Picric Acid Market Size and Share Forecast Outlook 2025 to 2035

The Picric Acid Market is estimated to be valued at USD 47.0 billion in 2025 and is projected to reach USD 101.4 billion by 2035, registering a compound annual growth rate (CAGR) of 8.0% over the forecast period.

Quick Stats for Picric Acid Market

  • Industry Value (2025): USD 47.0 billion
  • Forecast Value (2035): USD 101.4 billion
  • Forecast CAGR: 8.0%
  • Leading Segment in 2025: High Purity Grade (≥99%) (53.6%)
  • Key Growth Region: North America, Asia-Pacific, Europe
  • Top Key Players: Anmol Chemicals Group, Aadhunik Industries, FINORIC LLC, Odyssey Organic., Hefei TNJ Chemical Industry Co., Ltd, Spectrum Chemicals, Loba Chemie Fine Chemicals, Ricca Chemical Company, Mubychem Group, Otto Chemie Pvt. Ltd., Thermo Fischer Scientific, RX Chemicals, DC Fine Chemicals

Picric Acid Market Market Value Analysis

Rationale for Segmental Growth in the Picric Acid Market

Market Overview

The picric acid market is witnessing steady expansion driven by its critical role in the explosives and munitions industry. High purity picric acid is increasingly sought after due to its superior chemical reactivity and stability, which are essential for producing reliable energetic compounds. Industrial demand is further supported by stringent quality requirements and safety regulations that favor materials with consistent purity levels.

The dry or dehydrated form of picric acid has become preferred due to its enhanced stability and longer shelf life, making it more suitable for storage and transportation in sensitive applications. Additionally, the ongoing modernization of military and defense sectors worldwide has led to increased procurement of high-quality raw materials for explosives manufacturing.

Looking ahead, market growth is expected to be driven by advancements in synthesis methods and expanding applications in specialized industries. The High Purity Grade segment, Dry/Dehydrated moisture content category, and Explosives & Munitions application are forecasted to dominate the market share.

Segmental Analysis

The market is segmented by Grade, Moisture Content, Application, and End User and region. By Grade, the market is divided into High Purity Grade (≥99%) and Commercial Grade (<99%). In terms of Moisture Content, the market is classified into Dry/Dehydrated, Less than 30%, and More than 30%.

Based on Application, the market is segmented into Explosives & Munitions, Chemical Intermediates, and Antiseptics. By End User, the market is divided into Defence/Ballistics, Pharmaceuticals, Agrochemicals, Textile, and Mining. Regionally, the market is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.

Insights into the Grade Segment: High Purity Grade (≥99%)

Picric Acid Market Analysis By Grade

The High Purity Grade (≥99%) segment is projected to account for 53.6% of the picric acid market revenue in 2025, maintaining its leadership position. This segment’s growth is attributed to the demand for chemically pure picric acid that ensures high performance and reliability in explosive formulations. The use of high purity grade material minimizes impurities that could affect sensitivity and stability, which is critical in defense applications.

Manufacturers prioritize this grade to comply with strict industry standards and enhance product safety. Moreover, high purity picric acid finds use in specialized chemical synthesis and laboratory applications, broadening its market demand.

As quality control becomes increasingly important in explosives production, the preference for high purity picric acid is expected to sustain market dominance.

Insights into the Moisture Content Segment: Dry/Dehydrated

Picric Acid Market Analysis By Moisture Content

The Dry/Dehydrated moisture content segment is projected to hold 47.2% of the market revenue in 2025, leading the moisture content categories. The dry form is preferred due to its improved chemical stability and reduced risk of decomposition during storage and handling.

Dry picric acid is easier to transport safely and less prone to moisture-related degradation, making it suitable for critical applications such as explosives manufacturing. The handling and safety protocols associated with dry picric acid have contributed to its adoption as the standard form in the industry.

Additionally, the dry form’s consistent performance in reactive processes has strengthened its position as the preferred moisture content segment. Continued focus on safe and stable material handling will support the growth of the Dry/Dehydrated segment.

Insights into the Application Segment: Explosives & Munitions

Picric Acid Market Analysis By Application

The Explosives & Munitions segment is expected to generate 58.9% of the picric acid market revenue in 2025, leading the application segments. Growth in this segment is driven by the ongoing demand for high-performance energetic materials in military and defense sectors. Picric acid’s explosive properties make it a critical ingredient in munitions and demolition explosives.

