Ceric Ammonium Nitrate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for Ceric Ammonium Nitrate. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global Ceric Ammonium Nitrate market from 2024 to 2031.

Key Insights:

Ceric Ammonium Nitrate Market Size (2024E): US$ 228.3 Mn
Projected Market Value (2031F): US$ 338.8 Mn
Global Market Growth Rate (CAGR 2024 to 2031): 5.8%

Ceric Ammonium Nitrate Market - Report Scope:

Ceric Ammonium Nitrate (CAN) is a highly reactive chemical compound primarily used in various industrial applications, including as an oxidizing agent in chemical synthesis and in the preparation of rare-earth elements. The market for Ceric Ammonium Nitrate is influenced by a broad range of factors such as industrial growth, technological advancements in chemical manufacturing, and the increasing demand for high-purity chemical compounds. Key end-use industries such as pharmaceuticals, electronics, and metallurgy are driving the demand for Ceric Ammonium Nitrate due to its applications in catalysts, oxidizers, and material processing.

Market Growth Drivers:

The global Ceric Ammonium Nitrate market is propelled by several key factors, including the increasing use of Ceric Ammonium Nitrate in chemical synthesis for manufacturing catalysts used in the automotive and energy sectors. The rise in demand for rare-earth elements and electronic materials, particularly in Asia Pacific, further drives market expansion. The pharmaceutical industry is also contributing to the market's growth, as Ceric Ammonium Nitrate is used in some drug formulations and chemical processes. Additionally, the growing industrialization in emerging economies and the rising demand for high-purity chemicals in research and development are propelling the Ceric Ammonium Nitrate market forward.

Market Restraints:

Despite promising growth prospects, the Ceric Ammonium Nitrate market faces challenges related to safety concerns and environmental regulations. Due to its highly reactive nature, Ceric Ammonium Nitrate poses significant safety risks during manufacturing, storage, and transportation. These risks require adherence to stringent safety standards, which may increase operational costs for manufacturers. Moreover, environmental concerns related to the disposal of chemical waste and the stringent regulatory requirements imposed by governments can create barriers for market players, particularly in regions with strict environmental policies.

Market Opportunities:

The Ceric Ammonium Nitrate market presents significant growth opportunities driven by technological advancements, particularly in the areas of safer manufacturing processes and more efficient chemical applications. The increasing demand for Ceric Ammonium Nitrate in advanced chemical research and the production of high-performance materials offers a promising growth trajectory for market players. Additionally, the expansion of the electronic and automotive industries in developing regions presents untapped opportunities for Ceric Ammonium Nitrate suppliers to capture a larger share of the market. Strategic partnerships with research institutions and technology developers are crucial to sustaining growth and expanding the application range of Ceric Ammonium Nitrate.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Ceric Ammonium Nitrate market globally?
Which industries are the largest consumers of Ceric Ammonium Nitrate, and what are the emerging applications?
How are technological advancements and innovations shaping the future of the Ceric Ammonium Nitrate market?
Who are the leading players in the Ceric Ammonium Nitrate market, and what strategies are they employing to maintain market leadership?
What are the emerging trends and future prospects in the global Ceric Ammonium Nitrate market?

Competitive Intelligence and Business Strategy:

Leading players in the global Ceric Ammonium Nitrate market, including companies such as Sigma-Aldrich Co. LLC, Jiangsu Jibao Chemical Group Co., and Lanzhou Institute of Chemical Physics, are focusing on enhancing their product portfolios, improving manufacturing efficiencies, and forging strategic partnerships to capture a larger market share. These companies are investing in research and development to improve the safety and efficiency of Ceric Ammonium Nitrate applications, particularly in chemical processing and rare-earth element production. Furthermore, collaborations with research and educational institutions and expanding manufacturing capabilities in emerging markets are vital strategies for staying competitive in this evolving market.

Key Companies Profiled:

Sigma-Aldrich Co. LLC
Jiangsu Jibao Chemical Group Co.
Lanzhou Institute of Chemical Physics
Hubei Xingfa Chemicals Group Co.
Shanxi Jiaocheng Chemicals Co.
Hebei Tianyi Chemical Co. Ltd.
Anhui Jin'ao Chemical Co., Ltd.
Guangzhou Kaimu Chemical Co. Ltd.

Market Segmentation

By Grade

Industrial
Technical
Reagent

By Application

Manufacturing of Electronic Components
Catalytic Converters
Anti-knock Agents

By End Use Industry

Electronics
Automotive
Chemical
Pharmaceutical

By Region

North America
Europe
East Asia
South Asia and Pacific
Latin America
The Middle East and Africa

Product Code: PMRREP34905

1. Executive Summary

1.1. Global Ceric Ammonium Nitrate Market Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Automotive Market Outlook
- 2.3.4. Global Pharmaceutical Market Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
- 3.4.1 List of Raw Material Supplier
- 3.4.2 List of Manufacturers
- 3.4.3 List of End Users
- 3.4.4 Profitability Analysis
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis
3.8. Geopolitical Tensions: Market Impact

4. Price Trend Analysis, 2019 - 2031

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Product
4.4. Regional Prices and Product Preferences

