The nitromethane market is likely to register a CAGR of 5% during the forecast period, and is anticipated to reach a market share of USD 12.57 Billion by 2032, from USD 7 Billion in 2020, as organic synthesis of medicinal and agrochemical compounds is in high demand.
| Attributes | Details |
|---|---|
| Nitromethane Market CAGR | 5% |
| Nitromethane Market (2020) | USD 7 Billion |
| Nitromethane Market Size (2032) | USD 12.57 Billion |
Due to the rising demand for nitromethane in various industries, such as automotive, pharmaceuticals, and explosives, the worldwide nitromethane market is predicted to grow rapidly during the forecast period. The expansion of the pharmaceutical sector in Asia Pacific countries such as India, Taiwan, and Thailand has created new opportunities for the nitromethane market.
Nitromethane is the most basic organic nitro compound and polar liquid, and it's mostly utilized as a solvent in industrial applications like extractions, reaction medium, and cleaning solvents, which determine sales of nitromethane. It is frequently employed as an intermediate in organic synthesis in the production of medications, insecticides, explosives, textiles, and coatings, which is a factor for improved sales of nitromethane.
The business models, major strategies, and respective nitromethane market shares of some of the most notable players in this sector are all examined in depth in this nitromethane market report.
The comprehensive analysis includes market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data that determine the demand for nitromethane, as well as an in-depth commentary on the key influencing variables. This report is one of the most thorough documents available, capturing all aspects of the rapidly changing nitromethane market.
The nitromethane market share is expanding, as nitromethane is a valuable molecule with significant demand in the organic synthesis of medicinal and agrochemical goods because it efficiently transfers nitrogen. Nitromethane is also employed as a stabilizer of chlorinated solvents in degreasing, dry cleaning, and semiconductor processing applications, leading to higher demand for nitromethane.
Nitromethane is also utilized in manufacturing adhesives as a dissolving agent or solvent for acrylate monomers. Nitromethane is also utilized as a fuel in high-powered motorsports like drag racing and rockets, which is a contributor to the sales of nitromethane.
When compared to gasoline, nitromethane requires a substantially smaller volume of air for burning, allowing more nitromethane fuel to be burned per engine stroke, resulting in high engine power, leading to higher sales of nitromethane comparatively.
Due to its low oxygen needs for combustion, nitromethane is employed as a monopropellant. As a result, nitromethane is used in a variety of sectors and is a versatile substance with numerous applications, which proliferates the sales of nitromethane. The pharmaceutical and agrochemical industries, as well as the automobile industry, are expected to drive the demand for nitromethane.
The pharmaceutical, agricultural, automotive, and chemical industries are expected to have moderate demand for nitromethane in the coming years. With rising demand for agricultural, chemical, and pharmaceutical products, the Asia Pacific area is likely to be a major nitromethane market.
The Asia Pacific region's fast-growing economy will drive up demand for nitromethane. Nitromethane is also a large market in North America and Europe, with consistent demand and a well-developed industry structure.
However, the health risks posed by nitromethane, as well as the strict restrictions governing its handling and use in these locations, raise concerns about sales of nitromethane and may act as a stifling factor. The United States, Germany, Norway, China, and the United Kingdom are some of the most important countries contributing to the nitromethane market share.