Defense modernization programs and increased geopolitical tensions in certain regions have contributed to higher procurement levels. The need for reliable and stable explosive compounds has led to stringent quality and purity standards in production, supporting the market demand for picric acid.

Beyond defense, this segment also serves industrial demolition and mining applications, expanding its market scope. As the demand for advanced energetic materials continues, the Explosives & Munitions segment is poised to maintain its leading share in the picric acid market.

What are the Key Growth Propellers to the Picric Acid Market Share?

Increased acquisition of ammunition and explosive equipment in the defence and military sectors has resulted in an increase in the sales of picric acid. Demand for explosives and munitions, which is expected to boost the demand for picric acid.

The mining sector, which uses industrial grade explosives, is also a large consumer for spiking the sales of picric acid, resulting in an increased demand for picric acid.

Additionally, the rising agrochemical sector is projected to benefit the sales of picric acid. The combination of general purpose drugs is also likely to benefit the sales of picric acid. Demand from the textile industry is also likely to drive up demand for picric acid colour formulation.

However, due to picric acid's toxicity, end users are seeking other alternatives in response to growing environmental concerns hence impacting sales of picric acid. With growing awareness of environmental pollution and safety, the number of strict environmental rules has increased. The reasons stated above may limit the growth and sales of picric acid to a certain extent.

Which is the Leading Region in the Picric Acid Market?

Picric Acid Market Cagr Analysis By Country

Demand for picric acid is predicted to grow significantly in the Asia Pacific area over the long term, owing to established sectors such as textiles, pharmaceuticals, and agrochemicals.

Sales of picric acid will be high in regions such as Europe and North America, particularly in the defence and military, as well as mining industries.

The expansion of the mining, pharmaceutical, and agrochemical industries in Latin America, as well as the Middle East and Africa, would jointly create an opportunity for the picric acid market, which is presently in its infancy.

Who are the Key Players in the Picric Acid Market?

Picric Acid Market Analysis By Company

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 are some of the leading participants in the picric acid market

Recent developments of the Picric Acid Market:

  • In October 2020, The Mosaic Company (United States) introduced Aspire, a new type of potassium. Aspire with Boron is a micronutrient-enhanced potassium granular fertiliser that has been shown to boost yields. Each granule of Aspire with Boron contains potassium and boron, ensuring consistent dispersion of both minerals throughout an acre. This product introduction aided the corporation in expanding its premium fertiliser range.

  • In December 2020, The Mosaic Company (the United States) bought the Fertilizers business of Vale S.A. (Brazil), a global enterprise engaged in metals and mining. Mosaic hopes to become the largest fertiliser producer and distributor in Brazil, one of the world's most important agricultural markets, with this acquisition. This purchase would offer the corporation with an incredible opportunity to profit on the rapidly increasing agriculture industry in Brazil.
  • Tunisia's Groupe Chimique Tunisien (GCT) and Chinese firms struck a deal in December 2020 to establish a super-triple phosphate manufacturing plant. This proposed factory would have an annual production capacity of 400 thousand tonnes of super triple phosphate. This manufacturing plant is being constructed to boost 2020 production of 6 million tonnes of commercial phosphate. The manufacturing unit will include a sulfuric acid unit as well as a phosphoric acid unit.

Scope of Report

Report Attribute Details
Growth rate CAGR of 8% from 2025 to 2035
Base year for estimation 2024
Historical data 2020 to 2024
Forecast period 2025 to 2035
Quantitative units Revenue in million and CAGR from 2025 to 2035
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered Grade, moisture content, application, end user, 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 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
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 of customized purchase options to meet your exact research needs.

Key Segments For Picric Acid Market

By Grade:

  • Commercial Grade (<99%)
  • High Purity Grade (≥99%)

By Moisture Content:

  • Dry/Dehydrated
  • Less than 30%
  • More than 30%

By Application:

  • Explosives & Munitions
  • Chemical Intermediates
  • Antiseptics

By End User:

  • Defence/Ballistics
  • Pharmaceuticals
  • Agrochemicals
  • Textile
  • Mining

By Region:

  • North America (USA, Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, UK., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Table of Content

