Sodium Cyanide Market in Europe and Asia Pacific: Introduction
The sodium cyanide market in Europe and Asia Pacific was valued at ~US$ 170 Mn and ~US$ 520 Mn, respectively, in 2018. The market in Europe and Asia Pacific is anticipated to expand at CAGRs of ~4% and ~5%, respectively, during the forecast period. In terms of end-use industry, the mining & metallurgy segment held a dominant share of the sodium cyanide market in Europe and Asia Pacific in 2018.
This can be ascribed to high demand for sodium cyanide in gold production facilities in these regions. Based on form, the solid segment constituted major share of the sodium cyanide market in Europe and Asia Pacific in 2018. Cyanide is a highly toxic hazardous chemical. Hence, any issues in transportation, storage, and use can cause malignant poisoning and adverse effects on the environment. Sodium cyanide is stable in solid from. Hence, demand for solid form of sodium cyanide is high in various industries.
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Key Drivers of Sodium Cyanide Market in Europe and Asia Pacific
Sodium cyanide is one of few chemical reagents that helps dissolve gold in water. It is a common industrial chemical that is readily available at a reasonably low cost. For technical and economic reasons, sodium cyanide is the chemical of choice for the recovery of gold from ores. Sodium cyanide has been used in metal extraction since 1887. Currently, it is safely used and managed in gold recovery around the world.
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Highly diluted solutions of sodium cyanide, typically in the range of 0.01% to 0.05% cyanide (100 to 500 parts per million), are employed in gold mining operations. The demand for flotation reagents, such as sodium cyanide, has been rising due to the declining quality of gold and silver ores. Sodium cyanide, being economic, is widely used in the extraction of gold. Furthermore, prices of gold have been fluctuating since the last few years. Therefore, manufacturers are focusing on the extraction of gold from deeper mines that have been winding down. Consequently, demand for sodium cyanide has been increasing significantly.
Sodium cyanide is used in almost 90% of gold production across the globe. After being crushed into powder, the gold ore is added to the sodium cyanide solution. This results in strong bonding of gold molecules to sodium cyanide. The application of zinc then separates cyanide from gold. This results in the formation of solid gold. The consumption of sodium cyanide per ton of ore processed has been increasing as the average content of gold has been declining gradually across the globe. This is expected to drive the sodium cyanide market during the forecast period.
Asia Pacific to Lead Sodium Cyanide Market
Asia Pacific dominated the sodium cyanide market in 2018. Dominance of Asia Pacific can be ascribed to the presence of a significant mining industry in the region. Sodium cyanide is used in the production of approximately 90% of gold and silver in China. Sodium cyanide is also employed as a chemical intermediate, specifically in regions with lack of local supply of hydrogen cyanide, since sodium cyanide can be transported and stored. It is primarily used in gold extraction in South Korea and China.
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Therefore, the sodium cyanide market in these countries is anticipated to expand substantially in the next few years. Of late, fluctuation in prices of gold has been affecting the sodium cyanide market. Gold mining companies have been investing in new grassroots exploration projects, as well as extending activities in mines that had been winding down. This is estimated to augment the sodium cyanide market during the forecast period. Europe is also a key contributor to the sodium cyanide market. The gold mining industry in Russia is expanding at a rapid pace. This is projected to drive the sodium cyanide market in Europe during the forecast period.
Major Developments in Sodium Cyanide Market
In August 2019, The Chemours Company acquired Southern Ionics Minerals, LLC (SIM), a U.S.-based company engaged in exploration and mining of minerals. SIM mines and processes titanium and zirconium minerals. The acquisition comprised a mineral sand processing plant in Offerman, Georgia; an existing mine site in Charlton County, Georgia; and administrative offices in Jacksonville, Florida.
Competition Landscape of Sodium Cyanide Market in Europe and Asia Pacific
The sodium cyanide market in Europe and Asia Pacific is led by multinational, national, and local players. Prominent players operating in the sodium cyanide market in Europe and Asia Pacific are The Chemours Company, Orica Limited, Evonik Industries AG, and PJSC LUKOIL, Hebei Chengxin Co., Ltd., and Changsha Hekang Chemical Co.
