Picric Acid Market

Picric Acid Market: Dynamics

Growing use of ammunition and explosive equipment in defence and military sector has elevated the procurement of arms ammunition, owing to which there rise in demand for explosives and munitions which in turn is anticipated to increase the demand for picric acid. Mining industry imbibing industrial grade explosives is also identified as another significant user of picric acid hence subsequently generating additional requirement of the chemical. The growing agrochemical industry is also expected to positively influence the picric acid market. The general purpose medicines coupled with is also expected to have a positive impact on the picric acid market. Demand from Textile industry is also expected to up surge the consumption for picric acid for the formulation of dyes. However, due to the toxic nature of picric acid, end-users are looking for alternative solutions due to rising environmental concerns. Increasing awareness regarding environmental pollution and safety, there has been rise in the number stringent environmental regulations. The aforementioned factors might hamper the growth of picric acid market to an extent.   

Picric Acid Market: Regional Outlook

Demand of picric acid is expected to be generated from Asia Pacific region at significant level owing to demand from the established industries such as textiles, pharmaceutical and agrochemicals in the long term. Regions such as Europe and North America will witness primary demand of picric acid from defence and military as well as mining sectors. Growth of mining, pharmaceuticals and agrochemicals industry in Latin America as well Middle East & Africa will collectively make LAMEA a potential market for picric acid which is currently at a nascent stage.  

Picric Acid Market: Key Participants

Some of the key market participants identified in the global picric acid market are:

BASF SE, DowDuPont Inc., 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, and Mubychem Group among others.

The Picric Acid market research report presents a comprehensive assessment of the Picric Acid market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Picric Acid market research report provides analysis and information according to Picric Acid market segments such as geographies, application and industry.

The report covers exhaustive analysis on,

• Picric Acid Market Segments
• Picric Acid  Market Dynamics
• Picric Acid  Market Size
• Picric Acid Supply & Demand Scenario
• Current Trends/Issues/Challenges in Picric Acid market
• Competition & Companies involved in Picric Acid market
• Technology used in Picric Acid Market
• Value Chain of Picric Acid Market

Regional analysis includes,

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Picric Acid Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Picric Acid market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Picric Acid market segments and geographies.