According to a new report, published by KBV research, The Global Hydrogen Cyanide Market size is expected to reach $1.3 billion by 2030, rising at a market growth of 2.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 941.5 Kilo Tonnes experiencing a growth of 1.7% (2019-2022).
The Hydrogen Cyanide Liquid segment is generating the highest revenue in the Global Hydrogen Cyanide Market, By Product in 2022; thereby, achieving a market value of $789.6 million by 2030. Liquid hydrogen cyanide allows for precise dosing and control in industrial processes. This is particularly important in applications where accurate concentrations are crucial for the desired chemical reactions. The increasing use of hydrogen cyanide liquid in chemical synthesis, pharmaceuticals, and electroplating industries is growing the demand for hydrogen cyanide liquid. Additionally, its use in producing artificial fibers and plastics contributes to its demand. Safety guidelines and developments in manufacturing science additionally affect the market's growth.
The Sodium Cyanide & Potassium Cyanide segment is experiencing a CAGR of 2% during (2023 - 2030). The growing utility in these sectors, coupled with developing industrialization and monetary development in many regions, is expected to gasoline the market's growth. Strict security regulations and environmental issues may have an impact on market dynamics. Potassium cyanide is employed in the metal-cleaning industry to remove oxidation and other impurities from metal surfaces. Sodium cyanide is used in various chemical processes, including producing organic chemicals and pharmaceuticals.
The North America region dominated the Global Hydrogen Cyanide Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $448.9 million by 2030. The Europe market is anticipated to grow a CAGR of 1.8% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 2.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/hydrogen-cyanide-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Air Liquide S.A., Evonik Industries AG (RAG-Stiftung), INEOS Group Holdings S.A., Sumitomo Chemical Co., Ltd., Ascend Performance Materials LLC (SK Capital and Partners), Kuraray Co., Ltd., Asahi Kasei Corporation, Mitsubishi Gas Chemical Company, Inc., Cyanco International, LLC (Cerberus Capital Management, L.P.) and Cornerstone Chemical Company (Littlejohn & Co., LLC).
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
