Aluminum Nitrate Nonahydrate Consumption Market to 2024 - Market is Set to Grow at a CAGR of 1.8%
the present scenario (with the base year being 2017) and the growth prospects of global Aluminum Nitrate Nonahydrate market for 2018-2023.
Aluminum Nitrate is a salt of aluminum and nitric acid, existing normally as a crystalline hydrate, most commonly as aluminum nitrate nonahydrate, Al(NO3)3·9H2O.
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At present, the major manufacturers of Aluminum Nitrate Nonahydrate are XiaXian Yunli, Strem Chemicals, Taiyuan Xinyufeng, Orrion Chemicals, Nithyasri Chemicals, Chongqing Hua'nan, Taiyuan Bohui, Thatcher Group, etc. XiaXian Yunli is the world leader, holding 18.34% production market share in 2017.
China was also the largest consumption regional market for Aluminum Nitrate Nonahydrate, with revenue exceeding 7786 K USD in 2017. North America and Europe are expected to witness demand growth at an estimated CAGR of 1.51% and 1.32% from 2013 to 2017, respectively.
In application, Aluminum Nitrate Nonahydrate downstream is wide and recently Aluminum Nitrate Nonahydrate has acquired increasing significance in various fields of Organic Synthesis and others. Globally, the Aluminum Nitrate Nonahydrate market is mainly driven by growing demand for Organic Synthesis which accounts for nearly 58.67% of total downstream consumption of Aluminum Nitrate Nonahydrate
Over the next five years, LPI(LP Information) projects that Aluminum Nitrate Nonahydrate will register a 1.9% CAGR in terms of revenue, reach US$ 17500 million by 2023, from US$ 15600 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Nitrate Nonahydrate market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Catalyst Grade
- Industrial Grade
- Others
- Segmentation by application:
- Organic Synthesis
- Textile Industry
- Others
This report also splits the market by region
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- XiaXian Yunli
- Strem Chemicals
- Taiyuan Xinyufeng
- Orrion Chemicals
- Nithyasri Chemicals
- Chongqing Hua'nan
- Taiyuan Bohui
- Thatcher Group
- Shijiazhuang Xuanran
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives:
- To study and analyze the global Aluminum Nitrate Nonahydrate consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Aluminum Nitrate Nonahydrate market by identifying its various subsegments.
- Focuses on the key global Aluminum Nitrate Nonahydrate manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Aluminum Nitrate Nonahydrate with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Aluminum Nitrate Nonahydrate submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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