Global Nitroguanidine Market Growth 2023-2029

Global Nitroguanidine Market Growth 2023-2029

Nitroguanidine (CAS 556-88-7) is an organic compound with the formula (NH2)2CNNO2. It is a colorless, crystalline solid that melts at 232 °C and decomposes at 250 °C. It is not flammable and is a low-sensitivity explosive; however, its detonation velocity is high. It is used as a propellant (air bags), fertilizer, and for other purposes.

LPI (LP Information)' newest research report, the “Nitroguanidine Industry Forecast” looks at past sales and reviews total world Nitroguanidine sales in 2022, providing a comprehensive analysis by region and market sector of projected Nitroguanidine sales for 2023 through 2029. With Nitroguanidine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nitroguanidine industry.

This Insight Report provides a comprehensive analysis of the global Nitroguanidine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nitroguanidine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Nitroguanidine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nitroguanidine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nitroguanidine.

The global Nitroguanidine market size is projected to grow from US$ 486.8 million in 2022 to US$ 722.8 million in 2029; it is expected to grow at a CAGR of 722.8 from 2023 to 2029.

There are few manufacturers all over the world, such as Island Pyrochemical Industries (IPI), Alz, Tendenci, etc. The top two manufacturers hold about 15 percent of total share.

In the world, the consumption areas of Nitroguanidine (CAS 556-88-7) are mainly North America, Europe, China and Japan. China is the largest consumption area in the world, which accounts for over 60% of the total share.

Nitroguanidine (CAS 556-88-7) can be used in both Pharmaceuticals and Pesticides, etc. Pharmaceuticals is the main application field, accounting for nearly 40% of the global share. And according to type, Medical Grade occupies a large part of the market and its market share is still increasing.

This report presents a comprehensive overview, market shares, and growth opportunities of Nitroguanidine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Industrial Grade

Medical Grade

Segmentation by application

Pharmaceuticals

Pesticides

Automotive airbags

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Island Pyrochemical Industries (IPI)

AlzChem AG

Tendenci

Sino-Agri United

Soochow

Gulang Changhai

Beilite Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Nitroguanidine market?

What factors are driving Nitroguanidine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Nitroguanidine market opportunities vary by end market size?

How does Nitroguanidine break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.