Market Overview:
The global synthetic nicotine market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for e-cigarettes, rising awareness about the harmful effects of smoking, and growing number of smokers in developing countries. Synthetic nicotine is available in two types: purity >99% and purity >99.5%. The former type is mainly used in e-cigarettes, while the latter type is used for drugs and other applications. Among regions, North America dominates the global synthetic nicotine market followed by Europe and Asia Pacific.
Product Definition:
Synthetic nicotine is a chemical compound that is used in the production of cigarettes and other tobacco products. It is a synthetic version of nicotine, the active ingredient in tobacco.
Purity: >99%:
Purity: >99%, it's usage.
The global synthetic nicotine market is expected to witness significant growth over the forecast period owing to its increasing demand as a substitute for tobacco products. The rising number of smokers across the globe has led to an increase in demand for these products, which is projected to drive the overall industry.
Purity: >99.5%:
The current trend of using natural nicotine extracted from tobacco leaves is driving the demand for purer form of nicotine which can be used in various applications such as e-cigarettes, vape pens, and smokeless cigarettes.
Application Insights:
The other application segment includes the product usage in manufacturing e-liquid for electronic cigarettes, which is further processed and used in various oral inhalers such as nebulizers, metered dose inhalers (MDIs) and dry powder inhalers (DPIs). The global market for these devices is expected to witness significant growth on account of increasing awareness regarding the harmful effects of tobacco smoking. In addition, growing regulations related to nicotine intake are likely to propel demand over the forecast period.
E-cigarette manufacturers have been trying hard to establish their dominance in this industry by coming up with new products and innovations. For instance, last year Pfizer Inc., a U.S.-based pharmaceutical company launched Nicotinell Encore Kit that allows smokers who have been unsuccessful at quitting using traditional methods to successfully quit smoking without relapse. Such initiatives from key players are anticipated to fuel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to maintain its position over the forecast period. The region has a large number of smokers, most notably in China, India, Japan and South Korea. These countries have been observed to be investing heavily in e-cigarette manufacturing companies owing to growing demand among consumers for such products. This trend is projected to continue over the coming years as these products are considered safer than tobacco smoking cigarettes or cigars.
Europe accounted for more than 25% of global revenue share in 2017 owing to high demand from countries including Germany, U.K., Italy and France among others where stringent regulations regarding synthetic nicotine usage are present (UICN 2012). In Europe, e-cigarettes have gained significant popularity as they do not contain many toxicants associated with tobacco smoke like carbon monoxide gas that causes cancer or tar that causes lung diseases (Liu et al 2016).
Growth Factors:
- Increasing demand for smokeless tobacco products: The global synthetic nicotine market is expected to grow at a CAGR of 6.5% during the forecast period. This can be attributed to the increasing demand for smokeless tobacco products, especially in developed countries such as the U.S., Canada, and Europe.
- Growing popularity of vaping: The growing popularity of vaping is another major growth driver for the global synthetic nicotine market. Vaping is considered a healthier alternative to smoking and this is driving its adoption among consumers worldwide.
- Rising awareness about the harmful effects of smoking: There has been a rising awareness about the harmful effects of smoking in recent years and this is prompting many people to switch to smokeless tobacco products such as e-cigarettes and vape pens instead.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Nicotine Market Research Report
By Type
Purity: >99%, Purity: >99.5%
By Application
E-Cigarette, Drugs, Other
By Companies
Next Generation Labs, Chemnovatic, Jincheng Pharmaceutical
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Nicotine Market Report Segments:
The global Synthetic Nicotine market is segmented on the basis of:
Types
Purity: >99%, Purity: >99.5%
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
E-Cigarette, Drugs, Other
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:
- Next Generation Labs
- Chemnovatic
- Jincheng Pharmaceutical
Highlights of The Synthetic Nicotine 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:
- Purity: >99%
- Purity: >99.5%
- By Application:
- E-Cigarette
- Drugs
- Other
- 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 Synthetic Nicotine 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?
Synthetic nicotine is a man-made chemical that is often used in e-cigarettes and other vaping products. It’s often called “juice,” “propylene glycol,” or “ vegetable glycerin.”
Some of the key players operating in the synthetic nicotine market are Next Generation Labs, Chemnovatic, Jincheng Pharmaceutical.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Nicotine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic Nicotine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Nicotine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic Nicotine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic Nicotine Market Size & Forecast, 2020-2028
4.5.1 Synthetic Nicotine Market Size and Y-o-Y Growth
4.5.2 Synthetic Nicotine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purity: >99%
5.2.2 Purity: >99.5%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 E-Cigarette
6.2.2 Drugs
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Nicotine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synthetic Nicotine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purity: >99%
9.6.2 Purity: >99.5%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 E-Cigarette
9.10.2 Drugs
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purity: >99%
10.6.2 Purity: >99.5%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 E-Cigarette
10.10.2 Drugs
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purity: >99%
11.6.2 Purity: >99.5%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 E-Cigarette
11.10.2 Drugs
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purity: >99%
12.6.2 Purity: >99.5%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 E-Cigarette
12.10.2 Drugs
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purity: >99%
13.6.2 Purity: >99.5%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 E-Cigarette
13.10.2 Drugs
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synthetic Nicotine Market: Competitive Dashboard
14.2 Global Synthetic Nicotine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Next Generation Labs
14.3.2 Chemnovatic
14.3.3 Jincheng Pharmaceutical
