The Picric Acid Market was valued at USD 34.6 Bn in 2021. The market is projected to grow USD 85.2 Bn in 2030, at a CAGR of 8.2%. Picric acid is an odorless crystalline solid of pale yellow color used in the production of explosives, matches, and electric batteries. The IUPAC name of picric acid is 2,4,6-trinitrophenol. The picric acid is used to etch copper and make colored glass, as well as in the leather industry and dye synthesis. Picric acid is a flammable/combustible substance that is highly unstable. When exposed to heat, flame, friction, or shock, dried-out picric acid may explode, and it should be considered as an explosive. Picric acid reacts violently with oxidizing materials, forming unstable salts with concrete, ammonia, bases, and metals. Picric acid is stronger acid than phenol as it decomposes carbonates. It is advised to store tightly sealed in a cool, ventilated place, away from severe fire hazards and easily oxidized materials.
The most recent research report on the Global Picric Acid Market Research 2022-2030 discusses upcoming trends as well as an in-depth analysis of the Picric Acid market's global regional landscape. Furthermore, the global Picric Acid market report assesses comprehensive details such as demand and supply rate, significant contribution by leading industry manufacturers, Picric Acid market share, and Picric Acid industry growth rate.
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Extensive secondary research was conducted in this study to gather information about the Global Picric Acid market. Furthermore, primary research on individual businesses has been conducted to support the stated assumptions and findings. The Picric Acid market research report is said to be a basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly regarded position in the global Picric Acid market.
We've also included a summary of its major manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. In addition, the Picric Acid market has been divided into segments based on upstream raw materials, definitions, downstream consumers, and equipment analysis. The global Picric Acid market report also includes information on upcoming trends, the competitive landscape, Picric Acid market influencing factors, and key statistics for each industry.
In order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Picric Acid market, the global Picric Acid market report has been segmented by application, major manufacturers, product types, and topological zones. The Picric Acid market report thoroughly investigates several significant parameters such as Picric Acid market share, investments, revenue growth, globalization demand and supply factors. The research paper also compares the production value and growth rate of the Picric Acid market across different geographies. It also focuses on top consumers, consumption, product capacity, market share, and expected growth opportunities.
Top Players involved in this report are:
Restek Corporation
Odyssey Organic
ANMOL CHEMICALS
Merck KGaA
Aadhunik Industries
RICCA Chemical Company
LobaChemie Pvt.Ltd.
Finoric LLC
SOMATCO
Spectrum Chemical Mfg. Corp.
Parchem fine & specialty chemicals
Indian PlaEnergetic Materialsum Private Limited.
Sisco Research Laboratories Pvt. Ltd.
LookChem
Hefei TNJ Chemical Industry Co.,Ltd.
Others
Global Picric Acid Market segmentation by Types:
Dry
Wet
The Application of the Picric Acid market can be divided as:
Explosives
Antiseptic
Energetic Materials
Thin Films
Power Generation
Others
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Picric Acid market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Picric Acid industry players in accordance with product picture and its portfolios, Picric Acid market plans, and technology. We have also mentioned strength and weaknesses of the Picric Acid market alongside the competitive benefits which improves productivity and efficiency of the companies.
