydrin, a key raw material in the production of methyl methacrylate. It is also used in the production of Adiponitrile, which is a precursor to the production of Nylon. Sodium Cyanide, another product of Hydrogen Cyanide, is used in the mining industry for the extraction of gold and other precious metals. DL-Methionine is an essential amino acid used in poultry feed to enhance the growth of chickens. Cyanuric Chloride is a key raw material in the production of herbicides, dyes, and disinfectants. Other applications of Hydrogen Cyanide include the production of pharmaceuticals and as a reducing agent in metallurgy.
Global Hydrogen Cyanide (HCN) Market Outlook:
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| Report Metric | Details |
| Report Name | Hydrogen Cyanide (HCN) Market |
| Accounted market size in 2023 | US$ 2616 million |
| Forecasted market size in 2030 | US$ 2989.1 million |
| CAGR | 1.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Invista, Butachimie, Evonik, INEOS, DuPont, Adisseo, Cyanco, Cornerstone, Sterling Chemicals, CSBP, Asahi Kasei, Mitsubishi Rayon, Kuraray, Sumitomo Chemical, Formosa Plastics, Sinopec, CNPC, Secco, Hebei Chengxin |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
