Global Hydrogen Cyanide Market - 2019-2026
Global Hydrogen Cyanide Market- Overview
Hydrogen cyanide, also called prussic acid, is a chemical compound having the formula, HCN. Hydrogen cyanide is available in the form of toxic liquid or colorless gas, which is highly poisonous. It is a linear molecule, with a triple bond between carbon and nitrogen. Hydrogen cyanide is found in the smoke of various tobacco products and is also released by combustion of nitrogen-containing organic materials.
The Global Hydrogen Cyanide Market was worth USD 2667.3 million in 2018 and is forecasted to reach USD XX million by 2025, growing at a CAGR of XX% during the forecast period 2019-2026.
Global Hydrogen Cyanide Market- Market Dynamics
Increasing demand for manufacturing of Sodium Cyanide and Potassium Cyanide is driving the market for Hydrogen cyanide. Potassium Cyanide and Sodium Cyanide are widely used in the 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.
On the other side, growing alternatives is hindering the market for hydrogen cyanide. Hydrogen Cyanide is primarily used to make intermediates for other products - Adiponitrile and acetone cyanohydrin which in itself is an intermediate for methyl methacrylate. While Adiponitrile is the dominant intermediate for nylon-6,6, it can also be made from adipic acid, butadiene, or acrylonitrile. As for methyl methacrylate, methods exist to produce it using C-3 and C-4 hydrocarbons instead of acetpme cyanohydrine. Thus, increasing alternatives for the production of various end products of HCN will hinder the market during the forecast period.
Global Hydrogen Cyanide Market- By Segment Analysis
Global Hydrogen Cyanide Market has been segmented by Production Process. Of these, the Andrussow process holds the largest share of the market. It is the most widely used method for 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 and Haas, Novartis, and Cyanco in the United States; ICI, Butachemie, Rohm, and Elf-Atochem in Western Europe; and Mitsubishi Gas in Japan.
Global Hydrogen Cyanide Market- Geographical Analysis
Geographically, the Global Hydrogen Cyanide Market has been segmented by Asia-Pacific, South America, North America, Europe, and Rest of the World. Among all the region, the Asia Pacific among the largest in terms of consumptions followed by North America and Europe. China holds the majority share of the market followed by Japan and India. 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. However, there is a less international trade for hydrogen cyanide as it is difficult to transport and store, so most HCN produced is used on site.
Global Hydrogen Cyanide Market- Competitor Analysis
The global hydrogen cyanide market is competitive with the presence of various small and large players in the market. Multinational companies are dominating the global HCN market in recent years. Asahi Kasei , Evonik, Ineos Group, Sinopec, Bluestar Adisseo, and Dow-Dupont are the prominent players in the global hydrogen cyanide market and are benefited with new production technologies. 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 in order to increase their revenues. Thus the competition in the industry is mainly seen in terms of innovation, new production technology development, price, and marketing activities.