Ferric nitrate is the chemical compound with the formula Fe(NO3)3. Ferric nitrate is a violet-colored, crystalline solid. Ferric nitrate is a noncombustible and oxidizing agent. When mixed with hydrocarbons, nitrate compounds can form a flammable mixture. Prolonged exposure of ferric nitrate to fire or heat may result in an explosion. Ferric Nitrate is used for dyeing and tanning, in chemical analysis, and in medicines. It is used by jewelers and metal smiths to etch silver and silver alloys. Ferric nitrate is a toxic compound known to cause methemoglobinemia.

Global Ferric Nitrate Market: Trends & Developments

Rising adoption of ferric nitrate in agricultural applications is one of the major trends likely to be witnessed in the global ferric nitrate market. Ferric nitrate solution is a clear, reddish-brown liquid, which is produced by using high-quality iron. Ferric nitrate can be used to correct iron deficiencies in soils and plants. It is also compatible with several liquid fertilizers, micronutrients, pesticides, and water. Growth of the pharmaceutical industry led by the increasing prevalence of diseases is likely to drive the global ferric nitrate market during the forecast period. Ferric nitrate is used in the production of various medicines.

Global Ferric Nitrate Market: Segmentation

Based on type, the global ferric nitrate market can be segmented into laboratory grade and industrial grade. Laboratory-grade ferric nitrate is usually used in clinics, educational laboratories, scientific laboratories, etc. Industrial-grade ferric nitrate is employed in the manufacture of industrial chemicals, which are frequently used in various pharmaceutical and agricultural applications. In terms of application, the global ferric nitrate market can be classified into catalyzer, analytical reagent, and chemical polishing. Ferric nitrate acts as a catalyst in the synthesis of sodium amide from the solution of sodium in ammonia. Ferric nitrate is a deliquescent chemical compound that forms colorless or light-purple-colored crystals. Ferric nitrate solution is used in the manufacture of catalysts. Ferric nitrate is also applied in various processes in photography.

Global Ferric Nitrate Market: Regional Outlook

Based on region, the global ferric nitrate market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was the leading region of the global ferric nitrate market in 2017. China is expected to lead the market in Asia Pacific in the near future, in terms of consumption of ferric nitrate, due to growth of the pharmaceutical industry in the country. The ferric nitrate market in Latin America is estimated to expand at a steady pace during the forecast period. In terms of consumption of ferric nitrate, North America followed Asia Pacific in 2017. The market in North America is likely to expand at a moderate pace in the near future. The pharmaceutical industry in the U.S. is projected to continue to witness significant growth. This is likely to drive the ferric nitrate market in the country from 2018 to 2026.

Global Ferric Nitrate Market: Key Players

Key players operating in the global ferric nitrate market include BASF SE, Pencco, Inc., Sigma-Aldrich, Alfa Aesar, and Merck KGaA.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Ferric Nitrate Market

Pre Book