Ceric Ammonium Nitrate Market Size, Analysis, Report 2023-2028

Ceric Ammonium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4866

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Market Overview:

The global ceric ammonium nitrate market size reached US$ 173.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 247.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

Ceric ammonium nitrate is a water-soluble, inorganic compound prepared by electrolytic oxidation of cerous nitrate in nitric acid followed by treatment with ammonium nitrate solution. It acts as a catalyst in the polymerization of olefins and is used in the organic oxidation reaction of electrophilic radicals to alkenes, secondary alcohols into ketones, and benzylic alcohols into aldehydes. It is also utilized in the production of chrome etchant, which is a vital component of electronic items.

Ceric Ammonium Nitrate Market Trends:

Ceric ammonium nitrate presently finds application as a vital feedstock in different end use industries worldwide. This represents one of the key factors impelling the market growth. Apart from this, the expanding usage of oxo-alcohols in the manufacturing of polyvinyl chloride (PVC) products, printing inks, paints, coatings, adhesives, lubricants, diesel additives, and drugs is contributing to the market growth. Moreover, catalytic amounts of aqueous ceric ammonium nitrate are used in tap water to synthesize various quinoxaline derivates efficiently. In addition, as the synthesis of quinoxaline derivates has many disadvantages, ceric ammonium nitrate is gaining traction as an inexpensive and non-toxic solution around the world. Besides this, the escalating demand for LCDs in portable electronic games, digital cameras and camcorders, video projection systems, electronic billboards, computers, and flat-panel televisions (TVs) is creating a favorable outlook for the market. Furthermore, the growing popularity of smart homes and miniature electronics is driving the utilization of photomasks, which, in turn, is catalyzing the demand for ceric ammonium nitrate across the globe. The leading market players are also developing high-grade, reliable products that can be used to produce ceramics, glass, pharma items, pigments, textiles, paper, and specialty and fine chemicals, which is projected to influence the market positively.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ceric ammonium nitrate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

Neutralization Method
Conversion Method

Breakup by Application:

Laboratory Chemicals
Photomasks
Liquids Crystal Displays
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Uranus Chemicals Co. Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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. and Uranus Chemicals Co. Ltd.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global ceric ammonium nitrate market was valued at US$ 173.6 Million in 2022.

We expect the global ceric ammonium nitrate market to exhibit a CAGR of 5.5% during 2023-2028.

The rising adoption of ceric ammonium nitrate as a reagent across the consumer electronics industry for templated synthesis in digital cameras, camcorders, video projection systems, etc., is primarily driving the global ceric ammonium nitrate market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in a temporary halt in numerous production activities for ceric ammonium nitrate.

Based on the application, the global ceric ammonium nitrate market can be bifurcated into laboratory chemicals, photomasks, liquids crystal displays, and others. Currently, laboratory chemicals exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global ceric ammonium nitrate market include 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., and Uranus Chemicals Co. Ltd.

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