Barium, a chemically inert and dense mineral, is used in a number of end-use industries.
It is also quite interesting to note that not only are certain areas identified as hotbeds of exploration, they are also highly productive.” Some of these are the Mediterranean region, Africa, and Latin America.In terms of BOE (Barrels of Oil Equivalent), the new regions show a performance of 26 discoveries - 100 BOE, out of the 12.2 billion barrels BOE discovered in 2019.
This shows how conventional discoveries are moving on a high trajectory.The study report on the global barite market, prepared by Transparency Market Research states that the market would chart a decent CAGR (Compound Annual Growth Rate) of 4.8 percent – in the period 2018-2026 Request Sample pages of premium Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=2404Consolidated Vendor Landscape to Mark Global Barite Market over the Forecast PeriodThe competitive landscape of the global barite market is consolidated and the trend will continue over the forecast period.
Apart from improving the product quality, players are looking to work with different grades in order to widen the scope of applications.Some of the players that are seen as high performers in the global barite market include Spectrum Chemical Manufacturing Corporation, Deutsche Baryt Industrie, Halliburton, CIMBAR Performance Minerals, New Riverside Ochre Company, Inc., Excalibar Minerals LLC, and Anglo Pacific Minerals, among others.It is pertinent to note here that the top tier players that are operating in the global barite market landscape have a hold on about 55% of the total market share.
It is also important to note that these players are scurrying to improve plant facilities for bettering capacity in terms of production.North America to Show Stellar Performance over the Forecast PeriodDominating the regional landscape of the global barite market, North America will ride to growth on the back of strong presence of key market players and numerous end-use industries in its landscape.
However, market expert’s note, “Oil and gas segment in the region will lose to rubber and plastics over the period to come.”Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=2404About UsTransparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.Our reports are single-point solutions for businesses to grow, evolve, and mature.
The global electrical appliances market was valued at around US$ 685 Bn in 2016 and is anticipated to register a CAGR of ~7% from 2017 to 2025, according to a new report by Transparency Market Research (TMR) titled “Electrical Appliances Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”Electrical appliances are defined as devices which use electricity to perform specific functions.
A wide range of such appliances is available from refrigerators, wine-coolers, washing machines, tumble dryers, vacuum cleaners, steam mops, shavers, trimmers and water heaters to air conditioners, air coolers, heaters, fans, rice cookers, bread makers, toasters, irons, and juicers.
Interpret a Competitive outlook Analysis Report with PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=41387Higher standards of living and availability of lucrative product offers and purchase credit schemes to drive the market for electrical appliancesOne of the primary drivers of the market is higher standards of living, especially in the Asia Pacific region.
The major restraint on the global electrical appliances market is the consistent and considerable R investment required to develop new, more efficient, environment-friendly, smart, and connected appliances.
It is a highly competitive market coupled with increasingly stringent government regulations regarding emissions of environmentally harmful chemicals.
In such a scenario, the constant improvement of products is important, though this is mostly possible only by the larger companies such as Whirlpool Corporation, Haier Group, and LG Electronics Inc.Product differentiation and new product development are expected to be among the available opportunities in the global electrical appliance market during the forecast periodMajor opportunities in the global electrical appliances market exist in product differentiation and new product development.
The global hospital acquired pneumonia drug market has been analyzed by Transparency Market Research (TMR) to give a complete description of the market and its growth in the coming years.
Few vendors are likely to adopt pricing strategies that would increase the competition in the market.Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1881Furthermore, companies are likely to adopt strategies such as high investments to adopt newer technologies, research and development activities, and mergers and acquisitions to strengthen their position in the market.
North America is expected to lead the market during the forecast period.