  1. Executive Summary
    • Global Market Outlook
    • Demand-side Trends
    • Supply-side Trends
    • Technology Roadmap Analysis
    • Analysis and Recommendations
  2. Market Overview
    • Market Coverage / Taxonomy
    • Market Definition / Scope / Limitations
  3. Market Background
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunity
      • Trends
    • Scenario Forecast
      • Demand in Optimistic Scenario
      • Demand in Likely Scenario
      • Demand in Conservative Scenario
    • Opportunity Map Analysis
    • Product Life Cycle Analysis
    • Supply Chain Analysis
    • Investment Feasibility Matrix
    • Value Chain Analysis
    • PESTLE and Porter’s Analysis
    • Regulatory Landscape
    • Regional Parent Market Outlook
    • Production and Consumption Statistics
    • Import and Export Statistics
  4. Global Market Analysis 2020 to 2024 and Forecast, 2025 to 2035
    • Historical Market Size Value (USD Million) Analysis, 2020 to 2024
    • Current and Future Market Size Value (USD Million) Projections, 2025 to 2035
      • Y-o-Y Growth Trend Analysis
      • Absolute $ Opportunity Analysis
  5. Global Market Pricing Analysis 2020 to 2024 and Forecast 2025 to 2035
  6. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Grade
    • Introduction / Key Findings
    • Historical Market Size Value (USD Million) Analysis By Grade , 2020 to 2024
    • Current and Future Market Size Value (USD Million) Analysis and Forecast By Grade , 2025 to 2035
      • High Purity Grade (≥99%)
      • Commercial Grade (<99%)
    • Y-o-Y Growth Trend Analysis By Grade , 2020 to 2024
    • Absolute $ Opportunity Analysis By Grade , 2025 to 2035
  7. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Moisture Content
    • Introduction / Key Findings
    • Historical Market Size Value (USD Million) Analysis By Moisture Content, 2020 to 2024
    • Current and Future Market Size Value (USD Million) Analysis and Forecast By Moisture Content, 2025 to 2035
      • Dry/Dehydrated
      • Less than 30%
      • More than 30%
    • Y-o-Y Growth Trend Analysis By Moisture Content, 2020 to 2024
    • Absolute $ Opportunity Analysis By Moisture Content, 2025 to 2035
  8. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Application
    • Introduction / Key Findings
    • Historical Market Size Value (USD Million) Analysis By Application, 2020 to 2024
    • Current and Future Market Size Value (USD Million) Analysis and Forecast By Application, 2025 to 2035
      • Explosives & Munitions
      • Chemical Intermediates
      • Antiseptics
    • Y-o-Y Growth Trend Analysis By Application, 2020 to 2024
    • Absolute $ Opportunity Analysis By Application, 2025 to 2035
  9. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By End User
    • Introduction / Key Findings
    • Historical Market Size Value (USD Million) Analysis By End User, 2020 to 2024
    • Current and Future Market Size Value (USD Million) Analysis and Forecast By End User, 2025 to 2035
      • Defence/Ballistics
      • Pharmaceuticals
      • Agrochemicals
      • Textile
      • Mining
    • Y-o-Y Growth Trend Analysis By End User, 2020 to 2024
    • Absolute $ Opportunity Analysis By End User, 2025 to 2035
  10. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Region
    • Introduction
    • Historical Market Size Value (USD Million) Analysis By Region, 2020 to 2024
    • Current Market Size Value (USD Million) Analysis and Forecast By Region, 2025 to 2035
      • North America
      • Latin America
      • Western Europe
      • Eastern Europe
      • East Asia
      • South Asia and Pacific
      • Middle East & Africa
    • Market Attractiveness Analysis By Region
  11. North America Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • USA
        • Canada
        • Mexico
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Key Takeaways
  12. Latin America Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Brazil
        • Chile
        • Rest of Latin America
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Key Takeaways
  13. Western Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Germany
        • UK
        • Italy
        • Spain
        • France
        • Nordic
        • BENELUX
        • Rest of Western Europe
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Key Takeaways
  14. Eastern Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Russia
        • Poland
        • Hungary
        • Balkan & Baltic
        • Rest of Eastern Europe
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Key Takeaways
  15. East Asia Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • China
        • Japan
        • South Korea
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Key Takeaways
  16. South Asia and Pacific Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of South Asia and Pacific
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Key Takeaways
  17. Middle East & Africa Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
    • Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
    • Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
      • By Country
        • Kingdom of Saudi Arabia
        • Other GCC Countries
        • Turkiye
        • South Africa
        • Other African Union
        • Rest of Middle East & Africa
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Market Attractiveness Analysis
      • By Country
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
    • Key Takeaways
  18. Key Countries Market Analysis
    • USA
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Canada
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Mexico
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Brazil
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Chile
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Germany
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • UK
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Italy
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Spain
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • France
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • India
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • ASEAN
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Australia & New Zealand
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • China
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Japan
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • South Korea
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Russia
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Poland
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Hungary
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Kingdom of Saudi Arabia
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • Turkiye
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
    • South Africa
      • Pricing Analysis
      • Market Share Analysis, 2024
        • By Grade
        • By Moisture Content
        • By Application
        • By End User
  19. Market Structure Analysis
    • Competition Dashboard
    • Competition Benchmarking
    • Market Share Analysis of Top Players
      • By Regional
      • By Grade
      • By Moisture Content
      • By Application
      • By End User
  20. Competition Analysis
    • Competition Deep Dive
      • Anmol Chemicals Group
        • Overview
        • Product Portfolio
        • Profitability by Market Segments (Product/Age /Sales Channel/Region)
        • Sales Footprint
        • Strategy Overview
          • Marketing Strategy
          • Product Strategy
          • Channel Strategy
      • Aadhunik Industries
      • FINORIC LLC
      • Odyssey Organic.
      • Hefei TNJ Chemical Industry Co., Ltd
      • Spectrum Chemicals
      • Loba Chemie Fine Chemicals
      • Ricca Chemical Company
      • Mubychem Group
      • Otto Chemie Pvt. Ltd.
      • Thermo Fischer Scientific
      • RX Chemicals
      • DC Fine Chemicals
  21. Assumptions & Acronyms Used
  22. Research Methodology