5. Global Ceric Ammonium Nitrate Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019 - 2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024 - 2031
5.3. Global Ceric Ammonium Nitrate Market Outlook: Grade
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis, By Grade, 2019 - 2023
- 5.3.3. Current Market Size (US$ Bn) Forecast, By Grade, 2024 - 2031
  - 5.3.3.1. Industrial
  - 5.3.3.2. Technical
  - 5.3.3.3. Reagent
5.4. Market Attractiveness Analysis: Grade
5.5. Global Ceric Ammonium Nitrate Market Outlook: Application
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019 - 2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
  - 5.5.3.1. Manufacturing of Electronic Components
  - 5.5.3.2. Catalytic Converters
  - 5.5.3.3. Anti-knock Agents
  - 5.5.3.4. Other
5.6. Market Attractiveness Analysis: Application
5.7. Global Ceric Ammonium Nitrate Market Outlook: End Use Industry
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By End Use Industry, 2019 - 2023
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024 - 2031
  - 5.7.3.1. Electronics
  - 5.7.3.2. Automotive
  - 5.7.3.3. Chemical
  - 5.7.3.4. Pharmaceutical
5.8. Market Attractiveness Analysis: End Use Industry

6. Global Ceric Ammonium Nitrate Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019 - 2023
6.3. Current Market Size (US$ Bn) Forecast, By Region, 2024 - 2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Ceric Ammonium Nitrate Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Grade
- 7.3.3. By Application
- 7.3.4. By End Use Industry
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Grade, 2024 - 2031
- 7.5.1. Industrial Grade
- 7.5.2. Technical Grade
- 7.5.3. Reagent Grade
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
- 7.6.1. Manufacturing of Electronic Components
- 7.6.2. Catalytic Converters
- 7.6.3. Anti-knock agents
- 7.6.4. Other
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024 - 2031
- 7.7.1. Electronics
- 7.7.2. Automotive
- 7.7.3. Chemical
- 7.7.4. Pharmaceutical
7.8. Market Attractiveness Analysis

8. Europe Ceric Ammonium Nitrate Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Grade
- 8.3.3. By Application
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Grade, 2024 - 2031
- 8.5.1. Industrial Grade
- 8.5.2. Technical Grade
- 8.5.3. Reagent Grade
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
- 8.6.1. Manufacturing of Electronic Components
- 8.6.2. Catalytic Converters
- 8.6.3. Anti-knock agents
- 8.6.4. Other
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024 - 2031
- 8.7.1. Electronics
- 8.7.2. Automotive
- 8.7.3. Chemical
- 8.7.4. Pharmaceutical
8.8. Market Attractiveness Analysis

9. East Asia Ceric Ammonium Nitrate Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Grade
- 9.3.3. By Application
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Grade, 2024 - 2031
- 9.5.1. Industrial Grade
- 9.5.2. Technical Grade
- 9.5.3. Reagent Grade
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
- 9.6.1. Manufacturing of Electronic Components
- 9.6.2. Catalytic Converters
- 9.6.3. Anti-knock agents
- 9.6.4. Other
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024 - 2031
- 9.7.1. Electronics
- 9.7.2. Automotive
- 9.7.3. Chemical
- 9.7.4. Pharmaceutical
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Ceric Ammonium Nitrate Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Grade
- 10.3.3. By Application
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Grade, 2024 - 2031
- 10.5.1. Industrial Grade
- 10.5.2. Technical Grade
- 10.5.3. Reagent Grade
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
- 10.6.1. Manufacturing of Electronic Components
- 10.6.2. Catalytic Converters
- 10.6.3. Anti-knock agents
- 10.6.4. Other
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024 - 2031
- 10.7.1. Electronics
- 10.7.2. Automotive
- 10.7.3. Chemical
- 10.7.4. Pharmaceutical
10.8. Market Attractiveness Analysis

11. Latin America Ceric Ammonium Nitrate Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 11.3.1. By Country
- 11.3.2. By Grade
- 11.3.3. By Application
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Grade, 2024 - 2031
- 11.5.1. Industrial Grade
- 11.5.2. Technical Grade
- 11.5.3. Reagent Grade
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
- 11.6.1. Manufacturing of Electronic Components
- 11.6.2. Catalytic Converters
- 11.6.3. Anti-knock agents
- 11.6.4. Other
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024 - 2031
- 11.7.1. Electronics
- 11.7.2. Automotive
- 11.7.3. Chemical
- 11.7.4. Pharmaceutical
11.8. Market Attractiveness Analysis

12. Middle East & Africa Ceric Ammonium Nitrate Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 12.3.1. By Country
- 12.3.2. By Grade
- 12.3.3. By Application
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Grade, 2024 - 2031
- 12.5.1. Industrial Grade
- 12.5.2. Technical Grade
- 12.5.3. Reagent Grade
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024 - 2031
- 12.6.1. Manufacturing of Electronic Components
- 12.6.2. Catalytic Converters
- 12.6.3. Anti-knock agents
- 12.6.4. Other
12.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use Industry, 2024 - 2031
- 12.7.1. Electronics
- 12.7.2. Automotive
- 12.7.3. Chemical
- 12.7.4. Pharmaceutical
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Uranus Chemical Co. Ltd.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. BASF SE
- 13.3.3. Merck KGaA
- 13.3.4. American Elements
- 13.3.5. Solvay
- 13.3.6. Strem Chemicals, Inc.
- 13.3.7. GFS Chemical, Inc
- 13.3.8. Dow
- 13.3.9. Blue Line Corporation
- 13.3.10. ProChem Inc.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations