COVID-19 Impact on Tetranitromethane Market
- The COVID-19 pandemic had no significant impact on tetranitromethane market.
- Despite the COVID crisis, countries have been able to maintain a high count of space launches
- The U.S. and China launched several crew missions and spy satellites in 2020
Key Drivers and Restraints of Tetranitromethane Market
- Tetranitromethane is a highly explosive chemical used as an oxidizer in rocket propellants to increase the cetane number of diesel fuels. It is also used in the manufacture of liquid explosives.
- Increasing demand for tetranitromethane in rocket propellants in several countries is projected to boost the market during the forecast period
- Tetranitromethane carries hazardous health effects, as it is toxic and explosive in nature. Inhalation of tetranitromethane can result in irritation to the respiratory tract. This is hampering the market.
Tetranitromethane Market: Segments
- The tetranitromethane can be segmented based on form, application, and region
- Based on form, the global tetranitromethane market can be segregated into colorless oily or viscous fluid, pale yellow liquid, and pale yellow or colorless solid
- Based on application, the global tetranitromethane market can be segmented into rocket fuel, rocket propellant, additive, lab reagent, and others
- In terms of region, the tetranitromethane market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Tetranitromethane Market: By Form
- Based on form, the global tetranitromethane market can be segregated into colorless oily or viscous fluid, pale yellow liquid, and pale yellow or colorless solid
- Tetranitromethane in pale yellow liquid is very toxic when inhaled. The pale yellow liquid tetranitromethane is difficult to ignite. Once the liquid is ignited, it burns at a steady rate.
- Prolonged exposure of tetranitromethane to fire or heat produces toxic oxides of nitrogen
Tetranitromethane Market: By Application
- Based on application, the global tetranitromethane market can be segmented into rocket fuel, rocket propellant, additive, lab reagent, and others
- Major countries of the world are contributing significantly share of GDP on space exploration activities and launch of satellites. Competition among space agencies has been significantly high since several decades.
- Various research labs and institutes are focusing on tetranitromethane for the development of advanced rocket propellants, which offer high performance, efficiency, and safety.
Asia Pacific to Hold Leading Share of Tetranitromethane Market
- In terms of region, the tetranitromethane market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is expected to hold major share of the global tetranitromethane market, followed by North America and Europe, during the forecast period. Rise in number of space missions, especially in China, Japan, and India, is expected to drive the tetranitromethane market in the region during the forecast period.
- Demand for effective and low-cost tetranitromethane is rising in aerospace and satellite industries in developing economies of Asia Pacific
Key Manufacturers Operating in Tetranitromethane Market
The tetranitromethane market has prominent presence in developed and developing countries. Key manufacturers operating in the tetranitromethane market include:
- CAMEO Chemicals
- Shanghai Mintchem Development Co., Ltd
- Hangzhou Dayangchem Co. Ltd.
- Chemos GmbH & Co. KG
Global Tetranitromethane market: Research Scope
Global Tetranitromethane Market, by Form
- Colorless Oily or Viscous Fluid
- Pale Yellow Liquid
- Pale Yellow or Colorless Solid
Global Tetranitromethane Market, by Application
- Rocket Fuel
- Rocket Propellant
- Additives
- Lab Reagent
- Others
Global Tetranitromethane Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Tetranitromethane: Introduction
- Tetranitromethane is a synthetic, oily, colorless to pale yellow liquid that is insoluble in water and soluble in alcohol and ether. Tetranitromethane is used as an oxidizing agent in rocket propellants and explosives as well as an additive to increase the cetane number of diesel fuel.
- Tetranitromethane is used as an analytical reagent for the detection of double bonds in organic compounds and as a mild nitrating reagent that reacts with tyrosine residues in proteins
- Acute inhalation exposure to tetranitromethane can result in irritation of the respiratory tract, buildup of fluid in the lungs, and interfere with the oxygen carrying capacity of red blood cells
- Tetranitromethane provides toxic oxides of nitrogen during combustion
