Press release
Global Guanidine Nitrate Market: Advancing Applications in Defense and Chemicals
Guanidine Nitrate - Market SizePurity 90%, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period.
The global Guanidine Nitrate market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Guanidine Nitrate in various end use industries. The expanding demands from the Pharmaceutical Intermediates, Safety Airbag Industry, Explosives and Rocket Propellants and Photographic Materials, are propelling Guanidine Nitrate market. Growth in the Purity 98% segment is estimated at % CAGR for the next seven-year period.
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Asia Pacific shows high growth potential for Guanidine Nitrate market, driven by demand from China, the second largest economy with some signs of stabilising, the Guanidine Nitrate market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
By Type
• Purity 90%
• Purity 98%
• Purity 99%
By Application
• Pharmaceutical Intermediates
• Safety Airbag Industry
• Explosives and Rocket Propellants
• Photographic Materials
• Disinfectants
Key Companies
• AlzChem AG
• Canpex Chemicals
• Vihita Chem
• Ningxia Jiafeng Chemicals
• Ningxia Soochow Agrochemical
• Jiangsu Wugan Biological Technology
• Kunshan Kunhua Co., Ltd
• Zibo Nano
• Nantong Tendenci Chemical
• Ningxia Great Xing Bo Chemical
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