Global Ceric Ammonium Nitrate Market Size study, by Application (Manufacturing of Electronic Components, Pharmaceutical Industry, Catalytic Converters, Tanning Industry, Anti-knock Agents), by Grade (Industrial Grade, Technical Grade, Reagent Grade), by End-Use Industry (Electronics Industry, Automotive Industry, Chemical Industry, Pharmaceutical Industry, Others) and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: G36929C38191EN
Bizwit Research & Consulting LLP

Abstracts

The Global Ceric Ammonium Nitrate Market is projected to grow significantly, with an estimated value of USD 355.9 billion in 2023 expected to expand to USD 528.90 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.50% during the forecast period from 2024 to 2032. Ceric ammonium nitrate, a versatile oxidizing agent, plays a crucial role across multiple industries, offering unparalleled efficacy in catalytic reactions, chemical synthesis, and high-precision applications in electronics manufacturing.

Rising demand in the electronics and automotive sectors is a driving force for the ceric ammonium nitrate market. Its vital role in the manufacturing of electronic components, catalytic converters, and anti-knock agents is propelling its adoption. Innovations in its formulation, emphasizing high purity and technical-grade variants, are enhancing its usability in pharmaceutical and chemical processes. Furthermore, increasing awareness of sustainable and efficient manufacturing practices underscores the importance of ceric ammonium nitrate as a reliable solution in industrial ecosystems.

The market’s expansion is supported by the proliferation of advanced technologies, particularly in the electronics and automotive industries. Industrial-grade ceric ammonium nitrate dominates due to its cost-effectiveness and versatility, while reagent-grade variants cater to niche markets requiring high purity levels. Challenges, including stringent environmental regulations and high production costs, could constrain growth temporarily. However, technological advancements and increasing investment in R&D are expected to mitigate these challenges, unlocking new opportunities.

Geographically, North America holds the largest market share, driven by its robust electronics and automotive industries. Europe follows, benefitting from extensive applications in chemical manufacturing and pharmaceutical advancements. The Asia-Pacific region is emerging as a key growth hub due to rapid industrialization, expanding consumer electronics markets, and increased automotive production. Latin America and the Middle East & Africa are also gaining traction, supported by economic diversification efforts and growing industrial bases.

Major market players included in this report are:

• Merck KGaA
• American Elements
• Strem Chemicals, Inc.
• Thermo Fisher Scientific Inc.
• Green Chemicals Co. Ltd.
• Treibacher Industrie AG
• Avantor Performance Materials, LLC
• Charkit Chemical Company LLC
• Chemsavers, Inc.
• Central Drug House (P) Ltd.
• Indian Platinum Private Limited
• Oxkem Limited
• Hummel Croton Inc.
• Otto Chemie Pvt. Ltd.
• Shanghai Experiment Reagent Co.

The detailed segments and sub-segment of the market are explained below:

By Application:

• Manufacturing of Electronic Components
• Pharmaceutical Industry
• Catalytic Converters
• Tanning Industry
• Anti-knock Agents

By Grade:

• Industrial Grade
• Technical Grade
• Reagent Grade

By End-Use Industry:

• Electronics Industry
• Automotive Industry
• Chemical Industry
• Pharmaceutical Industry
• Others

By Region:

North America:

• U.S.
• Canada

Europe:

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America:

• Brazil
• Mexico

Middle East & Africa:

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

• Historical Year: 2022, 2023
• Base Year: 2023
• Forecast Period: 2024 to 2032

Key Takeaways:

• Detailed market revenue forecasts covering a 10-year period, segmented by application, grade, and end-use industries across all major regions.
• Insights into market drivers, challenges, and opportunities to help stakeholders capitalize on emerging trends.
• A comprehensive analysis of competitive dynamics and the strategies adopted by key players.
• Holistic coverage of demand-side and supply-side factors shaping the market landscape.

Contents

CHAPTER 1. GLOBAL CERIC AMMONIUM NITRATE MARKET EXECUTIVE SUMMARY

1.1. Global Ceric Ammonium Nitrate Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Application
  1.3.2. By Grade
  1.3.3. By End-Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL CERIC AMMONIUM NITRATE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL CERIC AMMONIUM NITRATE MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Demand in Electronics and Automotive Sectors
  3.1.2. Innovations in High-Purity and Technical-Grade Formulations
  3.1.3. Increasing Adoption of Sustainable Manufacturing Practices
3.2. Market Challenges
  3.2.1. Stringent Environmental Regulations
  3.2.2. High Production Costs
3.3. Market Opportunities
  3.3.1. Expansion in Emerging Electronics and Automotive Markets
  3.3.2. Technological Advancements in Pigment Production
  3.3.3. Growth in Niche and Specialty Applications

CHAPTER 4. GLOBAL CERIC AMMONIUM NITRATE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL CERIC AMMONIUM NITRATE MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

5.1. Segment Dashboard
5.2. Global Ceric Ammonium Nitrate Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Manufacturing of Electronic Components
  5.2.2. Pharmaceutical Industry
  5.2.3. Catalytic Converters
  5.2.4. Tanning Industry
  5.2.5. Anti-knock Agents

