Global Ceric Ammonium Nitrate Market by Application (Laboratories, Photomasks, Liquids Crystal Displays) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global ceric ammonium citrate (CAN) demand was 110.7 USD millions in 2014. It is expected to grow at 7.7% CAGR from 2015 to 2022. Due to many opportunities still unexplored, the industry is likely to experience significant growth. Research groups and educational institutions continue to work on organic reaction applications of ceric ammonium. Research studies have shown that ceric ammonium is a versatile ingredient in organic reactions laboratories and that its potential application base will continue to grow over time.

This product can also be used for industrial purposes, such as the preparation of etchants that are used in electronic products like photomasks or liquid crystal displays. It is expected that the product will be more widely used in the medical and metal surface cleaning industries.

The market saw a decrease in revenue over the past two year due to falling raw material prices. Market revenues will be directly affected by the expected stabilization of prices over the forecast period.

There is currently a small amount of technology available in the global marketplace. Technology will play a significant role in the application side of the value-chain over the forecast period. The Cerium (III-Oxide) market is the main raw material and is expected to be the market driver over the forecast period. This will in turn impact the global ceric ammonium market.

Ceric ammonium Nitrate, which is classified as hazardous by regulatory bodies like the European Union, has adverse effects on health and the environment. To reduce the harmful effects of ceric ammonium nitrate, manufacturers must comply with health and environmental regulations set forth by Mine Safety and Health Administration and Occupational Safety and Health Administration.

Application Insights

Laboratories dominated the global market. This sector is expected to grow slightly in the future. This was the most important segment. CAN can be used for a wide variety of reactions, including oxidation, synthesis, heterocycles, generation, generation, carbon-carbon bonds, cleavage (heteroatom bond), generation, generation, carbon-carbon bonds, cleavage, Si-O bonds, Chalogen bond formation and CAN-catalyzed multiple-components.

Research laboratories and educational institutions are taking increasing efforts to increase the application base due to their favorable prices and flexible nature. These are key factors driving growth in ceric ammonium-nitrate levels in laboratories.

Liquid crystal displays (LCDs), emerged as the second largest application segment in 2014. This segment's growth can be attributed largely to the growing demand for liquid crystal displays (LCDs), products from the Asia Pacific region. CAN is used to prepare etchants which are then used in the production of liquid crystal displays. The product is similar to photomasks but has a limited use in liquid crystal display manufacturing.

Other application segments include medical applications and surface cleaning primarily metal. Due to limited industry growth opportunities, the application segment will likely fall in the forecast period. Due to the limited development and expansion opportunities, photomasks and liquid-crystalline display market share are expected to fall by 2022.

Regional Insights

The Asia Pacific ceric ammonium-nitrate market was the largest in 2014, with a demand share of over 40%. The key factors driving the market are developments in end-use industries like electronic, research and medical, attractive prices offered to manufacturers, investment initiative by research organizations & educational institutions, which expands laboratory application.

China is a major supplier of raw materials due to the abundance of cerium. Manufacturers based primarily in China and Korea focus on attractive prices to attract the end-use industries.

North America was the second largest regional market. The U.S. is currently conducting research to determine CAN use in organic reactions. Over the forecast period, the regional share will increase slightly. Over the forecast period, the volume share of Central & South America and Middle East & Africa is expected to decrease.

Market Share in Ceric Ammonium Nitrate

Global ceric ammonium-nitrate markets are consolidated by a few manufacturers. Uranus Chemicals Co. Ltd., Henan CyrChem Co. Ltd. Chuan Yan Technology Co. Ltd. Treibacher, American Elements, and ProChem are CAN producers.

In order to increase their profits and improve product supply, manufacturers have integrated their operations. Uranus Chemicals Co. Ltd., Treibacher American Elements and ProChem have merged their operations and are now involved in the supplying and distribution of products. The future is likely to see increased competition among manufacturers.

American International Chemical and Ganzhou Wanfeng Advance Materials Tech are key suppliers of product. Co., Ltd., Shanghai Renyoung Pharmaceutical Co., Ltd., A.B. Enterprises, Green Resource Co., Ltd., Shanghai Renyoung Pharmaceutical Co., Ltd., A.B.

Ceric Ammonium Nitrate Market Scope

These are the most frequently asked questions about this report

b. B.

b. Global ceric ammonium market is expected grow at a compound annual rate of 7.7% between 2019 and 2022, reaching USD 190.1 million in 2022.

b. With a market share of 48.7%, North America was the dominant country in ceric ammonium-nitrate markets in 2019, This is due to the wide range of organic reactions that can be performed in laboratories.

b. Uranus Chemicals Co. Ltd., American International Chemical, HenanCoreyChem Co. Ltd. Ganzhou Wanfeng Advanced Materials Tech. are some of the key players in the ceric ammonium-nitrate market. Co. Ltd. Shanghai Renyoung Pharmaceutical Co. Ltd. Chuan Yan Technology Co. Ltd. A.B. Enterprises, Green Resource Co., Ltd., Treibacher Industrie AG

b. Market growth is driven by the increasing use of the product for industrial purposes, such as the preparation of etchants that is used in electronic products, mainly photomasks or liquid crystal displays.

Up Market Research published a new report titled “Ceric Ammonium Nitrate Market research report which is segmented by Application (Laboratories, Photomasks, Liquids Crystal Displays), By Players/Companies attractive prices offered by manufacturers and investment initiative by research groups & educational institutions to expand application use in laboratories, research & medical, developments in end-use industries such as electronic”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Ceric Ammonium Nitrate Market Report Segments:

The market is segmented by Application (Laboratories, Photomasks, Liquids Crystal Displays).

Ceric Ammonium Nitrate Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Ceric Ammonium Nitrate Market

Overview of the regional outlook of the Ceric Ammonium Nitrate Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Ceric Ammonium Nitrate Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Ceric Ammonium Nitrate Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Laboratories

                2. Photomasks

                3. Liquids Crystal Displays

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ceric Ammonium Nitrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Ceric Ammonium Nitrate Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.