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Nitromethane Market

Nitromethane Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Nitromethane Market: Overview

  • The global nitromethane market is expected to expand at a rapid pace during the forecast period, due to the increasing demand for nitromethane in various industries such as automotive, pharmaceuticals, and explosives. Growth of the pharmaceuticals industry in countries in Asia Pacific, such as India, Taiwan, and Thailand, has opened new avenues for the nitromethane market.
  • Nitromethane is the simplest organic nitro compound and polar liquid, which is primarily used as a solvent in a variety of industrial applications such as in extractions, as a reaction medium, and as a cleaning solvent. As an intermediate in organic synthesis, it is used widely in the manufacture of pharmaceuticals, pesticides, explosives, fibers, and coatings.

Key Drivers of Global Nitromethane Market

  • Nitromethane is used for degreasing, dry cleaning, and semiconductor processing applications, where it is utilized as a stabilizer of chlorinated solvents; it is also used as a dissolving agent or solvent for acrylate monomers which in turn is used for the production of adhesives. This factor is likely to drive the global nitromethane market during the forecast period.
  • Nitromethane is the substitute for gasoline in high performance motorsports, such as drag racing, and even in rockets, as it does not burn as quickly as gasoline. It requires significantly lower volume of air for combustion compared to gasoline, which allows more nitromethane fuel to be burnt per engine stroke, thus producing high engine power. The big advantage of nitromethane is that a lot more power from each explosion is derived inside the engine, and it is also less energetic than gasoline.

Chemical Intermediate Application Segment to Witness Immense Opportunities

  • In terms of value and volume, the chemical intermediate segment is estimated to account for a significant share of the global nitromethane market during the forecast period.  Nitromethane is widely used as a chemical intermediate in the synthesis of biocides, chemicals, and agricultural products and intermediates.
  • Nitromethane is also used as a fuel or fuel additive in hobby cars, boats, and model engines for which nitromethane is typically diluted with methanol.
  • Nitromethane is used as a fuel additive in various motorsports and hobbies, e.g. Top Fuel drag racing and miniature internal combustion engines in radio control, and free flight model aircraft. Nitromethane also finds application as a controlled explosive in various industries, similar to Trinitrotoluene (TNT).

Asia Pacific to Hold a Major Share of Global Nitromethane Market

  • In terms of both value and volume, Asia Pacific accounted for a significant share of the global nitromethane market in 2018. It is anticipated to continue its dominance throughout the forecast period, due to growth of the automotive industry and rise in demand for pharmaceutical products in the region. China is the leading producer of chemicals, paints, coatings, and medicines in Asia Pacific. This factor is expected to drive the nitromethane market in the country during the forecast period.
  • North America and Europe also constitute a considerable share of the global nitromethane market. The market in these regions is estimated to expand at a sluggish pace, due to implementation of stringent regulations on carbon emissions in these regions.
  • Brazil is a leading consumer of nitromethane in Latin America. It is projected to continue to be attractive during the forecast period, due to growth of the automotive industry in the country.
  • Latin America and Middle East & Africa are likely to be attractive regions of the global nitromethane market during the forecast period. Latin America comprises countries such as Brazil and Mexico, which are major manufacturers of paints and coatings in the world. The countries are also manufacturing hubs for numerous industries. Economic growth of these countries is likely to create opportunities for the nitromethane market in Latin America during the forecast period.

Key Players Operating in Global Market

Key players operating in the global nitromethane market are:

  • ANGUS Chemical Company
  • Aceto Corporation
  • Greenchem Industries LLC
  • Wego Chemical & Mineral Corp
  • Linyi Yuanbo Chemical Co., Ltd
  • Zibo Xinglu Chemical Co., Ltd.
  • Wujiang Bolin Industry Co., Ltd.
  • Antera Agro Chem
  • CDH Fine Chemicals India
  • Others

Global Nitromethane Market: Research Scope

Global Nitromethane Market, by Grade

  • ≤ 99% Purity
  • ≥99% Purity

Global Nitromethane Market, by Application

  • Explosive
  • Solvent
  • Chemical Intermediate
  • Fuel & Fuel Additives 
  • Others

Global Nitromethane Market, by Region

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

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 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.


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