The picric acid market is anticipated to grow at a CAGR of 8% over the course of the forecast period, from US$ 34.6 Billion in 2021 to US$ 80.6 Billion by 2032.
Due to increasing competition, it is predicted that the market for picric acid would exhibit encouraging development possibilities over the forecast period. In order to meet the need for picric acid, new rivals are providing a variety of choices at affordable prices, increasing consumer access to it.
FMI’s latest report on global Picric Acid market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Picric Acid in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Picric Acid market.
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Impact of COVID-19 on Picric Acid Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Picric Acid market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Picric Acid Market: Key Segmentation
By Grade:
- Commercial Grade (<99%)
- High Purity Grade (≥99%)
By Moisture Content:
- Dry/Dehydrated
- Less than 30%
- More than 30%
By Application:
- Explosives & Munitions
- Chemical Intermediates
- Antiseptics
By End User:
- Defence/Ballistics
- Pharmaceuticals
- Agrochemicals
- Textile
- Mining
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Picric Acid Market: Competitive Evaluation
The FMI’s Picric Acid market report provides a comprehensive analysis on key players operating in the Picric Acid market. Some of the key players are:
BASF SE, DowDuPont Inc., Innospec, Odyssey Organics, Aadhunik Industries, Anmol Chemicals Group, Hefei TNJ Chemical Industry Co., Ltd., Spectrum Chemicals, Loba Chemie Fine Chemicals, Merck KGaA, Ricca Chemical Company, and Mubychem Group
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Picric Acid market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Picric Acid market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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