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Global Nitromethane Market Growth 2019-2024
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Nitromethane is a colorless, oily, highly flammable liquid with a strong, disagreeable odor that emits toxic fumes of nitrogen oxides upon decomposition. Nitromethane is used to make industrial antimicrobials and pharmaceuticals and is also used as a soil fumigant and as a fuel in race car engines. Exposure to nitromethane irritates the skin and affects the central nervous system causing nausea, dizziness and narcosis. This substance is reasonably anticipated to be a human carcinogen.
Nitromethane (chemical formula: CH3NO2) is the simplest organic nitro compound. At room temperature, it is a clear liquid with colorless oily shape and has the faint aromatic smell, with great polarity, flammable, toxic and explosive. It can be used as fuel and be mixed with ethanol, acetone, ether, as a good solvent and extraction agent. At the same time, nitromethane is also a common raw material in chemical industry and organic synthesis because of the strong activity of nitro -hydrogen.
China is the dominate producer of Nitromethane, the production was 48.64 K MT in 2018, accounting for about 60.72% of the total amount. Major manufacturers are distributed in China. such as Yuan Bo Chemical, Zibo Xinglu Chemical Factory, Hubei Grand Fuch, etc. As a consequence, the price of Nitromethane has increased dramatically since 2019. The price is forecasted to reduce in the coming years, as improvement of supply and demand structure.
According to this study, over the next five years the Nitromethane market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 199 million by 2024, from US$ 155.2 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Nitromethane business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Nitromethane market by product type, application, key manufacturers and key regions and countries.
This study considers the Nitromethane value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
0.999 Grade
0.995 Grade
0.99 Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Solvent
Synthesis Intermediates
Fuel
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ANGUS
Yuan Bo Chemical
Zibo Xinglu Chemical Factory
Hubei Grand Fuch
Xinghui Chemical
Shandong Baoyuan Chemical
Wujiang Bolin Industry
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Nitromethane consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Nitromethane market by identifying its various subsegments.
Focuses on the key global Nitromethane manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Nitromethane with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Nitromethane submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Related Information:
North America Nitromethane Market Growth 2019-2024
United States Nitromethane Market Growth 2019-2024
Asia-Pacific Nitromethane Market Growth 2019-2024
Europe Nitromethane Market Growth 2019-2024
EMEA Nitromethane Market Growth 2019-2024
Global Nitromethane Market Growth 2019-2024
China Nitromethane Market Growth 2019-2024
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ANGUS
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