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
Report Attribute |
More Details |
2019 Market Size Value |
USD 151.0 Million |
Forecast Revenues in 2022 |
USD 190.1 Million |
Growth Rate |
CAGR of 7.7% between 2019 and 2022 |
Estimation base year |
2018 |
Historical data |
2012 - 2017 |
Forecast period |
2019 - 2022 |
Quantitative units |
From 2019 to 2022, revenue in USD millions and CAGR |
Report coverage |
Forecast revenue, company ranking and competitive landscape, growth factors, trends |
Segments covered |
Region, application |
Regional scope |
North America; Europe, Asia Pacific; Central & South America. Middle East & Africa |
Country coverage |
U.S., Germany, Italy, China, India, Japan, Brazil, UAE |
Key companies profiled |
Uranus Chemicals Co. Ltd., American International Chemical. Ganzhou Wanfeng Advanced Material Tech. Co. Ltd. Shanghai Renyoung Pharmaceutical Co. Ltd. Chuan Yan Technology Co. Ltd. A.B. Enterprises, Green Resource Co., Ltd., Treibacher Industrie AG |
The scope of customization |
With purchase, you get free report customization (equivalent to up to 8 analysts working day) You can add or modify country, region and segment scope. |
Prices and purchase options |
You can get customized purchase options that meet your research needs. Explore your purchase options |
These are the most frequently asked questions about this report
What is the market size for ceric ammonium-nitrate?b. B.
What is the market growth for ceric ammonium-nitrate?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.
Which market segment had the largest share of ceric ammonium-nitrate sales?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.
What are the major players in the ceric ammonium-nitrate market?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
What are the main factors that drive the ceric ammonium-nitrate market?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.
Report Scope
Report Attributes | Report Details |
Report Title | Ceric Ammonium Nitrate Market Research Report |
By Application | Laboratories, Photomasks, Liquids Crystal Displays |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 232 |
Number of Tables & Figures | 163 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Ceric Ammonium Nitrate Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Laboratories
2. Photomasks
3. Liquids Crystal Displays
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ceric Ammonium Nitrate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ceric Ammonium Nitrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ceric Ammonium Nitrate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ceric Ammonium Nitrate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ceric Ammonium Nitrate Market Size & Forecast, 2018-2028
4.5.1 Ceric Ammonium Nitrate Market Size and Y-o-Y Growth
4.5.2 Ceric Ammonium Nitrate Market Absolute $ Opportunity
Chapter 5 Global Ceric Ammonium Nitrate Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Ceric Ammonium Nitrate Market Size Forecast by Application
5.2.1 Laboratories
5.2.2 Photomasks
5.2.3 Liquids Crystal Displays
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Ceric Ammonium Nitrate Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Ceric Ammonium Nitrate Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Ceric Ammonium Nitrate Analysis and Forecast
8.1 Introduction
8.2 North America Ceric Ammonium Nitrate Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Ceric Ammonium Nitrate Market Size Forecast by Application
8.6.1 Laboratories
8.6.2 Photomasks
8.6.3 Liquids Crystal Displays
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Ceric Ammonium Nitrate Analysis and Forecast
9.1 Introduction
9.2 Europe Ceric Ammonium Nitrate Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Ceric Ammonium Nitrate Market Size Forecast by Application
9.6.1 Laboratories
9.6.2 Photomasks
9.6.3 Liquids Crystal Displays
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Ceric Ammonium Nitrate Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Ceric Ammonium Nitrate Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Ceric Ammonium Nitrate Market Size Forecast by Application
10.6.1 Laboratories
10.6.2 Photomasks
10.6.3 Liquids Crystal Displays
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Ceric Ammonium Nitrate Analysis and Forecast
11.1 Introduction
11.2 Latin America Ceric Ammonium Nitrate Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Ceric Ammonium Nitrate Market Size Forecast by Application
11.6.1 Laboratories
11.6.2 Photomasks
11.6.3 Liquids Crystal Displays
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Ceric Ammonium Nitrate Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Ceric Ammonium Nitrate Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Ceric Ammonium Nitrate Market Size Forecast by Application
12.6.1 Laboratories
12.6.2 Photomasks
12.6.3 Liquids Crystal Displays
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Ceric Ammonium Nitrate Market: Competitive Dashboard
13.2 Global Ceric Ammonium Nitrate Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 attractive prices offered by manufacturers and investment initiative by research groups & educational institutions to expand application use in laboratories
13.3.2 research & medical
13.3.3 developments in end-use industries such as electronic