Gold potassium cyanide or potassium gold cyanide is a water
soluble white powder. Gold potassium cyanide is obtained by the anodic
dissolution of gold in an aqueous solution of the compound potassium cyanide,
followed by crystallization of the entire mixture. In addition, the gold
potassium cyanide mixture contains approximately 68% fine gold which appears to
be a fine powder that is readily soluble in water.
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Gold potassium cyanide is an
important gold source used in electrolytic gold plating. It is one of the most
common gold compounds employed in the electroplating industry. The recent
method of recovering gold from potassium gold cyanide is to convert the gold
cyanide ion to metallic gold after which the reclaimed gold is converted back
to gold potassium cyanide. The primary application of gold potassium cyanide is
in the electroplating of metals. It is employed in the electroplating of
electronic parts, costume jewelry, watches and pens. In addition, gold
potassium cyanide is used in the decorative plating of jewelry.
The key driver of gold potassium
cyanide is its use in the plating of various electronic equipment, in the
plating of watches and in the decorative plating of costume jewelry. In
addition, potassium gold cyanine also finds its application in the
electroplating of various other metals besides electronics. Key players in the
gold potassium cyanide market undertake continuous research and development
activities. This has enabled the development of finished metal salts and
finishing and plating baths. The growth in the electronic industry in various
regions, including the growth in the fashion industry has been boosting the
demand for gold potassium cyanide over the past few years and the trend is
expected to continue over the projected period. In the near future, consumer
focus is expected to shift from silver to gold since gold is anticipated to be
a major investment source. In addition, growing disposable income of people in
the Asia Pacific region and the high disposable income of consumers in the
North American and European region are likely to drive the gold ornaments
market. Owing to this, the gold potassium cyanide market is anticipated to
witness high growth during the projected period.
Owing to the high growth in the
electronics industry, the demand for gold potassium cyanide has been growing at
a high rate in the Asia Pacific region especially in emerging countries such as
India and China. Japan has been experiencing stable growth in the electronics
industry owing to emerging innovations and new technologies in the electrical
and electronics industry. This in turn is expected to boost the demand for gold
potassium cyanide in the next few years. The growing disposable income of
consumers in the Asia Pacific region coupled with the rise in the electrical
and electronics industry in the region is likely to boost the market for gold
potassium cyanide. In addition, the recent growth in the fashion industry
and the changing life style of consumers along with the high disposable income
of consumers in the North American and the European region is anticipated to
further propel the jewelry industry in the near future. This in turn is
expected to drive the demand for gold potassium cyanide during the projected
period.
Some of the key companies in the
gold potassium cyanide market include GFS Chemicals, Prominex Precious Mineral
Resources, Bangalore Refinery Private Limited and Sreenivasa Industries among
others. These companies involve themselves in extensive research and
development with the main aim of introducing innovative methods of
manufacturing gold potassium cyanide.
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This research report analyzes this
market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
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provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
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micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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