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New Study on Nitromethane Market Report by Latest Innovations ,Global industry trends and regional analysis(North America Country, South America, Asia Country, Europe Country)| And business outlook till 2024

07-05-2019 01:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Reports Inc.

New Study on Nitromethane Market Report by Latest Innovations

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.

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Market Overview –
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.

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.
.

Top Key Players Covered In This Report:
• ANGUS
• Yuan Bo Chemical
• Zibo Xinglu Chemical Factory
• Hubei Grand Fuch
• Xinghui Chemical
• Shandong Baoyuan Chemical
• Wujiang Bolin Industry
• ...

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. This study considers the Nitromethane value generated from the sales of the following segments:

Segmentation By Product Type:
0.999 Grade
0.995 Grade
0.99 Grade

Segmentation By Application:
Solvent
Synthesis Intermediates
Fuel
Other

This report also splits the market by region: 
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 & others.

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Table of Contents
Chapter 1: Scope of the Report
Chapter 2: Executive Summary
Chapter 3: Global Nitromethane by Players
Chapter 4: Nitromethane by Regions
Chapter 5: Americas
Chapter 6: APAC
Chapter 7: Europe
Chapter 8: Middle East & Africa
Chapter 9: Market Drivers, Challenges and Trends
Chapter 10: Marketing, Distributors, and Customer
Chapter 11: Global Nitromethane Market Forecast
Chapter 12: Key Players Analysis

Conclusion :
The report gathers the essential information including the new strategies for growth of the industry and the potential players of the global Nitromethane Market. It enrolls the major industry player imperious the global Nitromethane Market along with their contribution to the global market.

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About Research Reports Inc:
Research Reports Inc offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries around the globe. Research Reports Inc. understands how imperative numerical surveying knowledge is for your management. Therefore, we have associated with the leading publishers and research firms all specially designed in specific domains, ensuring you will receive the most devoted data available.

Contact Us:
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Phone: US +1-855-419-2424 | Direct: +440330807757
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