CHAPTER 6. GLOBAL CERIC AMMONIUM NITRATE MARKET SIZE & FORECASTS BY GRADE 2022-2032

6.1. Segment Dashboard
6.2. Global Ceric Ammonium Nitrate Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Industrial Grade
  6.2.2. Technical Grade
  6.2.3. Reagent Grade

CHAPTER 7. GLOBAL CERIC AMMONIUM NITRATE MARKET SIZE & FORECASTS BY END-USE INDUSTRY 2022-2032

7.1. Segment Dashboard
7.2. Global Ceric Ammonium Nitrate Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. Electronics Industry
  7.2.2. Automotive Industry
  7.2.3. Chemical Industry
  7.2.4. Pharmaceutical Industry
  7.2.5. Others

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Merck KGaA
  8.1.2. American Elements
  8.1.3. Strem Chemicals, Inc.
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Merck KGaA
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. American Elements
  8.3.3. Strem Chemicals, Inc.
  8.3.4. Thermo Fisher Scientific Inc.
  8.3.5. Green Chemicals Co. Ltd.
  8.3.6. Treibacher Industrie AG
  8.3.7. Avantor Performance Materials, LLC
  8.3.8. Charkit Chemical Company LLC
  8.3.9. Chemsavers, Inc.
  8.3.10. Central Drug House (P) Ltd.
  8.3.11. Indian Platinum Private Limited
  8.3.12. Oxkem Limited
  8.3.13. Hummel Croton Inc.
  8.3.14. Otto Chemie Pvt. Ltd.
  8.3.15. Shanghai Experiment Reagent Co.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

12. LIST OF TABLES

TABLE 1. Global Ceric Ammonium Nitrate Market, report scope
TABLE 2. Global Ceric Ammonium Nitrate Market estimates & forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Ceric Ammonium Nitrate Market estimates & forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 4. Global Ceric Ammonium Nitrate Market estimates & forecasts by Grade 2022-2032 (USD Million/Billion)
TABLE 5. Global Ceric Ammonium Nitrate Market estimates & forecasts by End-Use Industry 2022-2032 (USD Million/Billion)
TABLE 6. Global Ceric Ammonium Nitrate Market by segment, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 7. Global Ceric Ammonium Nitrate Market by region, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 8. Global Ceric Ammonium Nitrate Market by segment, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 9. Global Ceric Ammonium Nitrate Market by region, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 10. Global Ceric Ammonium Nitrate Market by segment, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 11. Global Ceric Ammonium Nitrate Market by region, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 12. Global Ceric Ammonium Nitrate Market by segment, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 13. Global Ceric Ammonium Nitrate Market by region, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 14. Global Ceric Ammonium Nitrate Market by segment, estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 15. U.S. Ceric Ammonium Nitrate Market estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 16. U.S. Ceric Ammonium Nitrate Market estimates & forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 17. U.S. Ceric Ammonium Nitrate Market estimates & forecasts by Grade 2022-2032 (USD Million/Billion)
TABLE 18. Canada Ceric Ammonium Nitrate Market estimates & forecasts, 2022-2032 (USD Million/Billion)
TABLE 19. Canada Ceric Ammonium Nitrate Market estimates & forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 20. Canada Ceric Ammonium Nitrate Market estimates & forecasts by Grade 2022-2032 (USD Million/Billion)
…
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

12. LIST OF FIGURES

FIG 1. Global Ceric Ammonium Nitrate Market, research methodology
FIG 2. Global Ceric Ammonium Nitrate Market, market estimation techniques
FIG 3. Global Ceric Ammonium Nitrate Market size estimates & forecast methods.
FIG 4. Global Ceric Ammonium Nitrate Market, key trends 2023
FIG 5. Global Ceric Ammonium Nitrate Market, growth prospects 2022-2032
FIG 6. Global Ceric Ammonium Nitrate Market, Porter’s 5 Force Model
FIG 7. Global Ceric Ammonium Nitrate Market, PESTEL analysis
FIG 8. Global Ceric Ammonium Nitrate Market, value chain analysis
FIG 9. Global Ceric Ammonium Nitrate Market by segment, 2022 & 2032 (USD Million/Billion)
FIG 10. Global Ceric Ammonium Nitrate Market by segment, 2022 & 2032 (USD Million/Billion)
FIG 11. Global Ceric Ammonium Nitrate Market by segment, 2022 & 2032 (USD Million/Billion)
FIG 12. Global Ceric Ammonium Nitrate Market by segment, 2022 & 2032 (USD Million/Billion)
FIG 13. Global Ceric Ammonium Nitrate Market by segment, 2022 & 2032 (USD Million/Billion)
FIG 14. Global Ceric Ammonium Nitrate Market, regional snapshot 2022 & 2032
FIG 15. North America Ceric Ammonium Nitrate Market 2022 & 2032 (USD Million/Billion)
FIG 16. Europe Ceric Ammonium Nitrate Market 2022 & 2032 (USD Million/Billion)
FIG 17. Asia Pacific Ceric Ammonium Nitrate Market 2022 & 2032 (USD Million/Billion)
FIG 18. Latin America Ceric Ammonium Nitrate Market 2022 & 2032 (USD Million/Billion)
FIG 19. Middle East & Africa Ceric Ammonium Nitrate Market 2022 & 2032 (USD Million/Billion)
FIG 20. Global Ceric Ammonium Nitrate Market, company market share analysis (2023)
…
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.