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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A strong research methodology employed in the winning Picric Acid Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.
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:
Explosives
Antiseptic
Energetic Materials
Thin Films
Power Generation
Others
Segmentation of global Picric Acid Market by Application:
Defense
Textile
Pharmaceutical
Mining
Agriculture
Others
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.)
This Picric Acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
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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.
Picric acid in its natural shape and additionally in its steel shape may be used as an explosive.
It is used as a booster for different explosives and rocket fuels.
This is because of the reality that it explodes whilst it comes in touch with metallic floor seeing that additionally it is saved in metallic containers.
In heating conditions, it bureaucracy poisonous oxides of carbon and nitrogen, that are risky to the human body.
According to ACGIH, if picric acid is ingested or inhaled with the aid of using any character in portions greater than 1-2gms, it can cause excessive poisoning.
Dehydrated picric acid is odorless and yellow-colored crystals.
Allied Market Research published an exclusive report, titled, “Picric Acid Market by Type (Dry Picric Acid, and Wet Picric Acid), Application (Explosives, Antiseptic, Energetic Materials, Liquefied Gas Fuels, Thin Films, Power Generation, and Others), and End User (Defense, Agriculture, Textile, Mining, Pharmaceutical, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026”.
The study begins with a detailed analysis of major determinants of the market such as drivers, challenges, restraints, and upcoming opportunities.
The Picric Acid Market by Type market report includes a thorough study of the top 10 market players active in the industry along with their business overview, financial analysis, business strategies, SWOT profile, and key products and services.
Get Detailed Analysis of COVID-19 Impact on Picric Acid Market by Type Market @https://www.alliedmarketresearch.com/request-for-customization/5746?reqfor=covid The Picric Acid Market by Type industry report includes growth factors of the market along with major challenges and restraining factors that might hinder the market growth.
This analysis aids new market entrants and existing manufacturers to prepare for future challenges and take advantage of opportunities to strengthen their market position.
In addition, it presents revenue forecasts for each year along with sales and sales growth of the Picric Acid Market by Type.
