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Ceric Ammonium Nitrate Market Trends, Growth, Size, Share and Forecast 2022-2027
Ceric Ammonium Nitrate Market Research Report 2022-2027
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Overview:
An inorganic substance known as ceric ammonium nitrate, or CAN, manifests as orange-red, water-soluble crystals. It is prepared through electrolytic oxidation of cerous nitrate in nitric acid, followed by treatment with ammonium nitrate. CAN is widely used as an oxidizing agent and as a catalyst in the polymerization of olefins.
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Ceric Ammonium Nitrate Market Trends and Drivers:
The growing use of ceric ammonium nitrate in the chemical and medicinal sectors is the main factor driving the market for it globally. Additionally, the widespread adoption of CAN in polyvinyl chloride (PVC) products, drugs, paints, coatings, printing inks, adhesives, lubricants, and diesel additives has augmented the product demand. Furthermore, the growing usage of photomasks due to the escalating demand for smart homes and the rising trend of electronics miniaturization has accelerated the product adoption rate. Other factors, including the various technological advancements, ongoing research and development (R&D) activities, and product innovations, are also anticipated to propel the market growth in the upcoming years.
Ceric Ammonium Nitrate Market 2022-2027 Competitive Analysis and Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ceric ammonium nitrate market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Absco Limited
Blue Line Corporation
Merck KGaA
Otto Chemie Pvt. Ltd.
Oxford Lab Fine Chem LLP
Santa Cruz Biotechnology Inc.
Suvchem
TCI Chemicals (India) Private Limited
Thomas Scientific (The Carlyle Group)
Toronto Research Chemicals Inc
Uranus Chemicals Co. Ltd.
Breakup by Type:
Neutralization Method
Conversion Method
Breakup by Product:
Alcohols
Phenols
Ethers
Others
Breakup by Application:
Cosmetics
Pharmaceutical
Fertilizer
Dynamite
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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