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. Although it is poisonous, HCN is used in several industrial processes and is a highly valuable precursor to various chemical compounds, ranging from polymers to pharmaceuticals. On the basis of structure type, the hydrogen cyanide market can be segmented into hydrogen cyanide liquid and hydrogen cyanide gas. HCN is obtainable from fruits that have a pit, such as cherries, apricots, apples, and bitter almonds, from which almond oil and flavoring are made. Hydrogen cyanide is extremely toxic in nature and hence, most of it is consumed at the production site. Thus, there is no trade or transport for hydrogen cyanide.

Hydrogen cyanide is used to manufacture sodium cyanide and potassium cyanide, used mainly in gold and silver mining and for electroplating of those metals. HCN is added to butadiene to produce adiponitrile, a precursor to Nylon-6,6. Hydrocyanic acid is primarily used to manufacture products such as acrylonitrile, adiponitrile, cyanogen chloride, cyanuric chloride, acrylates and methacrylates, cyanide, and ferrocyanide. It is also used as an insecticide and rodenticide, usually by fumigation. Furthermore, various chelating agents such as EDTA and NTA are manufactured using hydrogen cyanide. Hydrogen cyanide forms in limited amounts from many combinations of hydrogen, carbon, and ammonia. It is currently produced in great quantities through several processes and is also recovered as a waste product from the manufacturing of acrylonitrile.

An important driver of the hydrogen cyanide market is the demand for manufacturing of sodium cyanide and potassium cyanide, used in the mining of silver and gold. Another key driver of the hydrogen cyanide market is its increasing use in production of adiponitrile, which is the precursor to manufacture nylon 66. However, a major restraint the hydrogen cyanide market encounters is the highly toxic nature of the compound, which makes it difficult for transportation or storage. Hydrogen cyanide is extremely poisonous to human, as it binds irreversibly to the iron atom present in the hemoglobin, disabling it from transporting oxygen to the cells or tissues of the body. It also interferes with ATP (adenosine triphosphate), the main energy storage molecule in the body. The combination of these two events rapidly brings the body's metabolism to a halt, resulting in death.

On the basis of geography, the hydrogen cyanide market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The hydrogen cyanide market in North America is driven by the moderate growth in the production of sodium cyanide and adiponitrile in the region. In Europe, the hydrogen cyanide market is projected to expand at sluggish pace during the forecast period. However, Asia Pacific is expected to exhibit steady growth due to usage of hydrogen cyanide in the production of adiponitrile in the region. In Asia Pacific, China is expected to emerge as the dominant consumer of hydrogen cyanide during the forecast period. 

Key manufacturers of the hydrogen cyanide market are the BP Chemicals, DuPont, and HINDUSTHAN CHEMICALS COMPANY, and Ascend Performance Materials. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hydrogen Cyanide Market

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