GENERAL

Nitromethane Market anticipated to reach a share of US$ 12.57 Bn by 2032

Nitromethane market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. This study is one of the most comprehensive documentation that captures all the facets of the evolving Nitromethane market. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.

AttributesDetails
Nitromethane Market CAGR5%
Nitromethane Market (2020)US$ 7 Bn
Nitromethane Market Size (2032)US$ 12.57 Bn

Nitromethane Market: Definition and Introduction

Nitromethane is a primary nitroalkane and the simplest form of an organic nitro compound. The chemical formula for Nitromethane is CH3NO2. Nitromethane is an oily, colourless liquid with a strongly unpleasant odor. The molecular weight of Nitromethane is 61.04 g/mol and the boiling point for Nitromethane is 214.2 ° F. Nitromethane is soluble in water, as well as chemicals such as ethyl ether, ethanol, acetone, and carbon tetrachloride. Nitromethane is highly flammable and emits toxic vapors of nitrogen oxides upon combustion or decomposition. Nitromethane is classified as a toxic substance and human exposure to nitromethane affects the skin as well as the central nervous system, leading to skin irritation, dizziness, narcosis, breathing difficulty and nausea.

Nitromethane is also considered to be a probable human carcinogen. Nitromethane also possesses explosive hazard and possesses higher energy than TNT. Nitromethane has velocity of detonation of 21,000 ft/sec. (6,400 mtr/sec), and does not require oxygen to combust. Hence nitromethane poses a far greater risk than other organic compounds under conditions of adiabatic compression. Nitromethane is thus required to be stored and handled by personnel who are well trained and sensitized to the hazards possessed by the compound.

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Considering these aspects of the Nitromethane, the study of the trends and forecasts of the Nitromethane market becomes an important read.

Nitromethane is classified as a hazard class 3 substance (Flammable Liquid) as per the regulations of the International Air Transport Association’s (IATA) and the US Department of Transportation (DOT). The IATA’s Dangerous Goods Regulations prohibit the shipment or transportation of nitromethane using aircrafts. Nitromethane is manufactured using a reaction of propane and nitric acid. Nitric acid is used as a nitrating agent to carry out the nitration of propane in vapor-phase at high temperatures. This is an exothermic reaction and produces industrially important nitroalkane compounds such as nitromethane, 1-nitropropane, 2-nitropropane, and nitroethane.

Nitromethane Market: Dynamics

Nitromethane efficiently donates nitrogen, thus making it a functional molecule with high demand for the organic synthesis of pharmaceutical and agrochemical products. Nitromethane is also used in degreasing, dry cleaning and semiconductor processing applications, where it is utilized as a stabilizer of chlorinated solvent. Nitromethane is also used as a dissolving agent or solvent for acrylate monomers and finds application in the manufacture of adhesives. Nitromethane is also used as a fuel in high performance motorsports, such as drag racing, and even in rockets. Nitromethane requires significantly lower volume of air for combustion compared to gasoline, which allows more nitromethane fuel to be burnt per engine stroke (almost 9 times more than gasoline), thus producing high engine power.

Nitromethane is used as a monopropellant given its low oxygen requirements for combustion. Even though nitromethane produces only around 25% of the combustion energy of gasoline, it provides high levels of instantaneous energy. Nitromethane also find application as a controlled explosive in various industries similar to TNT. Thus nitromethane is utilized across various industries and is a versatile compound with multiple application areas. The pharmaceutical and agrochemical industries, along with the automotive sector, are projected to drive market demand for nitromethane

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Nitromethane: Market Participants

Examples of some of the market participants identified in the Nitromethane market include,

  • ANGUS Chemical Company
  • Aceto Corporation
  • Greenchem Industries LLC
  • Wego Chemical & Mineral Corp
  • LinyiYuanbo Chemical Co., Ltd
  • Zibo Xinglu Chemical Co., Ltd.
  • Wujiang Bolin Industry Co., Ltd.
  • JIGCHEM UNIVERSAL
  • Antera Agro Chem
  • CDH Fine Chemicals India

The research report presents a comprehensive assessment of the Nitromethane market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Nitromethane market segments such as geographies, application and industry.

Key Segments

By Product Grade:

  • 0.99 Grade
  • >0.99 Grade

By Application:

  • Solvent
  • Chemical Intermediate
  • Fuel & Fuel Additive
  • Explosive

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • MEA

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

4. Global Nitromethane Market Analysis 2017-2021 and Forecast, 2022-2032

to be continued…!