ANGUS Chemical Company, JIGCHEM UNIVERSAL, Greenchem Industries LLC, Wego Chemical & Mineral Corp, Linyi Yuan Chemical Co., Ltd, Zibo Xinglu Chemical Co., Ltd., Wujiang Bolin Industry Co., Ltd., Aceto Corporation, Antera Agro Chem, CDH Fine Chemicals India are some of the major players in the nitromethane market, which contributes to the nitromethane market share.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 5% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Product grade, application, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | ANGUS Chemical Company; Aceto Corporation; Greenchem Industries LLC; Wego Chemical & Mineral Corp; Linyi Yuan Chemical Co. Ltd; Zibo Xinglu Chemical Co. Ltd.; Wujiang Bolin Industry Co. Ltd.; JIGCHEM UNIVERSAL; Antera Agro Chem; CDH Fine Chemicals India |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Table 1: Global Nitromethane Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Nitromethane Market Volume (Tons) Forecast by Region, 2017-2032
Table 3: Global Nitromethane Market Value (US$ Mn) Forecast by Purity, 2017-2032
Table 4: Global Nitromethane Market Volume (Tons) Forecast by Purity, 2017-2032
Table 5: Global Nitromethane Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 6: Global Nitromethane Market Volume (Tons) Forecast by Application, 2017-2032
Table 7: North America Nitromethane Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 8: North America Nitromethane Market Volume (Tons) Forecast by Country, 2017-2032
Table 9: North America Nitromethane Market Value (US$ Mn) Forecast by Purity, 2017-2032
Table 10: North America Nitromethane Market Volume (Tons) Forecast by Purity, 2017-2032
Table 11: North America Nitromethane Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 12: North America Nitromethane Market Volume (Tons) Forecast by Application, 2017-2032
Table 13: Latin America Nitromethane Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: Latin America Nitromethane Market Volume (Tons) Forecast by Country, 2017-2032
Table 15: Latin America Nitromethane Market Value (US$ Mn) Forecast by Purity, 2017-2032
Table 16: Latin America Nitromethane Market Volume (Tons) Forecast by Purity, 2017-2032
Table 17: Latin America Nitromethane Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 18: Latin America Nitromethane Market Volume (Tons) Forecast by Application, 2017-2032
Table 19: Europe Nitromethane Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 20: Europe Nitromethane Market Volume (Tons) Forecast by Country, 2017-2032
Table 21: Europe Nitromethane Market Value (US$ Mn) Forecast by Purity, 2017-2032
Table 22: Europe Nitromethane Market Volume (Tons) Forecast by Purity, 2017-2032
Table 23: Europe Nitromethane Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 24: Europe Nitromethane Market Volume (Tons) Forecast by Application, 2017-2032
Table 25: East Asia Nitromethane Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 26: East Asia Nitromethane Market Volume (Tons) Forecast by Country, 2017-2032
Table 27: East Asia Nitromethane Market Value (US$ Mn) Forecast by Purity, 2017-2032
Table 28: East Asia Nitromethane Market Volume (Tons) Forecast by Purity, 2017-2032
Table 29: East Asia Nitromethane Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 30: East Asia Nitromethane Market Volume (Tons) Forecast by Application, 2017-2032
Table 31: South Asia & Pacific Nitromethane Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 32: South Asia & Pacific Nitromethane Market Volume (Tons) Forecast by Country, 2017-2032
Table 33: South Asia & Pacific Nitromethane Market Value (US$ Mn) Forecast by Purity, 2017-2032
Table 34: South Asia & Pacific Nitromethane Market Volume (Tons) Forecast by Purity, 2017-2032
Table 35: South Asia & Pacific Nitromethane Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 36: South Asia & Pacific Nitromethane Market Volume (Tons) Forecast by Application, 2017-2032
Table 37: MEA Nitromethane Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 38: MEA Nitromethane Market Volume (Tons) Forecast by Country, 2017-2032
Table 39: MEA Nitromethane Market Value (US$ Mn) Forecast by Purity, 2017-2032
Table 40: MEA Nitromethane Market Volume (Tons) Forecast by Purity, 2017-2032
Table 41: MEA Nitromethane Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 42: MEA Nitromethane Market Volume (Tons) Forecast by Application, 2017-2032
Figure 1: Global Nitromethane Market Value (US$ Mn) by Purity, 2022-2032
Figure 2: Global Nitromethane Market Value (US$ Mn) by Application, 2022-2032
Figure 3: Global Nitromethane Market Value (US$ Mn) by Region, 2022-2032
Figure 4: Global Nitromethane Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 5: Global Nitromethane Market Volume (Tons) Analysis by Region, 2017-2032
Figure 6: Global Nitromethane Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 7: Global Nitromethane Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 8: Global Nitromethane Market Value (US$ Mn) Analysis by Purity, 2017-2032
Figure 9: Global Nitromethane Market Volume (Tons) Analysis by Purity, 2017-2032
