The global picric acid market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for picric acid in various applications such as defence and ballistics, pharmaceuticals, agrochemicals, textile and mining. Picric acid is used in the production of explosives such as TNT and RDX. It is also used in the production of pharmaceuticals such as acetylsalicylic acid (ASA) which is an anti-inflammatory drug that reduces fever and pain associated with inflammation or injury. Picric acid has been found to have antibacterial properties which makes it suitable for use in textile industry where it can be used for dyeing fabrics or treating woolen garments against moths. It has also been found that picric acid can be used for extracting gold from ore deposits by dissolving them into a solution containing picrate ions which are then precipitated out by adding sodium chloride (NaCl).
Some Of The Growth Factors Of This Market:
- The demand for picric acid is expected to increase in the near future due to its use in the production of explosives and other military applications.
- Picric acid is used as a precursor for many other chemicals, such as phenol, which are used in the production of plastics and pharmaceuticals.
- Picric acid is also used as a reagent in organic synthesis reactions, such as those that produce phenols and anilines from benzene or nitrobenzene respectively.
- The global population growth will lead to increased demand for picric acid because it can be used to make fertilizers that help crops grow better by increasing their nitrogen content and improving their ability to withstand drought conditions; this will be especially true if climate change leads to more frequent droughts around the world over time.
- Increased demand for picric acid could also come from increased use of pesticides on crops; these pesticides often contain picric acid or its derivatives, so increased usage would lead to higher demand for these chemicals over time too.
Industry Growth Insights published a new data on “Picric Acid Market”. The research report is titled “Picric Acid Market research by Types (Dry/Dehydrated, Less than 30%, More than 30%), By Applications (Defence/Ballistics, Pharmaceuticals, Agrochemicals, Textile, Mining), By Players/Companies BASF SE, 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, Mubychem Group”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Picric Acid Market Research Report
By Type
Dry/Dehydrated, Less than 30%, More than 30%
By Application
Defence/Ballistics, Pharmaceuticals, Agrochemicals, Textile, Mining
By Companies
BASF SE, 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, Mubychem Group
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Picric Acid Market Report Segments:
The global Picric Acid market is segmented on the basis of:
Types
Dry/Dehydrated, Less than 30%, More than 30%
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
Defence/Ballistics, Pharmaceuticals, Agrochemicals, Textile, Mining
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 SE
- 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
- Mubychem Group
Highlights of The Picric Acid 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:
- Dry/Dehydrated
- Less than 30%
- More than 30%
- By Application:
- Defence/Ballistics
- Pharmaceuticals
- Agrochemicals
- Textile
- Mining
- 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 Picric Acid 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Picric acid is a white crystalline solid with the chemical formula C6H5NO3. It is a weak acid that can be used in manufacturing, as well as being found naturally in plants and some minerals.
Some of the major players in the picric acid market are BASF SE, 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, Mubychem Group.
The picric acid market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Picric Acid 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. Picric Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Picric Acid Market - Supply Chain
4.5. Global Picric Acid Market Forecast
4.5.1. Picric Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Picric Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Picric Acid Market Absolute $ Opportunity
5. Global Picric Acid 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. Picric Acid Market Size and Volume Forecast by Type
5.3.1. Dry/Dehydrated
5.3.2. Less than 30%
5.3.3. More than 30%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Picric Acid 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. Picric Acid Market Size and Volume Forecast by Application
6.3.1. Defence/Ballistics
6.3.2. Pharmaceuticals
6.3.3. Agrochemicals
6.3.4. Textile
6.3.5. Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Picric Acid 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. Picric Acid 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 Picric Acid 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. Picric Acid 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 Picric Acid Demand Share Forecast, 2019-2026
9. North America Picric Acid 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 Picric Acid 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 Picric Acid Market Size and Volume Forecast by Application
9.4.1. Defence/Ballistics
9.4.2. Pharmaceuticals
9.4.3. Agrochemicals
9.4.4. Textile
9.4.5. Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Picric Acid Market Size and Volume Forecast by Type
9.7.1. Dry/Dehydrated
9.7.2. Less than 30%
9.7.3. More than 30%
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 Picric Acid Demand Share Forecast, 2019-2026
10. Latin America Picric Acid 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 Picric Acid 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 Picric Acid Market Size and Volume Forecast by Application
10.4.1. Defence/Ballistics
10.4.2. Pharmaceuticals
10.4.3. Agrochemicals
10.4.4. Textile
10.4.5. Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Picric Acid Market Size and Volume Forecast by Type
10.7.1. Dry/Dehydrated
10.7.2. Less than 30%
10.7.3. More than 30%
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 Picric Acid Demand Share Forecast, 2019-2026
11. Europe Picric Acid 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 Picric Acid 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 Picric Acid Market Size and Volume Forecast by Application
11.4.1. Defence/Ballistics
11.4.2. Pharmaceuticals
11.4.3. Agrochemicals
11.4.4. Textile
11.4.5. Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Picric Acid Market Size and Volume Forecast by Type
11.7.1. Dry/Dehydrated
11.7.2. Less than 30%
11.7.3. More than 30%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/GrowthPotential 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 Picric Acid Demand Share, 2019-2026
12. Asia Pacific Picric Acid 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 Picric Acid 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 Picric Acid Market Size and Volume Forecast by Application
12.4.1. Defence/Ballistics
12.4.2. Pharmaceuticals
12.4.3. Agrochemicals
12.4.4. Textile
12.4.5. Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Picric Acid Market Size and Volume Forecast by Type
12.7.1. Dry/Dehydrated
12.7.2. Less than 30%
12.7.3. More than 30%
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 Picric Acid Demand Share, 2019-2026
13. Middle East & Africa Picric Acid 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 Picric Acid 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 Picric Acid Market Size and Volume Forecast by Application
13.4.1. Defence/Ballistics
13.4.2. Pharmaceuticals
13.4.3. Agrochemicals
13.4.4. Textile
13.4.5. Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Picric Acid Market Size and Volume Forecast by Type
13.7.1. Dry/Dehydrated
13.7.2. Less than 30%
13.7.3. More than 30%
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 Picric Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Picric Acid Market: Market Share Analysis
14.2. Picric Acid Distributors and Customers
14.3. Picric Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Innospec
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Odyssey Organics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aadhunik Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Anmol Chemicals Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hefei TNJ Chemical Industry Co.,Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Spectrum Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Loba Chemie Fine Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Merck KGaA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ricca Chemical Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mubychem Group
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
