Ceric Ammonium Nitrate Market Growth, Demand and Challenges of the Key Industry Players 2023-2028

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Global Ceric Ammonium Nitrate Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Ceric Ammonium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and For ecast 2023-2028

," the global ceric ammonium nitrate market size reached US$ 173.6 Million in 2022.

Ceric ammonium nitrate (NH4)2Ce(NO3)6 is an orange-red, water-soluble, inorganic compound that is used for oxidative addition reactions of electrophilic radicals to alkenes. It is prepared by electrolytic oxidation of cerous nitrate in nitric acid followed by treatment with ammonium nitrate solution. Ceric ammonium nitrate assists in enabling intermolecular and intramolecular carboncarbon and carbon-heteroatom bond formation.

Consequently, it is commonly used as a catalyst in the polymerization of olefins and in the production of chrome etchant, which is a vital component of electronic items. It is also used in photomasks, liquid crystal displays and laboratory chemicals.

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Global Ceric Ammonium Nitrate Market Trends:

Significant growth in the electronics industry across the globe represents one of the key factors creating a positive outlook for the market. Ceric ammonium nitrate is widely used as a reagent for templated synthesis in digital cameras, camcorders, video projection systems, portable electronic game systems, computers and flat-panel televisions (TVs). In line with this, the widespread product adoption in the preparation of etchants that are usually incorporated in photomasks and liquid crystal displays, is favoring the market growth. Apart from this, the increasing demand for eco-friendly catalysts due to their non-toxic solution and the rising environmental consciousness among the masses is providing a considerable boost to the market growth. Additionally, the extensive utilization of ceric ammonium nitrate in various organic reactions, such as generation of carbon (heteroatom bonds), oxidation, synthesis of heterocycles, C-halogen bond formation, and CAN-catalyzed multi-components, are positively impacting the market growth. Other factors, including the increasing popularity of smart homes, the miniaturization of electronics, and extensive research and development (R&D) activities, are anticipated to drive the market further toward growth.

Looking forward, IMARC Group expects the market to reach a value of US$ 247.6 Million by 2028, exhibiting at a CAGR of 5.5% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/ceric-ammonium-nitrate-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Neutralization Method

• Conversion Method

Breakup by Application:

• Laboratory Chemicals

• Photomasks

• Liquids Crystal Displays

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• Absco Limited

• Blue Line Corporation

• Merck KGaA

• Otto Chemie Pvt. Ltd

• Oxford Lab Fine Chem LLP

• Santa Cruz Biotechnology Inc

• Suvchem

• TCI Chemicals (India) Private Limited

• Thomas Scientific (The Carlyle Group)

• Toronto Research Chemicals Inc

• Uranus Chemicals Co. Ltd

1. What was the size of the global ceric ammonium nitrate market in 2022?

2. What is the expected growth rate of the global ceric ammonium nitrate market during 20232028?

3. What are the key factors driving the global ceric ammonium nitrate market?

4. What has been the impact of COVID-19 on the global ceric ammonium nitrate market?

5. What is the breakup of the global ceric ammonium nitrate market based on the application?

6. What are the key regions in the global ceric ammonium nitrate market?

7. Who are the key players/companies in the global ceric ammonium nitrate market?

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