Market Overview:
The global ferric nitrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ferric nitrate from various applications such as catalyzers, analytical reagents, and chemical polishing. Ferric nitrate is also used in other applications such as dyes and pigments, pharmaceuticals, and water treatment. North America dominates the global ferric nitrate market followed by Europe and Asia Pacific.
Product Definition:
Ferric Nitrate is a salt of Ferric ion and Nitrate ion. It has the chemical formula Fe(NO3)3. It is an orange-red solid that is soluble in water. It can be used as an oxidizing agent and in the manufacture of explosives.
Laboratory Grade:
Laboratory grade ferric nitrate is a colorless and water-soluble solid. It has a slight odor. It's made from nitric acid, sodium thiosulfate, and dextrose anhydrous. The mixture is then crystallized by cooling the solution with ice water or dry ice cold water to obtain fine crystals that are free of any impurities.
Industrial Grade:
Industrial grade is used in the ferric nitrate market as an oxidizing agent. It helps in increasing the density of iron ore and reducing moisture content. Industrial grade has a high demand owing to its ability to reduce water content during processing, which results into a stable product with less risk of rusting and corrosion.
The chemical also acts as a catalyst during the reduction process, which further reduces carbon dioxide along with other impurities present in iron oxide ores.
Application Insights:
The catalyzer application segment accounted for the largest revenue share of over 40% in 2017. The demand for ferric nitrate is increasing in this application due to its ability to reduce emissions from diesel engines and gasoline engines. In addition, it also has a positive impact on the performance of gasoline engine by reducing deposits formation.
The chemical polishing application segment is expected to witness the fastest growth over the forecast period owing to its rising use as an analytical reagent and as a surface modifier in various industrial processes including metal plating, chromatography, and oil & gas refining among others. It acts as a catalyst that enhances chemical reactions while minimizing any kind of pollution generated during these processes through reduction in nitrogen oxides (NOx) emission by approximately 50%.
Regional Analysis:
Asia Pacific dominated the global ferric nitrate market in 2017 and is expected to continue its dominance over the forecast period. The presence of major chemical manufacturing companies such as Sinopec, PTT Public Company Limited, and Sibur Holding B.V. in China has fueled the demand for chemicals including ferric nitrate across Asia Pacific region.
The growing chemical industry across emerging economies such as India, South Korea, Taiwan has also fueled product demand owing to its increasing application scope in various industries including pharmaceuticals and textile among others.
Growth Factors:
- Increasing demand from the agricultural sector for fertilizers is expected to be a key growth driver for the ferric nitrate market over the forecast period.
- Growing demand from the water treatment industry as a coagulant and flocculant is also anticipated to fuel market growth in the coming years.
- Rising awareness about benefits of using ferric nitrate in various end-use industries is projected to boost demand over the next few years.
- Increasing investments by manufacturers in R&D activities to develop new products is likely to propel market growth during the forecast period. 5) Growing popularity of green and sustainable technologies across various industries is expected to create new opportunities for Ferric Nitrate market players in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferric Nitrate Market Research Report
By Type
Laboratory Grade, Industrial Grade
By Application
Catalyzer, Analytical Reagent, Chemical Polishing
By Companies
BASF, Pencco, Sigma-Aldrich, Alfa Aesar, TradeMark Nitrogen Corp., Merck Millipore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Ferric Nitrate Market Report Segments:
The global Ferric Nitrate market is segmented on the basis of:
Types
Laboratory Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Catalyzer, Analytical Reagent, Chemical Polishing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Pencco
- Sigma-Aldrich
- Alfa Aesar
- TradeMark Nitrogen Corp.
- Merck Millipore
Highlights of The Ferric Nitrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laboratory Grade
- Industrial Grade
- By Application:
- Catalyzer
- Analytical Reagent
- Chemical Polishing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferric Nitrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferric nitrate is a mineral that is found in the earth's crust. It is a dark brown, crystalline powder that can be easily dissolved in water. Ferric nitrate has many industrial uses, including as a fertilizer and pigment.
Some of the major companies in the ferric nitrate market are BASF, Pencco, Sigma-Aldrich, Alfa Aesar, TradeMark Nitrogen Corp., Merck Millipore.
The ferric nitrate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ferric Nitrate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ferric Nitrate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ferric Nitrate Market - Supply Chain
4.5. Global Ferric Nitrate Market Forecast
4.5.1. Ferric Nitrate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ferric Nitrate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ferric Nitrate Market Absolute $ Opportunity
5. Global Ferric Nitrate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ferric Nitrate Market Size and Volume Forecast by Type
5.3.1. Laboratory Grade
5.3.2. Industrial Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ferric Nitrate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ferric Nitrate Market Size and Volume Forecast by Application
6.3.1. Catalyzer
6.3.2. Analytical Reagent
6.3.3. Chemical Polishing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ferric Nitrate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ferric Nitrate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ferric Nitrate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ferric Nitrate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ferric Nitrate Demand Share Forecast, 2019-2026
9. North America Ferric Nitrate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ferric Nitrate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ferric Nitrate Market Size and Volume Forecast by Application
9.4.1. Catalyzer
9.4.2. Analytical Reagent
9.4.3. Chemical Polishing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ferric Nitrate Market Size and Volume Forecast by Type
9.7.1. Laboratory Grade
9.7.2. Industrial Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ferric Nitrate Demand Share Forecast, 2019-2026
10. Latin America Ferric Nitrate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ferric Nitrate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ferric Nitrate Market Size and Volume Forecast by Application
10.4.1. Catalyzer
10.4.2. Analytical Reagent
10.4.3. Chemical Polishing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ferric Nitrate Market Size and Volume Forecast by Type
10.7.1. Laboratory Grade
10.7.2. Industrial Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ferric Nitrate Demand Share Forecast, 2019-2026
11. Europe Ferric Nitrate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ferric Nitrate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ferric Nitrate Market Size and Volume Forecast by Application
11.4.1. Catalyzer
11.4.2. Analytical Reagent
11.4.3. Chemical Polishing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ferric Nitrate Market Size and Volume Forecast by Type
11.7.1. Laboratory Grade
11.7.2. Industrial Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ferric Nitrate Demand Share, 2019-2026
12. Asia Pacific Ferric Nitrate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ferric Nitrate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ferric Nitrate Market Size and Volume Forecast by Application
12.4.1. Catalyzer
12.4.2. Analytical Reagent
12.4.3. Chemical Polishing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ferric Nitrate Market Size and Volume Forecast by Type
12.7.1. Laboratory Grade
12.7.2. Industrial Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ferric Nitrate Demand Share, 2019-2026
13. Middle East & Africa Ferric Nitrate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ferric Nitrate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ferric Nitrate Market Size and Volume Forecast by Application
13.4.1. Catalyzer
13.4.2. Analytical Reagent
13.4.3. Chemical Polishing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ferric Nitrate Market Size and Volume Forecast by Type
13.7.1. Laboratory Grade
13.7.2. Industrial Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ferric Nitrate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ferric Nitrate Market: Market Share Analysis
14.2. Ferric Nitrate Distributors and Customers
14.3. Ferric Nitrate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pencco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sigma-Aldrich
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Alfa Aesar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TradeMark Nitrogen Corp.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Merck Millipore
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