Figure 10: Global Nitromethane Market Value Share (%) and BPS Analysis by Purity, 2022-2032
Figure 11: Global Nitromethane Market Y-o-Y Growth (%) Projections by Purity, 2022-2032
Figure 12: Global Nitromethane Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 13: Global Nitromethane Market Volume (Tons) Analysis by Application, 2017-2032
Figure 14: Global Nitromethane Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 15: Global Nitromethane Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 16: Global Nitromethane Market Attractiveness by Purity, 2022-2032
Figure 17: Global Nitromethane Market Attractiveness by Application, 2022-2032
Figure 18: Global Nitromethane Market Attractiveness by Region, 2022-2032
Figure 19: North America Nitromethane Market Value (US$ Mn) by Purity, 2022-2032
Figure 20: North America Nitromethane Market Value (US$ Mn) by Application, 2022-2032
Figure 21: North America Nitromethane Market Value (US$ Mn) by Country, 2022-2032
Figure 22: North America Nitromethane Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 23: North America Nitromethane Market Volume (Tons) Analysis by Country, 2017-2032
Figure 24: North America Nitromethane Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 25: North America Nitromethane Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 26: North America Nitromethane Market Value (US$ Mn) Analysis by Purity, 2017-2032
Figure 27: North America Nitromethane Market Volume (Tons) Analysis by Purity, 2017-2032
Figure 28: North America Nitromethane Market Value Share (%) and BPS Analysis by Purity, 2022-2032
Figure 29: North America Nitromethane Market Y-o-Y Growth (%) Projections by Purity, 2022-2032
Figure 30: North America Nitromethane Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 31: North America Nitromethane Market Volume (Tons) Analysis by Application, 2017-2032
Figure 32: North America Nitromethane Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 33: North America Nitromethane Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 34: North America Nitromethane Market Attractiveness by Purity, 2022-2032
Figure 35: North America Nitromethane Market Attractiveness by Application, 2022-2032
Figure 36: North America Nitromethane Market Attractiveness by Country, 2022-2032
Figure 37: Latin America Nitromethane Market Value (US$ Mn) by Purity, 2022-2032
Figure 38: Latin America Nitromethane Market Value (US$ Mn) by Application, 2022-2032
Figure 39: Latin America Nitromethane Market Value (US$ Mn) by Country, 2022-2032
Figure 40: Latin America Nitromethane Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 41: Latin America Nitromethane Market Volume (Tons) Analysis by Country, 2017-2032
Figure 42: Latin America Nitromethane Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 43: Latin America Nitromethane Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 44: Latin America Nitromethane Market Value (US$ Mn) Analysis by Purity, 2017-2032
Figure 45: Latin America Nitromethane Market Volume (Tons) Analysis by Purity, 2017-2032
Figure 46: Latin America Nitromethane Market Value Share (%) and BPS Analysis by Purity, 2022-2032
Figure 47: Latin America Nitromethane Market Y-o-Y Growth (%) Projections by Purity, 2022-2032
Figure 48: Latin America Nitromethane Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 49: Latin America Nitromethane Market Volume (Tons) Analysis by Application, 2017-2032
Figure 50: Latin America Nitromethane Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 51: Latin America Nitromethane Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 52: Latin America Nitromethane Market Attractiveness by Purity, 2022-2032
Figure 53: Latin America Nitromethane Market Attractiveness by Application, 2022-2032
Figure 54: Latin America Nitromethane Market Attractiveness by Country, 2022-2032
Figure 55: Europe Nitromethane Market Value (US$ Mn) by Purity, 2022-2032
Figure 56: Europe Nitromethane Market Value (US$ Mn) by Application, 2022-2032
Figure 57: Europe Nitromethane Market Value (US$ Mn) by Country, 2022-2032
Figure 58: Europe Nitromethane Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 59: Europe Nitromethane Market Volume (Tons) Analysis by Country, 2017-2032
Figure 60: Europe Nitromethane Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 61: Europe Nitromethane Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 62: Europe Nitromethane Market Value (US$ Mn) Analysis by Purity, 2017-2032
Figure 63: Europe Nitromethane Market Volume (Tons) Analysis by Purity, 2017-2032
Figure 64: Europe Nitromethane Market Value Share (%) and BPS Analysis by Purity, 2022-2032
Figure 65: Europe Nitromethane Market Y-o-Y Growth (%) Projections by Purity, 2022-2032
Figure 66: Europe Nitromethane Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 67: Europe Nitromethane Market Volume (Tons) Analysis by Application, 2017-2032
Figure 68: Europe Nitromethane Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 69: Europe Nitromethane Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 70: Europe Nitromethane Market Attractiveness by Purity, 2022-2032
