COVID-19 Impact on Ferrous Picrate Market

  • The COVID-19 pandemic situation has weakened the demand for ferrous picrate in transportation and aviation sectors
  • Many countries imposed lockdown policies in an effort to slowdown the infection rates. As a result of these measures, demand for air travel and transportation declined significantly across the globe.
  • Decrease in demand for diesel fuel and jet fuel has negatively impacted transportation and aviation industries. This has adversely affect the global ferrous picrate market.

Key Drivers and Restraints of Global Ferrous Picrate Market

  • The ferrous picrate market is expected to expand at a significant pace during the forecast period. Expansion of the fuel sector is anticipated to drive the demand for ferrous picrate in the near future.
  • Ferrous picrate carries hazardous impact on human health, as it is toxic and explosive in nature. It can cause lungs or kidney damage when inhaled. This is hampering the global market.

Ferrous Picrate Market: Segments

  • The ferrous picrate market can be segmented based on type, application, and region
  • Based on type, the ferrous picrate market can be classified into dry ferrous picrate and wet ferrous picrate
  • Based on application, the global ferrous picrate market can be segregated into fuel, explosives, dyes, antiseptics, and others

Ferrous Picrate Market: By Type

  • Based on the type, the global market can be segmented into dry ferrous picrate and wet ferrous picrate.
  • Dry ferrous picrate is used as diesel fuel additive and holds major share of the global market
  • Wet ferrous picrate is primarily used in antiseptics in the medical sector

Ferrous Picrate Market: By Application

  • Based on application, the global market can be segmented into fuel, explosives, dyes, antiseptics, and others
  • The fuel segment is projected to gain high share of the global market during the forecast period
  • Ferrous picrate can be used in the health care industry for its antiseptic and astringent properties. This is expected to boost the global ferrous picrate market in the near future.
  • Ferrous picrate is also used as a diesel fuel additive to achieve better mileage
  • Pyrotechnic ability of ferrous picrate, which renders it suitable for explosives, is the major factor that is driving the global ferrous picrate market

Ferrous Picrate Market: By Region

  • In terms of region, the global ferrous picrate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Rise in demand for ferrous picrate in antiseptic products is expected to boost the market in North America in the near future
  • Growth of the ferrous picrate market in Europe can be ascribed to the rise in demand for ferrous picrate in explosives, which are used in defense industry
  • The fuel sector is anticipated to register the significant growth rate in the global ferrous picrate market

Key Manufacturers Operating in Global Ferrous Picrate Market

Key manufacturers operating in the global ferrous picrate market include:

  • Exxon Corporation
  • Vidiwave Fuel Technology
  • Fuel Technology International Pvt.LTD
  • Afton Chemicals

Global Ferrous Picrate Market: Research Scope

Global Ferrous Picrate, by Type

  • Dry Ferrous Picrate
  • Wet Ferrous Picrate

Global Ferrous Picrate, by Application

  • Fuel
  • Explosives
  • Dyes
  • Antiseptics
  • Others

Global Ferrous Picrate Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Rest of Middle East & Africa

Ferrous Picrate: Introduction

  • Ferrous Picrate is a type of fuel additive containing a unique catalytic compound that is proven to increase engine combustion and fuel efficiency
  • Picrate is a salt containing the anion or ester derivative of the picrate anion. The salts are often produced by reactions of picric acid.
  • The picrate ion is intensively yellow, brown, or orange-red in color
  • Ethers and ester groups of picric acid are known as picrate

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Ferrous Picrate Market