Global Ceric Ammonium Nitrate Market - 2020-2027
|硝酸鈰銨的全球市場:2020年∼2027年 Global Ceric Ammonium Nitrate Market - 2020-2027|
|出版日期: 2020年11月27日||內容資訊: 英文||
The global ceric ammonium nitrate market size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Ceric ammonium nitrate (CAN) is the water-soluble inorganic compound with oxidizing agent in organic synthesis and a standard oxidant in quantitative analysis. CAN is major component of chrome etchant and can be used as a material for the production of photomasks and liquid crystal displays.
Ceric ammonium nitrate is the major organically synthesized material useful as an oxidant for many functional groups in several components such as phenols, alcohols, ethers as well as especially those that are benzylic group. There are many advantages to the use of Ceric ammonium nitrate as a catalyst in organic synthesis, including the very small amount of this catalyst needed to complete reactions in most cases, lower costs, ecofriendly nature, ease of handling, nontoxicity and high reactivity.
The global ceric ammonium nitrate is driven by increasing the demand in the electronics photomasks, LCDs manufacturing industry with surge in growing population demand and rising leading players investment to meet the global demand have propelled this market. Further increasing demand in the organics end-users in laboratories for organic reactions and medical industry due to increasing prevalence of the diseases around the globe has propelled the demand for the ceric ammonium nitrate market.
The market is drivengrowing demand of theceric ammonium nitrate for manufacturing of the electronics devices manufacturing due to surge in the sale of consumers electronics and rising disposable income of the peoplearound the globe.The ceric ammonium nitrateis used for the development of the electronics components such as for manufacturing of the liquid crystal displays (LCDs) and photo masks using methodologies for synthetic organic chemistry.Ceric ammonium nitrate has ecofriendly nature, non-toxic, easy to handle and available at lower costs hence used in electronics devices manufacturing industries. Rising electronics devices production in the developing countries like India and China have propelled the demand for ceric ammonium nitrate market.For instance in 2020, the total electronics hardware goods production was valued to around US$ 104 billion in India. It created massive demand for the ceric ammonium nitrate market around the globe.
Increase in the demand of ceric ammonium nitrate in the healthcare industry with rising medical devices sale around the globe owing to surge in the healthcare expenditure around the globe. For instance ceric ammonium nitrate market around the globe. For instance universal health coverage (UHC) as per the sustainable development goal in low and middle income countries for the primary health care (PHC) route has received an investment of around US$370billion per year. It created massive demand for the ceric ammonium nitrate market in the middle and low income countries.
Several leading players are launching innovative electronics devices based onceric ammonium nitratemay create huge opportunity for this market. For instance on 18th Nov 2018, Detel launched 19-inch LCD TV in Indiaand around 10 models of TV of different screen sizes and features ranging from 24-65 inch. It created massive demand for the ceric ammonium nitrate require in the manufacturing of the LCD dispalys.
The global ceric ammonium nitrate market has declined during the Covid-19 outbreak as several leading manufacturers were closed due to lockdown in many countries. Demand is slightly increased in June 2020, as manufacturer have started production and launching of the advanced medical devices and increased the electronics devices by the leading players due to stable demand.
Several leading players were focusing on the research & development of the innovative products based on the ceric ammonium nitrate. For instance DIC Corporation subsidiary, Topic Co., Ltd, have developed photomask which prevents electrostatic discharge damage forimproved production yields for smartphones, tablets and other electronic devices components. It create huge demand for the ceric ammonium nitrate require in the manufacturing of this components. Further demand will increase as soon as the pandemic will over.
The global ceric ammonium nitrate Market is segmented based on types, product, end-userand region.
In terms of types, the global ceric ammonium nitrate market is bifurcated into neutralization method andconversion method. Among this conversion method has the highest market share due to its rising demand in the manufacturing of the electronics goods. Further it can be used in oxidative addition reactions of electrophilic radicals to alkenes, enabling intermolecular and intramolecular carbon-carbon and carbon-heteroatom bond formation.
Further growing electronics industry with growing production capacity have propelled the demand for the conversion method. For instance on it is widely used in the manufacturing of the electronics components such as photomask, tablets, LCD devices etc.
Further increasing production capacity of the photomasks due to growing demand in the populous countries have propelled the demand for this segmental growth. For istance on 23rd Jan 2018, Toppan Photomasks, Inc. launched leading-edge photomask equipment into shanghai plant. Investment made in China to expand the most advanced photomask production system in Asia. Similarly, neutralization methodare also growing at rapid pace owing to rising demand by the the electrnics and medical devices industry.
Based on product, global ceric ammonium nitrate is divided into alcohols, phenols, ethers and others. Among this alcoholssegment has the highest market share owing to rising its usage in the pharmaceticalindustry sectors for rising demand for the manufacturing of healthcare products. For instance Ceric ammonium nitrateused oxidizes secondary alcohols into ketones and benzylic alcohols into aldehydes.It can be used in the manufacturing of drugs and several leading players are launching new drugs which uses Ceric ammonium nitrate as oxidizing agent.
Based on end-user, global ceric ammonium nitrate is divided intoliquids crystal displays,Laboratories, Cosmetics, Pharmaceutical, Metal Surface Cleaning Process, Photomasks, Fertilizer, Dynamiteand others. Among this, pharmaceuticalhas the highest market share owing to rising its usage in the manufacturing of the pharmacetical products due to increasing prevelence of the diseases around the globe.
According International Federation of Pharmaceutical Manufacturers & Associations, the global pharmaceutical market reached to around US$ 1,430 billion in2020 with around highest market share of the North American countries. It created massive demand for the ceric ammonium nitrate around the globe.
North America region is dominating the global ceric ammonium nitrate market accounted for the largest market share in 2019, due to presence of the several pharmaceutical manufacturing industries and growing healthcare expenditure in this region. For instance, as per the California Health Care Almanac in 2017, the United States healthcare spending reached to around US $3.5 trillion that is around US $10,739, per capital and accounted for 17.9% of gross domestic product (GDP).
It created massive demand for the ceric ammonium nitrate market in this region followed by Europe and Asia-Pacific region. Similarly, Asia-Pacific region is also growing at faster pace owing to highest demand due to rising consumers electronics sale owing to presence of huge population demand and increasing government support and schemes for the healthcare development in this region.
The ceric ammonium nitrate market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Santa Cruz Biotechnology, Blue Line Corporation, American International Chemical, Uranus Chemicals, Green Resource, Treibacher Industries, Sigma-Aldrich Corporation, American Elements, Henan CoreyChem, Chuan Yan Technology, ProChem, DOW, Ganzhou Wanfeng Advanced Materials and among others.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, which are contributing to the growth of the ceric ammonium nitrate market globally. For instance, on 23rd May 2019, Lynas and Blue Line have formed joint venture for developing rare earths separation capacity in the United States. The rear earth metal includes ceric ammonium nitrate which are used in key industries such as automotive, electronics and appliances, internal combustion vehicles, hybrid and electric vehicles etc.
Further on 16th April 2019 Mycronic AB launched the new mask writer, Prexision Lite 8, for the low to mid-end display photomask market. Mycronic offers mask writers for the manufacturing of photomasks within different fields of application. The Company manufactures display for TV, smart phones and tablets among other things and applications within the multi-purpose market. It created massive demand for the ceramic ammonium nitrate market.
The global ceric ammonium nitrate market report would provide an access to an approx. 66 market data table, 59 figures and 230pages.