Global Ceric Ammonium Nitrate Market, By Product (Alcohols, Phenols, Ethers, Others), Type (Neutralization Method, Conversion Method), Application (Cosmetics, Pharmaceutical, Fertilizer, Dynamite, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Ceric Ammonium Nitrate Market
Data Bridge Market Research analyses that the ceric ammonium nitrate market will witness a CAGR of 5.10% for the forecast period of 2022-2029. Growth in the demand for ceric ammonium nitrate especially in the emerging economies such as India and China, growing use of ceric ammonium nitrate for a wide range of end user applications such as in the manufacturing of fertilizers, rising number of small and medium scale enterprises in the Asia-Pacific region and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the ceric ammonium nitrate market.
Ceric ammonium nitrate is a water soluble inorganic compound that acts as a catalyst in the polymerization of olefins. Ceric ammonium nitrate is prepared by the electrolytic oxidation of cerous nitrate in nitric acid which in turn is used for the production of chrome etchant.
Rise in demand for ceric ammonium nitrate by pharmaceutical industry is the root cause for fuelling up the market growth rate. Rising demand for ceric ammonium nitrate in the manufacturing of electronic industry products such as liquid crystal displays (LCDs), expanding usage of oxo-alcohols in the manufacturing of polyvinyl chloride (PVC), and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of ceric ammonium nitrate in comparison to alternatives such as inexpensive and non-toxic properties, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, surging penetration of laptops, smartphones, video projection systems, electronic billboards, computers and television, rising application in the medical electronic devices and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, rigorous ordinances taxed by governing societies concerning the product regulation, rising import and export tariffs and strict global trade restrictions will dampen the market growth rate. Large scale availability of low cost alternatives in the market will also restrict the scope of growth for the market.
This ceric ammonium nitrate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ceric ammonium nitrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ceric Ammonium Nitrate Market Scope and Market Size
The ceric ammonium nitrate market is segmented on the basis of product, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the ceric ammonium nitrate market is segmented into alcohols, phenols, ethers and others.
- On the basis of type, the ceric ammonium nitrate market is segmented into neutralization method and conversion method.
- On the basis of application, the ceric ammonium nitrate market is segmented into cosmetics, pharmaceutical, fertilizer, dynamite and other.
Ceric Ammonium Nitrate Market Country Level Analysis
The ceric ammonium nitrate market is analysed and market size, volume information is provided by country, product, type and application as referenced above.
The countries covered in the ceric ammonium nitrate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the ceric ammonium nitrate market owing to the rising demand for by the pharmaceutical industry in the region, growing demand from various end-use industries, increase in the research and development activities, attractive prices offered by manufacturers, investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the ceric ammonium nitrate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ceric Ammonium Nitrate Market Share Analysis
The ceric ammonium nitrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ceric ammonium nitrate market.
Some of the major players operating in the ceric ammonium nitrate market report are URANUS CHEMICALS CO., LTD., American International Chemical LLC., A.B. Enterprises, Green Resource, LLC., Treibacher Industrie AG., American Elements, Career Henan Chemical Co., Chuan Yan Technology Co., Ltd., ProChem, Inc International., Sigma-Aldrich Corporation, Santa Cruz Biotechnology, Inc., Blue Line Corporation, Dow, DuPont, Ganzhou Wanfeng Advanced Materials Technology Co., Ltd., Merck KGaA, The Chemours Company, BASF SE, Arkema and TCI Chemicals (India) Pvt. Ltd., among others.
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