Figure 71: Europe Nitromethane Market Attractiveness by Application, 2022-2032
Figure 72: Europe Nitromethane Market Attractiveness by Country, 2022-2032
Figure 73: East Asia Nitromethane Market Value (US$ Mn) by Purity, 2022-2032
Figure 74: East Asia Nitromethane Market Value (US$ Mn) by Application, 2022-2032
Figure 75: East Asia Nitromethane Market Value (US$ Mn) by Country, 2022-2032
Figure 76: East Asia Nitromethane Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 77: East Asia Nitromethane Market Volume (Tons) Analysis by Country, 2017-2032
Figure 78: East Asia Nitromethane Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 79: East Asia Nitromethane Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 80: East Asia Nitromethane Market Value (US$ Mn) Analysis by Purity, 2017-2032
Figure 81: East Asia Nitromethane Market Volume (Tons) Analysis by Purity, 2017-2032
Figure 82: East Asia Nitromethane Market Value Share (%) and BPS Analysis by Purity, 2022-2032
Figure 83: East Asia Nitromethane Market Y-o-Y Growth (%) Projections by Purity, 2022-2032
Figure 84: East Asia Nitromethane Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 85: East Asia Nitromethane Market Volume (Tons) Analysis by Application, 2017-2032
Figure 86: East Asia Nitromethane Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 87: East Asia Nitromethane Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 88: East Asia Nitromethane Market Attractiveness by Purity, 2022-2032
Figure 89: East Asia Nitromethane Market Attractiveness by Application, 2022-2032
Figure 90: East Asia Nitromethane Market Attractiveness by Country, 2022-2032
Figure 91: South Asia & Pacific Nitromethane Market Value (US$ Mn) by Purity, 2022-2032
Figure 92: South Asia & Pacific Nitromethane Market Value (US$ Mn) by Application, 2022-2032
Figure 93: South Asia & Pacific Nitromethane Market Value (US$ Mn) by Country, 2022-2032
Figure 94: South Asia & Pacific Nitromethane Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 95: South Asia & Pacific Nitromethane Market Volume (Tons) Analysis by Country, 2017-2032
Figure 96: South Asia & Pacific Nitromethane Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 97: South Asia & Pacific Nitromethane Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 98: South Asia & Pacific Nitromethane Market Value (US$ Mn) Analysis by Purity, 2017-2032
Figure 99: South Asia & Pacific Nitromethane Market Volume (Tons) Analysis by Purity, 2017-2032
Figure 100: South Asia & Pacific Nitromethane Market Value Share (%) and BPS Analysis by Purity, 2022-2032
Figure 101: South Asia & Pacific Nitromethane Market Y-o-Y Growth (%) Projections by Purity, 2022-2032
Figure 102: South Asia & Pacific Nitromethane Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 103: South Asia & Pacific Nitromethane Market Volume (Tons) Analysis by Application, 2017-2032
Figure 104: South Asia & Pacific Nitromethane Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 105: South Asia & Pacific Nitromethane Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 106: South Asia & Pacific Nitromethane Market Attractiveness by Purity, 2022-2032
Figure 107: South Asia & Pacific Nitromethane Market Attractiveness by Application, 2022-2032
Figure 108: South Asia & Pacific Nitromethane Market Attractiveness by Country, 2022-2032
Figure 109: MEA Nitromethane Market Value (US$ Mn) by Purity, 2022-2032
Figure 110: MEA Nitromethane Market Value (US$ Mn) by Application, 2022-2032
Figure 111: MEA Nitromethane Market Value (US$ Mn) by Country, 2022-2032
Figure 112: MEA Nitromethane Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 113: MEA Nitromethane Market Volume (Tons) Analysis by Country, 2017-2032
Figure 114: MEA Nitromethane Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 115: MEA Nitromethane Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 116: MEA Nitromethane Market Value (US$ Mn) Analysis by Purity, 2017-2032
Figure 117: MEA Nitromethane Market Volume (Tons) Analysis by Purity, 2017-2032
Figure 118: MEA Nitromethane Market Value Share (%) and BPS Analysis by Purity, 2022-2032
Figure 119: MEA Nitromethane Market Y-o-Y Growth (%) Projections by Purity, 2022-2032
Figure 120: MEA Nitromethane Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 121: MEA Nitromethane Market Volume (Tons) Analysis by Application, 2017-2032
Figure 122: MEA Nitromethane Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 123: MEA Nitromethane Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 124: MEA Nitromethane Market Attractiveness by Purity, 2022-2032
Figure 125: MEA Nitromethane Market Attractiveness by Application, 2022-2032
Figure 126: MEA Nitromethane Market Attractiveness by Country, 2022-2032
The nitromethane market is anticipated to register a CAGR of 5% during the forecast period.
The nitromethane market share is anticipated to reach USD 12.57 Billion by 2032.
Demand for nitromethane is likely to rise, as organic synthesis of medicinal and agrochemical compounds is in high demand.
Nitromethane Market
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