Increasing gold potassium cyanideapplications in various end-use industries such as customer jewelry and electronic equipments is expected to propel the global gold potassium cyanide market over the forecast period. Growing fashion industry is expected to augment imitation jewelry demand, thus increasing demand for gold plating. This is anticipated to drive the gold potassium cyanide market over next seven years. Rise in disposable income is also expected to fuel the global gold potassium cyanide demand over the forecast period.
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Increasing R&D efforts towards process reengineering to reduce production cost is also anticipated to increase gold potassium cyanide demand over the forecast period. Constantly evolving applications, inventions and product innovation is expected to drive the global gold potassium cyanide market over the forecast period. Major gold potassium cyanide applications include gold plating catering to watch plating, barrel plating, electroforming, printed circuit boards & flexible printed circuits, hanging plating, terminal and electroplating metals other than electronics industry. Increasing R&D activities for product innovation and to explore new applications of gold potassium cyanide are expected to create opportunities for market participants. Gold, being expensive, is anticipated to restrain the market over the forecast period. Limited alloying capability of the gold potassium cyanide is also expected to obstruct the market growth.
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Asia Pacific is expected to display highest gold potassium cyanide demand over coming seven years, owing to increase in electrical and electronics industry in developing countries of the region such as India and China. Japan is also anticipated to witness remarkable gold potassium cyanide market growth over next seven years, due to increasing technological development and product innovations in the country. Rise in per capita disposable income is also anticipated to have a positive impact on product demand in the region over next seven years. Developed regions such as Europe and North America are also projected to exhibit a high product demand, owing to increasing applications in end-use industries which is expected propel the gold potassium cyanide market over next seven years.
Major players operating in gold potassium cyanide market are Prominex Precious Mineral Resources, Sreenivasa Industries, GFS Chemicals, Bangalore Refinery Private Limited, Kinross Gold Corporation, Tanaka Precious Metals, Italpreziosi S.p.A and Valcambi.
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