List of Tables

  • Table 1: Global Market Value (USD Million) Forecast by Region, 2020-2035
  • Table 2: North America Market Value (USD Million) Forecast by Country, 2020-2035
  • Table 3: Latin America Market Value (USD Million) Forecast by Country, 2020-2035
  • Table 4: Western Europe Market Value (USD Million) Forecast by Country, 2020-2035
  • Table 5: Eastern Europe Market Value (USD Million) Forecast by Country, 2020-2035
  • Table 6: East Asia Market Value (USD Million) Forecast by Country, 2020-2035
  • Table 7: South Asia and Pacific Market Value (USD Million) Forecast by Country, 2020-2035
  • Table 8: Middle East & Africa Market Value (USD Million) Forecast by Country, 2020-2035

List of Figures

  • Figure 1: Global Market Pricing Analysis
  • Figure 2: Global Market Value (USD Million) Forecast 2020-2035
  • Figure 3: Global Market Value (USD Million) Share and BPS Analysis by Region, 2025 and 2035
  • Figure 4: Global Market Y-o-Y Growth Comparison by Region, 2025-2035
  • Figure 5: Global Market Attractiveness Analysis by Region
  • Figure 6: North America Market Incremental $ Opportunity, 2025-2035
  • Figure 7: Latin America Market Incremental $ Opportunity, 2025-2035
  • Figure 8: Western Europe Market Incremental $ Opportunity, 2025-2035
  • Figure 9: Eastern Europe Market Incremental $ Opportunity, 2025-2035
  • Figure 10: East Asia Market Incremental $ Opportunity, 2025-2035
  • Figure 11: South Asia and Pacific Market Incremental $ Opportunity, 2025-2035
  • Figure 12: Middle East & Africa Market Incremental $ Opportunity, 2025-2035
  • Figure 13: North America Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 14: Latin America Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 15: Western Europe Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 16: Eastern Europe Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 17: East Asia Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 18: South Asia and Pacific Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 19: Middle East & Africa Market Value Share and BPS Analysis by Country, 2025 and 2035
  • Figure 20: Global Market - Tier Structure Analysis
  • Figure 21: Global Market - Company Share Analysis

Frequently Asked Questions

How big is the picric acid market in 2025?

The global picric acid market is estimated to be valued at USD 47.0 billion in 2025.

What will be the market size for the picric acid market in 2035?

It is projected to reach USD 101.4 billion by 2035.

How much will be the CAGR of the picric acid market between 2025 and 2035?

The market is expected to grow at a 8.0% CAGR between 2025 and 2035.

What are the key product types in the picric acid market?

The key product types are high purity grade (≥99%) and commercial grade (<99%).

Which dry/dehydrated segment is expected to dominate the picric acid market in 2025?

dry/dehydrated segment is expected to dominate with a 47.2% industry share in 2025.

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