Press release
Global Nitroguanidine (CAS 556-88-7) Market Expected to Witness a Sustainable Growth over 2023
Nitroguanidine is an organic compound with the formula (NH2)2CNNO2. It is a colorless, crystalline solid that melts at 232 °C and decomposes at 250 °C. It is not flammable and is a low-sensitivity explosive; however, its detonation velocity is high. It is used as a propellant (air bags), fertilizer, and for other purposes.
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Global Nitroguanidine (CAS 556-88-7) Market: Forecast by Type / Application / Region
In consumption market, the global consumption value of Nitroguanidine decreases with the 5.04% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2015, these two regions occupied 86.54% of the global consumption volume in total.
The major raw materials for Nitroguanidine are calcium cyanamide,ammonium nitrate. Fluctuations in the price of the upstream product will impact on the production cost of Nitroguanidine. The production cost of Nitroguanidine is also an important factor which could impact the price of Nitroguanidine. The Nitroguanidine manufacturers are trying to reduce production cost by developing production method.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. In past five years, the price presents decreasing trend according to the economy development status and international competition. Also, it presents fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that Nitroguanidine (CAS 556-88-7) will register a 5.9% CAGR in terms of revenue, reach US$ 530 million by 2023, from US$ 400 million in 2017.
Global Nitroguanidine (CAS 556-88-7) Market: Key Players
IPI
AlzChem AG
Tendenci
Sino-Agri United
Soochow
Gulang Changhai
Beilite Chemical
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Related Information:
United States Nitroguanidine (CAS 556-88-7) Market Research Report 2018
Europe Nitroguanidine (CAS 556-88-7) Market Research Report 2018
North America Nitroguanidine (CAS 556-88-7) Market Research Report 2018
Asia-Pacific Nitroguanidine (CAS 556-88-7) Market Research Report 2018
China Nitroguanidine (CAS 556-88-7) Market Research Report 2018
EMEA Nitroguanidine (CAS 556-88-7) Market Research Report 2018
Global Nitroguanidine (CAS 556-88-7) Market Research Report 2018
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