Picric Acid Market is projected to grow USD 85.2 Bn in 2030, at a CAGR of 8.2%

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.

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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Picric Acid research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Picric Acid industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.

The report provides a comprehensive analysis of company profiles listed below:

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

Type Analysis of World Wide Market:

Dry

Wet

Segmentation of global Picric Acid Market by Application:

Defense

Textile

Pharmaceutical

Mining

Agriculture

Others

The study report offers a comprehensive analysis of Picric Acid Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America (Brazil, Argentina and Colombia etc.)

• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Scope of this Report:

• This report segments the global Picric Acid market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.

• The report helps stakeholders understand the pulse of the Picric Acid market and provides them with information on key market drivers, restraints, challenges and opportunities.

• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement and acquisitions.

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This research report gives detailed data about the major factors influencing the growth of the Picric Acid market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.