The global High Purity Potassium Cyanide Market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. It is often known as potassium gold cyanide, a white powder that dissolves in water. The compound is made by anodizing gold in an aqueous solution of the substance, followed by crystallization of the whole combination. Furthermore, the chemical combination includes around 68% fine gold, which looks to be crystalline dust that is easily soluble in water. Technological improvements in the manufacture of safety technologies and entertainment systems are driving demand for potassium cyanide from different electronic gadgets. The fashion sector is booming due to factors such as changing lifestyles, an increase in global incomes, and rapid urbanization. The use of gold plating (for which this chemical is primarily used) in a variety of items, including garments and footwear, stimulates the need for this chemical. These factors are expected to drive market revenue growth during the forecast period.
Top Companies Operating in the Global High Purity Potassium Cyanide Market:
- Evonik Industries AG (Germany)
- Anhui Anqing Shuguang Chemical Co. Ltd. (China)
- Hebei Chengxin Group Co. Ltd. (China)
- Nippon-Soda Co. Ltd. (Japan)
- Hindusthan Chemicals Co. (India)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key High Purity Potassium Cyanide Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global High Purity Potassium Cyanide Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global High Purity Potassium Cyanide Market key players
3.2 Global Potassium Cyanide size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the High Purity Potassium Cyanide Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
High Purity Potassium Cyanide Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Low Purity
- High Purity
Application/ End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Ore-dressing
- Plating
- Chemical Synthesis
- Pharmaceutical
- Other
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