The presence of large number of vendors has also made the North America market grow distinctively.Request for Analysis of COVID-19 Impact on Hospital Acquired Pneumonia Drugs Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1881Immunocompromised Patients Are Prone to Acquire Pneumonia from hospitals Patients who have undergone a surgery, are on enteral feeding, or are immunocompromised are more vulnerable to acquiring hospital acquired pneumonia.
The hospital acquired pneumonia is also prevalent among the newborns, as they might suffer from respiratory syncytial virus (RSV) which has been identified as one of the major reason for nosocomial pneumonia.The increasing incidence of hospital acquired pneumonia has pushed the government to take effective and strict measures that can address the root cause of these types of infections.
The factors that create an unhealthy environment are often caused due to inadequate financial resources, poor infrastructure, and over-crowded hospitals that increase the chances of communicable diseases.
Upper respiratory tract infection (URTI) is a medical condition caused by acute infection that involves parts of the upper respiratory tract such as larynx or pharynx, sinuses, and nose.
Pharyngitis, sinusitis, laryngitis, tonsillitis, common cold, and otitis media are some of the most common upper respiratory tract disorders.
Some other symptoms of the disease are headaches, hyposmia, foul breath, sinus pain, shortness of breath, vomiting, diarrhea, nausea, conjunctivitis, and body ache.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=58905Upper respiratory tract disorders can be treated with antibiotics and decongestants.
Antibiotics are rarely used as a treatment option for upper respiratory tract disorders as they are associated with many side effects and also can initiate secondary infections and bacterial resistance.
The global upper respiratory tract infection treatment market is expected to expand substantially, due to an increase in the incidence of respiratory disorders across the globe.
However, side effects of NSAIDs are expected to impact the growth of this market.
Transparent Market Research (TMR) reflects the competitive landscape of the global pharmaceutical chemical spread across the globe.
New strategies are expected to be introduced to penetrate into the market.
Rising population and low mortality rate seems to be the reason for lucrative growth in the healthcare sector.
Swell in the geriatric population calls for increase in healthcare facilities.
Global pharmaceutical chemical market is projected to be flourishing in coming years due to rise in demand for drugs for non-communicable diseases.
However, developments in all the fields of healthcare facilities and rising geriatric population is projected to inflate the global pharmaceutical chemical market.Request for covid19 impact analysis –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=37685Disease Oriented Treatment to Push GrowthVarious therapy based applications are expected to increase the demand for global pharmaceutical chemical market.
Asphalt Additives Market: Key HighlightsThe global asphalt additives marketwas valued at ~ US$ 3.5 Mn in 2018, and is projected to expand at a CAGR of ~ 6% from 2019 to 2027.
Emerging warm mix asphalt (WMA) technology is anticipated to augment the global asphalt additives market during the forecast period.Asia Pacific was the leading region of the global asphalt additives market in The Asia Pacific asphalt additives market is estimated to continue its dominance in the global asphalt additives market during the forecast period.Key Drivers of the Asphalt Additives MarketThe demand for asphalt in road construction is expected to be driven by increasing environmental funding, legislative pressure to improve infrastructure, and growth in non-building construction activities, particularly in the highway & street segment.The demand for paving asphalt used in highways and streets has been rising, owing to the increase in government funding and growth in highway and street construction activities.
Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=3238Shift in Focus Toward Bio-based Additives to Offer Attractive OpportunitiesBio-based additives are defined as additives made from biological sources.
Manufacturers are increasingly using eco-friendly products, owing to the rise in the awareness about the environment among consumers.Availability of Alternatives for Asphalt to Hamper the Asphalt Additives MarketBricks, pavers, cobblestone, concrete, permeable paving, gravel, and cement are some of the substitutes that are being increasingly used in place of bitumen.
Concrete is a highly employed product in the construction and maintenance of roads.The governments of several countries have been preferring the usage of concrete and cement for paving roads since the last few years.
This is expected to hamper the asphalt additives market.Asia Pacific Dominates the Asphalt Additives MarketAsia Pacific is expected to continue being a prominent market in the global asphalt additives market during the forecast period.
