Global Nitromethane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nitromethane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nitromethane is a colorless, oily, highly flammable liquid with a strong unpleasant odor. It emits toxic nitrogen oxide fumes when decomposed. Nitromethane is used in the manufacture of industrial antimicrobials and drugs, as well as in soil fumigants and fuel for racing engines. Exposure to nitromethane can irritate the skin and affect the central nervous system, causing nausea and dizziness and anesthesia.

Market Overview:

The latest research study on the global Nitromethane market finds that the global Nitromethane market reached a value of USD 145.15 million in 2022. It’s expected that the market will achieve USD 136.99 million by 2028, exhibiting a CAGR of -0.96% during the forecast period.

Strength

Downstream demand is stable and continues to increase.
Lower labor costs in Asia Pacific.

Weakness

Production,transportation, storage risks.
Higher exit barriers.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Binbo Chemical is one of the major players operating in the Nitromethane market, holding a share of 15.79% in 2020.

Binbo Chemical is located in the north of Zhanhua County, the hometown of winter jujube in China. The factory covers an area of 70 acres and is mainly engaged in the research, development and production of fine chemical products.

ANGUS is the world's only company dedicated to nitroalkanes and their derivatives. For more than 70 years, ANGUS has been helping customers with unique and proprietary chemistry.

Segmentation Overview:

Among different product types, 0.99 Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Solvent segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Nitromethane market covered in Chapter 3:

ANGUS Chemical
Shandong Xinghui Chemical
Linyi Yuanbo Chemical
Hubei Grand Fuchi Pharmaceutical & Chemicals
Shandong Baoyuan Chemical
Wujiang Bolin Industry
Binbo Chemical
Zibo Xinglu Chemical Factory

In Chapter 4 and Chapter 14.2, on the basis of types, the Nitromethane market from 2018 to 2029 is primarily split into:
0.999 Grade0.995 Grade0.99 Grade
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nitromethane market from 2018 to 2029 covers:

Solvent
Synthesis Intermediates
Fuel
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)