According to the latest report by IMARC Group, titled, “Ceric Ammonium Nitrate Market Trends: Global Industry, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global ceric ammonium nitrate market reached a value of US$ 164.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 239.66 Million by 2027 exhibiting a CAGR of 6.20% during 2022-2027.

Ceric ammonium nitrate, or CAN, is an inorganic compound that appears as orange-red, water-soluble crystals. It is prepared through electrolytic oxidation of cerous nitrate in nitric acid, followed by treatment with ammonium nitrate. CAN is widely used as an oxidizing agent and as a catalyst in the polymerization of olefins.

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Market Trends

The global ceric ammonium nitrate market is primarily driven by its emerging applications in the chemical and medical industries. Additionally, the widespread adoption of CAN in polyvinyl chloride (PVC) products, drugs, paints, coatings, printing inks, adhesives, lubricants, and diesel additives has augmented the product demand. Furthermore, the growing usage of photomasks due to the escalating demand for smart homes and the rising trend of electronics miniaturization has accelerated the product adoption rate. Other factors, including the various technological advancements, ongoing research and development (R&D) activities, and product innovations, are also anticipated to propel the market growth in the upcoming years.

NoteWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Absco Limited
  • Blue Line Corporation
  • Merck KGaA
  • Otto Chemie Pvt. Ltd.
  • Oxford Lab Fine Chem LLP
  • Santa Cruz Biotechnology Inc.
  • Suvchem
  • TCI Chemicals (India) Private Limited
  • Thomas Scientific (The Carlyle Group)
  • Toronto Research Chemicals Inc
  • Uranus Chemicals Co. Ltd.

The report has segmented the market based on type, product and application.

Breakup by Type:

  • Neutralization Method
  • Conversion Method

Breakup by Product:

  • Alcohols
  • Phenols
  • Ethers
  • Others

Breakup by Application:

  • Cosmetics
  • Pharmaceutical
  • Fertilizer
  • Dynamite
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Table of Content:

1    Preface
2    Scope and Methodology

2.1    Objectives of the Study
2.2    Stakeholders
2.3    Data Sources
2.3.1    Primary Sources
2.3.2    Secondary Sources
2.4    Market Estimation
2.4.1    Bottom-Up Approach
2.4.2    Top-Down Approach
2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

4.1    Overview
4.2    Key Industry Trends
5    Global Ceric Ammonium Nitrate Market
5.1    Market Overview
5.2    Market Performance
5.3    Impact of COVID-19
5.4    Market Forecast
6    Market Breakup by Type
6.1    Neutralization Method
6.1.1 Market Trends
6.1.2 Market Forecast
6.2    Conversion Method
6.2.1 Market Trends
6.2.2 Market Forecast
7    Market Breakup by Application
7.1   Laboratory Chemicals
7.1.1 Market Trends
7.1.2 Market Forecast
7.2    Photomasks
7.2.1 Market Trends
7.2.2 Market Forecast
7.3    Liquids Crystal Displays
7.3.1 Market Trends
7.3.2 Market Forecast
7.4    Others
7.4.1 Market Trends
7.4.2 Market Forecast
8    Market Breakup by Region
8.1    North America
8.1.1 United States Market Trends Market Forecast
8.1.2 Canada Market Trends Market Forecast
8.2    Asia-Pacific
8.2.1 China Market Trends Market Forecast
8.2.2 Japan Market Trends Market Forecast
8.2.3 India Market Trends Market Forecast
8.2.4 South Korea Market Trends Market Forecast
8.2.5 Australia Market Trends Market Forecast
8.2.6 Indonesia Market Trends Market Forecast
8.2.7 Others Market Trends Market Forecast
8.3    Europe
8.3.1 Germany Market Trends Market Forecast
8.3.2 France Market Trends Market Forecast
8.3.3 United Kingdom Market Trends Market Forecast
8.3.4 Italy Market Trends Market Forecast
8.3.5 Spain Market Trends Market Forecast
8.3.6 Russia Market Trends Market Forecast
8.3.7 Others Market Trends Market Forecast
8.4    Latin America
8.4.1 Brazil Market Trends Market Forecast
8.4.2 Mexico Market Trends Market Forecast
8.4.3 Others Market Trends Market Forecast
8.5    Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9    SWOT Analysis
9.1    Overview
9.2    Strengths
9.3    Weaknesses
9.4    Opportunities
9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

11.1    Overview
11.2    Bargaining Power of Buyers
11.3    Bargaining Power of Suppliers
11.4    Degree of Competition
11.5    Threat of New Entrants
11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

13.1    Market Structure
13.2    Key Players
13.3    Profiles of Key Players
13.3.1    Absco Limited Company Overview Product Portfolio
13.3.2    Blue Line Corporation Company Overview Product Portfolio
13.3.3    Merck KGaA Company Overview Product Portfolio Financials SWOT Analysis
13.3.4    Otto Chemie Pvt. Ltd. Company Overview Product Portfolio
13.3.5    Oxford Lab Fine Chem LLP Company Overview Product Portfolio
13.3.6    Santa Cruz Biotechnology Inc. Company Overview Product Portfolio
13.3.7    Suvchem Company Overview Product Portfolio
13.3.8    TCI Chemicals (India) Private Limited Company Overview Product Portfolio
13.3.9    Thomas Scientific (The Carlyle Group) Company Overview Product Portfolio
13.3.10    Toronto Research Chemicals Inc. Company Overview Product Portfolio
13.3.11    Uranus Chemicals Co. Ltd. Company Overview Product Portfolio

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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