The Latin America, Middle East and Africa Hydrogen Cyanide Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 107.7 Kilo Tonnes, showcasing a growth of 4.2% (2023-2030).
Environmental issues and guidelines surrounding the extraction and use of these raw substances can further impact their availability and increase costs. Limited availability of raw substances can lead to charge volatility, making it difficult for HCN producers to preserve steady pricing and profitability. This can affect downstream industries that rely on HCN as a critical raw material. It can also encourage manufacturers to seek choice sources of uncooked materials or explore extra sustainable production techniques to mitigate the influence of restrained availability.
Increasing research and innovation efforts have the potential to create lucrative possibilities for the hydrogen cyanide (HCN) market. Research and innovation can lead to the discovery of new applications, accelerated production methods, and more desirable safety measures, thereby riding the boom and profitability of the HCN industry. Innovative research can explore novel catalysts and processes that decorate the efficiency of HCN manufacturing while minimizing waste and electricity consumption.
According to the Industrial Development Bureau of UAE, Abu Dhabi's chemical industry is the largest contributor to Abu Dhabi's GDP, amounting to 53% in 2021, with over AED 21 billion investments made in the sector in 2021. Hydrogen cyanide is a key raw material in producing polymers and specialty chemicals. Expanding the chemical industry in the UAE may increase the demand for HCN in these applications. The above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Hydrogen Cyanide Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $35.8 million by 2030. The Argentina market is showcasing a CAGR of 5.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.7% during (2023 - 2030).
Based on Product, the market is segmented into Hydrogen Cyanide Liquid, and Hydrogen Cyanide Gas. Based on Application, the market is segmented into Adiponitrile, Sodium Cyanide & Potassium Cyanide, Acetone Cyanohydrin, Cyanogen Chloride, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Hydrogen Cyanide Market is Projected to reach USD 1.3 Billion by 2030, at a CAGR of 2.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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 Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 